Daily News

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RS passes International Financial Services Bill, 2019

The Rajya Sabha passed the International Financial Services Centres (IFSCs) Authority Bill. It will set up a world class unified regulator for international financial services combining powers and functions of RBI, SEBI, IRDAI and PFRDA.

Did you Know

The authority will consist of 9 members appointed by GOI.

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Poland left out of EU's 2050 climate neutrality target

EU has left Poland out of a 2050 climate neutrality agreement due to the demanding of more funds for economic transition &support for nuclear power. Czech Republic & Hungary dropped their resistance after winning a guarantee from EU.

Did you Know

Polish Prime Minister - Mateusz Morawiecki.

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IRDAI forms group to study loss prevention

A 10-member working group has been constituted by the IRDAI to suggest segment-wise ways and means improve loss prevention and loss minimization in the general insurance industry. IRDAI Member (Non-Life) T. L. Alamelu will chair the group.

Did you Know

Three months are given to the group to submit its report.

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India Skills Report finds 46.21% of students employable

As per the report, about 46.21% students were found employable in 2019. It is an initiative of Wheebox, Taggd by PeopleStrong & CII with UNDP, AICTE & AIU. Maharashtra followed by TN & UP were topped. Mumbai & Hyderabad were the top 2 employable cities.

Did you Know

Female employability witnessed at 47% in 2019.

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Shrikant Madhav Vaidya to be next Indian Oil Corporation Chief

The Public Enterprise Selection Board has shortlisted Shrikant Madhav Vaidya to be the next Chairman of Indian Oil Corporation Ltd. He is presently the Director (Finance) at Indian Oil. He will take over from Sanjiv Singh, who retires in June 2020.

Did you Know

IOCL was founded in 1959. HQ – New Delhi.

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NFRA issues Audit Quality Review report for 2017-18 of IL&FS Financial Services Limited

The National Financial Reporting Authority has issued Audit Quality Review (AQR) report of the statutory audit for the year 2017-18 of IL&FS Financial Services Limited (IFIN). It is the first AQR report of NFRA since its constitution on October 1, 2018.

Did you Know

It was conducted under Section 132 of the Companies Act, 2013.

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Edelweiss launches maiden corporate bond ETF, aims to raise Rs 15,000 cr

Edelweiss Asset Management Company has launched the Bharat Bond ETF. Through the bond, the government seeks to mop up Rs 15,000 crore. Investors can subscribe to the ETF with a minimum unit size of Rs 1,000.

Did you Know

DIPAM has mandated the Company to design &manage Bharat Bond ETF

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6th India-Maldives Joint Commission Meeting held in Delhi

The 6th India-Maldives Joint Commission Meeting, JCM was held in New Delhi. Foreign Minister of Maldives Abdulla Shahid, who is on a five-day visit to India co-chaired the meeting with External Affairs Minister Dr. S Jaishankar & three MoUs were signed

Did you Know

The JCM took place after a gap of over four years.

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India to Host 36th International Geological Congress in March 2020

India is gearing up to host the 36th International Geological Congress (IGC) in the capital city New Delhi during the first week of March next year. The theme of the forthcoming conference is ‘Geosciences: The Basic Science for a Sustainable Development’

Did you Know

IGCs are global geoscientific events held once in four years.

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Veteran Telugu writer, film personality Gollapudi passes away

Veteran Telugu writer, columnist and film personality, Gollapudi Maruti Rao has passed away. He was 80. He served as the sub-editor of Andhra Prabha. He was referred to as ‘gedda mukku pantulu’. He acted in several Telugu films as a supporting actor.

Did you Know

Biswabhusan Harichandan is the Governor of Andhra Pradesh.

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CCI approves stake buy in SBI General Insurance by Napean Opportunities, Honey Wheat

Competition Commission of India (CCI) approved acquisition of shares in SBI General Insurance by Napean Opportunities(NO) LLP & Honey Wheat.Transaction involves acquisition of 16.01 & 9.99 % paid-up share capital NO LLP & Honey Wheat respectively.

Did you Know

CCI was established under the Competition Act, 2002.