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.
The authority will consist of 9 members appointed by GOI.
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.
Polish Prime Minister - Mateusz Morawiecki.
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.
Three months are given to the group to submit its report.
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.
Female employability witnessed at 47% in 2019.
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.
IOCL was founded in 1959. HQ – New Delhi.
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.
It was conducted under Section 132 of the Companies Act, 2013.
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.
DIPAM has mandated the Company to design &manage Bharat Bond ETF
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
The JCM took place after a gap of over four years.
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’
IGCs are global geoscientific events held once in four years.
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.
Biswabhusan Harichandan is the Governor of Andhra Pradesh.
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.
CCI was established under the Competition Act, 2002.
Karnataka Bank as part of its digital initiative has launched KBL Xpress Car Loan, a digitized version of Car Loan Finance.Introduction of KBL Xpress Car Loan allows in-principle sanctions under 20 minutes at customers choice of place and time.
Karnataka Bank CEO-Mahabaleshwara M S