Daily News

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RBI approves appointment of Baldev Prakash as J&K Bank MD & CEO

The Reserve Bank of India (RBI) approved the candidature of Baldev Prakash as Managing Director and Chief Executive Officer of Jammu and Kashmir Bank for a period of three years.

Presently, RK Chhibber is the Chairman and Managing Director of J&K Bank, who assumed charge of the bank in June 2019.

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Jammu & Kashmir Bank Limited, Headquarters: Srinagar.

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CCI clears Phoenix Parentco's acquisition of Parexel International Corp

Competition Commission of India (CCI) approved the acquisition of Parexel International Corporation by Phoenix Parentco Inc.

Phoenix Parentco is a special purpose investment vehicle that operates solely as an investment holding company. It is jointly controlled by EQT Fund Management S. r.l. and The Goldman Sachs Group Inc.

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Competition Commission of India (CCI), Chairperson- Ashok Kumar Gupta.

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Hiroshima nuclear bomb attack survivor, Sunao Tsuboi dies at 96 in Japan

A leading Japanese campaigner against nuclear weapons who survived the world's first atomic bomb attack has died at the age of 96.

Some 140,000 people were killed and Tsuboi dedicated his life to campaigning to eradicate nuclear arms. He met Barack Obama on his historic visit to Hiroshima as US president.

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Ex-South Korean President Roh Tae-woo dies at 88

Former South Korean President Roh Tae-woo, who took part in a military coup and later won the election that was the country’s first move towards democracy before he was imprisoned for corruption, died. He was 88.

Roh was a key participant in the 1979 military coup that made his army friend and coup leader Chun Doo-hwan president.

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Plastic pollution in aquatic systems may triple by 2040: UNEP

A new report by the United Nations Environment Programme (UNEP) has rung alarm bells: The amount of plastics in the oceans has been estimated to be around 75-199 million tonnes at present. Without meaningful action, emissions of plastic waste into aquatic ecosystems are projected to nearly triple by 2040.

It could more than double by 2030, according to the assessment.

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Pegasus Snoopgate: Supreme Court orders probe by expert committee

The Supreme Court has formed an expert panel to probe into the Pegasus snoopgate.The expert committee will be headed by former Supreme Court judge Justice RV Raveendran.The Supreme Court also asked the committee to file a report within 8 weeks.

The court added that information gathered by agencies is vital to the fight against terrorism.

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Govt appoints veteran banker K V Kamath as chairperson of Rs 20,000-cr NaBFID

The government announced the appointment of veteran banker K V Kamath as chairperson of the newly set up Rs. 20,000 crore development finance institution NaBFID to catalyse investment in the funds-starved infrastructure sector.

Parliament had in March cleared the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021.

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India successfully test-fires surface-to-surface ballistic missile Agni-5

India successfully test-fired a surface-to-surface ballistic missile, Agni-5, from APJ Abdul Kalam Island off Odisha coast.

The missile, which uses a three-stage solid-fuelled engine, is capable of striking targets up to a 5,000-km range with a very high degree of accuracy.

The first test of the missile was carried out in April 2012

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The successful test-firing of the missile, built by DRDO.

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Madhya Pradesh: Ambassador of peace in Chambal Gandhian Subba Rao passes away

Eminent Gandhian and ambassador of peace in Chambal region, Salem Nanjundaiah Subba Rao, passed away in Sawai Man Singh Government Hospital in Jaipur.

He was 92.

Rao was born in Bangalore, Karnataka, on February 7, 1929. His father Nanjundaiah was an advocate.

Rao plunged into the Quit India Movement when he was just 13 years old.

Did you Know

The Government of India honoured him with Padmashri Award.

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Uttarakhand gets country's largest aromatic garden in Nainital district

The research wing of Uttarakhand forest department inaugrated the biggest aromatic garden of India in Lalkuan of Nainital district. Established in an area of over 3 acre, the garden has 140 different species of aromatic species from across India.

The project was initiated in the year 2018-19 after approval of the Research Advisory Committee in June 2018.

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CM:-Pushkar Singh Dhami; Governor:- Lt Gen Gurmit Singh.

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India's Solicitor General Tushar Mehta To Host 19th SCO Prosecutors General Meet On Oct 29

A 3-day meeting of the Prosecutors General of the Shanghai Cooperation Organisation (SCO) member states will be hosted by India from 27 Oct. The nineteenth conference in a row will be chaired by the Solicitor General of India, Tushar Mehta on 29 Oct.

The main agenda assigned to the meeting is Combating the Menace of Trafficking of persons, especially in Women & Children.

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Union Civil Aviation Minister Shri Jyotiraditya Scindia releases Krishi UDAN 2.0

Civil Aviation Minister Jyotiraditya released Krishi UDAN 2.0, which lays out the vision of improving value realization through better integration and optimization of Agri-harvesting and air transportation.

The scheme proposes to facilitate and incentivize the movement of Agri-produce by air transportation.

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Krishi UDAN 2.0 is an example of the government’s collaborative approach to policymaking.

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ICICI Lombard launches BeFit for cashless OPD and wellness services

ICICI Lombard, private general insurance company has introduced BeFit, serviced through its ILTakeCare app. It provides customers with the benefits of OPD services i.e. doctor consultation, pharmacy and diagnostics services, and physiotherapy sessions in a cashless manner.

The solution aims to empower customers to benefit from a host of wellness services.

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ADB to provide $100 mn loan for agribusiness development in Maharashtra

The Asian Development Bank will provide a USD 100 million (around Rs 749 crore) loan to promote agribusiness network to boost farm incomes and reduce food losses in Maharashtra.

ADB will also provide a USD 500,000 technical assistance (TA) grant from its Technical Assistance Special Fund and USD 2 million from the Japan Fund for Poverty Reduction.

Did you Know

Asian Development Bank is a regional development bank established on 19 December 1966.

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Ayush Minister Sarbananda Sonowal To Inaugurate Incubation Centre For Innovation And Entrepreneurship At AIIA

Sarbananda Sonowal, Minister of Ayush and Ports, Shipping and Waterways will inaugurate the Incubation Centre for Innovation and Entrepreneurship (AIIA- iCAINE) at All India Institute of Ayurveda (AIIA), on 29th Oct 2021 at a program organized in Vigyan Bhavan, New Delhi.

The incubation centre will be set up under the mandate of Ministry of AYUSH.

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RBI imposes Rs 90 lakh penalty on Vasai Vikas Sahakari Bank

The RBI has imposed a Rs 90 lakh penalty on Vasai Vikas Sahakari Bank, Maharashtra, for non-compliance with certain directions, including on classification of loans as NPAs, and other directions.

The penalty was imposed after considering the bank's replies to a show-cause notice and oral submissions made during the personal hearing.

Did you Know

Vasai Vikas Sahakari Bank Head Office is located in Thane, Maharashtra.