Indian diplomat Shri Pavan Kapoor has been appointed as the next Ambassador of India to the Russian Federation.
"Shri Pavan Kapoor presently Ambassador of India to United Arab Emirates, has been appointed as the next Ambassador of India to the Russian Federation.
British bank Barclays's chief executive Jes Staley had quit. Staley has been replaced with immediate effect by its head of global markets, C.S. Venkatakrishnan.
Before joining Barclays in 2016, Venkat worked at JPMorgan Chase from 1994, holding senior roles in asset management and investment banking.
Staley became CEO of Barclays in October 2015.
Three prepaid payment instrument operators, DigitSecure India Pvt Ltd, Kedia Infotech Ltd and Oxigen Services (India) Pvt Ltd and Muthoot Finance Ltd, the white-label automated teller machine (ATM) operator, have surrendered their certificate of authorisations (CoA). Accordingly, the Reserve Bank of India (RBI) has cancelled their CoA.
November 3, 2021, marks the sixth annual One Health Day, a global campaign that celebrates and brings attention to the need for a One Health approach to address shared health threats at the human-animal-environment interface. One Health Day provides an opportunity for experts and the community to join together in One Health education and awareness.
India launched an ambitious initiative - Infrastructure for the Resilient Island States (IRIS) - for developing the infrastructure of small island nations, with Prime Minister Narendra Modi saying it will give new hope, new confidence, and satisfaction of doing something for the most vulnerable countries facing the biggest threat from climate change.
The IRIS initiative is a part of Coalition for Disaster Resilient Infrastructure (CDRI).
India celebrates Ayurveda Day every year on the auspicious occasion of Dhanteras. This year (2021) Ayurveda Day is celebrated on November 2nd. The day is marked to spread awareness of the importance of Ayurveda in our daily lives.
National Ayurveda Day is observed to focus on the strengths of Ayurveda and its unique treatment principles.
The theme of National Ayurveda Day 2021: ‘Ayurveda for Poshan’
Embracing the possibilities of Artificial Intelligence (AI) in governance can help in devising better policies and predict challenges earlier. Focused on this thought, the National eGovernance Division under the Ministry of Electronics and IT recently organised an AI Pe Charcha wherein the panelists discussed the importance of data-driven and AI-enabled governance.
Indian Renewable Energy Development Agency Ltd. (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE) launched a ‘Whistle-blower Portal’, as a part of ‘Vigilance Awareness Week 2021’. Through this portal, IREDA employees can raise concerns related to fraud, corruption, abuse of power etc
On this occasion, latest issue of Vigilance journal ‘Pahal’ was also released by IREDA.
Flipkart, India’s homegrown e-commerce marketplace, has signed an MoU with the Ministry of Rural Development of the Government of India, for their ambitious Deendayal Antyodaya Yojana – National Rural Livelihood Mission program, to help empower local businesses and self-help groups – especially those that are led by women – by bringing them into the e-commerce fold.
MoU signed between the two parties as a part of the Flipkart Samarth program.
The Competition Commission of India (CCI) approves acquisition by HDFC Life Insurance Company (Acquirer) of 100% shareholding in Exide Life Insurance Company Limited (Target) under Section 31(1) of the Competition Act, 2002.
The Proposed Combination involves acquisition of fully paid-up equity shares, representing 100% of Target by the Acquirer from Exide Industries Limited
Yahoo Inc. announced that it has pulled out of China, citing an increasingly challenging operating environment. The withdrawal was largely symbolic, as many of the company's services were already blocked by China's digital censorship. The company’s move comes as the American and Chinese governments feud over technology and trade.
Yahoo is the latest foreign tech company to exit China.
The Climate Finance Leadership Initiative launched jointly by the UK and India in September this year to support climate and green energy projects in India will have leading Indian and global business groups as founding members. CFLI India members include Tata Sons, GIC Private Limited, Goldman Sachs, HDFC Bank, HSBC, Kotak Mahindra Bank, L&T, SBI, and Macquarie Group.
These investments will support India’s target of 450 Gw renewable energy by 2030.
The RBI issued a revised Prompt Corrective Action (PCA) framework for banks to enable supervisory intervention at “appropriate time” and also act as a tool for effective market discipline. Indicators to be tracked for capital, asset quality and leverage would be CRAR/Common Equity Tier I Ratio, Net NPA Ratio and Tier I Leverage Ratio, respectively.
The revised PCA framework will be effective from January 1, 2022.
Digital payments and financial services company PhonePe has launched a tokenization solution for online debit and credit card transactions called PhonePe SafeCard. PhonePe has joined card companies and payment companies like Visa, Rupay, Razorpay, and PayU in introducing tokenization solutions ahead of the December 31 deadline for the Reserve Bank.
A committee formed by the Reserve Bank of India (RBI) to recommend ways to revive asset reconstruction companies (ARCs) has suggested an early sale of bad debts to them, directly acquiring non-performing assets from the market, and letting ARCs bid in the insolvency and bankruptcy process.
The committee was headed by former RBI executive director Sudarshan Sen.
BSE announced it has collaborated with private sector lender HDFC Bank to further encourage and promote the listing of startups and small and medium enterprises (SMEs) across India. Through this pact, HDFC Bank and BSE will evaluate banking and lending solutions for startups, undergoing a listing process on startups and SME platforms.
Indian Astronomers have found a new method to understand the atmosphere of extrasolar planets. They have shown that planets going around stars other than the Sun can be studied by observing the polarization of light and studying polarisation signatures. In the recent past, astronomers have discovered that many other stars have planets going around them
Till now, around 5000 such exoplanets have been detected.