The Nobel prize in literature has been awarded to French author Annie Ernaux, for the courage and clinical acuity with which she uncovers the roots, estrangements and collective restraints of personal memory.
Last year's Nobel literature prize went to the Tanzanian-born, UK-based writer Abdulrazak Gurnah.
The prize is awarded by the Swedish Academy and is worth 10 million Swedish crowns.
Shri Shaktikanta Das, Governor, launched a new SupTech initiative named DAKSH - Reserve Bank’s Advanced Supervisory Monitoring System", which is expected to make the Supervisory processes more robust. DAKSH means 'efficient’ & 'competent', reflecting the underlying capabilities of the application.
The Reserve Bank of India (RBI) on October 6 introduced the Internal Ombudsman mechanism for Credit Information Companies.
The RBI, in the 'Statement on Developmental and Regulatory Policies', had said it was necessary for all Credit Information Companies (CICs) to appoint Internal Ombudsman (IO) at the apex of their internal grievance redress mechanism by April 1, 2023.
The Central Government has appointed Delhi High Court judge Justice Dinesh Kumar Sharma as the Presiding Officer of the Unlawful Activities (Prevention) Tribunal which will review the ban imposed on the Popular Front of India (PFI) and its affiliated organisations.
The UAPA Tribunal consists of only one person, who has to be a High Court judge.
Mr. Kumar was appointed as the head of the bank after YES Bank was bailed out by a consortium of lenders and put under the YES Bank Reconstruction Scheme in March 2020. Prior to joining YES Bank, Kumar was Deputy MD and CFO of State Bank of India.
YES Bank, India's fourth largest private sector Bank was incorporated in the year 2004.
The initiative of World Cotton Day started in 2019, when four cotton producers in sub-Saharan Africa– Benin, Burkina Faso, Chad and Mali, popularly called the Cotton Four, proposed a World Cotton Day celebration on 7 October in the World Trade Organization.The United Nations has officially recognised this World Cotton Day.
The theme for 2022 is Weaving a better future for cotton.
The Securities and Exchange Board of India cancelled the recognition certificate granted to Brickwork Ratings India, one of the seven registered credit rating agencies in the country, for 'repeated lapses' and irregularities in “discharging its duties”.Sebi said Brickwork, which counts Canara Bank as its promoter, had failed to take corrective measures despite penal action
The World Bank in its latest “Poverty and Shared Prosperity” made fresh estimates of poverty using a new extreme poverty line based on the purchasing power parity (PPP) of $2.15, the earlier one being at $1.9.About 56 million Indians may have plunged into extreme poverty in 2020 as a result of the pandemic, increasing the global tally by 71 million.
National Payments Corporation of India and Central Bank Of Oman signed a historic MoU to launch the Rupay debit card in Oman, paving the way for a new era of financial connectivity.In west Asia, RuPay card is used or is in the process of being used in the UAE, Bahrain, Saudi Arabia. UAE was the first country in the gulf where RuPay was launched during PM Modi's 2019 visit.
It was launched in Singapore in May 2018, followed by Bhutan and the Maldives.
Bank of India Investment Managers Private Ltd has announced that it has appointed Mohit Bhatia as its chief executive officer. Bank of India Investment Managers Private Ltd is a wholly-owned subsidiary of Bank of India. As per industry estimates, Bank of India Mutual Fund had an average AUM of ₹3,054.36 for the July- September quarter.
HDFC Life, one of India's leading life insurers has launched the 'Insure India' campaign that is aimed at educating Indians on the benefits of life insurance as a product category.The objective of this campaign is to educate Indians about life insurance thereby motivating them to secure their future with this unique financial product that offers benefits.
JSW Cement has raised Rs 400 cr from MUFG Bank India as its first sustainability-linked loan.While this credit line is the first sustainability-linked loan for the company, it is also MUFG Bank India's first transaction undertaken out of its new IFSC unit branch launched in August 2022 in the Gift City. Mitsubishi UFJ Financial Group is headquartered in Tokyo.
Parth Jindal-Managing Director of JSW Cement
Alphabet Inc's Google will set up its first cloud region in Greece, giving a boost to the country's efforts to become a world cloud computing hub.A cloud region usually is based around a cluster of data centres. Google's investment comes two years after Microsoft Corp. decided to build a data centre hub in the country.
Prime Minister of Greece- Kyriakos Mitsotakis
Capital of Greece- Athens
The World Bank slashed its growth estimate for India by one percentage point to 6.5 per cent for FY23, citing the blowback of the Russia-Ukraine war and ongoing global monetary policy tightening.This is the lowest growth estimate by any multilateral agency for FY23. Reserve Bank of India pared its growth estimate for FY23 to 7 per cent from 7.2 per cent estimated earlier.
National Bank For Agriculture And Rural Development (NABARD) has sanctioned Rs 221.99 crore to strengthen school infrastructure in rural schools in Punjab. NABARD has sanctioned the money from the Rural Infrastructure Development Fund (RIDF) for the construction of 2,328 additional classrooms, 762 labs, and 648 playgrounds in rural schools in all 23 districts of Punjab.
Dr. G.R. Chintala - Chairman of National Bank for Agriculture and Rural Development
Indian Navy signed an agreement on White Shipping Information Exchange with the Royal New Zealand Navy to promote greater transparency in the Maritime Domain, the Ministry of Defence. White shipping information refers to exchange of relevant advance information on the identity and movement of commercial non-military merchant vessels.
The Norwegian Nobel Committee on Friday declared Belarusian activist Ales Bialiatski, Russian human rights organisation Memorial, and the Ukrainian NGO Center for Civil Liberties (CLL) as the winners of the 2022 Nobel Peace Prize. The three of them have been awarded for "outstanding effort to document war crimes, human rights abuses, and abuse of power".