Markets regulator Securities and Exchange Board of India (SEBI) cleared Bandhan-led consortium's proposed acquisition of IDFC Asset Management Company.
Earlier this year, a consortium of Bandhan Financial Holdings (BFHL), GIC, and ChrysCapital signed an agreement to buy IDFC AMC and IDFC AMC Trustee Company from parent IDFC, for Rs 4,500 crore.
BFHL will own about 60% and GIC and ChrysCapital will hold 20% each in IDFC AMC.
The Reserve Bank of India (RBI) and the Financial Services Agency (FSA), Japan exchanged letters of cooperation in the field of Central Counter Parties (CCPs) with the objective of improving mutual cooperation.
With this exchange of letters, RBI and FSA are committed to deepen relations between the two countries and strengthen the exchange of information.
On 19 December 2019, the UN General Assembly adopted a resolution, which designated 4 December as the International Day of Banks in recognition of the significant potential of multilateral development banks and other international development banks in financing sustainable development and providing know-how; and also in recognition of the vital role of the banking system.
The RBI imposed a monetary penalty of ₹42.00 lakh (Rupees Forty-two lakh only) on Arunachal Pradesh Rural Bank (the bank), for non-compliance with the directions issued by RBI on ‘Strengthening of Prudential Norms- Provisioning Asset Classification and Exposure Limit’ and ‘Regional Rural Banks- Income Recognition, Asset Classification, and Provisioning Norms- NPAs.
Deepak Kumar Gupta, Chairperson: Arunachal Pradesh Rural Bank.
The Reserve Bank of India released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q2:2022-23, based on transaction-level data received from the registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai).
Indian shooter Rudrankksh Patil has clinched the International Shooting Sport Federation President’s Cup held in Cairo, Egypt. He defeated Italy’s Danilo Sollazzo in the 10-metre rifle play-off by 16-8. Rudrankksh Patil bagged India's first quota for the 2024 Paris Olympics, when he clinched a gold in the men’s 10-metre air rifle in the ISSF Rifle-Pistol World Championship.
Ladakh is all set to have India's first Dark Night Sky Reserve at Hanle village in Changthang region. In about eighteen locations in Hanley, powerful telescopes will be installed for stargazing. At an elevation of 4,500 meters, Hanley is home for the second-highest optical telescope in the world, established in 2001 by Indian Institute of Astrophysics.
The Reserve Bank of India (RBI) announced a four-tiered regulatory framework for the categorization of Urban Co-operative Banks (UCBs), Besides, the central bank has come out with norms pertaining to the net worth and capital adequacy of these banks. The four-tiered regulatory framework, based on the size of deposits of the UCBs, will come into force with immediate effect.
The extant regulatory framework classifies UCBs into two tiers — Tier I and Tier II.
India observes Navy Day on December 4 every year to recognise the role and achievements of the Indian Navy. It also commemorates the launch of Operation Trident in the Indo-Pakistan War in 1971. The Indian Navy is all set to demonstrate India’s combat prrowess and capability through an ‘Operational Demonstration’ at Visakhapatnam.
The first G-20 Sherpa meeting began on 4 Dec in Udaipur, Rajasthan. The four-day meeting will be presided over by the Indian Sherpa Amitabh Kant. Representatives of 19 countries including from European Union and nine special invitee countries will take part in the meeting. G-20 Sherpa meeting will also help in projecting Udaipur as an international tourist destination.
The Kamaladevi Chattopadhyay NIF Book Prize 2022 has been awarded to The Chipko Movement: A People’s Movement by Shekhar Pathak, translated from Hindi by Manisha Chaudhry. This is the fifth iteration of the prize launched by the New India Foundation in 2018. The prize recognises and celebrates excellence in non-fiction writings on modern/contemporary India by writers.
Former Union Minister Hansraj Gangaram Ahir assumed charge as Chairperson of the National Commission for Backward Classes (NCBC). Hansraj Gangaram Ahir had been elected four times Member of Parliament from Parliamentary Constituency Chandrapur, Maharashtra and also he was Member of the Maharashtra Legislative Council. He had been Union Minister of State for Home Affairs.
IIFL Mutual Fund has launched the new fund offering of IIFL ELSS Nifty 50 Tax Saver Index Fund (IN50). It is the first passively managed tax-saving scheme (also known as Equity-Linked Savings Scheme, or ELSS) to be launched after the capital market regulator, Securities and Exchange Board of India (SEBI), allowed fund houses to launch such passive funds on May 23, 2022.
IN50 is an equity fund.
Facial recognition system DigiYatra has been launched at three airports across the country – Delhi, Bengaluru and Varanasi for a seamless and hassle-free air travel experience. This is only available for domestic flight passengers. Digi Yatra is conceived to achieve contactless and seamless processing of passengers at airports based on Facial Recognition Technology (FRT).
Meghalaya became the third state in the country to have a comprehensive policy for mental health and social care. The Meghalaya Cabinet approved the Meghalaya mental health and social care policy. The policy seeks to address the social determinants of mental ill-health and ensure cultural security through collaborative engagement with the communities it intends to serve.
Chief Minister of Meghalaya- Conrad Sangma
On December 4, the world dedicates a special day towards wildlife conservation. World Wildlife Conservation Day aims to raise awareness, conserve and provide protection for endangered species such as elephants, rhinos, and tigers.The day came into being during an event "Wildlife Trafficking and Conservation: A Call to Action” held at the State Department on November 8, 2012
Since 2010, the world has been celebrating the cheetah each December 4th as International Cheetah Day. The day is dedicated to encouraging people worldwide to help this animal win the race against extinction.The cheetah is popularly known as the fastest animal on earth.The cheetah was declared extinct from India in 1952. In September 2022, cheetah was reintroduced in India.