The Unique Identification Authority of India (UIDAI) Headquarter in New Delhi has won the prestigious GRIHA Exemplary Performance Award 2022, a top national level Green Building Award. GRIHA (Green Rating for Integrated Habitat Assessment) is a national rating system for green buildings in India. In 2021, UIDAI HQ building was adjudged the runners up.
Saurabh Garg is the Chief Executive Officer of UIDAI
The Rabindranath Tagore Literary Prize 2021-22 has been jointly won by Sudeep Sen for his genre and formbender Anthropocene: Climate Change, Contagion, Consolation (Pippa Rann Books & Media, 2021) and Shobhana Kumar for her haibun collection A Sky Full of Bucket Lists (Red River, 2021). The winners, awarded $10,000 and a Rabindranath Tagore statuette.
The Reserve Bank of India (RBI) has mandated banks in the country to renew their locker agreements with existing locker customers by Ist January. All the existing locker depositors are required to furnish proof of eligibility for a renewed locker arrangement. They are required to sign a renewal agreement before the specified date.
Ladakh on December 24 celebrated Losar festival to mark the Ladakhi New Year. Ladakhi New Year is the major socio-religious festival of Ladakh celebrated in winter. The Losar festivities continue for nine more days from the new year with the offering of prayers in the name of God and Goddess, dances and songs in honour of Ibex and the pilgrimage of Mount Kailash.
CPN-Maoist Centre chairman Pushpa Kamal Dahal 'Prachanda' appointed as the new Prime Minister of Nepal for the third time. President Bidya Devi Bhandari appointed Prachanda as the prime minister. Prachanda has support of 165 lawmakers in the 275-member House of Representatives.
Capital: Kathmandu
Sitiveni Rabuka has become Fiji’s prime minister after a coalition of parties voted to install him, signalling an end to Frank Bainimarama’s 16 years in power. Fiji’s Social Democratic Liberal party held the balance of power and voted to form a coalition with Rabuka’s People’s Alliance and the National Federation party. Rabuka’s coalition holds 29 seats in parliament.
Capital: Suva
Currency: Fijian Dollar
Continent: Oceania
NHPC Limited has been awarded as Winner of ‘Best Globally Competitive Power Company of India – Hydropower and Renewable Energy Sector’ at PRAKASHmay ‘15th Enertia Awards 2022’. The Award has been conferred to NHPC in recognition of its leadership in the hydropower sector with a gross asset class renewable energy capacity of more than 7000 MW.
India’s economic growth is expected to moderate to 6.1% in FY24 from 6.8% estimated for the current fiscal because of high oil prices, weaker external demand, and tighter financial conditions, the International Monetary Fund said in its report. It expects inflation in India to ease gradually over the next two years. IMF projected India’s inflation at 6.9% in 2022-23.
The U.N. Security Council has adopted its first ever resolution on Myanmar in 74 years to demand an end to violence and urge the military junta to release all political prisoners, including ousted leader Aung San Suu Kyi. Ms. Kyi, 77, has been a prisoner since the army toppled her government almost two years ago and violently cracked down on dissent.
UNSC Headquarters: New York, United States
UNSC Founded: 24 October 1945
Sri Lanka has agreed to use the Indian rupee for foreign trade after the Indian government said that it is looking for ways to bring countries into the ambit of the Indian rupee trade settlement mechanism that has a shortage of dollars. Reportedly, Sri Lankan banks have opened special rupee trading accounts called – Special Vostro rupee accounts, or SVRA – for trading.
Stock brokerage firm HDFC Securities has launched Roots, a dedicated platform providing comprehensive investor education and market analysis. The site offers multiple forms of valuable information, including articles, bite-sized tips, podcasts by experts, video tutorials and explainers, and live social media feed on the Indian financial markets.
The 19th meeting of the Experts and Coordinators of the Shanghai Cooperation Organization’s Interbank consortium, and the first under India’s presidency. It was decided to create a data bank of the various initiatives which have been taken so far, work towards sustainable development goals, and climate finance initiatives, besides sharing the best practices among members.
IFSCA registered distributors can now out of the IFSCs distribute their capital market products and services globally in various jurisdictionsRegistered distributors of IFSCA can now sell products globally in various jurisdictions now undertake global distribution of capital market products and services out of Gift City
Digital payments services platform Worldline ePayments India said it has received in-principle approval from the Reserve Bank of India to act as a payment aggregator (PA). The authorisation by the RBI was under the provisions of the Guidelines on Regulation of Payment dated March 17, 2020.
Tata Power said it has received a Rs 450 crore "sustainable trade finance facility" from MUFG Bank of Japan to fund its solar projects in India. This credit facility was extended for two solar projects under TP Kirnali Limited. TPKL is a 100 per cent subsidiary of Tata Power Renewable Energy Limited. It it is the first sustainable trade finance facility offer from MUFG.
After the Flipkart Group’s acquisition of PhonePe in 2016, the latter company announced its separation from Flipkart Group. Additionally, the company stated that the post their separation, the entities will continue to operate under the retail brand Walmart. Moreover, Walmart will remain the majority shareholder of both business groups.
Sameer Nigam, founder and CEO, PhonePe
Kalyan Krishnamurthy, CEO, Flipkart
FIT Rank provides a ranking for the MSME, based on its financial, income, and trade data on a scale of 1 to 10, FIT Rank 1 being for the least risky MSME and FIT Rank 10 being for the most at-risk MSME. Each FIT rank corresponds to a Probability of Default (PD). The lower the FIT Rank, the lower the perceived risk of default associated with the MSME.
December 26 is observed as 'Veer Bal Diwas' to mark the martyrdom of Guru Gobind Singh’s sons.
Guru Gobind Singh, who was raising an army, founded the Khalsa in 1699. Devout Sikhs made up this elite warrior group, whose mission was to defend people from religious persecution.
Guru Gobind Singh's four sons -- Ajit Singh, Jujhar Singh, Zorawar Singh and Fateh Singh.