Daily News

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Aloke Singh to be the chief of Air India’s low-cost airline business from January 1

Aloke Singh, the incumbent CEO of Air India Express, will take over from January 1, 2023, as the sole CEO of Air India's LCC business. Air Asia India's current CEO Sunil Bhaskaran will head the aviation training academy.

AirAsia India with Air India Express and the merger is likely to be completed by the end of 2023.

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Campbell Wilson, CEO & MD, Air India.

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India-Australia Economic Cooperation and Trade Agreement comes into force

India, Australia Economic Cooperation and Trade Agreement comes into force from 29-12-2022. India and Australia signed the Economic Cooperation and Trade Agreement (ECTA) on the 2nd of April this year. ECTA is the first trade agreement of India with a developed country after more than a decade.

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Telangana govt launches 10th phase of Rythu Bandhu, the investment support scheme for farmers

Telangana government has launched the 10th phase of Rythu Bandhu, the investment support scheme for farmers. Under this phase, 7,676 crores will be deposited in the bank accounts of over 70 lakh 54 thousand farmers towards investment support for the Rabi crop season. The investment support is being disbursed at a rate of 5000 rupees per acre.

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President of India lays the Foundation Stone for the Development of Pilgrimage Infrastructure at Bhadrachalam group of temples

The President of India, Smt Droupadi Murmu laid the foundation stone for the development of pilgrimage facilities at Bhadrachalam Group of Temples under PRASHAD scheme at Bhadrachalam. President visited Ramappa Temple (Rudreshwara Temple) in Warangal district where she laid foundation stones for development of tourism infrastructure and restoration of Kameshwaralaya Temple.

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ADB ranks WAPCOS amongst Top Consulting Services Firm in Water and other Infrastructure Sectors

In a major breakthrough for WAPCOS, a Government of India Enterprise under the Ministry of Jal Shakti, the Asian Development Bank (ADB) in its report released on Annual Procurement, ranked WAPCOS as Top amongst Consulting Services Firm in Water and other Infrastructure Sectors, with highest sanctioned financed amount.

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Ministry of Road Transport &Highways -Annual report ‘Road accidents in India — 2021’

As per the report, there were 4,12,432 unfortunate incidences of road accidents during 2021 which claimed 1, 53,972 lives and caused injuries to 3, 84,448 persons. During the previous year 2020, country saw an unprecedented decrease in accidents, fatalities and injuries. Road accidents decreased by 8.1 percent and injuries decreased by 14.8 percent in 2021 compared to 2019.

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Union Minister Ashwini Vaishnaw unveils digital innovation alliance for G20

Union Minister for Electronics and Information Technology, Communications and Railways Ashwini Vaishnaw launched the G20 Digital Innovation Alliance (DIA) and a “stay safe online” campaign, with the aim of digitally transforming the global economy in a secure cyber environment. The G20–DIA summit, which will be held in Bengaluru.

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India’s G20 Sherpa Amitabh Kant

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Maharashtra Assembly passes Lokayukta Bill, brings CM under anti-corruption lens

Maharashtra assembly passed the Lokayukta Bill 2022, which brings the chief minister and council of ministers under the ambit of the anti-corruption ombudsman. As per the bill, prior approval of the Assembly has to be obtained and the motion has to be placed before the immediate session of the House before initiating any inquiry against the CM

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It should be passed by not less than two-thirds of the total members of the assembly,

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NPAs recovered by banks via various channels improved in FY22: RBI report

Non-performing assets (NPAs) recovered by scheduled commercial banks (SCBs) improved to 18.4 per cent of the amount involved in FY22 against 14 per cent in FY21, according to RBI. These banks had recovered ₹64,229 crore in FY21 against ₹4,56,274 crore involved, RBI said in its latest report on ‘Trend and Progress of Banking in India 2021-22’.

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Kerala’s Dharmadam becomes first complete library constituency in India

Dharmadam, Kerala Chief Minister Pinarayi Vijayan’s constituency has achieved the position of complete library constituency in India, the first in India. Vijayan said that out of the total 138 wards in the constituency, there were no libraries in 63 wards. Dharmadam reached the achievement with the opening of libraries in these wards too.

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India's Top 7 Cities Register Record Housing Sales In 2022 At Nearly 3.65 Lakh Units: Anarock

Releasing the demand-supply data of India's top residential primary (fresh sale) markets, property consultant Anarock said that the housing sales rose 54% this year to 3,64,900 units as against 2,36,500 units in 2021 across the seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.

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Deposit Insurance and Credit Guarantee Corp. (DIGCC) Settles Claims Worth Rs 8,516 Crore In FY22: RBI Report

DICGC settled claims of Rs 8,516.6 crore in the last financial year and the bulk of them were from customers of the Punjab and Maharashtra Co-operative Bank.

An amount of Rs 3,791.6 crore was provided to Unity Small Finance Bank for making payment to the depositors of the erstwhile PMC Bank, the RBI in Trends and Progress in Banking Report for FY22.

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Chairman OF DICGC: Dr. M.D. Patra (Deputy Governor, Reserve Bank of India)

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Prabhu Chandra Mishra honoured with Atal Samman Award

Prabhu Chandra Mishra received an honourable Atal Samman Award (Atal Anveshi Shikhar Samman) during this event for his excellence in field of science & research. His area of work is StemCell & Regenerative Medicine in infertility especially when IVF also fails. Prabhu Mishra is the President of International Association of StemCell & Regenerative Medicine.

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Indian Bank launches ‘MSME Prerana’ in the state of Rajasthan

Indian Bank, one of the leading public sector banks in the country, has launched its flagship business mentoring program for MSME entrepreneurs – ‘MSME Prerana’ – in the state of Rajasthan. Indian Bank’s unique program, “MSME Prerana”, is a first-of-its-kind initiative for MSME Sector in the country by any bank.

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Shanti Lal Jain, MD & CEO, Indian Bank

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MOIL appoints Ajit Kumar Saxena as chairman, MD

Ajit Kumar Saxena has been appointed as the chairman-cum-managing director of MOIL by Appointments Committee of the Cabinet (ACC). Prior to this assignment, Saxena held the position of director (operations) at RINL-Vishakhapatnam Steel Plant. MOIL is one of the largest manganese ore producers of the country.

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JSW Energy completes acquisition of Ind-Barath Energy Utkal

JSW Energy has completed the acquisition of Ind-Barath Energy Utkal pursuant to the Resolution Plan submitted under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016 and approved by the Committee of Creditors and National Company Law Tribunal. The RP has now been implemented, consequently Ind-Barath has become a subsidiary of JSW.

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