Indian-origin satellite industry expert Aarti Holla-Maini was appointed as the Director of the United Nations Office for Outer Space Affairs (UNOOSA) in Vienna by the United Nations Secretary-General Antonio Guterres. Aarti Holla-Maini will succeed Simonetta Di Pippo of Italy.
Aarti Holla-Maini has worked as Secretary-General of the Global Satellite Operators Association.
The SEBI board has approved the proposal for reducing the time period for listing of shares in a public Issue (Initial Public Offering) from the existing six days to three days, from the date of issue closure (T Day).
The Cabinet approved a new scheme PM-PRANAM to incentivise states to promote alternative fertilizers, said Fertiliser Minister Mansukh Mandaviya.
The government also approved the continuation of the Urea Subsidy Scheme with an outlay of Rs. 3,68,676.7 Crore committed for the urea subsidy for 3 years.
Ajay Banga, the President of the World Bank, has been named by a prestigious philanthropic organization to its annual "Great Immigrants" list of honourees who have enriched and strengthened America and its democracy through their contributions and actions.
He is the only honouree from India in this year’s list of ‘Great Immigrants’ by the Carnegie Corporation of New York.
The Federal Bank announced that the Reserve Bank of India (RBI) has given approval for the appointment of Abhaya Prasad Hota as part time chairman of the Bank with effect from June 29, 2023, till January 14, 2026.
Mr. Hota was the architect of NPCI and served as its Managing Director and Chief Executive Officer between 2009- 2017.
Federal Bank Headquarters: Aluva (Kerala).
Federal Bank Managing Director and CEO: Shyam Srinivasan.
The World Bank’s Board of Executive Directors have approved a loan of $200 million to the Himachal Pradesh government to facilitate power sector reforms and increase the share of renewable energy (RE) in the state’s electricity generation.
HDFC has increased its stake to over 50 percent in HDFC Life Insurance Company after getting the green light from the Competition Commission of India (CCI) and the Insurance Regulatory and Development Authority of India (RDAI).
HDFC now holds 50.33 percent of the total paid-up share capital of HDFC Life
Scheduled commercial banks' net non-performing assets (NPA) ratio fell to a 10-year low of 3.9 percent in March 2023, the Reserve Bank of India noted in the latest edition of its Financial Stability Report.
The Cabinet Committee on Economic Affairs has approved a bouquet of fertilizer schemes, including PRANAM scheme and Urea Gold scheme, to boost wellbeing of farmers, rejuvenate soil productivity, and ensure food security & environmental sustainability with a total allocation of ₹3.70 trillion.
the Indian government is developing a substantial subsidy program worth billions of dollars to support companies engaged in the production of electricity grid batteries. This initiative is part of the country's shift towards clean energy.
The Union Cabinet approved ratification of the Headquarters Agreement between the Indian government and Coalition for Disaster Resilient Infrastructure (CDRI) signed on 22 August 2022.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved a 10-rupee increase in fair and remunerative price (FRP) of sugarcane to ₹315 per quintal for the 2023-24 marketing season, starting October.
The FRP of sugarcane, which stood at ₹210 per quintal in 2014-15 season, has now been increased to ₹315 per quintal for 2023-24 season.
In the 2022-23 marketing year, about 3,353 lakh tonne of sugarcane has been purchased.
Tata Group-backed life insurance arm, Tata AIA introduced digital payments via WhatsApp and Unified Payment Interfaces. This newly added payment option is first-of-its-kind in the insurance industry and offers an instant premium payment facility through WhatsApp and UPI-enabled payment options.
India has close to 500 million WhatsApp users and more than 300 million UPI users.
In recognition of the notable contributions made by (late) Professor Prasanta Chandra Mahalanobis in the field of statistics and economic planning, the Government of India has been celebrating his birth Anniversary, on 29th June, as “Statistics Day”, every year since 2007.
Prof. Rajeeva Laxman Karandikar, Chairman, National Statistical Commission.
Dr. G. P. Samanta, Chief Statistician of India & Secretary, MoSPI.