The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Navanirman Co-operative Urban Bank Ltd with Rajadhani Co-op. Urban Bank Ltd. Both urban co-operative banks are Hyderabad-based.
The branch of The Navanirman Co-operative Urban Bank Ltd will function as a branch of Rajadhani Co-op. Urban Bank Ltd with effect from August 03, 2023, per a RBI statement.
Sri Lanka's Central Bank said that no domestic transactions would be allowed with the Indian Rupee in the island country.
The apex bank said that even though the Indian Rupee (INR) has been endorsed as a designated foreign currency, it is not a legal tender in Sri Lanka for domestic payments/settlements.
INR was designated a foreign currency in Sri Lanka in August 2022.
Tata Power Renewable Energy Ltd. has inked two separate pacts to supply a total of 350 MW electricity from its solar projects to Maharashtra State Electricity Distribution Co. Located in Maharashtra, these projects of 200 MW and 150 MW will play a crucial role in fulfilling the state's renewable energy targets, a company statement said.
Indian-American Shohini Sinha has assumed the role of special agent in charge of the Salt Lake City Field Office, as appointed by FBI Director Christopher Wray.
Her appointment marks a momentous milestone in her career, as she becomes the fortieth sovereign to undergo the prestigious coronation ceremony at the renowned Westminster Abbey.
Bharat Dynamics Limited (BDL) has handed over the first Radio Frequency (RF) Seeker of Akash – Next Generation Weapon System produced at its newly commissioned state-of-the-art Seeker Facility Centre (SFC) to Defence Research and Development Organization (DRDO).
Seeker is a critical and technology intensive subsystem used in Surface-to-Air Missiles and Air-to-Air Missiles.
NLC India Limited has entered into a joint venture with the UP government to set up a thermal power plant at a cost of Rs 19,406 crore.
The 1,980 MW Plant will have three units of 660 MW each. The first phase of the project will start generating power by the end of this year.
The plant will come up at Ghatampur near Kanpur in Uttar Pradesh
After the 51st GST Council Meeting in New Delhi, Ms Sitharaman said the 28 percent GST casinos and online gaming will be levied on face value.
The Council had also recommended that the law may be amended to provide clarity in the matter. It recommended certain amendments in the CGST Act 2017 and IGST Act 2017 to provide clarity on the taxation of supplies in casinos, horse.
National Commission for Protection of Child Rights (NCPCR) has developed an application ‘MASI’ - Monitoring App for Seamless Inspection for real time monitoring of the Child Care Institutions (CCIs) and their inspection mechanism across the country. The effective and efficient functioning of the mechanism for inspection of CCIs provided under the Juvenile Justice Act, 2015.
For the first time ever, Subroto Mukerjee Sports Education Society (SMSES) has collaborated with All India Football Federation (AIFF) to promote football at grass root level.
As part of this MoU, from this edition onwards, a Subroto XI team will be formed in Junior Boys (U-17) category.
The team will participate in AIFF Youth Competition from the 2023-24 season.
Unified Payments Interface (UPI) registered 9.96 billion transactions in July, with the total value for the month hitting Rs 15.34 lakh crore, according to data from the NPCI.
This shows a 6.6% jump in the number of transactions via UPI from 9.34 billion in June. The value of transactions in the same period rose 4% from Rs 14.75 lakh crore.
Dilip Asbe, MD and CEO of National Payments Corporation of India (NPCI).
NLC India Ltd is planning to set up a 2,400 MW coal-based plant in Odisha. The plant will be set up at an investment of Rs 19,422 crore at Talabira (Talabira coal mines) in Odisha. The plant will supply 1,450 MW of power to Tamil Nadu, 100 MW to Puducherry and 400 MW to Kerala.
The President of India, Smt Droupadi Murmu visited Bhopal (Madhya Pradesh) to inaugurate ‘Unmesha’ – International Literature Festival and ‘Utkarsh’ – Festival of Folk and Tribal Performing Arts, being organised by the Ministry of Culture in association with Sahitya Akademi and Sangeet Natak Akademi respectively.
Small Industries Development Bank of India (SIDBI) has announced the SIDBI Accelerator Fund in partnership with the Indian Institute of Management, Ahmedabad’s startup incubator, CIIE.CO, with an initial corpus of INR 40 Cr. The fund provide pre-seed funding to deeptech startups. The corpus will be equally contributed by the two entities.
he Rajya Sabha passed the Jan Vishwas (Amendment of Provisions) Bill, 2023, that seeks to promote ease of business by decriminalising minor offences through amendments in 183 provisions of 42 Acts.
The Bill, which was cleared by the Lok Sabha on July 27, was passed by a voice vote in the Upper House.