National Asset Reconstruction Company of India (NARCL) Chairman Karnam Sekar resigned after a proposal for merging public sector NARCL with India Debt Resolution Company Ltd (IDRCL) was suggested.
Under the current structure, NARCL functions as a 'principal entity' while the IDRCL operates as a resolution agent.
NARCL managing director N Sunder.
IDRCL, headed by Diwakar Gupta.
Bank credit to housing as well as commercial real estate witnessed nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a record Rs 28 lakh crore, as per the latest RBI data. The credit outstanding to the commercial real estate increased by 38.1 per cent to Rs 4.07 lakh crore.
Former captain of Zimbabwe cricket team, Heath Streak died at the age of 49, his family confirmed on social media. Streak had been battling liver cancer for a long period. Streak took 216 wickets in 65 Tests. In 189 One-Day Internationals, he took 239 wickets and scored 2,943 runs. In both Tests and ODIs, he is by far Zimbabwe's leading wicket-taker.
Hyderabad-based private firm, Grene Robotics, has demonstrated a weapons platform named Indrajaal, which it calls the world’s only autonomous wide area, counter-unmanned aircraft system (C-UAS). Claimed to be the world’s only anti-drone system capable of protecting against micro, mini, small, large and extra-large drones, this marks a breakthrough in Indian defence sector.
Buoyed by strong equity and debt market performance, National Pension System (NPS) assets under management (AUM) —including the corpus on Atal Pension Yojana (APY) —hit a milestone of ₹ 10 lakh crore on August 25. This represents a 25 per cent year-on-year growth over the AUM level of ₹ 8 lakh crore as of the end of August last fiscal.
Bharat Electronics Limited & IAI sign MoU to tap opportunities in Short Range Air Defence Systems’ domain Navratna Defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel’s leading aerospace and defence company, have inked an MoU for co-operation in addressing India’s requirements in the domain of Short Range Air Defence Systems.
Arch rivals in Indian football- Mohun Bagan Super Giant and East Bengal FC- faced off each other to clinch the Durand Cup finals win. In the match that took place at Kolkata's Vivekananda Yuba Bharati Krirangan, Mohun Bagan SG emerged as winner, defeating East Bengal 1-0, for the first time in twenty three years.
The India Cellular and Electronics Association (ICEA) has announced the establishment of an Indo-US task force for electronics with the aim of increasing trade between the two countries to $100 billion over the next decade. The task force will focus on boosting trade, promoting innovation, creating jobs, and strengthening the partnership between India and the US.
The Union government said that a committee has been formed under the headship of former President of India Ram Nath Kovind, to look into the feasibility of simultaneous polls to State Assemblies and the Lok Sabha. Union Minister for Parliamentary Affairs Pralhad Joshi declared that the committee has been constituted, and that one needed to await its report for any news.
Shri Jyotiraditya M Scindia inaugurated the ‘International Aerospace Conference: Moving Towards Inclusive Global Value Chains’. It was jointly organised by the Ministry of Civil Aviation and Confederation of Indian Industry (CII) on 1st and 2nd September 2023 in Gwalior, Madhya Pradesh.
India’s economy grew at its fastest pace in a year in the April-June quarter, showed the National Statistical Data (NSO). India’s gross domestic product (GDP) grew 7.8% in the past quarter, up from 6.1% growth in the previous quarter and 13.1% in April-June 2022. Reserve Bank of India (RBI) had predicted a growth rate of 8%.
Surgical oncologist R. Ravi Kannan, Director of the Cachar Cancer Hospital and Research Centre (CCHRC) in Assam, is one of the Ramon Magsaysay Awardees for 2023. He is credited with revolutionising cancer treatment in Assam through people-centric and pro-poor healthcare. Dr. Kannan hails from Chennai, where he earlier worked at the Cancer Institute, Adyar.
In a remarkable recognition of visionary leadership and outstanding contributions to the e-commerce technology landscape, N7 – The Nitrogen Platform’s CEO Manoj Bubna has been conferred the prestigious ‘Entrepreneur of the Year 2023’ award by the renowned ‘Entrepreneur India’ business magazine.
Nagaland’s state capital Kohima along with Sikkim’s Namchi have bagged the Zonal Smart City Award for Northeast Zone under India Smart Cities Awards Contest for 2022. Kohima and Namchi cities were among the winning list of 66 smart cities of India. The India Smart Cities Award Contest is organized under the Smart Cities Mission, Union Ministry of Housing& urban affairs.
The Government of India has decided to organise a literacy week from 1st September to 8th September 2023 to celebrate International Literacy Day for generating awareness among all the stakeholders/ beneficiaries/ citizens about the ULLAS- Nav Bharat Saaksharta Karyakram. This vision would popularise the scheme and help attain the goal of making India fully literate.