RBI imposed a monetary penalty of ₹1.00 lakh on Rahimatpur Sahakari Bank Ltd., Rahimatpur, Dist. Satara, (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts- Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers conferred under the the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Rahimatpur Sahakari Bank Ltd., Rahimatpur, Dist. Satara, (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts- Primary (Urban) Co-operative Banks’.
India has launched Operation Ajay to facilitate the return from Israel of its citizens who wish to return.
In view of the ongoing developments in Israel and Palestine, a 24-hour Control Room has been set up in the Ministry of External Affairs to monitor the situation and provide information and assistance.
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Gadhinglaj Urban Co-operative Bank Ltd., Gadhinglaj (the bank) for contravention of Section 26A read with Section 56 of the Banking Regulation Act,1949 (BR Act) and Know Your Customer Directions issued by RBI.
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹4.50 lakh (Rupees Four lakh Fifty thousand only) on The Kalyan Janata Sahakari Bank Limited, Kalyan, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rates on Deposits’ and ‘Maintenance of Deposit Accounts’.
UP bagged the third prize in operationalising telemanas- using tele technology for mental health and counselling - on the National Mental Health Day.
The award was given by ministry of health and family welfare, Government of India.
The India-European Union (EU) Trade & Technology Council (TTC) Working Group 2 (WG2) convened a two-day international workshop on “Green & Clean Energy Technologies” during October 10-11, 2023.
The workshop was organized by the Office of Principal Scientific Adviser to the Government of India and hosted by the Ministry of New and Renewable Energy (MNRE) in hybrid mode.
World Sight Day observed annually on the second Thursday of October, is a global event meant to draw attention to blindness and vision impairment.
This year it falls on 12th October.
'LOVE YOUR EYES AT WORK' is the theme of this year's World Sight Day.
The Centre approved royalty rate for lithium, niobium, and for Rare Earth Elements (REEs). For lithium and nobium a royalty rate of 3% each has been fixed, while for Rare Earth Elements (REEs), the rate has been set at 1%.
The royalty rate approval will allow the Centre to auction lithium, niobium and REEs blocks for the first time in the country.
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved amendment of Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) for specifying rate of royalty in respect of 3 critical and strategic minerals, namely, lithium, niobium and Rare Earth Elements.
Recently, the Mines and Minerals (Development and Regulation) Amendment act, 22023 was passed by the Parliament, which has come into force from 17th August, 2023. The Amendment, among other things, delisted six minerals, including Lithium and Niobium, from the list of atomic minerals, thereby allowing grant of concessions for these minerals to private sector through auction
Further, the amendment provided that mining lease and composite license of 24 critical and strategic minerals (which are listed in Part D of the First Schedule of the Act), including Lithium, Niobium and REEs (not containing Uranium and Thorium), shall be auctioned by the Central Government.
Union Cabinet has approved Memorandum of Understanding between India and Papua New Guinea on cooperation in the field of sharing successful Digital Solutions implemented at Population Scale for Digital Transformation.
The MoU shall come into effect from the date of signature of the Parties and shall be remain in force for a period of 3 years.
The Union Cabinet chaired by Prime Minister Narendra Modi has approved a Memorandum of Understanding (MoU) between India and France on cooperation in the field of digital technologies.
The cooperation under this MoU will start on the date of its signature by both participants and will last five years.
VJ Kurian has been appointed as the non-executive part time chairman of the Thrissur based South Indian Bank with effect from November 2 to March 22, 2026.
Kurian will succeed Salim Gangadharan, who will be retiring as non-executive part-time chairman of the bank on November 1 after completion of his term.
Norwegian consumer goods company Orkla has re-organised its top management operations in India. Orkla has also restructured MTR’s operations into three business units: MTR, Eastern, and International Business (IB). Each of these verticals will have their own independent chief executive officers who will report to Sanjay Sharma, CEO, Orkla India.
In the year 2007, Orkla India acquired MTR Foods.Q
Mera Yuva Bharat (MY Bharat), an autonomous body will benefit the youth in the age group of 15-29 years, in line with the definition of ‘Youth’ in the National Youth Policy.
In case of programme components specifically meant for the adolescents, the beneficiaries will be in the age group of 10-19 years.
The Mera Yuva Bharat will be launched on 31st October.
Mangalore Refinery and Petrochemicals Ltd (MRPL) has won the ‘Best Innovation in Refinery’ award from the Union Ministry of Petroleum and Natural Gas.
MRPL has secured the award for 2022-23 for the second consecutive year amid stiff competition from IOCL, BPCL, and HPCL.
This award is based on a patent for an energy-efficient hydrocarbon distillation process.
The Ministry of Social Justice and Empowerment has launched the 'Scheme for Residental Education for Students in High School in Targeted Areas' (SHRESHTA).
It has been introduced to advance education and uplift the socio-economic status of scheduled castes.