The Securities and Exchange Board of India (Sebi) is contemplating the implementation of a same-day settlement cycle, known as T+0, in two phases. This is seen as a preliminary step towards instantaneous settlement.
The shorter T+0 settlement cycle is being considered for the equity cash segment as an optional mechanism, in addition to the current T+1 (Trade plus one day).
French President Emmanuel Macron will be the chief guest at the Republic Day celebrations next January, the Ministry of External Affairs (MEA) announced.
Mr. Macron has acknowledged the invite and announced that he will be here on January 26 for the festivities.
Macron is the sixth French leader who will be the chief guest at the 2024 Republic Day parade.
Egypt's President Abdel Fattah al-Sisi was the chief guest at the 2023 Republic Day.
National Farmers’ Day, also known as ‘Kisan Diwas’, is observed every year on December 23.
It commemorates the occasion as it marks the birth anniversary of former prime minister Chaudhary Charan Singh who belonged to Uttar Pradesh and worked for the welfare of farmers of the nation.
2023 theme: is 'Delivering Smart Solutions for Sustainable Food Security and Resilience'.
Arunachal State Rural Livelihoods Mission (ArSRLM) has inked an MoU with State Bank of India (SBI) to expedite the SHG Bank Linkage on Savings, Credit, Insurance & Remittances for 12000 self help groups (SHGs) promoted under the Deendayal Antyodaya Yojana National Rural Livelihood Mission (DAY-NRLM) in Arunachal Pradesh.
RBI issued a draft omnibus framework for self-regulatory organisations (SROs) for banks, NBFCs and other entities regulated by it.
In order to be eligible to apply for an SRO license, the applicant shall set up a not-for-profit company with adequate net worth and the ability to create infrastructure to discharge various responsibilities on a continuing basis.
Crompton Greaves Consumer Electricals Ltd. (CGCEL), one of India's leading consumer electrical companies, has been conferred with the prestigious National Energy Conservation Award 2023.
The honor was conferred by the President of India, Droupadi Murmu and the Ministry of Power through its body viz. Bureau of Energy Efficiency (BEE).
Private sector lender ICICI Bank Ltd on December 20 said it has received approval from the Reserve Bank of India (RBI) for the re-appointment of Sandeep Batra as executive director effect from December 23, 2023, to December 22, 2025.
Earlier, an instalment of ₹ 72,961.21 crore was released on December 11, 2023. This is in addition to the tax devolution which is due to the States on January 10, 2024.
Of this latest ₹72,961.21 crore installment disbursed, the largest share has gone to Uttar Pradesh at ₹13,088.51 crore, followed by Bihar at ₹7,338.44 crore and Madhya Pradesh at ₹5,727.44 crore.
India’s foreign exchange (FX) reserves rose for the fifth time in the week ending December 15, touching an over 20-month high of $615.97 billion- the highest level since March 2022.
In the previous week ended December 8, reserves had risen by $2.82 billion to $606.86 billion, as per the Reserve Bank of India (RBI) data.
They had touched an all-time high of $645 billion in October 2021.
The SASTRA-Ramanujan Awards for 2022 and 2023 were presented, respectively, to Yunqing Tang and Ruixiang Zhang, both mathematicians at the University of California in Berkeley, at the SASTRA campus in Kumbakonam.
The award, instituted by SASTRA in 2005, with a cash prize of USD 10,000 and a citation, is presented annually to individuals aged 32 and below.
NASA has achieved a new benchmark in developing an innovative propulsion system called the Rotating Detonation Rocket Engine (RDRE).
Engineers at NASA’s Marshall Space Flight Center in Huntsville, Alabama, successfully tested a novel, 3D-printed RDRE for 251 seconds (or longer than four minutes), producing more than 5,800 pounds of thrust.
India’s new High Commissioner to Sri Lanka Santosh Jha has assumed charge and presented his credentials to President Ranil Wickremesinghe.
Jha replaces Gopal Baglay, who has been appointed as the next High Commissioner of India to Australia.
Jha, a senior diplomat, was India’s Ambassador to the European Union, Belgium & Luxembourg before taking up his assignment here.
The World Health Organisation (WHO) has said that over one million children in Afghanistan are facing severe malnutrition.
As per WHO Director-General Tedros Adhanom Ghebreyesus the country needs $ 185 million to fight against malnutrition.
He also wrote on X that 30 per cent of the total Afghanistan population faces acute food insecurity.