Indian shuttler B Sai Praneeth has announced his retirement from international badminton. The 31-year-old battled nagging injuries since the Olympic Games in Tokyo and decided to hang his boots due to that. In his 24-year-long career, he won a World Championships bronze medal and represented India at the Tokyo 2020 Olympics.
Indian Coast Guard Ships Samarth and Abhinav departed from Port of Colombo. The visit is seen to further strengthens the maritime cooperation between the two countries’ coast guards. During the entire week that the ships spent at Galle and Colombo, several activities and included professional training for the Sri Lanka Coast Guard on various aspects.
The ships also conducted a Passage Exercise (PASSEX) with the Sri Lanka Coast Guard, enhancing maritime cooperation.This visit is aligned with India's SAGAR doctrine and 'Neighbourhood First' policy, aiming to strengthen camaraderie and interoperability between the two friendly navies.
Union Minister Ashwini Vaishnav launched the Digital Intelligence Platform and CHAKSHU - Report Suspected Fraud Communication Facility on Sanchar Saathi Portal. Digital Intelligence Platform developed by the Department of Telecommunications aims at facilitating coordination among the Stakeholders to Curb the Misuse of Telecom Resources in Cybercrime and Financial Frauds.
Both ‘Chakshu’ and Digital Intelligence Platform (DIP) are backend modules meant for LEAs, banks, TSPs etc. Sanchar Saathi Portal an innovative initiative aimed at empowering mobile subscribers and enhancing their security while increasing awareness of government initiatives.
The Reserve Bank of India has directed IIFL Finance Limited to stop sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans. RBI said the company can, however, continue to service its existing gold loan portfolio through the usual collection and recovery processes.
RBI found serious deviations in assaying and certifying purity and net weight of the gold at the time of sanction of loans and at the time of auction upon default; breaches in Loan-to-Value ratio; significant disbursal and collection of loan amount in cash - far over the statutory limit; non-adherence to the standard auction process; and lack of transparency in accounts.
With no meaningful corrective action taken by the company in the past few months, RBI has notified these restrictions with immediate effect, adding that the same will be reviewed upon completion of a special audit.
On December 7, 2022, the UNGA adopted a resolution and proclaimed March 5 of every year as the 'International Day for Disarmament and Non-Proliferation' awareness. The day seeks to promote better awareness and understanding of disarmament issues among the public, especially young people. The day was first observed in 2023.
The Reserve Bank of India has approved the amalgamation of Fincare Small Finance Bank with Jaipur-based AU Small Finance Bank, effective from April 1, 2024, creating an entity with a balance sheet of over Rs 1.16 trillion.
All the branches of Fincare SFB will function as branches of AU Small Finance Bank with effect from April 1, 2024.
The Competition Commission of India (CCI) had already approved the merger in January 2024. In October last year, the board of directors of AU SFB and Fincare had approved an all-stock merger. This is the first-ever merger in the small finance bank space wherein Fincare shareholders will receive 579 shares of AU for every 2,000 shares held.
India’s unemployment rate dropped to 3.1 per cent in 2023 from 3.6 per cent in the preceding year, reflecting continued improvement in the labour markets, revealed the latest employment-unemployment indicators report released by the National Statistical Office.
During the calendar year 2023, the unemployment rate in both rural and urban areas declined to 2.4 per cent and 5.2 per cent, respectively, from 2.8 per cent and 5.9 per cent in 2022. The unemployment rate for rural women (1.9 per cent) was lower than for rural men (2.7 per cent) in 2023, whereas in urban areas, the rate was higher for women (7.5%) compared to men (4.4%)
The unemployment rate under the so-called ‘usual status’ for persons aged 15 years and above during the one-year period shows a decline for the second consecutive year since 2021 when the NSO report started enlisting data on an annual basis. Annual Periodic Labour Force Survey collects data related to employment and unemployment status in the country between July and June.
The latest survey also showed that the labour force participation rate (LFPR), which defines the share of people either working or actively seeking work in the population, increased significantly to 59.8 per cent in 2023 from 56.1 per cent in 2022 at the national level. The rural LFPR stood at 63.4 per cent in 2023, whereas its urban equivalent rose to 51.4 per cent.
Vehicles manufacturers including Mahindra & Mahindra (M&M), Ola Electric and Tata Motors will get the first mover advantage of benefits under two schemes – production-linked incentive (PLI) and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-II) – under the Ministry of Heavy Industries (MHI).
The objective of the scheme is to encourage Faster adoption of Electric and hybrid vehicle by way of offering upfront Incentive on purchase of Electric vehicles and also by way of establishing a necessary charging Infrastructure for electric vehicles. FAME II total outlay is Rs 10000 Crores
over the period of three years is implemented with effect from 1st April 2019.
Nvidia Corp. has claimed another milestone by overtaking Saudi Aramco in market value, making the chipmaker the world’s third-most valuable public company after Apple Inc. and Microsoft Corp. The company was closing above the $2 trillion mark for the first time. Meanwhile, Aramco’s value dipped to $2.03 trillion, according to data compiled by Boomerang.
State-owned Punjab National Bank (PNB) announced a partnership with online travel tech platform EaseMyTrip to launch a co-branded credit card. This power-packed co-branded travel credit card is aimed at mass to premium customer segments and has been meticulously designed to offer a variety of rewards for Indian travellers.
Defence Minister Rajnath Singh launched the Acing Development of Innovative Technologies with iDEX (ADITI) scheme to promote innovations in critical and strategic defence technologies. Under the scheme, start-ups are eligible to receive grant-in-aid of up to Rs 25 crore for their research development and innovation endeavours in defence technology.
Rating agency Moody's raised its forecast for India's GDP growth in 2024 from 6.1% to 6.8%, reflecting both global and domestic optimism in the country's economy on the back of robust manufacturing activity and infrastructure spending in its Global Macro Outlook 2024-25.
Puneri Paltan emerged victorious in the Pro Kabaddi League Season 10 final, defeating Haryana Steelers 28-25 in a nail-biting encounter here at the Gachibowli Indoor Stadium. This win marks the Pune-based team’s first-ever title. Pankaj Mohite starred with 9 points in a closely fought encounter.
There are a total of 12 teams in PKL Season 10:
Bengal Warriors
Bengaluru Bulls
Dabang Delhi K.C.
Gujarat Giants
Haryana Steelers
Jaipur Pink Panthers
Patna Pirates
Puneri Paltan
Tamil Thalaivas
Telugu Titans
U Mumbai
U.P.Yoddhas
