Re-capitalisation of Public Sector Banks (PSBs) and Comprehensive Reform Plan unveiled by the Government of India on 24 January 2018, includes Rs.80000 crore through Recap Bonds and Rs.8139 crore as budgetary support to address regulatory capital requirement of all PSBs and provide a significant amount towards growth capital for increasing lending to the economy.
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Stephen Hawking, famed for his work on black holes and relativity, was Britain’s most famous modern day scientist, a genius who dedicated his life to unlocking the secrets of the Universe. Hawking was born on January 8, 1942, became disabled at 21 – in 1963 diagnosed with Amyotrophic Lateral Sclerosis (ALS) - an incurable motor neurone disease, and was given two years to live. He survived this t...
Blockchain is an incorruptible digital ledger of economic transactions that uses data structure to simplify the way we transact and can be programmed to record not just financial transactions but virtually everything of value. It is a more secure way to carry out transactions, as a Bank's ledger is connected to a centralised network. Experts believe that Blockchain architecture can significantly...
NIC-CERT (Computer Emergency Response Team), a dedicated body to detect, prevent and mitigate the impact of cyber-attacks on the National Informatics Centre (NIC), was inaugurated on 11 December 2017 by Ravi Shankar Prasad, Union Minister of Law & Justice and Electronics & Information Technology. NIC has a key role in e-governance at the National, State and District levels. Almost all In...
Rolling out of e-Sansad and e-Vidhan in Parliament and State Legislatures has been proposed to digitize and make their functioning paperless. This was announced by Parliamentary Affairs Minister Ananth Kumar after inaugurating the 18th All India Whips’ Conference in Udaipur on 8 January, 2018.
Budget strengthens the foundation of New India in the words of Prime Minister Narendra Modi and is expected to give a boost to the hopes and aspirations of 125 crore people and to accelerate development process of the country. The New India Budget is a farmer-friendly, common citizen friendly, business environment friendly and development friendly. It goes beyond 'Ease of Doing Business' and foc...
Foreign Direct Investment (FDI) has been further liberalized in key sectors including Single Brand Retail Trading (SBRT) and Construction Development, as the Union Cabinet chaired by the Prime Minister Shri Narendra Modi on Wednesday January 10, 2018 approved amendments intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. It has been felt tha...
Foreign Direct Investment (FDI) has been further liberalized in key sectors including Single Brand Retail Trading (SBRT) and Construction Development, as the Union Cabinet chaired by the Prime Minister Shri Narendra Modi on Wednesday January 10, 2018 approved amendments intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. It has been felt tha...
Prime Minister Narendra Modi while addressing ASEAN Business & Investment Summit in Manila on 13 November 2017 vowed to bring India’s economic and business ties with the region up to the level of their exceptionally good political and people-to-people relations, stating that the Act East policy of his government puts ASEAN region at the centre of engagement. He expected that the ASEAN business community reco...
INS Sagardhwani, Kochi based, Marine Acoustic Research Ship (MARS), owned and maintained by the Naval Physical and Oceanographic Laboratory (NPOL), a Defence Research & Development Organisation (DRDO) laboratory, has recently joined an international campaign to revisit the first major interdisciplinary oceanographic research programme, International Indian Ocean Exploration (IIOE),Continue Reading...