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The markets regulator Securities and Exchange Board of India (SEBI) introduced enhanced disclosure guidelines for credit rating agencies (CRA). SEBI asked the rating companies to disclose the probability of default for the issuers they rate, troubled by the raters’ track record of detecting defaults or near-defaults.
Reason for the move:
Since the global financial crisis in 2008, the credibility of the rating agencies has been eroding because of the conflict of interest that arises... Read More
Author Amitav Ghosh was conferred the 54th Jnanpith Award. He was awarded for his contribution to the enrichment of Indian literature in English at a ceremony. The award was presented by the former governor of West Bengal Gopalkrishna Gandhi in New Delhi on 13 June. Amitav Ghosh is the first English writer to get this prestigious Jnanpith Award
Amitav Ghosh is an Indian writer. He is best known for his work in English fiction. In 2007, the government of India... Read More
The first session of the 15th Andhra Pradesh Legislative Assembly as the senior leader of YSR Congress Party Tammineni Sitaram unanimously elected as the Speaker of the Assembly.
Chief Minister Y. S. Jagan Mohan Reddy congratulated Tammineni appealed to protect the parliamentary democracy.
The 15th Andhra Pradesh Legislative Assembly’s first session preferred by the government with elected legislators being administered the oath of affirmation
Protem Speaker S. Appala Naidu... Read More
Badshah of Bollywood Shahrukh khan to lead the Indian Film Festival of Melbourne as the chief guest to celebrate ‘courage’ as its central theme.
The Indian Film Festival Melbourne is back for its 10th edition in the cultural city.
The IIFM along with the other festival guests and in the company of Victorian Premier Daniel Andrews and festival director Mitu Bhowmick Lange.
This event has grown significantly over the past decade and with the extraordinary Shah Rukh... Read More
Turkey announced that it will not back down from its decision to buy Russian S-400 missile defense systems despite U.S.'s ultimatum. This has created tension between Ankara and Washington, the NATO allies.
The S-400s are not compatible with NATO’s defense systems. US said it would compromise its F-35s, which Turkey also plans to buy. Turkey has proposed that the allies form a working group to asses the impact of the S-400s, but has yet to receive a response from the United... Read More
Chinese President Xi Jinping was conferred with Manas Order of the First Degree, the highest national award in Bishkek, Kyrgyzstan. He was awarded during visit to Kyrgyzstan before the SCO summit. President Xi said that the honour has fully demonstrated the relationship between both the countries and people.
China plan to partner with Kyrgyzstan to deepen traditional friendship between the two countries and also towards pushing forward Kyrgyzstan-China comprehensive strategic... Read More
Gymnastics Federation of India announced the Indian team for the Senior Asian Artistic Gymnastics Championships
It is to be held in Ulaanbaatar, Mongolia from June 19 to 22.
The four men and four women senior gymnasts selected for the prestigious tournament after Sports Authority of India (SAI) agreed to GFI's proposal of holding open trials at IG Stadium.
Men team comprises Rakesh Kumar Patra (rings and parallel bars), Yogeshwar Singh (floor and vault), Debang Dey (pommel horse)... Read More
EducationUSA launched an app in collaboration with the United States India Educational Foundation
The app is available on both Android and iOS platforms for free
The US embassy launched a mobile application that gives comprehensive and latest information about studying in the United States.
The main aim is at students who may not be geographically centred in India
It helps students with information about studying in the country.
The app EducationUSA launched in collaboration... Read More
The day is celebrated to raise awareness of the need for safe blood and blood products and to thank blood donors.
The theme is - Blood Donation and Universal Access to Safe Blood Transfusion
The main aim is to use as a component of achieving universal health coverage.
The theme encourages more people all over the world to become blood donors and donate blood regularly.
It is an important occasion for all governments, national health authorities and national blood services... Read More
ISRO unveiled plan to set up its own space station in seven years. ISRO is to set up a very small and a separate space station. It will not be a part of the International Space Station (ISS). The project will be an extension of the Gaganyaan mission, which aims to send an Indian crew to space in 2022.
The weight of the space station will be around 20 tonnes. ISRO's proposal will be sent to the government for approval by 2022 after the first Gaganyaan mission. the mission is... Read More
On the occasion of Eid ul Fitr, Oman’s Sultan Qaboos bin Said al Said granted a royal pardon to 17 Indians serving various jail sentences in Oman.
Indian Embassy in Oman and External Affairs Minister S Jaishankar appreciated the merciful gesture of Oman’s Sultan.
India - Oman Relations
India–Oman relations are between the Republic of India and the Sultanate of Oman.
India has an embassy in Muscat, Oman.
It was opened in Muscat in February 1955
To... Read More
Prmie Minister Modi met the Chinese President Xi Jinping on sidelines of the Shanghai Cooperation Organisation (SCO) summit. In the meeting both the leaders agreed that the approach to the border issue should be constructive.
Mr. Xi suggested the need for regional cooperation and connectivity. After the Wuhan informal summit, both the countries has expanded theier ties. Bangladesh-China-India-Myanmar (BCIM) economic corridor stands as the best example.
The discussion focused on cooperation... Read More
Centre has reduced the employer’s and employee’s contribution under the Employees’ State Insurance (ESI) Act. It will be effective from July 1. ESI Act gives insured workers medical benefits among other facilities.
The move aimed at benefiting 36 million insured persons and 1.3 million organizations.
It will also formalise the informal workforce in India.
It will expand the social security coverage and facilitate further enrolment of workers under the... Read More
Central government plans to launch a village-level campaign to enroll an additional one crore farmers in Kisan Credit Card (KCC) scheme over the next 100 days,The scheme urged States to ensure wider coverage of the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-Kisan) and pension schemes Currently, there are about 6.92 crore KCC holders. Around 14.5 crore operational landholdings farmers eligible for an agricultural loan of up to ₹1.6 lakh. Among the major States that have poor KCC penetration... Read More
Dell emerged as the most trusted brand in India in 2019, according to the report of TRA Report 2019.
Around 31% Brand Trust Index (BTI) difference from Dell, an auto brand Jeep attained a dramatic entry in the second spot. LIC and Amazon ranked on third and fourth spots .
Apple and iPhone emerged as India’s fifth most trusted brand.
Samsung at the sixth spot and it is top among mobile phones.
LG’s televisions are the leader and occupied the 7th position in the list.
The eighth... Read More
Indian actress Priyanka Chopra with the Danny Kaye Humanitarian Award at the United Nations Children's Fund (UNICEF)Snowflake Ball in the month of December.
The event will be held on December 3 in New York.
She is a UNICEF Goodwill Ambassador.
She visited Ethiopia last month.
She is known for her contribution to social causes
She will raise her voice for children’s education.
India to raise awareness against child welfare.
She is also to improve the education, health and... Read More
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