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The Union Cabinet announced that the Public Sector companies will have 12 months to monetise (convert something into or express in the form of currency ) non-core assets identified by a ministerial panel headed by the finance minister. On failing, the finance ministry may restrict budgetary allocations to the Central Public Sector Enterprises (CPSEs).
The Department of Investment and Public Asset Management (DIPAM) issued guidelines for monetisation of non-core assets of CPSEs and... Read More
India is working closely with the U.S. to ensure that two upcoming deadlines in early May, for the extension of the Iran oil sanctions waive and the final decision on withdrawing India’s preferential Generalised System of Preferences (GSP) status, end positively for the government. While the decision on the GSP could be deferred until after elections, the discussions on the Iran oil sanctions waiver have indicated an extension is likely, with India allowed a lower quantity of oil... Read More
International Cricket Council (ICC) Cricket for Good in partnership with UNICEF announced #OneDay4Children, a tournament-wide campaign focussed on bringing the world of cricket together as one team to help build a better world for every child, at the 2019 World Cup.
The campaign was launched by Former England batsman and #OneDay4Children ambassador Nasser Hussain along with all-rounder Chris Woakes.
There will be #OneDay4Children (#OD4C) activity throughout all 48 matches of the... Read More
The 8th edition of Home Expo India 2019 opened at India Expo Centre and Mart, Greater Noida.
The three-day exhibition has been organized by the Export Promotion Council for Handicrafts (EPCH).
Home Expo India covers sectors with maximum thrust and growth potential in home décor, furnishing, furniture, flooring, and textiles.
About Home Expo India 2019
Rakesh Kumar, Director General – EPCH, O.P. Prahladka, Chairman- EPCH, Ravi K. Passi, Vice Chairman-EPCH, and prominent... Read More
Google has opened an Artificial Intelligence (AI) research lab in Ghana’s capital Accra, reportedly the first of its kind in Africa, to take on challenges across the continent.
The lab would develop solutions in areas including agriculture, like helping in diagnosing certain types of crop disease.
Using Google’s AI machine app ‘TensorFlow’, farmers analyze the issue with their plants and boost their production. TensorFlow was outsourced by the company to help... Read More
Himachal Pradesh celebrated 72nd Himachal Day on 15th April. Himachal Day is celebrated to commemorate its creation.
The genesis of the Himachal Day Before independence, most of the areas of Himachal Pradesh was part of Punjab state and during that time this region was divided into four different regions such as Chamba, Mandi, Shimla, etc.
After the independence, in 1948 the state was declared as a union territory. On the 15th April Chief... Read More
Iran’s lawmakers approved a bill labeling U.S. forces in West Asia (Middle East) as terrorist. This move comes a day after the U.S. terrorism designation for Iran’s Revolutionary Guard formally took effect.
Iran's Defense Minister Gen. Amir Hatami introduced the bill authorizing the government to act firmly in response to terrorist actions by U.S. forces. It demands authorities use legal, political and diplomatic measures to neutralize the American move, without... Read More
The Supreme Court has banned all mining activities along the Kaziranga National Park and catchment area of rivers originating in Karbi Anglong Hills in Assam.
The ban was ordered as per the recommendations of the Central Empowered Committee (CEC).
Mining was continuing in the Karbi Anlong hills despite the Supreme Court ban in 1996 and in violation of the Forest Conservation Act, 1980, resulting in environment degradation and habitat destruction in an important elephant and tiger... Read More
The Ministry of External Affairs has set up an Indo-Pacific division in the foreign office. The Indo-pacific division is intended to give a coherent architecture to the Indo-Pacific policy. The policy was articulated by PM Narendra Modi at the Shangri-La Dialogue in 2018. In India, the policy will be run by the MEA.
About Indo-Pacific Wing:
The Indo-Pacific Wing is currently headed by joint secretary Vikram Doraiswami
The Indo-Pacific Wing will integrate the Indian Ocean Rim... Read More
Asian Development Bank (ADB) committed a total of USD 3.88 billion, including sovereign loans and co-financing to India during the year ended December 2018.
This is the highest level of assistance since sovereign operations began in the country in 1986.
Private sector operations reached USD 3.14 billion, a 37 per cent increase from 2017, which is 14.5 per cent of ADB's overall commitment.
Projects Committed by ADB in India:
ADB committed several projects in India, including in Bihar,... Read More
India became a net importer of steel in the fiscal year 2018-2019 that ended on 31 March for the first time in 3 years, as the 25% import duty on steel products imposed by the US diverted supplementary supplies to India.
India’s steel imports increased by 4.7% to 7.84 million tonnes in 2018-19 from 7.48 million tonnes a year earlier.
Exports fell by 34% to 6.36 million tonnes from 9.62 million tonnes over.
About India Steel Company
The iron and steel industry is one of the most... Read More
Reserve Bank of India put into circulation 50 rupees denomination banknotes signed by its Governor Shaktikanta Das.
RBI in Mumbai approved the design of these notes is similar in all respects to 50 banknotes in Mahatma Gandhi new series.
About Reserve Bank of India
Founder: British Raj
Founded: 1 April 1935, Kolkata
Reserve: 28.37 lakh crores INR (US$380 billion)
Governor: Shaktikanta Das
Subsidiary: National Housing Bank
United Nations (UN) owes India USD 38 million, the highest it has to pay to any country, for the peacekeeping operations as of March 2019.
In a report on improving the financial situation of the world body, as of March 31, 2019, the total amount payable to troop- and police-contributing countries with respect to active peacekeeping missions was USD 265 million.
Of this, the UN owes USD 38 million to India, followed by Rwanda (USD 31 million), Pakistan (USD 28 million), Bangladesh (USD 25... Read More
Punjab National Bank (PNB) appointed Rajesh Kumar Yaduvanshi as the Executive Director of the bank.
Rajesh Kumar Yaduvanshi joined PNB as a management trainee in 1985.
He is equipped with an experience of 34 years in the banking career and is a certified associate member of Indian Institute of Bankers. In the past, he had worked with Dena Bank in the capacity of the Executive Director.
He holds a doctorate in science from Indian Agricultural Research Institute, (IARI) New Delhi.
About... Read More
Fincare Small Finance Bank (SFB) honoured with the prestigious Celent Model Bank 2019 Award in Financial Inclusion category, for ‘Redesigning Lending to Reach Small Businesses’.
The award recognizes LAP (Loans against Property) D.Lite, which is a tab-based solution designed and developed in-house by Fincare SFB for instant underwriting of loans against property targeted at micro and small enterprises.
The Award was announced on its 12th anniversary in 2019 and was organized by... Read More
World Haemophilia Day was started in 1989 by the World Federation of Hemophilia (WFH) which chose to bring the community together on April 17 in honour of WFH founder Frank Schnabel’s birthday.
April 17, 2019, marks the 30th World Hemophilia Day
World Hemophilia Day theme for the year 2019 is ‘Outreach and Identification’.
It will be observed with the slogan – ‘Reaching Out: The First Step to Care’.
Haemophilia is a condition in... Read More
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