French beauty giant L'Oréal has appointed Amit Jain as its new India Managing Director, making him the first Indian to lead its operations in the country.
He succeeds Jean-Christophe Letellier who, after five years in the role, will take up a new position within L'Oréal Group.
Jain has 30 years of experience with companies such as Coca-Cola, Viacom and AkzoNobel.
The Small Industries Development Bank of India (SIDBI), a premier financial institution for the promotion, financing and development of the Micro, Small and Medium Enterprise (MSME) sector, in joint venture with TransUnion CIBIL, a Credit Information Company, has released the second edition of MSME Pulse, a quarterly report on MSME sector.
The total on-balance sheet commercial lending exposure in India stood at Rs.54.2 lakh crores, as of March 2018 with Micro and SME segment constituting Rs.12.6 lakh crores, which contributes to ~23% of commercial credit outstanding.
High growth in New-to-credit (NTC) showed the positive impact of GST.
The housing loan limits for eligibility under priority sector lending will be revised to Rs 35 lakh in metropolitan centres Rs 28 lakh earlier (with population of ten lakh and above), and to Rs 25 lakh from Rs 20 lakh earlier in other centres, provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed Rs 45 lakh and Rs 30 lakh, respectively.
The existing limit for family income of Rs 2 lakh per annum for loans to housing projects for home construction economically weaker sections and low income groups, is revised to Rs 3 lakh per annum and Rs 6 lakh per annum respectively in alignment with the income criteria specified under the Pradhan Mantri Awas Yojana.
Under "Adopt a Heritage Scheme", three MoUs have already been signed and six are at an advanced stage and 31 more Adarsh Monuments are enlisted for coverage under the scheme.
The scheme is being implemented by the Ministry of Tourism, Ministry of Culture and Archaeological Survey of India.
The four MoUs include: 1. Mount Stok Kangri Trek Route, Ladakh
2. Gangotri Temple Area & Trail to Gaumukh, Uttarakhand
3. Red Fort, Delhi
4. Gandikota Fort, Andhra Pradesh
The Union ministry of health and family welfare launched the National Health Resource Repository (NHRR), the first ever registry in the country registry of authentic, standardised and updated geo-spatial data of all public and private healthcare.
The Indian Space Research Organisation (ISRO) is the project technology partner for providing data security.
It was launched by Union Health Minister J P Nadda.
To honour soldiers who have been disabled in line of duty, while serving the Nation and to celebrate the undying spirit of ‘Soldiering’, Indian Army is observing the year 2018 as the ‘Year of Disabled Soldiers in Line of Duty’.
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the continuation of the Three Year Action Plan (2017-2020) of the scheme for Agricultural Education Division and ICAR Institutes with an outlay of Rs.2225.46 crore.
It comprises of:
"Strengthening and Development of Higher Agricultural Education in India - Rs. Rs.2050.00 crore;
ICAR-National Academy of Agricultural Research Management (NAARM) - Rs. 24.25 crore and
ICAR - Central Institute of Women in Agriculture (CIWA) including All India Coordinated Research Project on Home Science (AICRP-HS) - Rs.151.21 crore.
Microsoft announced that it has signed an agreement to acquire Bonsai, an artificial intelligence (AI) startup based in San Francisco, to boost its AI and machine learning capabilities.
Based in Berkeley, California, Bonsai was founded in 2014 and has around 42 employees.
On the occasion of International Yoga Day on June 21, More than 1 lakh people together performed Yoga in Rajasthan's Kota to create Guinness World Record.
CM Vasundhara Raje Scindia was present at the venue along with Yoga guru Ramdev, who conducted the yoga session.
Earlier, 55,000 people of Mysore held the record of the largest crowd performing yoga.
For outstanding contribution for promotion and development of yoga, Vishwas Mandalik from Nasik and the Yoga Institute in Mumbai have been selected as the recipients of the prime minister's award.
The award for 2017 was won by Ramamani Iyengar Memorial Yoga Institute, Pune.