General Insurance Corporation is going to start operations at the Lloyd’s London office in April 2018 thereby increasing its share of international business.
This will also facilitate Indian becoming a regional reinsurance center.
This will help GIC Re increase its share of international reinsurance business. The company had received approval to set up a syndicate at Lloyd’s of London in December 2017. GIC Syndicate 1947 will be the first Lloyd’s syndicate to be backed solely by capital from an Indian reinsurance group.
The Ministry of Agriculture and Farmers’ Welfare and Ministry of Skill Development and Entrepreneurship have signed MoU to conduct skill development training programmes for agriculture and allied sector.
These skill development training programmes will be conducted at Krishi Vigyan Kendra (KVKs).
The MoU will help to increase cooperation between both ministries and help in fulfilling Government’s dream of “Kaushal Bharat-Kushal Bharat”.
KVK is a project of ICAR (Indian Council of Agricultural Research) for testing and transfer of Agricultural technologies at the grassroots level.
Renowned Hindi poet and critic Kedarnath Singh passed away at the age of 83. Prof.
He was the former professor and chairperson of the Department of Hindi Language at the Centre for Indian Languages at Jawaharlal Nehru University.
Prof. Singh was a recipient of the Jnanapeeth award in 2013.
He won the Sahitya Akademi award in 1989 for his poetry collection Akaal Mein Saras.
The Donald Trump administration banned all use by Americans of Venezuelan cryptocurrency (Petro) that its introduction is intended to skirt U.S. sanctions.
The prohibition applies to all people and companies subject to U.S. jurisdiction. In February 2018, cash-strapped Venezuela became the first country to launch its own version of bitcoin, the petrol.
Myanmar's President and Aung San Suu Kyi's right-hand man Htin Kyaw stepped down after two years in the position.
As per the official report, a new leader would be selected “within seven working days”.
The Ministry of Mines organized the 3rd National Conclave on Mines & Minerals in New Delhi.
The event was inaugurated by the Minister of Mines, Narendra Singh Tomar.
Federation of Indian Mineral Industries (FIMI) has agreed to partner in the event.
A portal on Pradhan Mantri Khanij Kshetra Kalyan Yojna (PMKKKY) scheme was also launched on the occasion.
India and Hong Kong signed a double taxation avoidance agreement (DTAA) that seeks to improve transparency in tax matters and help curb tax evasion and avoidance.
The agreement between India and the Hong Kong Special Administrative Region (HKSAR) of the People's Republic of China was signed by Indian Ambassador to China Gautam Bambawale and Hong Kong Finance Secretary Paul Chan Mo-Po in Hong Kong.
General President-elect Manoj Kumar Chakrabarti announced that the 106th edition of the Indian Science Congress will be held in January 2019 at Barkatullah University Bhopal, Madhya Pradesh.
The theme for 2019 ISC will be “Future India: Science & Technology”.
Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Mr. Ananthkumar announced that the Government of India approved the setting up of a Plastic Park in Deoghar District, Jharkhand.
The project would be set up at a cost of Rs. 120 crores in an area of 150 acres.
Mr. Ananthkumar also announced the setting up of Rs. 3.5 crore Plastic Recycling unit at Deoghar to tackle the menace of plastic waste being generated due to the place being a tourist attraction.
India's largest lender State Bank of India SBI and India Mortgage Guarantee Corporation (IMGC) signed a pact to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers.
The offering will help increase home loan eligibility up to 15% within the regulatory norms.
The MoU between SBI and IMGC is a strategic initiative which will enable to improve housing loan volumes in the non-salaried segment.