The Banks Board Bureau (BBB) recommended names of Ashwini Bhatia, M V Rao and P P Sengupta for the post of managing director of three state-owned lenders — State Bank of India, Central Bank of India and Indian Overseas Bank, respectively. Bhatia and Sengupta…
read moreMHA issues new guidelines includes Phased re-opening of all activities outside Containment Zones (Unlock 1) with strict enforcement of lockdown in Containment Zones. Ministry of Home Affairs (MHA) issued new guidelines today, for phased re-opening of areas outside the Containment Zones. The guidelines…
read moreLed by a sharp drop in tax revenue, India’s Fiscal deficit increased sharply to 4.6% of GDP in 2019-2020, from a last time revised target of 3.8%. The Fiscal deficit as a percentage of GDP exceeded 4.5% was in 2012-13, when it…
read moreThe Indian economy grew at a rate of 3.1% in the fourth quarter of the last fiscal year, with the publication of Q4 GDP growth rate data MOSPI, the entire period growth rate of 2019-2020 pegged at 4.2%. The government also reduced…
read moreAccording to the Japanese culture, everyone has IKIGAI. It indicates the value that is in your life or the things that make someone feel that your life is precious. It refers to the mental and spiritual circumstances that make you feel that…
read moreThree-time Olympic champion and one of the best hockey players in history, Balbir Singh Dosanjh died on Monday morning after a long illness. He was known as Balbir Singh Sr to everyone, the 95-year-old man was hospitalized on May 8 after complaining…
read moreMonetary policy refers to the policy of the central bank regarding the use of monetary instruments under its control to achieve the objectives specified in the law. The Reserve Bank of India (RBI) is responsible for implementing the monetary policy. This responsibility…
read moreReliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, announced today that KKR will invest rupees. Rs 11,367 million on Jio platforms. This transaction values Jio platforms with a capital value of Rs.4.91 lakh crore and a company value…
read moreIn his third speech since the start of the coronavirus-induced lockdown on March 25, the Governor of the Reserve Bank of India (RBI) Shaktikanta Das today reduced the Repo rate by 40 basis points to 4% and also also extended the moratorium…
read moreThe US Food and Drug Administration has issued an emergency use authorization for Remdesivir, an investigational antiviral drug. With this authorization, physicians in the United States are now authorized to use the medication to treat patients with severe cases of COVID-19. Remdesivir…
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