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World Bank endorses Country Partnership Framework for India's transition to high-middle income nation
World Bank board has approved ambitious five-year Country Partnership Framework (CPF) for India that is in line with Government of India’s objectives of high, sustainable and inclusive growth. The framework is aimed at supporting India’s transition to higher middle-income country ..
Month: Current Affairs - September, 2018
Fitch raises India's GDP forecast to 7.8% from 7.4% for FY19
Fitch Ratings in its Global Economic Outlook has revised up India’s growth forecast for current fiscal year (2018-19) to 7.8% from 7.4% projected earlier. However it has flagged tightening of financial conditions, weak bank balance sheets and rising oil bill ..
Month: Current Affairs - September, 2018
Anil Kumar Chaudhary appointed as new Chairman of Steel Authority of India Ltd
The Appointments Committee of the Cabinet (ACC) chaired by Prime Minister Narendra Modi has appointed Anil Kumar Chaudhary as new Chairman of Steel Authority of India Ltd. He will in office till his superannuation in December, 2020. He will succeed ..
Month: Current Affairs - September, 2018
IPPB ties up with Bajaj Allianz to offer life insurance products
State-owned India Post Payments Bank (IPPB) and private life insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) have entered into strategic partnership to provide life insurance solutions. It will allow IPPB customers across segments to access wide array of life ..
Month: Current Affairs - September, 2018
PM lays foundation stone of India International Convention and Expo Centre in New Delhi
Prime Minister Narendra Modi laid foundation stone of India International Convention and Expo Centre (IICC) in Sector 25, Dwarka, New Delhi. On completion, it will be biggest indoor exhibition space in India and also rank among the top 10 in ..
Month: Current Affairs - September, 2018
BSE, NSE get SEBI approval to launch commodity derivatives segment
The capital markets regulator Securities and Exchange Board of India (SEBI) has allowed India’s top two stock exchanges BSE Ltd and National Stock Exchange of India Ltd (NSE) to launch commodity derivatives trading from 1 October, 2018. This approval is ..
Month: Current Affairs - September, 2018
MSME Insider: Monthly e-Newsletter of MSME Ministry launched
Union Ministry of Micro, Small and Medium Enterprises (MSMEs) has launched its monthly e-newsletter MSME Insider. The e-newsletter will give information of activities undertaken by MSME Ministry and also act as bridge between Ministry and millions of MSME units spread ..
Month: Current Affairs - September, 2018
Government announces merger of Bank of Baroda, Dena Bank and Vijaya Bank
Union Finance Ministry announced proposal for amalgamation of three public sector banks- Bank of Baroda, Dena Bank and Vijaya Bank. The combined entity after consolidation will create India’s third largest bank. Post this merger, number of PSU banks will come ..