State Bank of India (SBI) along with FTSE Russell, global index and data provider launched FTSE SBI Bond Index series at London Stock Exchange (LSE) It is India’s first bond index series for overseas investors. It launch follows November 2015 visit of Prime Minister Narendra Modi in UK when letter of intent was signed between SBI and…
The Reserve Bank of India (RBI) has increased corporate bond investment limit for foreign investors by taking out Masala bonds (rupee-denominated bond (rupee-denominated bonds) from ambit of total debt investment limit. They will be considered as part of External Commercial Borrowings (ECBs) and will be considered as part of External Commercial Borrowings (ECBs) and will be monitored…
National Institution for Transforming India (NITI) Aayog’s SATH (Sustainable Action for Transforming Human capital) Program was launched in in Guwahati, Assam. The SATH program aims to provide structured support to Assam in identifying key health priorities and implement the solutions towards transforming the health and improving the well-being of people of state.
Prime Minister Narendra Modi inaugurated Deendayal Hastkala Sankul, a trade facilitation centre and Crafts Museum for handicrafts at Varanasi, Uttar Pradesh. The centre and Crafts Museum was proposed by Union Finance Minister in his 2014-15 Budget speech to develop and promote handlooms, handicrafts and Silk Products.
The Ministry of Science & Technology has launched Pandit Deen Dayal Upadhayay Vigyan Gram Sankul Pariyojana to formulate and implement appropriate S&T interventions for sustainable development through cluster approach in Uttarakhand.
The Ministry of Petroleum and Natural Gas launched country-wide Pradhan Mantri LPG Panchayat scheme to distribute LPG connections among rural areas where conventional fuel is used for domestic purposes. The scheme was launched by Union Petroleum and Natural Gas Minister Dharmendra Pradhan at Mota Ishanpur village in Gandhinagar district in Gujarat. It is backup scheme to existing…
Eminent Scientist and Bharat Ratna Prof C.N.R. Rao was awarded 2017 Von Hippel Award, the highest international prize in materials research. He is first Indian and first Asian to win this honour. The award will be presented to Prof Rao for his interdisciplinary contributions to development of novel functional materials, including nanomaterials, graphene, superconductivity, 2D materials and…
Indian Coast Guard’s (ICG) new interceptor boat V-409 was launched in Mangaluru, Karnataka by Bharathi Defence and Infrastructure Limited (BDIL). The vessel will be inducted into service by mid-October 2017 to give boost to coastal security and national security.
NASA’s asteroid-chasing spacecraft Osiris-Rex successfully swung by Earth to put it on desired trajectory towards near earth asteroid Bennu using Earth to put it on desired trajectory towards near earth asteroid Bennu using Earth’s gravity. It passed within 17,237 kilometres from Earth above Antarctica. During closest flyby, Osiris-Rex’s science instruments were tested by scanning Earth and…
Former Home Secretary Rajiv Mehrishi was sworn in as new Comptroller and Auditor-General (CAG) of India. He was administered oath of office and secrecy by President Ram Nath Kovind. He succeeded Shashi Kant Sharma.
The Department of Science and Technology (DST) is planning to fund project to develop quantum computers in order to tap into the next big advance in computing technology. In India, Physics departments at Indian Institute of Science, Bangalore, and Harish Chandra Research Institute, Allahabad, so far have only forayed into theoretical aspects of quantum computing. Experts from…
The Union Government is hopeful that strategic Chabahar Port in Iran will be operational by end of 2018. Iran is expected to send application to EXIM Bank of India for providing first tranche of loan from the $150 million credit line to activate the contract between India and Iran for Chabahar Port.
State-owned Oil and Natural Gas Corporation (ONGC) has made oil discovery in WO-24-3 well located west of Mumbai High fields in Arabian Sea. The well is estimated to hold in-place reserve of about 20 million tonnes. The new discovery comes almost 50 years after ONGC began production in Mumbai High, which is India’s biggest oil field. It…
The Cabinet Committee on Economic Affairs (CCEA) extended time period “Special Industry Initiative for J&K” (Sll J&K)- Udaan Scheme till December, 2018 without any modification and cost escalation. Proposal in this regard was forwarded by Ministry of Home Affairs. Initially the time period of UDAA Scheme was upto 2016-17.
The Union Cabinet approved revamped Khelo India programme that aims at mainstreaming sport as tool for individual development, community development,community development, economic development and national development. The revamped programme for period 2017-18 to 2019-20 aims to impact entire sport ecosystem, including infrastructure, talent identification, community sports, coaching, competition structure and sports economy.
The Union Cabinet has given its approval for rationalization/merger and modernization plan of 17 Government of India Presses (GIPs)/Units into 5 GIPs)/Units into 5 GIPs. The five GIPs are located at Rashtrapati Bhavan, Minto Road and Mayapuri in New Delhi; Nashik (Maharashtra) and Temple Street (Kolkata, West Bengal).
India is going to conduct first BIMSTEC Disaster Management Exercise- 2017 (DMEx-2017) from October 10-13, 2017. It will be conducted by National Disaster Response Force (NDRF) as the lead agency in the National Capital Region (NCR). The purpose of the exercise is to provide platform for sharing Best Practices on all aspects of Disaster Risk…
The BCCI has nominated former Indian cricket team captain Mahendra Singh Dhoni (36) for Padma Bhushan, country’s third highest civilian award for his contribution to game. He is only cricketer nominated by BCCI for this years Padma Awards. Dhoni is one of greatest names in contemporary cricket and has impeccable credentials to his name. He is only…
Commemorative coins of Rs 100 and Rs 10 denomination were released on the occasion of 101st Birth Centenary of noted Carnatic musician Dr. MS Subbulakshmi by Vice President M. Venkaiah Naidu. Earlier, Finance Ministry had issued notification about introduction of Rs 100 coin to honour Subbulakshmi’s music legacy.
The Union Law ministry has approved Fugitive Economic Offenders Bill, 2017 to empower government to confiscate property of economic offenders and defaulters who flee India. The Bill seeks to deter economic offenders from evading the process of Indian law by fleeing the country. It was drafted in pursuance of Finance Minister Arun Jaitley’s 2017-18 Budget…
