In this session on Financial Awareness we are going to see a topic which requires much needed attention now. You could have seen that Aircel – Reliance comm merger was failed, and as a result of piling losses Tata and Reliance comm set to exit mobile telephonE business and a lot of issues are going
BANKING 1. SIDBI revamps portal for easy credit access Wider loan options created for MSMEs Small Industries Development Bank of India (SIDBI) has revamped its portalwww.udyamimitra.inwith enhanced features to provide easy access to credit and hand-holding services for micro small medium enterprises (MSME). SIDBI said in a statement “The portal brings transparency and competition
1. NCR relocates to new R&D centre in Hyderabad first largest R&D facility outside its headquarters in Atlanta. NCR Corporation, a global leader in omni-channel solutions, today launched its new state-of-the-art research and development (R&D) centre. It said “this modern R&D centre will help extend NCR’s leadership in omni-channel solutions and to create innovative
1. Centre plans to set up more commercial courts Crucial to go further up in Ease of Doing Business ranking Days after India jumped 30 positions in the World Bank’s Ease of Doing Business ranking, Law Ministry officials said the Union government proposed to establish commercial courts in districts to further improve the parameters.
1. Banks in Bihar to get ranks for giving loans Govt. transactions to be based on this Bihar Deputy Chief Minister Sushil Kumar Modi, who also holds charge of the Finance and Commercial Taxes department, said “The [State] government will neither deposit its money nor carry out any transaction with banks that have been
1. 34 power projects among loan defaulters Panel finds it fishy The Finance Ministry has failed to give a list of 34 power projects that defaulted on bank loans totalling crores of rupees to a parliamentary panel on Energy. Earlier on two occasions, the Reserve Bank of India had refused to divulge the names
1. Bullet train route is loss-making: RTI 40% seats went vacant in past 3 months As the Narendra Modi government proceeds with the Mumbai-Ahmedabad bullet train project, an RTI query has revealed that over 40% of seats on all the trains on this sector go vacant, causing huge losses to Western Railway. According to
1. Army to build new bridge at Mumbai railway station Defence Minister visits site of September tragedy Maharashtra Chief Minister Devendra Fadnavis, as he visited the site of the stampede, along with Defence Minister Nirmala Sitharaman and Railway Minister Piyush Goyal said “The Army will help build a new foot overbridge at the Elphinstone
1. Supreme Court rebukes Mamata govt Let Mamata come and file a petition as a citizen The Supreme Court pulled up the State of West Bengal for directly approaching the apex court against the Centre’s move to make Aadhaar mandatory for availing the benefits of various social welfare schemes. The State had filed a
AWARDS AND HONOURS 1. Indian peacekeepers in Sudan awarded UN medal Intimately associated with peacekeeping efforts Fifty Indian peacekeepers stationed in South Sudan have been awarded the UN Medal for their professionalism and service in protecting civilians and building durable peace in the conflict-ridden country. The Indian peacekeepers are part of the UN Mission
