NATIONAL UPDATES:
1.
Highlights of Economic Survey 2015-16: The Economic Survey
reviews the developments of the Indian Economy over the previous 12 months,
summarizes the performances on major development programs, and highlights the
policy initiatives of the government and the prospects of the economy in the
short to medium term.
2.
India approves $150 million credit line for Iran’s Chabahar port: The
port in southeast Iran is central to New Delhi’s efforts to circumvent
arch-rival Pakistan and open up a route to landlocked Afghanistan where it has
developed close security ties and economic interests.
3. India and UK sign MoU for research in
crop science: Department of Biotechnology, Ministry of
Science and Technology and a consortium of top UK research institutions signed
a MoU for establishment of a joint India-UK collaboration programme in crop
science.
4. EPFO tightens norms for withdrawal of
funds: Employees Provident Fund Organisation has tightened
norms on withdrawal of provident fund as well investment of such amount in
Varishtha Pension Bima Yojana for its over five crore subscribers. As per the
new norms the subscribers will not be able to claim withdrawal of their
provident fund after attaining age of 54 years.
5. Indian Government appoints 3 news
information commissioners: They are Amitava Bhattacharya,
Bimal Julka and DP Sinha.
6. Justice Dinesh Maheshwari appointed
as Chief Justice of Meghalaya High Court.
7. Ashwini Nangia becomes Director of
CSIR-National Chemical Lab, Pune.
8. The Diageo-controlled United Spirit
Ltd appoints MK Sharma as new Chairman as Vijay Mallya resigned from the post.
9. IRCTC, OYO Rooms tie up for hotel
bookings.
10. Reliance Capital to transfer
commercial finance business into separate firm by applying to RBI for
registering itself as a Core Investment Company.
11. Ratan Tata to head Indian Railways’
innovation committee.
12. Union Cabinet approves Atal
Innovation Mission (AIM).
13. UP Government signs pact with OLA: Taxi
aggregator OLA has entered into an agreement with the Uttar Pradesh Government
to create over 50,000 entrepreneurship opportunities across the state.
14. Times Internet partners with
Investopedia to deliver trusted financial content to India.
INTERNATIONAL UPDATES:
1.
Jonathan Sinclair Neal appointed as the CEO of AAE Travel: Expedia,
the online travel company has appointed Jonathan Sinclair Neal as the CEO of
AAE Travel.
2.
Mastercard to launch payments by selfie: Mastercard is
launching new mobile technologies that will allow customers to authenticate
their online purchase using selfies or fingerprints. The technology will be
rolled out by big banks in the US, Canada, UK and some European countries over
the next few months.
OTHER UPDATES:
FINANCE/BANKING:
1.
IDBI Bank gets SEBI nod to raise Rs 3771 crore through issue of shares to
qualified institutional players.
SPORTS:
2. Rohit
Sharma named Global Ambassador of Nissan.
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