Tuesday, January 22 2019

January 17, 2019

Cabinet approves recapitalisation of Export-Import Bank of India

New Delhi-The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the recapitalization of EXIM Bank. The Cabinet also approved an increase in the authorized capital of Exim Bank from Rs. 10,000 crore to Rs. 20,000 crore. The recapitalisation bonds will be on the lines issued to Public Sector Banks. Exim Bank of India was established in

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January 14, 2019

New tourism Circuit to cover 133 religious sites in 14 districts of Kerala

Ministry of Tourism sanctioned projects worth Rs.85.23 crore for the development of Spiritual Circuit III for Kerala under SwadeshDarshan Scheme announced by K J Alphons, Union Minister of Statefor Tourism. The Minister said the destinations have been selected keeping in view the inherent historic, cultural and religious significance of the places.The Circuit covers religious sites all across the state from

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January 14, 2019

All set for worlds largest Kumbh Mela – 2019 at Prayagraj

Kumbh Mela-2019, the worlds largest congregation of humanity at one place is all set to take place at Prayagraj. The first Shahi Snan royal bathing of Akharas will be held on the occasion. Which marks the begining of Kumbh. Massive arrangements have been made by Mela administration for peaceful bathing and eleborate security arrangements are also in place for processions

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January 13, 2019

India is a favourite destination for investments

Vice President of India, M. Venkaiah Naidu

New Delhi-The Vice President of India M Venkaiah Naidu said that a steady growth rate of almost 7% coupled with a series of reforms made India, the most favourite destination for investments in the world. Shri Naidu said that it was the right time for foreign investors to tap the huge potential offered by India in various sectors from real

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January 12, 2019

RBI imposes of Rs 30 million penalty on Citibank NA India

New Delhi-The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 30 million on Citibank NA India (the bank) for deficiencies in compliance with the RBI instructions on Fit and Proper criteria for directors of banks. This penalty has been imposed in taking into account the failure of the bank to adhere to the aforesaid directions issued

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January 11, 2019

MoU between India and Japan on Single Window to promote Ease of Doing Business in India

New Delhi-The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Memorandum of Understanding between India and Japan on Development of Advanced Model Single Window.The MoU would lead to cooperation between India and Japan on the development of Advanced Model Single Window and its operationalization in Central and State Governments in India for taking administrative procedures necessary for

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