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Daily Archives: March 17, 2023

March 17, 2023 -_4.1

National Company Law Tribunal (NCLT) approves HDFC and HDFC Bank merger

On March 17th, the National Company Law Tribunal (NCLT) approved the merger of HDFC Ltd and HDFC Bank, which is considered to be the largest merger in the history of corporate India. The merger will create a massive banking entity by combining India’s largest housing finance company with the country’s largest private lender. Prior to …

March 17, 2023 -_5.1

India’s forex reserves fall $2.40 billion to 3-month low of $560 billion

According to data from the Reserve Bank of India, the country’s foreign exchange reserves declined by $2.397 billion to $560 billion as of March 10, 2023. This marks a three-month low for India’s foreign exchange reserves after they had increased for the first time in five weeks to $562.40 billion as of March 3. Buy …

March 17, 2023 -_6.1

What is Research, Education and Training Outreach (REACHOUT) scheme?

Research, Education and Training Outreach (REACHOUT) scheme: The Research, Education and Training Outreach (REACHOUT) scheme is a program launched by the Indian government to promote research, education and training in the country. The Indian Ministry of Earth Sciences has initiated the REACHOUT Scheme to advance research, education, and training in the realm of Earth Sciences. …

March 17, 2023 -_7.1

Delhi airport adjudged best airport in South Asia: Skytrax

Skytrax, a UK-based consultancy, awards airports worldwide with the prestigious World Airport Awards based on customer surveys. For the fifth year in a row, Delhi’s Indira Gandhi International Airport (IGIA) has been declared the best airport in the South Asian region. The IGIA is an international airport and has received this recognition due to its …

Competitive (LEAN) Scheme to strengthen MSME Sector

Govt aims to strengthen MSME sector with Competitive (LEAN) Scheme

Competitive (LEAN) Scheme to strengthen MSME Sector To encourage micro, small, and medium-sized enterprises (MSMEs) to adopt particular manufacturing practices, the Indian central government introduced a revamped version of the MSME Competitive (LEAN) Programme. Buy Prime Test Series for all Banking, SSC, Insurance & other exams Competitive (LEAN) Scheme to strengthen MSME Sector: Key Points …

March 17, 2023 -_10.1

Deepak Mohanty appointed as PFRDA chairman, Mamta Shankar as Whole-Time Member

Deepak Mohanty named PFRDA chairman The Indian government has appointed Deepak Mohanty as the new chairman of Pension Fund Regulatory and Development Authority (PFRDA), replacing Supratim Bandyopadhyay whose term ended in January. Mohanty, a former executive director of Reserve Bank of India (RBI), previously served as a member of PFRDA.  Buy Prime Test Series for …