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Monthly Archives: July 2023

European Council Conclusions on China, 30 June 2023: Balancing Cooperation and "De-risking"

European Council Conclusions on China, 30 June 2023: Balancing Cooperation and “De-risking”

In the European Council’s summit held on 30th June 2023, EU leaders reaffirmed their commitment to reducing the bloc’s dependence on China while exploring ways to strike a balance between cooperation and “de-risking” in various domains, particularly in light of climate change concerns. The European Union’s approach towards China has evolved to consider it both …

Government Raises Interest Rates on Select Savings Schemes for July-September Quarter

Govt Raises Interest Rates on Select Savings Schemes for July-September Quarter

The government has announced an increase in interest rates on select savings schemes for the July-September quarter. This decision is in line with the high-interest rates in the banking system. The revised rates aim to provide higher returns to investors and encourage savings. Here are the details of the changes: Revised Rates for Recurring Deposits …

Public Sector Banks and eligible Private Sector Banks authorised to implement and operationalise Mahila Samman Savings Certificate, 2023

PSBs and eligible PvtSBs authorised to implement and operationalise Mahila Samman Savings Certificate, 2023

The Government of India has authorized all Public Sector Banks and eligible Private Sector Banks to implement and operationalize the Mahila Samman Savings Certificate, 2023. This scheme aims to provide financial security to every girl and woman in India. Account opening is available until March 31, 2025, with a tenure of two years. The scheme …

July, 2023 - - Part 58_6.1

India’s biggest natural arch discovered in Odisha by GSI

Introduction The Geological Survey of India’s (GSI) state unit has discovered a magnificent “Natural Arch” located in the Kanika range of Sundargarh forest division. This geological marvel is believed to have originated during the Jurassic period. GSI has also proposed  Geo Heritage tag for “Natural Arch”. If it is done, it will become the biggest …

July, 2023 - - Part 58_7.1

India’s top 10 biggest banks

The merger of HDFC Bank Ltd and Housing Development Finance Corp., which became effective on July 1st, has positioned the combined entity as one of the leading banking firms worldwide. With a market capitalization of approximately $172 billion, the merged bank secures the fourth position globally, following JPMorgan Chase & Co., Industrial and Commercial Bank …

July, 2023 - - Part 58_9.1

Asian Kabaddi Championship 2023: India beat Iran in final to win title

In the final of the Asian Kabaddi Championship 2023 held at the Dong-Eui Institute of Technology Seokdang Cultural Center in Busan, Republic of Korea, India emerged victorious, defeating Iran with a score of 42-32. This marked India’s eighth championship title in the past nine editions. Pawan Sehrawat, the captain of the Indian team, played a …