October, 2023 -

Swan Energy pays ₹231 cr to acquire Reliance Naval and Engineering

October 30, 2023

Swan Energy, a Mumbai-based conglomerate, recently acquired Reliance Naval and Engineering through its special purpose vehicle, Hazel Infra, solidifying its position in the commercial and naval defence vessel manufacturing and ship repairing segments. The move aligns with the government’s Atmanirbhar Bharat initiative, emphasizing self-reliance in shipbuilding. Key Details Acquisition and Timely Payment Swan Energy successfully …

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FATF Removes Cayman Islands From Its ‘Grey List’

October 30, 2023

The Financial Action Task Force (FATF), an inter-governmental body responsible for setting international standards to combat money laundering, terrorist financing, and proliferation financing, has recently made headlines by removing several countries from its ‘grey list’ while adding another. The FATF’s Grey List The FATF maintains a ‘grey list,’ which consists of jurisdictions that do …

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Baijnath Aggarwal, trustee of Geeta Press Gorakhpur, Passes Away

October 30, 2023

Baijnath Agarwal, the dedicated trustee of Gita Press Gorakhpur, passed away at the age of 90, leaving behind a legacy of unwavering commitment to social welfare. As a trustee for 40 years, Agarwal’s life was marked by his relentless efforts to create positive social change. He had been associated with Gita Press for an astounding …

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Fincare SFB to merge with AU Small Finance Bank

October 30, 2023

Fincare Small Finance Bank (Fincare SFB) is set to merge with AU Small Finance Bank (AU SFB) starting from February 1, 2024, pending necessary approvals and regulatory endorsements. This significant merger aims to create a robust financial institution with enhanced capabilities and a broader reach. Terms of the Merger Under the merger agreement, shareholders of …

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RBI Report Highlights Food Inflation as Sole Threat to 4% CPI Target

RBI Revises Bulk Deposit Limit Of Regional Rural Banks To Rs 1 Crore

October 30, 2023

The Reserve Bank of India (RBI) has conducted a review of bulk deposit limits for financial institutions, specifically focusing on Regional Rural Banks (RRBs). As a result, the bulk deposit limit for RRBs has been significantly increased from Rs 15 lakh to Rs 1 crore. This adjustment carries significant implications for the operational framework of …

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Interesting Facts About Sardar Vallabhbhai Patel

October 30, 2023

Sardar Vallabhbhai Patel, a towering figure in India’s history, is renowned for his pivotal role in the country’s struggle for independence and the subsequent integration of princely states into the newly formed nation. Commonly referred to as the “Iron Man of India,” Patel’s life is brimming with fascinating facts and accomplishments that continue to inspire …

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“Vision India@2047: Transforming India into a Developed Nation by 2047”

October 30, 2023

The Indian government is working on a comprehensive national vision plan, known as ‘Vision India@2047’, aimed at transforming the country into a developed nation by 2047. The plan is designed to prevent India from falling into the middle-income trap and focuses on various aspects of economic and social development. Vision India@2047: Key Objectives and Timeline …

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List of 7 Countries Not Recognised By The United Nations

October 30, 2023

List of 7 Countries Not Recognised By The United Nations In our world, there exist 193 sovereign nations that proudly hold United Nations (UN) membership. However, beyond this recognized realm, there are nations with their own flags, currencies, territories, legal systems, and even the authority to issue passports, all despite lacking the coveted UN recognition. …

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Paytm Becomes Official Sponsor For 37th National Games

October 30, 2023

The 37th edition of the National Games kicked off in style as Paytm, India’s renowned fintech giant, emerged as the official sponsor. The tournament was inaugurated with great fervor by Prime Minister Narendra Modi at the Jawaharlal Nehru Stadium in Fatorda, South Goa. National Games 2023 Medal Tally: Check the Complete List of Winners …

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“MGNREGS Reports a 7.5% Decrease in Active Workforce Participation”

October 30, 2023

A recent data analysis by LibTech India, a consortium of academics and activists, has revealed significant changes in the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) for the period from April to September 2023. The data, sourced from the Union Rural Development Ministry, shows a 7.5% reduction in the number of active MGNREGS workers …

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Monthly Archives: October 2023

Swan Energy pays ₹231 cr to acquire Reliance Naval and Engineering

FATF Removes Cayman Islands From Its ‘Grey List’

Baijnath Aggarwal, trustee of Geeta Press Gorakhpur, Passes Away

Fincare SFB to merge with AU Small Finance Bank

RBI Revises Bulk Deposit Limit Of Regional Rural Banks To Rs 1 Crore

Interesting Facts About Sardar Vallabhbhai Patel

“Vision India@2047: Transforming India into a Developed Nation by 2047”

List of 7 Countries Not Recognised By The United Nations

Paytm Becomes Official Sponsor For 37th National Games

“MGNREGS Reports a 7.5% Decrease in Active Workforce Participation”

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