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Daily Archives: December 21, 2023

Tamil Nadu Retains ‘Achiever’ Status in Logistics Infra Rankings of States

Tamil Nadu Retains ‘Achiever’ Status in Logistics Infra Rankings of States

Tamil Nadu has once again secured the coveted ‘Achiever’ status among coastal states in the Logistics Ease Across Different States (LEADS) 2023 rankings, affirming its position as a logistic powerhouse in India. The state’s remarkable performance in the export-import ecosystem has earned accolades, marking the second consecutive time it has achieved this prestigious status. LEADS …

ICAI Reveals New Logo For Chartered Accountants Of India

ICAI Reveals New Logo For Chartered Accountants Of India

  The Institute of Chartered Accountants of India, recognized as the world’s largest professional body of Chartered Accountants, recently revealed a new logo that encapsulates its commitment to an India-first approach and its role as a trusted partner in nation-building. This unveiling took place at the Global Professional Accountants Convention (GloPAC) in Gandhinagar, where the …

ISRO's Chandrayaan-3 Moon Mission Earns Leif Erikson Lunar Prize

ISRO’s Chandrayaan-3 Moon Mission Earns Leif Erikson Lunar Prize

  The Indian Space Research Organisation (ISRO) has once again soared to new heights by clinching the prestigious Leif Erikson Lunar Prize. This esteemed accolade, bestowed by the Husavik Museum, stands as a testament to ISRO’s unwavering commitment and substantial contributions to lunar exploration. The focal point of this recognition is ISRO’s groundbreaking Chandrayaan-3 mission, …

Poonam Khetrapal Singh Honored with Bhutan’s National Order of Merit

Poonam Khetrapal Singh Honored with Bhutan’s National Order of Merit

In a notable recognition of her outstanding contributions to public healthcare services in Bhutan, Dr. Poonam Khetrapal Singh, the Regional Director of the World Health Organisation (WHO) South-East Asia, has been honored with Bhutan’s National Order of Merit (NOM) Gold Medal. The prestigious award was presented by Jigme Khesar Namgyel Wangchuck, the Druk Gyalpo (dragon …

Maharashtra Bags Women’s and AAI Wins Men’s Title Events in Guwahati

Maharashtra Bags Women’s and AAI Wins Men’s Title Events in Guwahati

In a stunning display of skill and determination, Maharashtra emerged victorious in the women’s team event at the 75th Inter State-Inter Zonal Badminton Championship held in Guwahati. The championship, organized by the Badminton Association of India, witnessed Maharashtra’s women’s team clinching the title with a commanding 3-0 victory. AAI Dominates Men’s Team Event The Airport …

Challenges for Banks Exiting AIF Units: Limited Options in Absence of Secondary Market

Challenges for Banks Exiting AIF Units: Limited Options in Absence of Secondary Market

Regulated entities like banks and NBFCs face a daunting task as they consider exiting their investments in alternative investment funds (AIFs). The Reserve Bank of India (RBI) has mandated a 30-day window for these entities to evaluate and liquidate their AIF portfolios to address concerns about the disguised evergreening of loan exposures. No Active Secondary …

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Robust Fiscal Management: Centre and States Maintain Sub-7% GDP Fiscal Deficit

In the first half of the fiscal year 2023-24 (H1Fy24), the combined fiscal scenario of the Centre and the States in India has remained resilient, with the gross fiscal deficit (GFD) staying below 7% of the Gross Domestic Product (GDP). A recent study by the Reserve Bank of India (RBI) sheds light on the fiscal …

Aditya Birla Sun Life and IDFC First Bank Collaborate On Financial Solutions

Aditya Birla Sun Life and IDFC First Bank Collaborate On Financial Solutions

  In a strategic move to broaden their service offerings and strengthen their market presence, Aditya Birla Sun Life Insurance and IDFC First Bank have joined forces through a bancassurance partnership. This collaboration aims to provide comprehensive insurance solutions to the bank’s extensive customer base by leveraging the robust distribution network of IDFC First Bank. …

India's Net FDI Hits 21-Month High at $5.9 Billion in October 2023

India’s Net FDI Hits 21-Month High at $5.9 Billion in October 2023

In October 2023, India experienced a surge in net foreign direct investment (FDI), reaching a 21-month high at $5.9 billion. This upswing was attributed to robust gross inflows and a decrease in repatriation. The Reserve Bank of India’s data revealed a notable increase from $1.54 billion in September 2023 and $1.16 billion in October 2022. …