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Monthly Archives: April 2024

RBI Expands Gold Hedging Options for Residents Amidst Price Surge

RBI Expands Gold Hedging Options for Residents Amidst Price Surge

In response to the soaring gold prices, expected to surpass $2700 per ounce this year amidst escalating geopolitical tensions in the Middle East, the Reserve Bank of India (RBI) announced a significant policy amendment. This move allows resident entities to diversify their hedging strategies against gold price volatility in overseas markets. Policy Update Effective immediately, …

Amitabh Bachchan to be Honoured with the Prestigious Lata Deenanath Mangeshkar Award

Amitabh Bachchan to be Honoured with the Prestigious Lata Deenanath Mangeshkar Award

In a momentous announcement, the prestigious Lata Deenanath Mangeshkar Award will be presented to the esteemed Hindi cinema actor, Amitabh Bachchan, this year. This honour, bestowed by the Master Deenanath Mangeshkar Smriti Pratisthan Public Charitable Trust and the Mangeshkar family, serves as a testament to Bachchan’s exceptional contributions to the world of Indian cinema over …

Nigeria Becomes First Country to Roll Out New Meningitis Vaccine

Nigeria Becomes First Country to Roll Out New Meningitis Vaccine

In a groundbreaking move, Nigeria has become the inaugural nation to introduce the innovative Men5CV vaccine, recommended by the WHO, targeting five strains of meningococcal bacteria. This historic milestone holds immense promise in combating meningitis, a severe threat in Africa, particularly in Nigeria. The vaccine rollout, funded by Gavi, is a crucial step towards achieving …

Madhya Pradesh Leads Implementation of Centre's Green Credit Programme (GCP)

Madhya Pradesh Leads Implementation of Centre’s Green Credit Programme (GCP)

In the realm of environmental conservation, Madhya Pradesh emerges as a frontrunner in the effective execution of the Green Credit Programme (GCP) initiated by the central government. Over the past two months, the GCP has greenlit tree plantation initiatives spanning across 500 land parcels, encompassing 4,980 hectares spread over 10 states. Key Achievements and State …

Sany India Launch of its Fully Electric Dump Truck

Sany India Launch of its Fully Electric Dump Truck

In a groundbreaking move, Sany India, a leading manufacturer of mining and construction equipment, has launched the SKT105E Electric Dump Truck. This remarkable feat marks a significant milestone in the Indian mining industry, as the SKT105E becomes the first locally manufactured electric off-highway dump truck, paving the way for a more environmentally conscious and cost-effective …

SBI Life Launches IdeationX: Pioneering Life Insurance Innovation

SBI Life Launches IdeationX: Pioneering Life Insurance Innovation

SBI Life Insurance has inaugurated IdeationX, a groundbreaking initiative aimed at fostering life insurance innovation. This initiative encourages future leaders from top B-Schools to devise unconventional solutions that cater to evolving consumer needs in the insurance sector. Engaging B-Schools for Innovation IdeationX targets students from prestigious B-Schools nationwide, urging them to think creatively and present …

J&K High Court Upholds Rule of Law, Quashes Detention under Public Safety Act

J&K High Court Upholds Rule of Law, Quashes Detention under Public Safety Act

In a significant ruling, the Jammu and Kashmir High Court has quashed the detention of Jaffar Ahmad Parray under the Public Safety Act. Justice Rahul Bharti emphasized that India operates under the rule of law, asserting that citizens cannot be detained without proper legal grounds. Parray had been held since May based on allegations of …

Saurabh Garg Appointed as Secretary of the Ministry of Statistics and Programme Implementation

Saurabh Garg Appointed as Secretary of the Ministry of Statistics and Programme Implementation

In a significant move, the Central Government has entrusted IAS officer Saurabh Garg with the additional charge of Secretary of the Ministry of Statistics and Programme Implementation (MoSPI). This decision, communicated through an order issued by the Department of Personnel & Training (DoPT), underscores Garg’s extensive experience and expertise in the realm of public administration. …