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Monthly Archives: August 2024

NCLT Approves Slice and North East Small Finance Bank Merger

NCLT Approves Slice and North East Small Finance Bank Merger

Fintech company Slice has received approval from the National Company Law Tribunal (NCLT) for its merger with North East Small Finance Bank. The Guwahati bench of the NCLT has sanctioned the scheme of arrangement and amalgamation involving several entities, including Garagepreneurs Internet, Quadrillion Finance, Intergalactory Foundry, RGVN (North East) Microfinance, and North East Small Finance …

Army Chief General Chairs High-Level Meeting

Army Chief General Chairs High-Level Meeting

Army chief General Upendra Dwivedi on August 20, chaired a high-level meeting focusing on the ongoing transformational initiatives by the Indian Army and its contribution towards achieving the objective of Viksit Bharat by 2047. Army Chief General Chairs High-Level Meeting According to an official statement, today’s discussion reaffirmed the Indian Army’s commitment to evolving into …

India Heightens Alert As Mpox Cases Rise Globally

India Heightens Alert As Mpox Cases Rise Globally

The World Health Organization (WHO) has designated Mpox as a public health emergency of international concern, primarily due to its increasing prevalence in Africa. In response, the Indian government has implemented heightened vigilance measures, despite the absence of WHO travel advisories. Key facilities and authorities have been alerted to manage and monitor potential Mpox cases …

RBI Releases Draft Norms for Fintech Self-Regulatory Organisations

RBI Releases Draft Norms for Fintech Self-Regulatory Organisations

The Reserve Bank of India (RBI) has unveiled a draft framework for the establishment and recognition of self-regulatory organizations (SROs) in the fintech sector. The draft rules aim to strike a balance between fostering innovation within the industry and ensuring regulatory priorities are met for consumer protection and risk containment. Characteristics of Self-Regulatory Organisation for …

Andhra CM Inaugurates Projects and Deals Worth Rs 3,683 Crore at Sri City

Andhra CM Inaugurates Projects and Deals Worth Rs 3,683 Crore at Sri City

Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated 16 industrial projects in Sri City and signed deals worth Rs 3,683 crore. These new ventures are anticipated to generate over 15,000 jobs, underscoring the State’s commitment to accelerating industrial growth through enhanced efficiency. Focus on ‘Speed of Doing Business’  Naidu emphasized a shift from ‘Ease of …

Economic Capital of Uttar Pradesh

What is the Economic Capital of Uttar Pradesh?

Uttar Pradesh, a prominent state in northern India, is known for its rich cultural history and economic diversity. Kanpur, often regarded as the economic capital of the state, plays a pivotal role in its industrial landscape. The city excels in various sectors, including textiles, leather, and chemicals, making it a significant contributor to Uttar Pradesh’s …

China Approves $31 Billion for 11 New Nuclear Reactors Across Five Sites

China Approves $31 Billion for 11 New Nuclear Reactors Across Five Sites

China has approved the construction of 11 new nuclear reactors across five sites, with a total investment of approximately 220 billion yuan ($31 billion). This marks a record number of permits as the government intensifies its reliance on nuclear energy to reduce carbon emissions. The State Council’s approval includes reactors in Jiangsu, Shandong, Guangdong, Zhejiang, …