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Monthly Archives: August 2024

Jakarta Hosts 5th AITIGA Joint Committee Meeting

Jakarta Hosts 5th AITIGA Joint Committee Meeting

The 5th AITIGA Joint Committee meeting, marking a significant milestone in ASEAN-India economic cooperation, took place in Jakarta from July 29 to August 1, 2024. The discussions aimed at reviewing and enhancing the ASEAN-India Trade in Goods Agreement (AITIGA) were co-chaired by Shri Rajesh Agrawal, Additional Secretary, Department of Commerce, India, and Ms. Mastura Ahmad …

State Govt, SBI General Insurance Sign MoU For DRTPS

State Govt, SBI General Insurance Sign MoU For DRTPS

In a significant move towards disaster preparedness, the State Government and SBI General Insurance signed a Memorandum of Understanding (MoU) for Disaster Risk Transfer Parametric Insurance Solution (DRTPS). This makes Nagaland the first state in the country to implement this disaster management insurance. Aimed at safeguarding the state The state chief minister, Neiphiu Rio, announced …

RBI imposes penalties on Godrej Housing, HUDCO, and Aadhar Housing Finance

RBI Revises NPA Provisioning Norms for Cooperative Banks

The Reserve Bank of India (RBI) has issued revised instructions for the treatment of Bad and Doubtful Debt Reserve (BDDR) across cooperative banks, aiming for uniformity in the accounting and prudential treatment of non-performing assets (NPAs). These new norms will apply to Urban Co-operative Banks, State Cooperative Banks, and Central Co-operative Banks, effective immediately. A …

President Droupadi Murmu Conferred "Companion of the Order of Fiji" in Capital Suva

President Droupadi Murmu Conferred “Companion of the Order of Fiji” in Capital Suva

Indian President Droupadi Murmu embarked on a significant two-day state visit to Fiji, marking a milestone in the diplomatic relations between the two nations. The visit, characterized by ceremonial honors and high-level meetings, underscored the growing partnership between India and Fiji in various spheres of cooperation. Arrival and Ceremonial Welcome Guard of Honor Upon her …

RIL Jumps Up 2 Places In Fortune’s Global 500 List For 2024

RIL Jumps Up 2 Places In Fortune’s Global 500 List For 2024

Reliance Industries Limited (RIL) has achieved a milestone by advancing two positions in the 2024 Fortune Global 500 list, securing the 86th spot. This marks the highest ranking ever attained by the conglomerate on the list, underscoring its growth and stability within the global business arena. Company’s robust performance and its strategic growth According to …

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Piyush Goyal Launches ‘India@100’: A Vision for India’s Economic Future

Union Minister of Commerce and Industry, Piyush Goyal, unveiled a significant publication that charts India’s economic trajectory towards 2047. The book, titled “India@100: Envisioning Tomorrow’s Economic Powerhouse”, authored by Prof. K V Subramanian, was launched at a high-profile event in New Delhi. This launch marks a pivotal moment in India’s discourse on economic development and …