Category: Business Economy Current Affairs

ADB Approves $580 million for Reliance’s Bangladesh power plant project

The Asian Development Bank (ADB) has approved the funding of US $580 million for Reliance Bangladesh power plant project. ADB has approved it for the development of Reliance Bangladesh Liquefied Natural Gas (LNG) and Power Project. Main Points of Reliance’s Bangladesh power plant project The financing package of ADB comes in two forms which includes loans […]

Patanjali group and Telangana Government Signed MoU to set up food Park

Patanjali group led by Yoga Guru Baba Ramdev has signed a MoU with Telangana Government for setting up a food park in the state. TRS Lok Sabha member from Nizamabad K Kavitha along with government officials met Patanjali’s top management at Haridwar, Uttarakhand and explained them the state’s newly launched food processing policy. The MoU […]

Yes Bank and Centre Denmark India Tie up for Fintech collaboration

With an aim to bring fintech innovations and startups from Denmark to India, and facilitate entry of Indian startups to the region, Indian private sector lender Yes Bank has signed MOU with Innovation Centre Denmark India (ICDK India). It is a partnership between the Ministry of Foreign Affairs of Denmark and the Danish Ministry of […]

India and Philippines signed four Agreements in Various Fields

Indian Prime Minister Narendra Modi is on a visit to Philippines. Four agreements have been signed between India-Philippines in areas of defence, agriculture, small and medium enterprises and tie-up between think-tanks. The signing of agreements was done after a bilateral talk between Prime Minister Narendra Modi and Philippines President Rodrigo Duterte in Manila. Prime Minister […]

Dantewada Holds India’s 1st Tribal Entrepreneurship Summit

First Tribal Entrepreneurship Summit of India will be organized at Dantewada in Chhattisgarh state. It will start from Tuesday next week with an aim to inspire, nurture and promote the spirit of entrepreneurship among the tribal youth. The event is a part of 8th Global Entrepreneurship Summit being held in India. It was YS Choudhary […]

Aadhaar Linking with Insurance Policy Mandatory : IRDA

Aadhaar Linking with Insurance Policy Mandatory

For the prevention of Money Laundering, Aadhaar Linking with Insurance Policy has been made compulsory by Insurance Regulatory Development Authority (IRDA) on Wednesday (8/11/2017). The regulator has asked insurers to comply with the statutory norms. The linkage of Aadhaar number with insurance policy has been made necessary under the Prevention of Money Laundering (Maintenance of […]

HDFC Bank Made RTGS, NEFT online transactions free

HDFC Bank Made RTGS, NEFT online transactions free

India’s private sector lender HDFC Bank has removed charges taken on online transactions through RTGS and NEFT from first November. The new decision has been taken with an aim to promote a digital economy. Other Important Points to Remember On the other hand, banks has decided to increase charges on transactions done through cheques and […]

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