Unclaimed Deposits Transfer: Public sector banks transfer ₹35,012 cr unclaimed deposits to RBI As of February 2023, public sector banks (PSBs) in India have transferred unclaimed deposits worth ₹35,012 crore ($4.7 billion) to the Reserve Bank of India (RBI), according to a report by the central bank. The transfer of these funds was made under…
Bhutan-India relationship : Bhutan King arrives in India for a two-day visit The King of Bhutan, Jigme Khesar Namgyel Wangchuck, has arrived in India for a two-day visit. The visit is aimed at strengthening the special ties between the two countries. During his visit, the Bhutanese King is expected to meet with the Indian Prime…
Axis Bank business management solution : Axis Bank Launches Business Management Solution for Merchants Axis Bank, one of India’s leading private sector banks, has recently launched a new digital solution for merchants that aims to simplify their business management tasks. The solution, called “Merchant Suite,” offers a range of features that enable merchants to manage…
Bahrain Golden License : Bahrain Launches “Golden License” to Attract Large-Scale Investment Projects Bahrain has launched a new initiative called “Golden License” to attract large-scale investment projects. The initiative aims to streamline the investment process and provide more flexibility to investors. It is a step towards boosting the country’s economy by attracting more foreign investment….
NASA Artemis program : NASA Names Astronauts to Next Moon Mission: First Crew Under Artemis NASA has announced its next moon mission, which will be the first to take place under the Artemis program. The Artemis program aims to return humans to the moon and establish sustainable exploration by 2024. The mission, named Artemis III,…
Article: India’s Forex Reserves Rise by $5.98 Billion to $578.78 Billion India’s foreign exchange reserves have increased by $5.98 billion to reach $578.78 billion as of March 24, 2023, as per the data released by the Reserve Bank of India (RBI) on Friday. This rise in reserves can be attributed to the increase in foreign…
OPEC oil production : OPEC members announce cut in oil production exceeding one million barrels per day from next month In a major development, the members of the Organization of the Petroleum Exporting Countries (OPEC) have announced a cut in oil production exceeding one million barrels per day from next month. This decision was taken…
Title: Sanjay Jasjit Singh Assumes Charge as Vice Chief of Naval Staff Sanjay Jasjit Singh has taken over as the Vice Chief of Naval Staff, succeeding Vice Admiral R Harikumar. The change of command ceremony took place at the South Block in Delhi. The newly-appointed Vice Chief of Naval Staff will be responsible for the…
Adani Group Ron Malka : Adani Group Appoints Israel’s Former Envoy to India Ron Malka as Chairman of Haifa Port Co. The Adani Group, India’s leading infrastructure conglomerate, has appointed Ron Malka, former Ambassador of Israel to India, as the Chairman of Haifa Port Company in Israel. Haifa Port is one of the largest ports…
RBI Appoints Neeraj Nigam as Executive Director The Reserve Bank of India (RBI) has appointed Neeraj Nigam as its new Executive Director. Nigam has been appointed for a period of three years, and his appointment will be effective from April 03, 2023. He will be in charge of the RBI’s Department of Banking Supervision, among…
