Finternet: The ex-chairman of UIDAI described the idea of ‘Finternet’ at the Global Fintech Fest (GFF) in Mumbai. Finternet refers to the multiple financial ecosystems interconnected with each other, much like the internet. It would lower barriers between different financial services and systems, drastically reducing the complex clearing and messaging chains and other frictions that […]
Bonus Issue
Bonus Issue: Reliance Industries Chairman recently announced a bonus issue for the company’s shareholders in a 1:1 criterion. A bonus issue, also known as a scrip issue or a capitalization issue, occurs when a company listed on a stock exchange decides to offer free additional shares to the existing shareholders. The company decides the number […]
RESET Programme
RESET Programme: The Union Minister of Youth Affairs & Sports and Labour & Employment launched “Retired Sportsperson Empowerment Training” (RESET) Programme on the occasion of National Sports Day in New Delhi. The Retired Sportsperson Empowerment Training Programme is aimed at empowering the retired sports persons who have played for the country and brought immense laurels […]
Unified Payments Interface (UPI) block mechanism
Unified Payments Interface (UPI) block mechanism: Securities and Exchange Board of India (SEBI) proposed mandatory Unified Payments Interface (UPI) block mechanism facility for secondary market trading using the UPI-based block mechanism to their clients.It is similar to the Application Supported by Blocked Amount (ASBA) facility that allows trading with blocked amounts.
New Chairman Of The International Cricket Council
New Chairman Of The International Cricket Council: Jay Shah has been elected as the new chairman of the International Cricket Council (ICC), becoming the youngest ever to reach this position.He currently holds the position of Board of Control for Cricket in India (BCCI) secretary and will take over the charge at ICC from 1st December, […]
Guru Padmasambhava
Guru Padmasambhava: A two-day conference on the Life and Living Legacy of Guru Padmasambhava was held in Nalanda, Bihar, organised by the International Buddhist Confederation (IBC) and Nava Nalanda Mahavihara. The event will focus on Guru Padmasambhava’s adaptation of Buddhist teachings to local cultures and traditions. Guru Padmasambhava, also known as Guru Rinpoche, was an […]
National Council of Applied Economic Research
National Council of Applied Economic Research: Monthly Economic Review of the National Council of Applied Economic Research (NCAER) for August acknowledges that the domestic economy remains resilient. However, it highlighted moderation in certain high-frequency indicators, such as industrial output and core sectors’ performance in June.
PM Modi to Inaugurate Vadhvan Port and Address Global Fintech Fest in Maharashtra
PM Modi to Inaugurate Vadhvan Port and Address Global Fintech Fest in Maharashtra: Prime Minister Narendra Modi will visit Maharashtra to lay the foundation stone of the Vadhvan Port project and address the Global Fintech Fest (GFF) 2024 in Mumbai. Modi will start his day in Mumbai and then proceed to Palghar in the afternoon.
First Indigenously Developed Pollution Control Vessel Launched in Goa
First Indigenously Developed Pollution Control Vessel Launched in Goa: The Indian Coast Guard (ICG) launched its first indigenously developed Pollution Control Vessel, ‘Samudra Pratap,’ in Goa. Raksha Rajya Mantri Shri Sanjay Seth, who presided over the event, emphasized the need for industry partners to contribute towards India becoming fully self-sufficient (Aatmanirbhar) in defense production and […]
LIC Pays ₹3,662 Crore Dividend To Indian Government
LIC Pays ₹3,662 Crore Dividend to Indian Government: Life Insurance Corporation of India (LIC) presented a dividend cheque of ₹3,662.17 crore to Union Finance and Corporate Affairs Minister Nirmala Sitharaman. This follows the shareholder approval of a final dividend of ₹6 per share for 2023-24, up from ₹3 per share in the previous fiscal year
