RBI Tightens Guidelines for ARCs in Borrower Settlements: The Reserve Bank of India (RBI) has introduced stricter guidelines for Asset Reconstruction Companies (ARCs) to enhance transparency and accountability in borrower settlements. These revisions aim to standardize procedures and align them with practices of banks and non-banking financial companies (NBFCs).ARCs are now mandated to establish board-approved […]
Category: Current Affairs
India to Host FIDE Chess World Cup 2025
India to Host FIDE Chess World Cup 2025: India is set to host the prestigious FIDE Chess World Cup 2025, marking a significant milestone for the country as it takes on the role of the host for its first major international chess tournament since the 2022 Chennai Chess Olympiad. This announcement is poised to further […]
Neeraj Parakh Appointed as CEO and Executive Director of Reliance Power
Neeraj Parakh Appointed as CEO and Executive Director of Reliance Power: Reliance Power Limited has appointed Neeraj Parakh as its Executive Director and Chief Executive Officer (CEO), effective January 20, 2025, for a tenure of three years, subject to shareholder approval.Parakh brings over 29 years of professional experience, with more than 20 years dedicated to […]
Justice Alok Aradhe Appointed as Chief Justice of Bombay High Court
Justice Alok Aradhe Appointed as Chief Justice of Bombay High Court: The central government has issued a notification confirming the appointments of Justice Alok Aradhe as the Chief Justice of the Bombay High Court and Justice Devendra Kumar Upadhyaya as the Chief Justice of the Delhi High Court. These transfers aim to strengthen judicial leadership […]
Chhattisgarh CM Bhupesh Baghel has launched a scheme providing Rs 10,000 annual aid to 7.5 lakh landless agricultural labourers
Chhattisgarh CM Bhupesh Baghel has launched a scheme providing Rs 10,000 annual aid to 7.5 lakh landless agricultural labourers: Chhattisgarh Chief Minister Vishnu Dev Sai has launched a scheme to provide Rs 10,000 annually to landless labourers in the state, continuing his commitment to support vulnerable sections. This initiative is part of a larger series […]
Surgical Tele-Robotic System
Surgical Tele-Robotic System: India’s first indigenous surgical tele-robotic system, SSI Mantra successfully conducted two complex heart surgeries with patient in Jaipur and the operating surgeon in Gurgaon. Surgical Tele-Robotic System is a robotic system developed by medical technology company, SSI Ltd which is the first-of-its-kind system in India. It has been approved by the Central […]
Asset Reconstruction Companies : RBI New Guideline
Asset Reconstruction Companies : RBI The Reserve Bank of India (RBI) recently issued new rules aimed at streamlining and tightening the settlement process for dues payable by borrowers to Asset Reconstruction Companies (ARCs). News Rules issued by the RBI: The revised framework by the RBI mandates that ARCs adopt a more structured approach to settle […]
RBI Constitutes New Advisory Committee for Bank Licensing
RBI Constitutes New Advisory Committee for Bank Licensing: The Reserve Bank of India (RBI) established a new Standing External Advisory Committee (SEAC) to evaluate applications for Universal Banks and Small Finance Banks (SFBs). This committee is chaired by former RBI Deputy Governor M. K. Jain and comprises five members. The SEAC includes: M. K. Jain: […]
Draft Regulations for the Selection and Appointment of Vice Chancellors
Draft Regulations for the Selection and Appointment of Vice Chancellors: The University Grants Commission (UGC) recently released draft regulations for the selection and appointment of Vice Chancellors (VCs) in universities, sparking controversy. UGC Draft Regulation on Vice Chancellors: The Chancellor/Visitor will form a three-member Search-cum-Selection Committee. The committee will include nominees from the Chancellor/Visitor, UGC […]
World Economic Forum (WEF) Annual Meeting 2025
World Economic Forum (WEF) Annual Meeting 2025: The World Economic Forum (WEF) Annual Meeting 2025, hosted in Davos, Switzerland, brings together global leaders from business, politics, and civil society to discuss critical global issues. The WEF was founded in 1971 as the European Management Forum, later renamed the World Economic Forum in 1987. The WEF […]
