India to grow at 7.8% in year 2016: World Bank Report
The Global Economic Prospect report published recently by the World Bank (WB) has projected a robust 7.8 per cent growth for the Indian economy in the year 2016. In its report bank also has cited strong investor sentiment in India and the positive effect on real incomes of the recent fall in oil prices
India-France military exercise Shakti-2016 begins
India and France have started their eight-day counter-terrorism and counter-insurgency bilateral military exercise Shakti-2016 in Rajasthan. In this bilateral exercise, French contingent comprising 56 personnel of 35th Infantry Regiment of 7th Armoured Brigade are participating. Indian side is being represented by the 2nd Battalion of Garhwal Rifles which is part of the Sapta Shakti Command.
ICICI Bank partners with FINO PayTech for payments bank space
India’s largest private sector lender ICICI Bank has partnered with FINO PayTech to foray into the payments bank space. With this partnership, ICICI Bank joins some of the leading lenders of the country that have partnered with payments banks. For example, Kotak Mahindra Bank (KMB) and State Bank of India (SBI) have picked up stake in payments banks to be floated by Bharti Group and Reliance Industries respectively.
India’s largest private sector lender ICICI Bank has partnered with FINO PayTech to foray into the payments bank space. With this partnership, ICICI Bank joins some of the leading lenders of the country that have partnered with payments banks. For example, Kotak Mahindra Bank (KMB) and State Bank of India (SBI) have picked up stake in payments banks to be floated by Bharti Group and Reliance Industries respectively.
ASW corvette INS Kadmatt commissioned in Visakhapatnam
Anti-submarine warfare (ASW) corvette INS Kadmatt has been commission in the Indian Navy by Chief of the Naval Staff Admiral R K Dhowan at naval dockyard in Visakhapatnam It is the second ship of Project 28 (P28) class ASW corvettes and is the latest ship after Shivalik class, Kolkata class and INS Kamorta.
Union Government launches River Information System
Anti-submarine warfare (ASW) corvette INS Kadmatt has been commission in the Indian Navy by Chief of the Naval Staff Admiral R K Dhowan at naval dockyard in Visakhapatnam It is the second ship of Project 28 (P28) class ASW corvettes and is the latest ship after Shivalik class, Kolkata class and INS Kamorta.
Union Government launches River Information System
India’s first River Information System (RIS) was launched by Union Government facilitate safe and accurate inland waterway navigation. It has been launched in phases and the first phase will cover 145-km stretch of National Waterways 1 (Phase I- Haldia to Farakka) on the Ganges River. Inland Waterway Authority of India (IWAI), a statutory body under the aegis of Union Ministry of Shipping is implementing the RIS in India.
Government decides to merge Ministry of Overseas Indian Affairs with MEA
Government decides to merge Ministry of Overseas Indian Affairs with MEA
Union Government has decided to merge Ministry of Overseas Indian Affairs (MOIA) with the Ministry of External Affairs (MEA). This decision has been taken to avoid duplication of work and to improve efficiency in line with Union Government’s broad principle of minimum government, maximum governance. The merger was announced by Union External Affairs Minister Sushma Swaraj and proposal in this regard was cleared by Prime Minister Narendra Modi.
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