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SBI Caps appointed as transaction adviser to Ministry of Defence
For the first time, the Defence Ministry has appointed a transaction adviser and a legal adviser for procurement projects under the Strategic Partnership (SP) model. SBI Caps [Capital Markets] has been appointed as the transaction adviser. The first task for ..
Cabinet approves National Digital Communications Policy-2018
Union Cabinet chaired by Prime Minister Narendra Modi has approved National Digital Communications Policy-2018 (NDCP 2018). It also has re-designated Telecom Commission as Digital Communications Commission. It replaces existing National Telecom Policy-2012 to cater to the modern needs of the ..
Month: Current Affairs - September, 2018
Government launches Financial Inclusion Index
Union Minister of Finance and Corporate Affairs Arun Jaitley launched Financial Inclusion Index in New Delhi. It was launched after his Annual Performance Review Meeting with CEOs of Public Sector Banks (PSBs). Financial Inclusion Index (FII) The annual FII will ..
Month: Current Affairs - September, 2018
NSE, LSE inks MoU for dual listing of masala bonds
National Stock Exchange of India (NSE) and London Stock Exchange (LSE) have signed Memorandum of Understanding (MoU) to collaborate on creating dual listing route for masala bonds and foreign currency bonds of Indian issuers. Through approval of single listing document, ..
Month: Current Affairs - September, 2018
World Bank endorses Country Partnership Framework for India's transition to high-middle income nation
World Bank board has approved ambitious five-year Country Partnership Framework (CPF) for India that is in line with Government of India’s objectives of high, sustainable and inclusive growth. The framework is aimed at supporting India’s transition to higher middle-income country ..
Month: Current Affairs - September, 2018
Fitch raises India's GDP forecast to 7.8% from 7.4% for FY19
Fitch Ratings in its Global Economic Outlook has revised up India’s growth forecast for current fiscal year (2018-19) to 7.8% from 7.4% projected earlier. However it has flagged tightening of financial conditions, weak bank balance sheets and rising oil bill ..