IMF approves $3-billion bailout for Sri Lanka

IMF approves $3-billion bailout for Sri Lanka

The International Monetary Fund (IMF) on March 20 cleared a $3 billion-Extended Fund Facility (EFF) for Sri Lanka, potentially unlocking more loans for the debt-ridden island nation that is struggling to recover from last year’s economic meltdown. “The objectives of the EFF-supported programme are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and…

PM Modi Lays Foundation Stone for Kashi Ropeway

PM Modi Lays Foundation Stone for Kashi Ropeway

Prime Minister Narendra Modi’s parliamentary constituency – Varanasi (Kashi) – is set to get the world’s third ropeway public transport system. The launch of the project, would not only make Kashi the first city in India to have ropeway public transport, but will also make India, the third country in the world after Bolivia and Mexico to have this urban transit system.

RBI’s Data Centre And Cybersecurity Training Institute To Come Up In Bhubaneswar

RBI’s Data Centre And Cybersecurity Training Institute To Come Up In Bhubaneswar

The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, initiated the establishment of a “Greenfield Data Centre” and an “Enterprise Computing & Cybersecurity Training Institute” in Bhubaneswar, Odisha, during a foundation stone laying ceremony. The new Data Centre and Training Institute, which will cover an area of 18.55 acres, will be able to address the emerging needs of the RBI and the financial sector, according to a statement by the central bank.

India aims at becoming ‘Global Hub for Green Ship’

India aims at becoming ‘Global Hub for Green Ship’

India is aiming to become a leader in the global shipbuilding industry by launching the Green Tug Transition Programme (GTTP) and setting a goal of becoming a ‘Global Hub for Green Ship’ building by 2030. The GTTP will start with the production of Green Hybrid Tugs, which will run on Green Hybrid Propulsion systems, and eventually switch to alternative fuel sources like Methanol, Ammonia, and Hydrogen.

Manmeet Nanda appointed new MD & CEO of Invest India

Manmeet Nanda appointed new MD & CEO of Invest India

The board of Invest India has appointed Manmeet K Nanda as the Managing Director and Chief Executive Officer of the investment promotion and facilitation body under the Department for Promotion of Industry and Internal Trade (DPIIT). Nanda, is joint secretary in the DPIIT and succeeds Deepak Bagla, who resigned from the post last week.

‘World Trade Center’ To Come Up In Kolkata’s Salt Lake

‘World Trade Center’ To Come Up In Kolkata’s Salt Lake

Merlin Group has partnered with the World Trade Centers Association to develop a World Trade Center in Kolkata that will cover an area of 3.5 million square feet. The project’s License Agreement was signed by Scott Wang, Vice President of the World Trade Centers Association (WTCA) Asia Pacific region, and Merlin Group’s Chairman, Sushil Mohta, and Managing Director, Saket Mohta.

International Day of Forests: 21st March “Healthy forests for healthy people”

International Day of Forests: 21st March “Healthy forests for healthy people”

The International Day of Forests is celebrated on March 21 every year to highlight the importance and significance of forests and raise awareness about forest restoration. Forests being the lungs of the world, filter out sediments and purify water and clean the air we breathe.

Africa-India field training exercise, AFINDEX-23 to be held in Pune, India

Africa-India field training exercise, AFINDEX-23 to be held in Pune, India

The second edition of Africa-India Field Training Exercise, (AFINDEX-2023) will be held from March 21-30 in Pune. The chief aim of the exercise is to enable the participating contingents to hone their tactical skills, drills and procedures in joint operations for peacekeeping under UN mandate, create synergy and better understanding with armies of African nations and promote Indian defence Industries.

Nepal-India Literature Festival concludes with adoption of 10-point Biratnagar declaration

Nepal-India Literature Festival concludes with adoption of 10-point Biratnagar declaration

The declaration included translating Nepali literature into Hindi and Hindi into Nepali for mutual promotion, undertaking further research on connecting Mahabharat-era King Birat’s palace with the Mahabharat Circuit in coordination with the Department of Archeology and historians and encouraging young literary writers to further explore the archaeological artefacts.

India invited for G7 Hiroshima Summit in Japan

India invited for G7 Hiroshima Summit in Japan

India and Japan have signed two documents on the sidelines of the bilateral talks between Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida. The agreements include the Renewal of the Memorandum of Cooperation in Japanese language, and Exchange of notes on JICA loan for 300 billion Yen on the Mumbai-Ahmedabad high-speed railway project. 

IMF approves Sri Lanka’s much-awaited bailout package

IMF approves Sri Lanka’s much-awaited bailout package

The Executive Board of the International Monetary Fund has approved Sri Lanka’s bailout program under an Extended Fund Facility. The package of 2.286 billion special drawing rights equivalent to about 3 billion dollars will be available over 4 years. The Executive Board’s decision will enable an immediate disbursement of 333 million dollars.

India’s Ordnance Factories Day 2023: 18th March

India’s Ordnance Factories Day 2023: 18th March

Ordnance Factory Day 2023: In India, Ordnance Factory Day is celebrated annually on March 18th, marking the establishment of the first Ordnance factory by the British in Cossipore, Kolkata, in 1801 during colonial rule. The Ministry of Defence celebrates this day by raising the Indian flag, singing the national anthem, and showcasing various artillery and…

India’s Ladakh and Mayurbhanj featured in TIME’s 2023 list of World’s Greatest Places

India’s Ladakh and Mayurbhanj featured in TIME’s 2023 list of World’s Greatest Places

TIME Magazine has recently revealed its annual list of the 50 greatest places in the world for 2023, highlighting destinations that offer unique and sustainable experiences as travel rebounds this year. India’s Ladakh and Mayurbhanj featured in TIME’s 2023 list of World’s Greatest Places.

India & World Bank signs loan agreement for construction of Green National Highway Corridors Project in 4 States

India & World Bank signs loan agreement for construction of Green National Highway Corridors Project in 4 States

The Government of India and the World Bank have signed an agreement for the Green National Highway Corridors Project, with loan assistance of $500 million against total project cost of $1,288.24 million (Rs 7,662.47 crore).

RBI’s Shaktikanta Das named ‘Governor of the Year’ by Central Banking

RBI’s Shaktikanta Das named ‘Governor of the Year’ by Central Banking

The Reserve Bank of India Governor, Shaktikanta Das was awarded the title ‘Governor of the Year’ for 2023 by Central Banking for his leadership during difficult periods, such as the failure of a significant non-banking company, COVID-19 pandemic, and the inflationary effects caused by Russia’s invasion of Ukraine.

Suryodaya Small Finance Bank launched Blossom Women’s Savings Account

Suryodaya Small Finance Bank launched Blossom Women’s Savings Account

Suryoday Small Finance Bank announced the launch of ‘Blossom Women’s Savings Account’ with 7 percent per annum interest rate with monthly interest credit. In addition to this, specially designed RuPay Platinum Debit Card offering discount on shopping and online purchases will also be available with the account.

Uttarakhand govt approves 10 % horizontal reservation for statehood activists in state govt jobs

Uttarakhand govt approves 10 % horizontal reservation for statehood activists in state govt jobs

In Uttarakhand, the government has given approval to the 10 percent horizontal reservation to the statehood activists in the state government  job.
The decision was taken in the cabinet meeting held at Bhararisain under the chairmanship of Chief Minister Pushkar Singh Dhami.

Asia’s biggest International Food and Hospitality Fair – AAHAR 2023 begins in Delhi

Asia’s biggest International Food and Hospitality Fair – AAHAR 2023 begins in Delhi

The objective of Aahar 2023, which was put together with the help of the Union Ministry of Food Processing Industries, the Agriculture and Processed Food Produacts Export Development Authority (APEDA), and other organisations, is to showcase the hospitality industry’s potential and showcase technologies, goods, and services to both domestic and foreign consumers.

FDIC appoints former Fannie Mae chief Tim Mayopoulos as CEO of Silicon Valley Bank

FDIC appoints former Fannie Mae chief Tim Mayopoulos as CEO of Silicon Valley Bank

Tim Mayopoulos, the former CEO of Fannie Mae, was appointed by the Federal Deposit Insurance Corporation (FDIC) to lead Silicon Valley Bank. He takes over after the startup-focused lender was shut down by regulators as a result of a run on its deposits, which left it with insufficient capital.

Union Minister Anurag Singh Thakur inaugurates Youth-20 Consultation series in Pune

Union Minister Anurag Singh Thakur inaugurates Youth-20 Consultation series in Pune

Union Minister for Youth Affairs Anurag Singh Thakur said that young people are equal stakeholders in the present scenario. While inaugurating the fourth Y20 consultation meeting in Pune, he said that the Y20 Summit presents a unique platform for young minds to share their vision, values, and ideas, and develop solutions and recommendations which will be presented to G20 leadership.

A book titled “As Good as My Word” wrote by KM Chandrasekhar

A book titled “As Good as My Word” wrote by KM Chandrasekhar

“As Good as My Word,” written by KM Chandrasekhar, who served as the Cabinet Secretary from 2007 to 2011, begins as an autobiography with descriptive descriptions of his early years, academic career, and college years, all of which take place inside the walls of a modest but orderly Malayali home.

Axis Mutual Funds CEO Chandresh Nigam Quits Amid SEBI Probe

Axis Mutual Funds CEO Chandresh Nigam Quits Amid SEBI Probe

Mutual Fund the asset management arm of Axis Bank announced that its chief executive officer (CEO) and managing director (MD) Chandresh Nigam has quit the company after Securities and Exchange Board of India’s (SEBI) order regarding the front-running in the fund house surfaced. Nigam will be replaced by B Gopkumar MD and CEO of Axis Securities.

Arun Subramanian Becomes First Indian-American US District Judge in New York

Arun Subramanian Becomes First Indian-American US District Judge in New York

Indian American attorney Arun Subramanian became the first member of the community to become a Judge of the Manhattan Federal District Court of New York, also becoming the first South Asian judge to serve on the United States District Court for the Southern District of New York.

Xi Jinping gets endorsed as President of China for record third term

Xi Jinping gets endorsed as President of China for record third term

Chinese leader Xi Jinping was on 10th March endorsed by hand-picked Communist party elites for an unprecedented third term as president in a ceremonial vote at the Great Hall of the People. With this, 69-year-old Xi has emerged as China’s most dominant leader in decades, rivalling in stature the iconic Mao Zedong.