Enhancing Accessibility: 597 Railway Stations Equipped with Lifts or Escalators for Divyangjan
Introduction Indian Railways is committed to make its railway stations and trains accessible for Divyangjans as part of “Sugamya Bharat Mission” or Accessible India Campaign of Government of India. In order to facilitate easy movement of elderly, sick and Divyangjans and for smooth access to platforms of major railway stations and for ease of movement, […]
LIC Surpasses SBI: Emerges as the Most Valuable Public Sector Undertaking
Life Insurance Corporation of India (LIC), the government-owned insurance giant, has surpassed the State Bank of India (SBI) to emerge as the most valuable Public Sector Undertaking (PSU) in India. In the early trades today on January 17, 2024, LIC’s Market Capitalization (MCap) reached ₹5.70 lakh crore, outpacing SBI’s MCap of ₹5.68 lakh crore, marking […]
Digital Co-Lending Revolution: Karnataka Bank and Clix Capital Collaborate via Yubi Platform
A new partnership to serve the MSME sector Karnataka Bank, a leading private sector bank, and Clix Capital, a fast-growing new-age NBFC, have announced a strategic digital co-lending partnership through YubiCo.Lend platform. The partnership is aimed at providing loans to the Indian MSME sector, which is one of the biggest contributors to India’s GDP and […]
RBI’s Draft Guidelines for Fintech Self-Regulation: A New Era in Financial Technology
The Reserve Bank of India (RBI) has recently released a draft framework for recognising Self-Regulatory Organisations (SRO) for the FinTech sector, inviting comments and feedback from stakeholders and the public by the end of February 2024. The draft framework aims to achieve a healthy balance between facilitating innovation by the industry and meeting regulatory priorities […]
PM Modi Unveils Rs 4000 Cr Projects, Envisions Kochi as Future Shipbuilding Centre
Prime Minister Narendra Modi inaugurated three major projects worth Rs 4,000 crore in Kochi on Wednesday, January 17, 2024, with a vision to transform India’s ports, shipping and waterways sectors. The projects include the New Dry Dock (NDD) and the International Ship Repair Facility (ISRF) of Cochin Shipyard Limited (CSL) and the LPG Import Terminal […]
At Davos WEF Meet, Karnataka Govt Secures Rs 22,000 Crore Deals with Seven Companies
The Karnataka government has announced that it has signed Memorandums of Understanding (MoUs) with seven companies for investment proposals worth Rs 22,000 crore at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. The MoUs were signed on Wednesday, January 17, 2024, by a delegation from the state led by Minister for Large and […]
Government Enforces Adoption of Standardized Solar DC Cables
The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a Quality Control Order (QCO) for Solar DC Cables, which are used for connecting solar panels and other components of photovoltaic systems. The QCO aims to ensure the safety, reliability and performance of these cables, which are exposed to harsh weather conditions and […]
IREDA and Indian Overseas Bank Join Forces to Co-Finance Renewable Energy Projects
A New Partnership for Green Energy State-owned Indian Renewable Energy Development Agency (IREDA) and Indian Overseas Bank (IOB) have signed a memorandum of understanding (MoU) to co-finance renewable energy projects in India. The agreement was signed in the presence of IREDA CMD Pradip Kumar Das and IOB MD and CEO Ajay Kumar Srivastava in New […]
IMF Chief Predicts AI’s Global Impact: 40% of Jobs to be Affected
Artificial intelligence (AI) is poised to profoundly change the global economy, with both positive and negative effects on workers, productivity and growth, according to the International Monetary Fund (IMF) chief Kristalina Georgieva. AI and job security In a recent interview with AFP, Ms. Georgieva said that AI will affect 60% of jobs in advanced economies, […]
TCS Targets Full Staff Training in Gen AI Skills: A Leap Towards Future
Tata Consultancy Services (TCS), the largest IT services exporter in India, has announced its ambitious plan to train its entire workforce of over 500,000 software engineers on Generative Artificial Intelligence (AI) skills. This move is aimed at creating one of the world’s largest AI-ready workforce and tapping into the huge potential of Gen AI for […]