DEPWD and NHRDN Partner to Enhance Employment Prospects for Divyangjans
A landmark move In a landmark move, the Department of Empowerment of Persons with Disabilities (DEPWD) and the National Human Resources Development Network (NHRDN) have signed a memorandum of understanding on the closing day of the International Purple Fest in Goa. This strategic collaboration aims to aggregate employment opportunities for Divyangjans through the innovative PM-DAKSH-DEPWD […]
Breaking Records: REC Limited’s 61.1 Billion Yen Green Bonds Lead India’s Green Revolution
REC Limited, a leading government-owned infrastructure finance company in India, has made a significant foray into the international green finance market by successfully issuing its inaugural Yen Denominated Green Bonds. The issuance, totaling 61.1 Billion Japanese Yen (approximately 555 million USD), marks a milestone in REC’s commitment to sustainability and renewable energy initiatives. Green Bonds […]
Revolutionizing India’s Energy Landscape: New Rules to Boost Green Hydrogen and Energy Transition
The Minister for Power, Mr. R. K. Singh, has unveiled a series of new regulations designed to foster a more conducive environment for industries such as Green Hydrogen manufacturers. These rules are poised to expedite the establishment of energy storage capacity and play a pivotal role in advancing the energy transition while simultaneously securing the […]
India and Singapore Connect Through NPCI’s UPI-PayNow Linkage
Revolutionizing Cross-Border Transactions India and Singapore have taken a significant leap in financial technology by integrating their digital payment systems, UPI (Unified Payments Interface) and PayNow. This integration marks a major milestone in the evolution of international financial transactions, paving the way for a more connected global economy. The UPI-PayNow Linkage: A Game-Changer The linkage […]
New Development Bank Commits $700 Million to Accelerate India’s Sustainable Infrastructure Projects
Vladimir Kazbekov, the Vice President and Chief Operations Officer of the New Development Bank (NDB), recently completed a four-day visit to India with the aim of deepening partnership opportunities in various sectors of mutual interest. These sectors include renewable energy, transportation, water and sanitation, and social and digital infrastructure. During his visit, Mr. Kazbekov participated […]
Expanding Horizons: IIT Madras to Open a New Campus in Kandy, Sri Lanka
In a landmark move, the Indian Institute of Technology (IIT) Madras has announced its plans to open a new campus in Kandy, Sri Lanka. This is the second overseas campus of the premier engineering institute, after Tanzania, and a testament to the growing educational ties between India and Sri Lanka. Why Kandy? Kandy is a […]
Indian Traders Shift to WazirX, CoinDCX Following Binance Crackdown
The world’s largest cryptocurrency exchange, Binance, has faced a major setback in India as the government has restricted access to its platform and other foreign crypto exchanges operating without local registrations. As a result, many Indian traders have moved their deposits to domestic rivals like WazirX, CoinDCX, and CoinSwitch Kuber, which have seen a surge […]
Government Receives Whitelist of Loan Apps from RBI Governor Shaktikanta Das, Non-Compliant Apps to Face Repercussions
RBI Shares Whitelist of Loan Apps Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the central bank has shared a whitelist of lending apps with the Centre. The list was compiled from loan apps used by regulated entities such as banks and non-banking financial companies (NBFCs). Action Against Illegal Loan Apps The Union […]
SECI Awards Adani with Green Hydrogen Electrolyser Facility Project
Adani Enterprises, one of India’s largest conglomerates, has received a major order from the Solar Energy Corporation of India (SECI) to set up an electrolyser facility for green hydrogen production. The order is part of the government’s Production Linked Incentive (PLI) scheme for green hydrogen, which aims to boost domestic manufacturing and reduce dependence on […]
Shree Mahalaxmi Mercantile Co-operative Bank Loses Licence: RBI’s Immediate Action
Immediate Cancellation The Reserve Bank of India (RBI) has cancelled the licence of The Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi, Gujarat, with immediate effect. The bank has ceased to carry on banking business from the close of business on January 12, 2024. Reasons for Cancellation The Shree Mahalaxmi Mercantile Co-operative Bank does not have […]