NATIONAL NEWS
J-K sets up law commission, Justice Hanjura appointed its founding chairperson
The Jammu and Kashmir administration set up a law commission, with Justice (Retd) M K Hanjura as its founding chairperson, to identity redundant and obsolete laws that can be repealed and suggest measures for quick redress of public grievances.
1st Ever Global Aviation Summit To Be Held In Mumbai
In a first, the 2-day long Global Aviation Summit 2019 with the theme “Flying for all” will be organized by the Ministry of Civil Aviation (MoCA) in collaboration with FICCI from January 15-16, 2019 in Mumbai, Maharashtra.
- The Summit aims to focus on the celebration of ‘Flying for All’ and to provide a platform to the aviation fraternity to showcase the challenges of the sector in the newly developing growth spots and understand how the technology-driven innovations will change the air travel in future.
BANKING & FINANCE
Gruh Finance To Merge With Bandhan Bank
Gruh Finance Ltd. is set to merge with Bandhan Bank Ltd. in a share-swap deal. The merger will help reduce the stake of Kolkata-based bank’s promoter entities, while giving HDFC—the largest shareholder in Gruh Finance—a 14.96 percent stake in the combined firm.
BUSINESS & ECONOMY
NABARD sets up venture capital entity
NABARD announced that it will provide early-stage capital to agriculture and rural enterprises through its venture capital entity, ‘NABVENTURES Ltd’. NABVENTURES Ltd has been incorporated by NABARD under the Companies Act.
- Headquarter: Mumbai
Chairman: Harsh Kumar Bhanwala
CSO Forecasts Indian Economy To Grow At 7.2% In 2018-19
Releasing the first advance estimates of National Income for 2018-19, Central Statistics Office (CSO) stated that the growth in GDP during 2018-19 is estimated at 7.2% as compared to the growth rate of 6.7% in 2017-18, mainly due to improvement in the performance of agriculture and manufacturing sectors.
Per Capita Income Doubled In 7 Years: CSO
The income earned by an average Indian doubled in 7 years, from Rs 63,642 per year in 2011-12 to Rs 1.25 lakh in 2018-19, the first advance estimates of national income released by the Central Statistics Office (CSO) show.
APPOINTMENTS/RESIGNATIONS
Gita Gopinath joins IMF as Chief Economist
Mysore-born Gita Gopinath has joined International Monetary Fund as its chief economist, becoming the first woman to occupy the top IMF post.
Alok Verma Reinstated As CBI Chief By Supreme Court
Alok Verma has been reinstated as the CBI chief by the Supreme Court, three months after the government divested him of his powers and sent him on forced leave
Jim Yong Kim Resigns As President Of The World Bank
World Bank Group President Jim Yong Kim unexpectedly resigned, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources.
Malaysia’s King Muhammad V becomes 1st Monarch to resign before completing tenure
Malaysia’s King Muhammad V abdicated after two years on the throne, the first time a monarch has stepped down before completing their five-year tenure.
AWARDS
Journalist Dinu Randive conferred with lifetime achievement award
Veteran journalist Dinu Randive has been conferred with the lifetime achievement award by the Mantralaya and Vidhimandal Vartahar Sangh, an association of journalists covering Maharashtra legislature and secretariat.
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