NATIONAL NEWS
In A First, Kerala Sets Up Drug Price Monitoring And Research Unit To Curb Overcharging Of Medicines
In a first, the Kerala government has set up a price monitoring and research unit (PMRU) to track violation of prices of essential drugs and medical devices under Drugs Price and Control order,
- The move reportedly comes after the National Pharmaceutical Pricing Authority(NPPA) proposed such a system for states and union territories.
Words Count Festival held in Pune
The second eidtion of the festival of words, Words Count, curated by the award-winning screenwriter, author and columnist Advaita Kala, was held on February 3 in Pune, Maharashtra.
Assam Tops In Budgetary Practices Followed By States: Transparency International
Assam occupied the top slot in the ranking of best practices followed by states in the Budget formulation, followed by Andhra Pradesh and Odisha, as per a survey by Transparency International.
- The survey is based on 4 parameters which include public disclosure, budgetary process, post-budget fiscal management and efforts to make the budget more transparent and citizen-friendly. The states which figured lower in the ranking were Meghalaya, Manipur and Punjab.
BANKING & FINANCE
Fino Payments Bank partners with Suryoday Small Finance Bank to offer sweep account facility
Fino Payments Bank (FPB) has announced the launch of a sweep account facility in association with Suryoday Small Finance Bank (SSFB). This partnership will help FPB address the issue of deposit limits that all the payment banks face at the moment.
BUSINESS & ECONOMY
ADB buys 14% stake in Annapurna Finance
The Asian Development Bank (ADB) has bought a 14% stake in micro-financier Annapurna Finance for Rs 137 crore, reinforcing the belief that India’s microfinance sector is on course to attracting long-term funds from global lenders and investors.
Swiggy acquires AI start-up Kint.io
Online food delivery start-up Swiggy has made its first acqui-hire in the deep technology space through an AI start-up Kint.io for an undisclosed amount. As part of this, the founding team of Kint.io will join Swiggy.
IndoStar Capital to acquire IIFL Finance’s CV finance business
IndoStar Capital Finance Ltd (IndoStar) , a non-banking finance company, has signed a binding agreement to acquire the CV finance business of India Infoline Finance Ltd (IIFL Finance), a subsidiary of IIFL Holdings Ltd.
India's April-December fiscal deficit crosses 112% of target
According to the data furnished by the Controller General of Accounts (CGA), India's budgetary fiscal deficit for the April-December period stood at Rs 7.01 lakh crore or 112.4 per cent of the budgeted target of Rs 6.24 lakh crore.
APPOINTMENTS
P V Bharathi assumes charge as CEO of Corporation Bank
P V Bharathi, executive director of Canara Bank, has assumed charge as managing director and Chief Executive Officer (CEO) of the Mangalore-based Corporation Bank.
- She is the first woman to serve the bank in this capacity.
Former mayor Nayib Bukele wins El Salvador’s presidential election
Nayib Bukele, a former mayor of San Salvador was declared the winner in El Salvador’s presidential race, saying the country had left behind the postwar period by electing a young alternative to the two-party system.
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