Business & Economy
SBI Launched India’s First Bond Index Series
State Bank of India (SBI) has launched The FTSE SBI Bond Index Series at London Stock Exchange.
It is India’s first bond index series for overseas investors.
Masala Bonds are Out of Corporate Bond Limit for FPIs
The limit of corporate bond investment for foreign investors is increased by RBI.
The step is a result of rupee-denominated bonds, or Masala bonds, to be taken out from the ambit of total debt investment limit.
India
PM Modi Launched Saubhagya Yojana
Prime Minister Narendra Modi had launched Pradhan Mantri Sahaj Bijli Har Ghar Yojana also called ‘Saubhagya’
It aims at providing electricity to over four crore families in rural and urban areas by December 2018
This scheme will use Rs 16,320-crore for the upliftment.
NITI Ayog launched SATH Program in Assam
The Department of Health and Family Welfare, Government of Assam and NITI Aayog launched SATH Program.
SATH is an acronym of Sustainable Action for Transforming Human Capital.
Pradhan Mantri LPG Panchayat Under PMUY Launched
Pradhan Mantri LPG Panchayat was launched by Dharmendra Pradhan
The scheme is a backup to the Pradhan Mantri Ujjwala Yojana
The scheme is launched to distribute LPG connections among the rural areas where conventional fuel is used for.
Multi-Agency Exercise ‘Pralay Sahayam’ Held in Hyderabad
‘Pralay Sahayam’, a multi-agency exercise, was conducted on the banks of Hussain Sagar Lake in Hyderabad.
The event highlighted the efforts of all central and state agencies, National Disaster Relief Force (NDRF).
Awards & Appointments
C.N.R Rao Chosen for Von Hippel Award
C.N.R Rao who is a famous scientist is chosen for the Von Hippel Award for his immense contribution in materials research.
He has become the first Asian to be chosen for the prestigious
The award will be presented in Boston on November 29, 2017.
Rajiv Mehrishi Takes Charge of Comptroller and Auditor General
Rajiv Mehrishi, who is Former Home Secretary, took over as the Comptroller and Auditor General (CAG) of India
He will succeed Shashi Kant Sharma who retired on September 23 2017.
He is the 13th CAG of India.
Economic Advisory Council Constituted by Prime Minister
A panel of economic advisors to help the government to analyse and advise on key issues is constituted by Prime Minister Narendra Modi.
The Economic Advisory Council to the Prime Minister (EAC-PM) will be headed.
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