DHFL becomes 1st financial services firm to be taken to NCLT
The Reserve Bank of India (RBI) has referred Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for insolvency proceedings, making it the first financial services player to go NCLT for a possible debt resolution.
DHFL has a debt of Rrs.83,873 crore. As per the statutory inspection of DHFL conducted by the National Housing Bank, the DHFL showed a serious deterioration in its finances. It had public deposits of Rs.6,188 crore as on 6 July 2019, down from Rs.10,166.72 crore as on 31 March 2018.
DPIIT invites applications for first ever National Startup Awards 2020
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry has announced institution of first ever National Startup Awards. The award was launched by Piyush Goyal, Union Minister for Commerce and Industry and Railways. The applications for the awards are open till 31 December 2019.
Shri Hari Mohan takes over as Chairman, Ordnance Factory Board
Shri Hari Mohan has taken over the charge as Chairman, Ordnance Factory Board (OFB) w.e.f. December 01, 2019 from Shri Saurabh Kumar who superannuated from the services.
A 1982-batch Indian Ordnance Factories’ Service (I.O.F.S.) officer with Post Graduate Degree in Mechanical Engineering, Shri Hari Mohan had been a topper of University of Allahabad & University of Pune while obtaining his Bachelor & Masters in Mechanical Engineering. He holds an M. Phil in Public Administration.
Soma Roy Burman takes charge as new Controller General of Accounts
Smt. Soma Roy Burman, a 1986-batch Indian Civil Accounts Service (ICAS) Officer, took charge as the new Controller General of Accounts here. Smt. Burman is the 24th Controller General of Accounts (CGA) and is the seventh woman to hold this coveted position.
RBL Bank to raise ₹826 cr. from 5 investors
The board of private sector lender RBL Bank has decided to raise ₹826 crore equity capital from five investors to boost its capital base. The bank will issue 24.24 million shares to these investors at ₹340.7 a piece, the bank said in a communication in the stock exchange.
Bengal has lowest NPA in SHG portfolio: Official
West Bengal boasts of having the lowest NPA in the self-help groups (SHGs) portfolio in the country where eight lakh such units are operating, a senior state government official has claimed on Saturday.
Speaking at the Indian Chamber of Commerce (ICC) event, secretary of the Panchayat and Rural Development department Choten Lama said “West Bengal has the lowest NPA in the country in the SHG portfolio, which is less than 2 per cent. The state has over eight lakh SHGs”.
World AIDS Day 2019 : December 01
The theme of this year’s World AIDS Day is “Communities make the difference”.
The commemoration of World AIDS Day, which will take place on 1 December 2019, is an important opportunity to recognize the essential role that communities have played and continue to play in the AIDS response at the international, national and local levels.
China introduces mandatory face scans for phone users
China will require telecom operators to collect face scans when registering new phone users at offline outlets starting Sunday, according to the country’s information technology authority, as Beijing continues to tighten cyberspace controls.
In September, China’s industry and information technology ministry issued a notice on “safeguarding the legitimate rights and interests of citizens online”, which laid out rules for enforcing real-name registration.
PM Modi extends greetings to BSF personnel on its Raising Day
On the occasion of BSF Raising Day, Prime Minister Narendra Modi has extended greetings to Border Security Force personnel for diligently protecting the borders.
Taking to Twitter, Modi tweeted, “Greetings to all BSF personnel and their families on BSF’s Raising Day. This force has been diligently protecting our borders. During natural disasters and crisis situations, BSF personnel have always worked hard to serve our citizens. Best wishes to the BSF family.
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