Nabard launches Centre for Climate Change

Nabard launches Centre for Climate Change
NABARD has launched a centre for accelerating concerted action on climate change by various stakeholders including government, private and financial sectors. The Centre for Climate Change has been set up in Lucknow. It would also support capacity building and project preparation effort in developing countries in the region as also in Africa.

J K Rowling’s next book ‘Lethal White’

J K Rowling will come out with the fourth novel “Lethal White” in the series about the exploits of private investigator Cormoran Strike under her pseudonym Robert Galbraith. The three previous Strike novels are “The Cuckoo’s Calling” (2013), “The Silkworm” (2014) and “Career of Evil”(2015). J K Rowling is well renowned for her Harry Potter Series.

‘Paudhagiri’ campaign launched in Haryana

Haryana Chief Minister Manohar Lal Khattar launched the ‘Paudhagiri’ campaign, aimed at increasing the green cover in the state. Under this campaign, 22 lakh students from class 6 to 12 of all government and private schools in Haryana will plant a sapling each during three months of monsoon. The student will get Rs 300 per year for 3 years for looking after a sapling planted by him or her.

India becomes 69th shareholder of EBRD

India has been formally announced as the 69th shareholder of the European Bank for Reconstruction and Development (EBRD). India has only taken a shareholding in EBRD but it will not be a recipient of EBRD financing. London-headquartered EBRD is a multilateral development bank set up in 1991 after the fall of the Berlin Wall to promote private & entrepreneurial initiative in emerging Europe.

Institution of eminence status

Prakash Javadekar has released list of 6 institutes, 3 in public & 3 in private sector, which have been accorded the status of Institution of Eminence by the government. In the public sector, IIT Delhi, IIT Bombay & IISc Bangalore have been granted the status. Manipal Academy of Higher Education, BITS Pilani & Jio Institute have been granted institution of eminence tag in the private sector

Private hospitals to provide free treatment

The Supreme Court said all private hospitals in Delhi must provide free treatment to certain percentage of poor patients. Providing treatment to the poor was one of the clauses in the lease deed due to which land was given to hospitals at a very cheap price. The Supreme Court will monitor the functioning of private hospitals to ensure that the poor patients are treated free of cost.

ICICI’s mortgage portfolio crosses 1.5 tn

ICICI Bank has announced that its mortgage loan portfolio crossed the Rs 1.5-trillion milestone. This made it the largest private player in the segment, and the lender is targeting to grow it to Rs 2 trillion by FY20. At Rs 1.5 trillion, the mortgage loan-book is half of the bank’s overall retail loan portfolio of around Rs 3 trillion.

Bank credit rises 3.4% in Dec. 2017 quarter

Bank credit grew 3.4% on a sequential basis in the December 2017 quarter. It was due to better performance by private sector banks and an uptick in industrial credit after two successive quarters of declines, according to the Reserve Bank data. At the end of the December quarter, bank credit stood at ?80.62 trillion compared with ?77.95 trillion in the Sept 2017 quarter as per the RBI data.

India Sixth Wealthiest Country

India is the sixth wealthiest country in the world with a total wealth of US $8,230 billion. The US is the wealthiest country in the world with a total wealth of US $62,584 billion, according to the AfrAsia Bank Global Wealth Migration Review.Total wealth refers to the private wealth held by all the individuals living in each country. It includes all their assets less any liabilities.

TN to build India’s next generation aircraft

The Aeronautical Development Agency has set the ball rolling for building the Advanced Medium Combat Aircraft by extending an invitation to private players in Tamil Nadu (TN). It is the first time an indigenous military aircraft programme is seeing the involvement of private players. It is also the first time a defence plane development project is proposed to be executed outside Bengaluru.