Here’s your daily summary of Current Affairs.
Banks to Provide Funds at 7% to Women SHGs
The RBI has issued guidelines to banks to provide funds to women self-help groups, SHGs, in rural areas at 7% under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) in the current fiscal (2017-18). The central bank has revised guidelines on interest subvention scheme under DAY-NRLM, as received from the Ministry of Rural Development for implementation by 21 public sector banks and 19 private banks. National Rural Livelihood Mission (NRLM) is a poverty alleviation project implemented by Ministry of Rural Development, Government of India. NRLM is focused on promoting self-employment and organization of rural poor. Deen Dayal Antyodaya Yojana or DAY is a Government of India scheme for the helping the poor by providing skill training.
New Zealand to have a new Prime Minister, youngest in over 150 years
New Zealand will get its youngest Prime Minister in more than 150 years after the small, nationalist New Zealand First Party agreed to form a new government with Labour Party leader Jacinda Ardern, ending the National Party’s decade in power. The outcome caps a remarkable rise for Ms. Ardern 37, who only took over the party’s top job in August, and marks another victory for a youthful global leader promising change, with big implications for the world’s 11th most traded currency, the central bank, immigration and foreign investment.
Indian American lawyer selected for philanthropy award
Noted Indian-American attorney Ajay Raju has been honoured with the third ‘American Bazaar Philanthropy award’ in recognition of his philanthropic activities in the US. Previous recipients of the award include Indian-American philanthropist Frank Islam and Suri Sehgal, founder of the SM Sehgal Foundation.
Investment Agreement signed between NIIF and Abu Dhabi Investment Authority
On 16th October 2017, the National Investment and Infrastructure Fund (NIIF) signed an agreement worth $1 billion with the Abu Dhabi Investment Authority (ADIA). With this, ADIA has become the first institutional investor in NIIF’s Master Fund and a shareholder in the investment management company of NIIF. NIIF is a fund created by the Govt of India for enhancing infrastructure financing in the country. The fund has been created to attract both domestic and international investors.
Hyderabad Airport Ranked No.1 in the 5 to 15 million passenger’s category
Airport Council International’s quality survey has ranked Hyderabad Rajiv Gandhi International Airport as the No.1 in the world in the 5 to 15 million passengers category. On a scale of 1 to 5, RGIA’s score improved from 4.4 in 2009 to 4.9 in 2016. Hyderabad Airport is operated by GMR Hyderabad International Airports Ltd.
Prabha Varma selected for this year’s Padma Prabha Puraskaram
Noted Lyricist, writer and poet Prabha Varma has been selected for this year’s Padma Prabha Puraskaram. Padmaprabha Literary Award is a prestigious literary prize in Malayalam instituted in memory of freedom fighter and socialist, who is considered to be the modern founder of Wayanad district, M.K Padmaprabha Gowder. The awards are announced every year by Padmaprabha Trust formed in 1996.
Lord Swaraj Conferred with Lifetime Achievement Award
Prominent NRI industrialist Lord Swraj Paul has been conferred with the Life Time Achievement Award for his outstanding contributions in the fields of manufacturing industry, education and philanthropy.
Glenn Saldhana elected President of the Indian Pharmaceutical Alliance
Indian Pharmaceutical Alliance (IPA), a body of major domestic pharma firms, has appointed Glenn Saldanha as the President for 2017-19. Saldanha is Chairman & Managing Director of Glenmark Pharmaceuticals.
Maria Sharapova wins the first title after returning from doping ban
Maria Sharapova of Russia, who has just returned to competitive tennis after her doping ban, won her first title. She won the Tianjin Open tennis tournament by defeating Aryna Sabalenka.
Rani to captain India in Woman’s Asia Cup Hockey Tournament