Paytm to become payments bank

India's leading digital wallet player Paytm has received the final licence from the Reserve Bank of India for its payments bank entity. With this, the road is now clear for the Noida-based payments player to kickstart its much-awaited payments bank operations next week. Paytm Payments Bank Limited will begin its banking operations from May 23, 2017.

Emmanuel Macron takes charge as President of France

Emmanuel Macron was inaugurated as France’s new President at the Elysee palace in Paris, and immediately launched into his mission to shake up French politics, world economics and the European Union. The 39-year-old Macron is the youngest President in the country’s history and the 8th President of France’s Fifth Republic, which was created in 1958.
#Emmanuel_Macron

Indore emerges as the Cleanest City of India

Indore has emerged as the India’s Cleanest City in the Swachh Survekshan-2017 conducted in 434 cities and towns, the results of which were announced by the Minister of Urban Development Shri M.Venakaiah Naidu. Bhopal, Visakhapatnam, Surat, Mysuru, Tiruchirapally, New Delhi Municipal Council, Navi Mumbai, Vadodara and Chandigarh are among the Top 10 clean cities in that order. #CleanestCity #Indore #SwachhSurvekshan

Chhetri Jamil get AIFF top awards

Bengaluru FC striker Sunil Chhetri was named as the best player of the I-League while Khalid Jamil, who guided Aizawl FC to a historic title win, was expectedly chosen as the coach of the year by All India Football Fedaration. Other awards: Best Goalkeeper: Debjit Majumder; Best Defender: Anas Edathodika; Best Midfielder: Alfred Kemah Jaryan; Best Emerging Player: Jerry Lalrinzuala.

India and ADB Sign $175 Million Loan Agreement

The Government of India and the Asian Development Bank (ADB) signed a $175 million loan agreement to support construction of high voltage transmission systems to evacuate power generated from new mega solar parks to the interstate grid, and improve reliability of the national grid system. The loan will be given to the Power Grid Corporation of India Limited (POWERGRID) and will include subprojects in various locations in India. As an innovative feature, the project is designed to adopt the country systems on both safeguards and procurement at the agency level. This will be the ADB’s first breakthrough of the country system’s application to a specific project.

ADB says India growth to accelerate to 7.4% in 2017-18

 

India’s economic growth will accelerate to 7.4% during 2017-18, and go up further to 7.6% in the next fiscal, as the impact of demonestisation fades and as reforms pick up pace, the Asian Development Bank (ADB) said on 6th April 2017. With more than 7% growth, ADB said India will continue to outpace China and other nations in Asia.

S.P. Bala Subramanyam and Hema Malini bag NTR awards

The Andhra Pradesh government has announced NTR National Film Award to renowned singer S.P. Bala Subramanyam for 2012 and to Hindi film actor Hema Malini for 2013. The NTR award carries a cash award of Rs. 5 lakh and a citation. The State government revived the presentation of four prestigious awards instituted in the name of eminent film personalities– NTR, B.N. Reddy, Nagireddy and Chakrapani (all national ) and Raghupathi Venkaiah Film Award after a gap of five years.