RBI relaxes norms for foreign investment in startups The Reserve Bank of India (RBI) has said that Foreign Venture Capital Investors (FVCIs) can invest in Indian startups irrespective of the sector in which the startup is engaged without prior permission of the apex bank. Sebi-registered FVCIs have also been permitted to invest in unlisted firms […]
India central bank allows banks to approve extension of offshore company’s debt Earlier banks had to seek approval of the central bank before restructuring any such offshore borrowings. Any extension of tenure, or conversion of unpaid ECBs into equity will be subject to consent of other lenders to the same borrower, the RBI said. International […]
India-Russia defence deals: Six things India got from old friend Russia Prime Minister Narendra Modi called out to India’s “old friend” Russia in a joint address at the sidelines of the BRICS Summit before holding wide-ranging talks with Russian President Vladimir Putin, which covered the entire expanse of bilateral engagement. The engagement witnessed 16 agreements […]
Current Affairs 16 October 2016 17th India-Russia Annual Summit to be held in Goa The 17th India-Russia Annual Summit will be held in Goa. Prime Minister Narendra Modi and Russian President Vladimir Putin will review the entire gamut of India-Russia relations during their bilateral talks. The focus will […]
Current Affairs 15 October 2016 Bank of Baroda appoints P V Sindhu and K Srikanth as Brand ambassadors Public sector bank Bank of Baroda (BOB) has signed a three-year principal sponsorship contract with badminton Olympians P V Sindhu and K Srikanth. Bank of Baroda logo will appear on the center chest of the two athletes’ […]
Current Affairs: 14 October 2016 Bob Dylan wins 2016 Nobel Prize for Literature US musician and poet Bob Dylan (75-year) has won the 2016 Nobel Prize in Literature for “having created new poetic expressions within the great American song tradition,”. The Nobel Prize is one of the world’s most prestigious and financially generous awards, comes […]
Current Affairs: 13 October 2016 First BRICS Trade Fair & Exhibition begins in Delhi Three-day first RICS Trade Fair and Exhibition begins in Delhi. The fair will be a platform for the BRICS (Brazil, Russia, India, China and South […]
Current Affairs: 11 October 2016 Oliver Hart and Bengt Holmstrom win 2016 Nobel Prize in Economics Oliver Hart (British-born) and Bengt Holmstrom (Finland) have won the Nobel Memorial Prize in Economic Sciences for their contributions to contract theory, shedding light on how contracts help people deal with conflicting interests. Both of them will share 8 […]
Current Affairs: 10 October 2016 India’s first international arbitration centre inaugrated by Devendra Fadnavis Maharashtra CM Devendra Fadnavis inaugurated India’s first centre for international arbitration in Mumbai. The MCIA will be governed by a 17-member governing council. The Mumbai Centre for International Arbitration (MCIA) will initially be located at Express Towers. Harika Dronavalli Beats Hou […]
Current Affairs: 9 October 2016 Colombian President Juan Manuel Santos has awarded the Nobel Peace Prize 2016 for his resolute efforts to bring the country’s more than 50-year-long civil war to an end. The award was also a tribute to the Colombian people who had not given up hope of a just peace as well […]
