HDFC Bank most valuable bank in the emerging market outside China

0
284
  1. UNESCO to set up Gaming University in Andhra Pradesh :- United Nations Educational, Scientific and Cultural Organisation (UNESCO) will be setting up a ‘Design University for Gaming’ in Visakhapatnam. UNESCO delegation entered into an agreement with Andhra Pradesh Economic Development Board (APEDB) for the establishment of ‘Gaming Digital Learning Hub’. The UNESCO delegation asked the Chief Minister for an allocation of 100 acres of land in Visakhapatnam.

 

  1. Railways approves digital Aadhaar and Driving Licence from Digital Locker as proof of identity :- The issue regarding accepting Aadhaar and Driving Licence as valid proof of identity when presented from digital locker account of the passenger has been examined by Ministry of Railways and it has been decided that while undertaking journey in a train, if a passenger shows the Aadhaar/Driving Licence from the ‘Issued Documents’ section by logging into his/her DigiLocker account, the same should be considered as valid proof of identity. It is, however, clarified that the documents uploaded by the user himself/herself (i.e. the documents in ‘Uploaded Documents’ section) will not be considered as a valid proof of identity.

 

  1. First meeting of e-Commerce Task Force held :- Commerce Secretary, Rita Teaotia, chaired the first meeting of the Task Force on e-commerce in New Delhi. The meeting deliberated upon the suggestions emerging from the sub-group meetings held during 20th– 22nd June, 2018. The suggestions were on wide ranging issues such as cross border data flows, taxation, trade facilitation and logistics, consumer confidence, IPR and future tech, FDI and competition issues. The sub-groups saw participation from various ministries and departments, high level representatives from the industry bodies, e-commerce companies, telecommunication and IT companies and independent experts.

 

  1. Union Home Minister chairs MHA Consultative Committee meeting :- The Union Home Minister Shri Rajnath Singh said that the Government was committed to strengthen and smoothen the twin processes of Immigration and Visa for the Indian citizens and foreigners. He was addressing the Parliamentary Consultative Committee meeting on Immigration Visa Foreigners’ Registration & Tracking (IVFRT) at Kochi in Kerala. On November 27, 2014 the Government launched e-Tourist Visa scheme in 44 countries. This e-Visa facility has now been extended to 165 countries.

 

  1. Civil aviation research centre to come up in Hyderabad :- A Rs 250-crore Civil Aviation Research Organisation (CARO) will come up within 18 months at Begumpet in Hyderabad. Laying the foundation stone for the CARO project to be implemented under the Airports Authority of India, Union Civil Aviation Minister Suresh Prabhu said the focus of the centre will be on pursuing inter-disciplinary solutions to improve the civil aviation sector. The Minister said, “The country’s civil aviation sector is growing at a hectic pace of over 20 per cent and we expect this growth momentum to continue.

 

  1. HDFC Bank most valuable bank in the emerging market outside China :- HDFC Bank has gone past Russia’s Sberbank to become the most valuable bank in the emerging market outside China. HDFC Bank’s current market capitalisation is $78.4 billion against Sberbank’s $74.4 billion. There are four lenders from India that now rank among the world’s 500 most valuable companies. HDFC Bank is followed by Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank and State Bank of India.

 

  1. RIL becomes India’s largest tax payer in private sector :- Reliance Industries Chairman Mukesh Ambani said that Reliance is India’s largest payer of Goods and Services Tax (GST), Excise and Customs Duty, and Income Tax in the private sector. Speaking at the Reliance Industries’ 41st Annual General Meeting, Mukesh Ambani highlighted that Jio’s subscribers grew from 124 million at the end of last year to 210 million at the end of FY18.

 

  1. BHEL to partner Ukraine’s Zorya for overhaul of warship turbines :- Bharat Heavy Electricals Ltd (BHEL) is setting up a joint venture (JV) in India with the Ukrainian manufacturer, Zorya Mashproekt, to overhaul turbines in India. The navy will soon have 34 warships driven by Zorya turbines, with four turbines per vessel, adding up to 136 in-service turbines. There will also be a stock of six-eight spare turbines. A turbine is overhauled after running 30,000 hours.