- Shashi Shankar appointed CMD of ONGC
Shashi Shanker was appointed as the chairman and managing director (CMD) of India’s biggest oil and gas producer ONGC.
The Appointments Committee of the Cabinet has approved his appointment to the post of CMD, Oil and Natural Gas Corporation (ONGC), till the date of his superannuation.
- BDL Signs Contract for Supply of MRSAM to Indian Army
Bharat Dynamics Limited (BDL) has signed contract with Research Centre Imarat (RCI) for supply of Medium Range Surface-to-Air Missiles (MRSAM) to Indian Army.
The strategic contract was signed at RCI in Hyderabad by V. Udaya Bhaskar, CMD of BDL, and BHVS Narayana Murthy, Director, RCI and Programme Director, MRSAM (Army), in the presence of G Satheesh Reddy, Director General (Missiles and Strategic Systems) and Scientific Advisor to Raksha Mantri, Government of India.
- Multi-Agency Exercise ‘Pralay Sahayam’ Held in Hyderabad
A multi-agency exercise was conducted on the banks of Hussain Sagar Lake as the final event of ‘Pralay Sahayam’ in Hyderabad.
The event demonstrated efforts of all central and state agencies, National Disaster Relief Force (NDRF) and the Armed Forces towards jointly tackling an urban flooding scenario in Hyderabad.
- Thaawarchand Gehlot launchs ‘Divyang Sarathi’
Thaawarchand Gehlot, Minister for Social Justice and Empowerment launched the Beta version of ‘Divyang Sarathi’—The accessible and comprehensive mobile application for easy dissemination of information to ‘Divyangjans’.
This mobile application is bound to empower the ‘Divyangjans’ by providing easier and convenient access of information to them as they can now understand all details pertaining to the schemes, scholarships, statutes, institutional support systems and other relevant and crucial information at the click of a button.
- Karnataka Government has launched ‘Vision-2025’ project across the state
The Karnataka government has launched ‘Vision-2025’ project aimed at evolving a draft policy for development of the state in next seven years by seeking the opinion of the public.
Under the project, the government would seek public opinion on how they want their dream state to be in the next seven years.
- PM launches Pradhan Mantri Sahaj Bijli Har Ghar Yojana “Saubhagya”
The Prime Minister Narendra Modi has launched a new scheme Pradhan Mantri Sahaj Bijli Har Ghar Yojana –“Saubhagya” to ensure electrification of all willing households in the country in rural as well as urban areas.
The total outlay of the project is Rs. 16, 320 crore while the Gross Budgetary Support (GBS) is Rs. 12,320 crore. The outlay for the rural households is Rs. 14,025 crore while the GBS is Rs. 10,587.50 crore.
For the urban households the outlay is Rs. 2,295 crore while GBS is Rs. 1,732.50 crore. The Government of India will provide largely funds for the Scheme to all States/UTs.
- Indra Nooyi, Chanda Kochhar on Fortune most powerful businesswomen list
Two Indians – Chanda Kochhar and Shikha Sharma, have made it to the rankings of most powerful women in business outside the United States drawn up by the Fortune magazine while Indra Nooyi featured in the top three on the US edition list.
The Most Powerful Women in Business outside the US list, which was topped by Banco Santander group Executive Chairman Ana Botin, placed ICICI Bank’s Kochhar at the 5th spot while Axis Bank’s Sharma has been ranked 21st.
- SBI Launches Chatbot to Help Customers in Banking Activities
Artificial intelligence banking platform Payjo has launched an AI-powered chat assistant for State Bank of India to addresses customer enquiries.
The chat assistant, known as SBI Intelligent Assistant, or SIA, will help customers with everyday banking tasks just like a bank representative
- ADB Lowers India Growth Forecast for this Fiscal
Asian Development Bank has downgraded India’s growth projection to 7% for the current fiscal while lowering its forecast for the next financial year as well.
India’s GDP growth is downgraded to 7% in financial year 2017-18, a 0.4 percentage point drop from the April forecast. In financial year 2018-19, the forecast is adjusted down to 7.4%, from 7.6%.
- Saudi Arabia to allow women to drive
Saudi King Salman on September 26 ordered that women be allowed to drive cars, state media said, ending the conservative Islamic kingdom’s status as the only country where that is forbidden.
The royal decree ordered the formation of a ministerial body to give advice within 30 days and then implement the order by June 2018.
Women in the kingdom are also bound by law to wear long robes and a headscarf and require the consent of a male guardian for most legal actions.