Private sector lender Yes Bank on Wednesday said it has received an in-principle approval from the capital markets regulator Securities and Exchange Board of India to sponsor a mutual fund and to set up an asset management company and a trustee company. The AMC and the trust company shall be set up as wholly owned subsidiaries of Yes Bank. Yes Bank got the Reserve Bank of India's approval granted in October 2015.
The premier's 28 trillion yen $265.30 billion stimulus package, which exceeds initial estimates of around 20 trillion yen, includes 13 trillion yen in fiscal measures, Jiji reported. Those measures are likely to include spending by national and local governments, as well as loan programmes. The amount is so large that the stimulus package is bound to have a big economic impact.
Demanding that a criminal case must be filed against Bharaitya Janata Party MP Bahadur Singh Koli, who was caught on a CCTV camera slapping a toll attendant in Bharatpur of Rajasthan, the Congress Party on Wednesday said the arrogance of power has now reached its zenith. Adding, the top brass at the Centre must apologise to the nation for this completely unbecoming and unacceptable act.
A good monsoon can help add a percentage point to India's GDP growth in the current fiscal, from 7.6% in 2015-16, NITI Aayog Vice Chairman Arvind Panagariya said today expressing confidence in crossing the 8% mark. We can expect some pretty robust agriculture growth, Panagariya told reporters on the sidelines of a conference of chief secretaries and planning secretaries here.
External Affairs Minister Sushma Swaraj has time and again proved to be one of the most pro-active ministers in the Modi Cabinet. Sushma Swaraj sprang into action when a report carried by Dainik Bhaskar highlighted the girl's plight. Swaraj tweeted in chaste Haryanvi, 'Thari Bahu Ne Kaho Visa Badhan Khatar Arzi Daal De, Hum Uski Madad Kar Diyange.
Three passengers were charred to death and several others injured today when a private bus carrying 17 people caught fire in Karnataka's Hubballi city, police said. The fire broke out from the rear side of the non-AC sleeper bus on a national highway in Varur near Hubballi, about 420 kms from here. The cause behind the incident was not immediately known, police said.
A life-size statue of former president Dr APJ Abdul Kalam was unveiled at Peikarumbu here today on the occasion of his first death anniversary. Inaugurating the bronze statue, Union Minister M Venkaiah Naidu said, Dr Kalam will live forever in our minds and hearts. It is difficult still to believe that Dr Kalam passed away and that this great man left all of us for his heavenly abode.
The incident at the Mandsaur railway station occurred in presence of the police which remained a mute spectator, she alleged. The incident in BJP-ruled Madhya Pradesh comes close on the heels of beating of four dalit youth in party's bastion Gujarat. She asked Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi to respond to targeting of women of his community in the name of cow protection.
Anurag Thakur, BJP MP and BCCI President, is set for a new innings as an officer of the Territorial Army. 41-year-old Thakur will be commissioned into the Territorial Army as a regular officer on Friday to become the first serving BJP Member of Parliament to join the military force. Thakur made it to the TA after clearing an exam and a personal interview conducted in Chandigarh and training held in Bhopal.
Two Muslim women were thrashed and abused by Hindu Dal activists in Madhya Pradesh's Mandsaur district over rumours that they were carrying beef. A preliminary veterinary report said the women were carrying buffalo meat, said state Home Minister Bhupinder Singh. Last year in September, Mohammad Akhlaq was dragged from his house in Uttar Pradesh and beaten to death over rumours that his family had eaten beef.
French President Francois Hollande on Tuesday reiterated calls for the nation's unity to win a long battle against terrorism in a brief televised address after two men claiming allegiance to the Islamic State slaughtered a priest. The priest was killed by the two hostages takers who were later shot dead by police units. We need to form a bloc to win this war. I assure you, we will win this war, the President said.
The World Health Organisation has declared Brazil free of measles, after no case of the disease was registered in the last year. The eradication of measles is the conclusion of work spanning several years. In the coming months, the WHO will issue a certification for the eradication of measles to Brazil. Measles can be transmitted orally, through mucus or saliva and mainly affects children.