1. The United States Senate appointSrikanth Srinivasanas a Judge of the prestigious US Court of Appeals. It is the highest judicial appointment to anIndian-American. Born in Chandigarh. 2. A bilateral meeting was held in World Health Assembly atGeneva. An MOU in the field of health is being signed to promote bilateral cooperation between the two countries. 3.The government has appointedThomas Mathewas chairman of Life Insurance Corp of India. Mathew holds the position of managing director in LIC since 2006. He succeededD K Mehrotra,who retired on 31 May. 4. TheWorld Bankhas approved a concessional loan of $ 100 millionfor theNational Housing Bank (NHB)for the implementation of a low-income housing programme. This is for thefirst-time ever that NHBis availing a line of credit fromthe World Bank. It will also mark the re-entry of the World Bank to the housing finance sector after a long time. 5. The Union Cabinet on May 1 approved the provision of interest subvention for Women SHGs operating under the NRLM, ensuringthat they shall avail loans up to Rs.three lakh at an interest rate ofseven per cent per annum.
Posted on: Wed, 03 Jul 2013 03:50:59 +0000
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