Date: 19.July.2014 According to the finance ministry, recapitalization of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a ‘high priority’ item for the government over the next four years. The capital would be raised by the banks without diluting public sector characteristics.The government stake in the banks would remain over 51%. ----------------- At present, 58% of the countrys population has bank account. ---------------- The Government owns 58.60% stake in SBI, presently. ----------------- The Indian government is planning to open up a first-ever yoga resource centre in China. ---------------- Nikesh Arora, Chief Business Officer quits Google. ---------------- Sundaram MF to launch World Brand Fund. For the First time, it will launch a mutual fund for the Indian people to invest in stocks of global brands. ---------------- Centre sets up expert panel on cost audit rules. ---------------- Facebook has launched a new app called ‘Mentions’ for Facebook recognised or verified celebrities to help them manage their public figure pages. --------------- Manila-based Asian Development Bank (ADB) has projected India’s economic growth forecast to 6.3% in 2015-16 but has retained forecast of 5.5% growth for this year 2014-15.
Posted on: Sun, 20 Jul 2014 15:15:15 +0000
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