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Cabinet approves the restructured Centrally Sponsored Scheme of Rashtriya Gram Swaraj Abhiyan

The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi today gave its approval for restructured Centrally Sponsored Scheme of Rashtriya Gram Swaraj Abhiyan (RGSA).

Expenditure:

The Scheme will be implemented during the period from 01.04.2018 to 31.03.2022 at the total cost of Rs. 7255.50 crore with the Central Share of Rs. 4500 crore and that of State Share of Rs. 2755.50 crore .

 

TCL ties up with Flipkart to launch smart TV iFFALCON

Chinese technology firm TCL Multimedia has partnered with Flipkart for exclusive launch of its smart TV brand iFFALCON in India.

The brand will be launched on April 26.

iFFALCON is designed for the Indian market by FFALCON Technology Holdings Limited, a subsidiary of TCL Multimedia and was co-invested in by Tencent Digital, a globally-leading internet content provider, according to a press release.

TCL is ranked third in the global consumer electronics and LCV TV space with a market share of 10.9 per cent.

 

Synchrony, Mahindra in pact for vehicle finance in US

Synchrony has announced a multi-year agreement to provide consumer finance for Mahindra’s Powersports division in the US.

As the preferred financing partner, Synchrony will provide Mahindra’s US dealer network with financing options for new and used powersports vehicles and accessories.

 

Sixteenth Federation Cup Junior National Athletics Championship Begins

The 16th Federation Cup Junior National athletics championship begun in Coimbatore, Tamil Nadu. Over 800 athletes from 32 states across the country will take part in this tournament. The meet will serve as the selections trials for the 18th Asian Junior Athletic Meet to be held at Gifu, Japan, in June. The three-day event will see 440 boys and 352 girls in the age group of 16 to 20 years take part in 44 events.

 

Bangalore Emerges As Top City For Office Expansion: CBRE

In India, Bangalore emerged as the most preferred city for office expansion, according to a survey by the real estate consulting firm, CBRE South Asia.  MNCs are focusing on expanding in Bangalore and smaller cities across the country but have limited growth plans in the Delhi NCR and Mumbai according to the CBRE Asia Pacific Occupier Survey 2018.

 

Yes Bank Gets RBI Nod To Open Offices In London And Singapore

Private sector lender Yes Bank received the Reserve Bank of India’s (RBI) approval to open two representative offices in London and Singapore. Yes Bank opened its first representative office in Abu Dhabi in April 2015 and also launched IFSC banking unit (IBU) at GIFT City, Gandhinagar, in the same year.

 

Daniel Ricciardo won Chinese Grand Prix 2018

The 2018 Chinese Grand Prix was a Formula One motor race that took place at the Shanghai International Circuit in Shanghai, China. Red Bull’s Daniel Ricciardo won the race ahead of Valtteri Bottas and Kimi Raikkonen. The race was the third round of the 2018 FIA Formula One World Championship and marked the fifteenth time that the Chinese Grand Prix has been run as a round of the Formula One World Championship.

 

Gujarat Launches Pocket Cop Project

The Gujarat police unveiled the Pocket Cop project, which will enable quicker verification of passport applicants, and search of accused persons, among others. The project was inaugurated by Chief Minister Vijay Rupani in Gandhinagar. Under the project, smartphones with data connectivity will be given to 4,900 police personnel, including every police station in-charge, investigating officer, PCR van, and those involved in passport verification.

 

Dilip Chenoy takes over As FICCI Secretary General

Dilip Chenoy was appointed as the Secretary-General of industry body Federation of Indian Chambers of Commerce and Industry (FICCI). He has replaced Sanjaya Baru. Chenoy was working as Director General of the industry body.

 

MCX inks pacts for outreach programme

Multi Commodity Exchange has signed pacts with the Indian Institute of Materials Management and Ludhiana-based Northern India Textiles Mills’ Association as part of its outreach programme to jointly undertake educational programmes in price risk management for their common stakeholders.

The joint outreach programmes and educational initiatives are aimed at creating awareness among the stakeholders on the risks they face on account of uncertainty and volatility in prices of commodities, which constitute their key inputs or output. Cotton constitutes about 59 per cent in the raw material basket of the textile industry and the global cotton price has been volatile due to various uncertainties surrounding supplies and demand.

 

IIFL Asset Management launches capital enhancer fund

The IIFL Asset Management has launched the IIFL Capital Enhancer Fund – Series 1, an annual interval scheme investing in equity and equity-related securities. The objective of this scheme which will be launched during the weekend is to achieve long-term capital appreciation by investing in equity and equity-related securities, with the strategy of hedging the portfolio with Nifty 50 Put Option and other equity derivatives.

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