1.Defence Minister Nirmala Sitharaman is in Russia to attend the 7th Moscow Conference on International Security. This is her first visit to Russia in her capacity as the Defence Minister.
2.The state government of West Bengal introduced a new scheme called ‘Rupashree’ in order to provide marriage assistance to girls coming from economically weaker families with a budgetary allocation of Rs 1500 crore.The scheme proposes to extend one-time financial assistance worth Rs 25,000 to the family of the girl whose annual income is up to Rs 1.5 lakh.
3.Jio Payments Bank Limited has commenced operations as a payments bank with effect from April 3, 2018. Reliance Industries Ltd was one of the 11 applicants which were issued in-principle approval for setting up a payments bank in August 2015.Telecom major Bharti Airtel was the first to begin payment bank services in November 2016.Paytm Payments Bank and Aditya Birla Idea Payments Bank have also started operations.While, the Department of Posts, which also got a license for a payment bank is yet to start its services formally, who is running services on pilot basis currently.
4.SoftBank has signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India.GCL will invest for a 40% stake in the joint venture, with SoftBank taking the rest. The project will have a 4 gigawatt-capacity and will produce solar ingots, silicon wafers, batteries, and components.
5.India will be the partner country for International Frankfurt Trade Fair, Ambiente 2019 to be held during February 8-12, 2019 in Germany. India will take over the partner country globe from the Netherlands.
6. According to report released by global startup ecosystem map Startupblink, India was ranked 37th out of 125 countries in global startup ecosystem in 2017. Startupblink is a global startup ecosystem map with tens of thousands of registered startups, coworking spaces, and accelerators.The list, measuring startup ecosystem strength and activity, was topped by the United States followed by the United Kingdom.
7.Loan syndication is the process of involving several different lenders in providing various portions of a loan. Loan syndication most often occurs in situations where a borrower requires a large sum of capital that may be too much for a single lender to provide or outside the scope of a lender's risk exposure levels. Thus, multiple lenders work together to provide the borrower with the capital needed.
8.CONSORTIUM : Like a loan syndication, consortium financing occurs for transactions that might not take place with a single lender. Several banks agree to jointly supervise a single borrower with a common appraisal, documentation and follow-up and own equal shares in the transaction. Consortiums are not built to handle international transactions such as a syndication loan; instead, a consortium may arise because the size of the project at hand is simply too large or too risky for any single lender to assume. Sometimes the participating banks form a new consortium bank that functions by leveraging assets from each institution and disbands after the project is complete.
9.Mumbai, also known as the financial capital of India, has added another feather to its cap, becoming the first city of the country to have as many as eight women police station in-charges.
10.A world-class interpretation centre and other tourist facilities for visitors were inaugurated at the Konark Sun Temple, Odisha.It coincided with Utkal Diwas, Odisha's foundation day. The facilities were inaugurated by the Union Petroleum Minister Dharmendra Pradhan.
0 Comment to "ONE LINER OF THE DAY 3rd April 2018."
Post a Comment