SIRC 26
Indian
FM to meet CEOs of public sector banks on Aug 25 to review financial performance
Interestingly, this would be the first physical review meeting since the outbreak of the pandemic in March last year. The meeting is expected to take stock of the banking sector, progress on restructuring the 2.0 scheme announced by the Reserve Bank of India (RBI), sources said, adding that banks may be nudged to push loan growth in productive sectors.
The revamped Rs 4.5 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) would also be reviewed during the meeting likely to be held in Mumbai, sources said.
Ker Police comes up with country’s first Drone Forensic Lab & Research Centre
PM says shrinking farm sizes a challenge; need to increase ‘collective power’ of small farmers
Stressing on the need to focus on major challenges facing the agriculture sector, the Prime Minister said, ”One challenge is the shrinking farm sizes in villages.” More than 80 per cent of the farmers in the country have less than 2 hectares of land. But the earlier policies did not focus on small farmers, he said.
Be it reforms in Fasal Bima Yojana, increasing the minimum support price (MSP) by 1.5 times (the cost of production), linking farmers with Kisan Credit Card (KCC) for cheaper farm loans, taking solar power schemes till farm land or setting up of Farmer Producers Organisations (FPOs) — all these efforts will strengthen small farmers, PM added.
Higher than national average, per capita income of Telangana doubled in 7 years:KCR
”Likewise, when the state was formed in the 2013-2014 financial year our State Per Capita Income was Rs. 1,12,216 whereas now Telangana’s State Per Capita Income has reached Rs.2,37,632. Presently, our country’s Per Capita Income is recorded as Rs. 1,28,829. It is to be noticed that the Telangana State Per Capita Income is more than that of the country Per Capita Income,” he said.
International
Pool Re makes terrorism cover more accessible to U.K. businesses
“Pool Re recognizes that different buyers have different profiles, and we need to continuously adapt to their needs,” said Steve Coates, Pool Re CUO. “Widening the definition of SME – who receive business interruption cover at no cost when they buy a physical damage policy – means that we can offer more affordable terrorism cover and as a result, better accessibility to a wider range of companies.”
New safety flaws found in Boeing 737 Max
Gallagher expands Asian presence with stake in specialist Malaysian broker
As an aviation-centric broker since 1974, SP&G represents a natural and complementary fit with Gallagher’s global aerospace division, which has operations in the UK, US, Canada, Australia, New Zealand and 10 other countries spanning Europe, Latin America and Asia — but, to date, no on-the-ground operation in Malaysia.
Prudential Vietnam and SeABank establish exclusive bancassurance partnership
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