India and ADB Signs $110 Million Loan to Improve Rural Connectivity in MP

Government of India and Asian Development Bank (ADB) today signed a $110 million loan to finance the upgrade of 2,800 kilometers all-weather rural roads in the State of Madhya Pradesh under the Prime Minister’s Rural Roads Program (PMGSY). Tranche 2 loan is part of the $500 million Second Rural Connectivity investment Program for India approved […]

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Gita Gopinath appointed as chief economist of the International Monetary Fund

Indian-American economist Gita Gopinath was appointed as chief economist of the International Monetary Fund, the IMF chief Christine Lagarde announced Monday. Gita, 46, will succeed Maurice (Maury) Obstfeld, who announced in July that he would retire at the end of 2018. She currently serves as the John Zwaanstra Professor of International Studies and Economics at […]

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20 IRAS officers transferred

20 IRAS (Indian Railway Accounts Service (IRAS) officers have been transferred and officiate in SA Grade. P K Maheshwari has been transferred to East Central Railway; Ms. Shruti Agnihotri to Northeast Frontier Railway; Deepa Chawla to Central Railway; S C Mitra to Metro Railway; P Ramachandra to Eastern Railway; Om Prakash to Northern Railway; Parag […]

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NTPC

MoS (I/C) for Power and New and Renewable Energy visited NTPC Unchahar

Power Minister RK Singh announces Ex – gratia compensation of Rs 20 lakh to the families of the deceased, Rs. 10 lakh for seriously injured and Rs. 2 lakh to injured during his visit to accident site. An unfortunate accident struck NTPC- Unchahar in the boiler of Unit #6 (500 MW) yesterday. R.K. Singh, Union […]

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Appointments Committee of the Cabinet approves 13 Secretary level appointment

The Appointments Committee of the Cabinet has approved the Secretary level appointments: (i) Ajay Narayan Jha, IAS (MN 82), Secretary, Ministry of Environment, Forests & Climate Change as Officer on Special Duty in the Department of Expenditure with immediate effect. The officer will assume charge of the post of Secretary, Department of Expenditure on superannuation […]

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Induction Ceremony of SU 30 MKI to the Valiants

In a solemn ceremony on 24 Apr 17, the Su30 MKI aircraft was inducted into 221 Squadron, ‘Valiants’, of the IAF. Air Marshal C Hari Kumar AVSM VM VSM ADC, Air Officer Commanding-in-Chief, Western Air Command IAF was the chief guest for the occasion. Among the distinguished guests were Mr. Daljeet Singh, CEO, Hindustan Aeronautics […]

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Finance Minister Arun Jaitley announces slew of measures to promote digital payments

In the aftermath of the cancellation of the legal tender character of old Rs.500 and Rs.1,000 notes, there has been a surge in the digital transactions through use of credit/debit cards and mobile phone applications/e-wallets etc. To further accelerate this process, the Central Government has decided on a package of incentives and measures for promotion […]

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Rs500,Rs1000 note Banned FREQUENTLY ASKED QUESTIONS, Answered by RBI

FREQUENTLY ASKED QUESTIONS FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though […]

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