TRAI proposes Wi-Fi grid to bring down cost of internet by 90%

The Telecom Regulatory Authority of India (TRAI) has proposed concept of open architecture-based public Wi-Fi grid to bring down the cost of internet by 90%. It is much needed as broadband proliferation across country is important pillar of Digital India and Wi-Fi serves as cheapest option given low cost of equipment and free spectrum. Key Read More…

EXIM Bank extends $4.5 billion loan to Bangladesh for social, infrastructure projects

The Export-Import Bank of India (Exim Bank) will provide loans worth about US $4.5 billion (Rs 29,200 crore) to Bangladesh for financing of various social and infrastructure projects. In this regard, Exim Bank has entered into agreement with Bangladesh Government in October 2017 to extend this line of credit (LoC) facility on behalf of Government Read More…

RBI defers adoption of Ind-AS by 1 year for banks

The Reserve Bank of India (RBI) has deferred adoption of Indian Accounting Standards (Ind AS) by commercial banks for year (till April 2019) due to unpreparedness of banks to migrate to the new accounting system. RBI has requested Government to amend Banking Regulation Act, 1949 as format of financial statements as prescribed under Schedule 3 Read More…

5 April: National Maritime Day

The National Maritime Day (NMD) is observed every year on 5 April to commemorate the maiden voyage of the first Indian owned ship “SS Loyalty” (the first ship of the Scindia Steam Navigation Company Ltd) sailed from Bombay to London on 5th April 1919. It was crucial step for India shipping history when sea routes Read More…

9th India, Japan, US trilateral meeting held in New Delhi

The 9th India-Japan-US trilateral meeting was held in New Delhi and was represented by senior diplomats by three countries. It held consultations on regional and global issues of mutual interest and focussed on connectivity, counter-terrorism and other regional and global issues of common concern. Key Facts The trilateral countries agreed to continue to collaborate to Read More…