Current Affairs – August, 2015

Odisha Cabinet gave nod to new Industrial Policy Resolution (IPR) 2015

Odisha cabinet approved the much awaited Industrial Policy Resolution (IPR) 2015 after several rounds of consultation with different administrative departments and industry associations. The IPR 2015 lays focus on various sectors for the next five years which includes infrastructure development, auto & auto components, agro and food processing, IT and ESDM (electronic system design & Read More…

NTPC signed two MoUs for Skill Development

National Thermal Power Corporation (NTPC) has signed two Memorandum of Understanding (MoUs) with National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC) for skill development training in eastern states and Bihar. The first MoU: As per the MoU NTPC will provide skill training to 5000 youth and women across 22 locations with special Read More…

IRDAI allows Banks to tie up with insurers

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed banks to tie up with insurers. This decision was taken as part of the IRDAI’s new Bancassurance model guidelines which will be notified soon. Prior to this decision, banks were not allowed to  have insurance agency tie-ups with more than one insurer. As per new Read More…

The founder of Hero Cycle Om Prakash Munjal passes away

The founder of Hero Cycle and a leading industrialist Om Prakash Munjal breathed his last in the DMC Hero Heart Centre, Ludhiana on 13 August. He was 87. On Prakash was born on 26 August 1928 in Kamalia, Punjab (then British India). He moved with his family to Amritsar in 1944 to start a bicycle spare Read More…

PAHAL scheme enters into Guinness Book of world records

Union Government’s ambitious Pratyaksha Hastaantarit Laabh (PAHAL) scheme has been acknowledged as the world’s largest cash transfer program (households) by the Guinness Book of World Records. Pratyaksha Hastaantarit Laabh (PAHAL) scheme The scheme was formally launched as Direct Benefit Transfer Scheme for LPG subsidy in 2013 in 291 districts under the aegis of Union Ministry Read More…