1. RBI asks cooperative societies not to use word 'Bank' in names
The RBI has asked co-operative societies not use the word 'Bank' in their names as it violates the Banking Regulation Act. It has come to the notice of Reserve Bank of India (RBI) that some co-operative Societies are using the word "Bank" in their names. This is a violation of Section 7 of the Banking Regulation Act, 1949.
It further said that such societies have neither been issued any licence under the Act nor are they authorised by the RBI for doing banking business.
2. India moves up one spot to 68 on Global Entrepreneurship Index
India has moved up one place to spot 68 on the Global Entrepreneurship Index of 2018, which is topped by the US. India was at the 69th position last year.
The US topped the index, which ranked 137 countries, this year also, Jonathan Ortmans, president of the Global Entrepreneurship Network (GEN). The USA is in first position in 2018. The list was prepared for 137 countries in the world. Each country is ranked according to its GEI score to indicate overall entrepreneurship attitude and potential.
3. World's 1st stadium that can be reassembled to come up in Qatar
The design of the Ras Abu Aboud Stadium, the world's first fully demountable football stadium to be used for the 2022 FIFA World Cup in Qatar, has been unveiled. Shipping containers will be used as one of the main building blocks and will have removable seats. The stadium will be capable of being reassembled or turned into multiple smaller venues.
4. The humble ?1 currency note turns 100 today
Today, the humble one-rupee note turns 100 years in age. The first Re1 note printed in England was issued on November 30, 1917 in India, with an image of King George V, the then British monarch, imprinted on the left corner. Although currency notes were being issued by the government of India since 1861, the Re1 note was launched in 1917 because the silver used for the Re1 coin was melted for making weaponry components during World War I.
5. Mirabai Chanu bags maiden gold medal at 2017 World Weightlifting Championships
India's Mirabai Chanu has won the country's first weightlifting medal at the 2017 World Championship being held in Anaheim, USA. Chanu won the gold medal after lifting a total of 194 kg in the 48kg competition.
Chanu lifted 85 kg in Snatch and 109kg in Clean and Jerk for a total of 194kg. This is huge in terms of achievement at the world stage by an Indian weighlifter.
6. NSE group firm launches Nifty LargeMidcap 250 index
NSE group firm India Index Services and Products Ltd (IISL) on Thursday launched the Nifty LargeMidcap 250 Index, which will track the performance of 100 large-cap and 150 mid-cap companies listed on the exchange. The Index represents the investable universe of stocks for funds that invest in both large and mid-cap categories and is thus expected to strongly appeal to the investment community as an ideal benchmark for such funds.
7. Cabinet approves MoU between India and Italy for cooperation in Agriculture and Phytosanitary issues
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved signing of a Memorandum of Understanding (MoU) between India and Italy for cooperation in Agriculture and Phytosanitary issues. It replaces the earlier MoU signed in January, 2008 which is going to expire in January, 2018.
The MoU provides for cooperation in the fields of Phytosanitary issues, agricultural production and a wide range of other sectors including animal husbandry, agricultural research, food processing and other additional fields as may be mutually decided by both the sides.
8. Cabinet approves investment cooperation and facilitation treaty between India and Brazil
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratification of the Investment Cooperation and Facilitation Treaty (ICFT) between India and Brazil.
The Treaty will result in increase of investment flows between the two countries. The ICFT between India and Brazil will provide appropriate facilitation to Brazilian investors in India and Indian investors in the Brazil.
9. Cabinet approves transfer of landed assets owned by Hindustan Vegetable Oils Corporation Ltd. to Ministry of Housing and Urban Affairs
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for transfer of all land assets owned by Hindustan Vegetable Oils Corporation Ltd (HVOC) to Ministry of Housing and Urban Affairs (MoHUA) or its authorized agency for appropriate utilization/ disposal.