‘One India’ concept for ease of doing business
- The Centre is working with State governments to introduce a ‘One India’ concept.
- It is the most ambitious ‘ease of doing business’ initiative so far.
- In ‘One India’ concept investors will need to fill only a single e-form for investing and doing business anywhere in India.
- Currently, firms are mandated to complete multiple forms at the Central and State levels, and it gets more complicated as each State has different requirements and regulations.
Tata Sons sacks Cyrus Mistry
- The Tata Sons board on Monday sacked Cyrus Mistry from the post of Chairman.
- Mr. Mistry, who had earlier headed the Shapoorji Pallonji Group’s construction business.
- The Shapoorji Pallonji Group, which has 18.4 per cent in Tata Sons.
Haji Ali gives women access to sanctum sanctorum
Haji Ali Dargah Trust on Monday conceded before the Supreme Court that it has resolved to allow women to enter the sanctum sanctorum of the famed dargah in Mumbai on a “par with men”
Deposit Insurance and Credit Guarantee Corporation of India
- Less than a third of all bank deposits in value terms in the country is insured by the RBI arm Deposit Insurance and Credit Guarantee Corporation of India (DICGC).
- DICGC insurance is available at Rs. 1 lakh for both principal and interest per depositor, per bank.
- Deposit insurance in India covers all commercial banks, local area banks, regional rural banks and co-operative banks.
- The deposit insurance coverage limit is applied separately to deposits in each bank.
- If a bank goes belly up, then the DICGC pays the insured amount to the depositor
New Zealand Prime Minister John Key’s visit to India
- New Zealand Prime Minister John Key visited India.
- Capital of New Zealand is Wellington
- Largest city is Auckland
- Currency is New Zealand dollar
National Ayurveda Day
- National Ayurveda Day to be celebrated throughout the Country on 28th October
- The Government of India has decided to celebrate National Ayurveda Day every year on the occasion of Dhanwantari Jayanti.
Urja Ganga
Urja Ganga is the gas pipeline project aims to provide piped cooking gas to residents of Varanasi
Ease of doing business rankings
- India is at the 130th position in the World Bank’s ‘ease of doing business’ ranking for 2017.
- The index was released as part of the World Bank’s annual report Doing Business 2017.
- Performance of BRICS nations: Russia-40, South Africa-74 and China-78, Brazil-123.
Man Booker Prize 2016
Paul Beatty has become the first US author to win the Man Booker Prize for his novel “The Sellout”
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