1. 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.
2. 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.
3. 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 parts business with his three brothers.
4. 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.
5. Central Government has revised the National Solar Mission target of Grid Connected Solar Power projects from 20,000 MW by 2022 to1,00,000 MW by 2022. Centre has envisaged to achieve the 1,00,000 MW target by setting up Distributed Rooftop Solar Projects and Medium & Large Scale Solar Projects.
2. 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.
3. 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 parts business with his three brothers.
4. 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.
5. Central Government has revised the National Solar Mission target of Grid Connected Solar Power projects from 20,000 MW by 2022 to1,00,000 MW by 2022. Centre has envisaged to achieve the 1,00,000 MW target by setting up Distributed Rooftop Solar Projects and Medium & Large Scale Solar Projects.
