World Bank Signs $105 Million projects to improve Waterways in West Bengal
The Government of India, the Government of West Bengal and the World Bank signed a project worth $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal.
To read the full notification, click on https://pib.gov.in/PressReleasePage.aspx?PRID=1686277
Khadi and Village Industries Commission Signs MoU with ITBP
The Ministry of Micro, Small and Medium Enterprises (MSME) in a press release introduced a new agreement for supply of Khadi Cotton durries to the forces. Khadi and Village Industries Commission signed MoU with ITBP for supply of 1.72 Lakh cotton durries every year. The agreement has been signed for one year which will be renewed thereafter. The total value of 1.74 Lakh durries shall be Rs. 8.74 crore.
To read the full notification click on https://pib.gov.in/PressReleasePage.aspx?PRID=1686532
Reserve Bank of India imposes monetary penalty on Bajaj Finance Limited
The RBI has imposed a monetary penalty of 2.50 crore on Bajaj Finance Limited, Pune for the violation of Directions issued by RBI on managing risk and Code of Conduct in outsourcing of financial services by NBFCs and Fair Practices Code (FPC).
To read the full notification, click on https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50918