International Monetary Fund (IMF) in its recent report titledAct Local, Solve Global: The $5.3 Trillion Energy Subsidy Problem has voiced alarm about energy subsidies across the world. The report has clearly mentioned that theenergy subsidies across the world are expected to reach 5.3 trillion dollars in 2015, more than government health spending. Key facts from…
Read more
Prime Minister of India Narendra Modi on 16 May 2015 inaugurated the first branch of ICICI Bank in China at Shanghai. The branch was inaugurated in presence of Chanda Kochhar, MD & CEO, ICICI Bank, Senior Chinese and Indian government officials. The Shanghai Branch received regulatory approval in March 2015 to commence operations and it…
Read more
Himachal Pradesh will host the Paragliding World Cup from 23 October to 31 October 2015 at Bir Billing in Kangra valley. The world cup will be held under the aegis of Para-gliding World Cup Association, France. This is for the first time that India will be hosting the Paragliding World Cup which will see participation…
Read more
India and South Korea have signed 7 agreements /MoUs to enhance bilateral relations. The agreements were signed during Prime Minister Narendra Modi’s last leg of three nation tour viz China, Mongolia and South Korea. Signed agreements are Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on…
Read more
M J Joseph has been appointed as the Controller General of Accounts (CGA) by Union Ministry of Finance. He will succeed Jawahar Thakur, who was recently appointed as OSD (Accounting Reforms) in the office of CGA. Joseph is a 1979 batch Indian Civil Accounts Service (ICAS) officer. Prior to this appointment he was Director General…
Read more
