Breaking News HIGHLIGHTS: Earthquake Of Magnitude 4.1 Rattles Himachal Pradesh’ Mandi
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PM Modi To Inaugurate Bengaluru Tech Summit Virtually
Prime Minister Narendra Modi will inaugurate the silver jubilee edition of the Bengaluru Tech Summit (BTS 22) virtually on Wednesday.
Karnataka IT and BT Minister C N Ashwath Narayan said on Tuesday, the three-day event at the Bengaluru Palace grounds will witness signing of nine MoUs and launch of over 20 products.
To mark the silver jubilee celebrations, Chief Minister Basavaraj Bommai will release a plaque.
The summit has attracted more than 575 exhibitors, the Minister noted.
For the first time, startups belonging to 16 states of the country are participating, he stated.
Minister of State for Artificial Intelligence and Digital Economy, UAE, Omar Bin Sultan Al Olama, Assistant Minister for Foreign Affairs, Australia, Tim Watts, Minister of Science and Culture, Finland, Petri Honkonen and Chairman & CEO, Kyndryl USA, Martin Schroeter, would be among those present at the inaugural function.
RBI Governor To Meet CEOs Of Banks, To Discuss Slow Deposit Growth
Reserve Bank Governor Shaktikanta Das will hold a meeting with CEOs of public sector banks on Wednesday to discuss issues concerning slow deposit growth and sustainability of high credit demand, as reported by news agency PTI.
As per the Reserve Bank of India (RBI) data, deposits rose by 9.6 per cent as compared to 10.2 per cent on a year-on-year basis, while credit offtake witnessed a jump of 17.9 per cent as against 6.5 per cent a year ago.
According to an agenda circulated for the meeting, sources said, sustainability, including pricing and slow growth of deposits, would be discussed.
There would be deliberation on asset quality in the retail and MSME segment, sources said.
Besides, the meeting would also review the functioning of Digital Banking Units launched by Prime Minister Narendra Modi last month.
The robust growth performance in the first half of the current fiscal has been ably supported by a well-capitalised banking system that witnessed an upswing in credit disbursement to the retail, industry and services segments.
Breaking News LIVE: Earthquake Of Magnitude 4.1 Rattles Himachal Pradesh’ Mandi
An earthquake of 4.1 magnitude shook parts of Himachal Pradesh on Wednesday, according to the National Centre for Seismology. The epicentre of the temblor, which struck at 9:32 pm, was located 27 km north northwest of Mandi in the hill state. The Himalayan region along the Uttarakhand-Nepal border has experienced at least 10 earthquakes of varying magnitudes between November 8 and 16.
Breaking News LIVE: Govt To Increase Levy For Regional Air Connectivity Scheme
The government will increase the regional air connectivity levy charged from airlines operating on major routes to Rs 10,000 per departure from January 1, a move that could push the airfares higher. Currently, the levy is Rs 5,000 per departure and the amount will further go up to Rs 15,000 from April 1 next year, according to a notification.
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