Kotak Mahindra Asset Management Company(Kotak Mutual Fund), has started Kotak International REIT Fund of Funds, India’s first diversified REIT Mutual Fund. REIT stands for Real Estate Investment Trust.
Kotak International REIT Fund of Funds is an open-ended mutual fund scheme that will invest in units of SMAM Asia REIT Sub Trust Fund.
The Reserve Bank of India has canceled the license of Karad Janata Sahakari Bank Ltd in Maharashtra, as it does not have adequate capital and earning prospects.
As such, it does not comply with the provisions of the Banking Regulation Act, 1949.
The Manila-based multilateral lending agency Asian Development Bank (ADB) has sanctioned a USD 2.5 million (about Rs 18 crore) technical assistance to support advanced biofuel development in India.
National Thermal Power Corporation Limited (NTPC), a PSU under the Ministry of Power, has inked a Memorandum of Understanding (MoU) with Indian Institute of Forest Management (IIFM), Bhopal, for the implementation of Narmada Landscape Restoration Project (NLRP).
Consulting firm PwC India has collaborated with the United Nations Children’s Fund (UNICEF) and YuWaah (Generation Unlimited in India) to upskill 300 million young Indians over the next 10 years.
This collaboration is part of PwC’s global multi-sector partnership with UNICEF and Generation Unlimited to upskill and provide about 1.8 billion youngsters with socio-economic opportunities from school to work by 2030.
US-based Indian-origin health expert, Anil Soni has been designated as the first Chief Executive Officer (CEO) of the newly-created “The World Health Organization (WHO) Foundation”.
India is placed at 10th place in the ‘Climate Change Performance Index (CCPI) 2021’, released on 7th December 2020.
The overall score of India is 63.98. It is for the second time in a row that India emerged among the top 10 countries with higher climate performance from among 58 economies. India was at 9th spot last year in the index.
Prime Minister Narendra Modi has introduced and addressed the virtual edition of the India Mobile Congress (IMC) 2020 on 8th December 2020 via video conference.
The aim of IMC 2020 is to align with the Prime Minister’s vision to promote ‘Aatmanirbhar Bharat’, ‘Digital Inclusivity’, and ‘Sustainable development, entrepreneurship & innovation’ and drive foreign and local investments, encourage R&D in the telecom and emerging technology sectors.
The Geneva-based United Nations Conference on Trade and Development (UNCTAD) has awarded the 2020 United Nations Investment Promotion Award to Invest India, the National Investment Promotion Agency of India.
Invest India was declared the winner from among the 180 global Investment Promotion Agencies (IPAs).
India’s wicketkeeper-batsman Parthiv Patel has declared his retirement from all forms of cricket. The 35-year-old left-hander, who made his international debut in 2002, played 25 Tests, 38 ODIS and two T20Is for India.
The historical fort cities of Gwalior and Orchha in Madhya Pradesh have been added to the list of UNESCO’s world heritage cities under its The World Heritage Cities Programme.
Under the plan, UNESCO will suggest the best measures and resources for the development and beautification of these places as per the UNESCO Historic Urban Landscape recommendations.