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Business Economy


Shaktikanta Das is new Guv of RBI

Shaktikanta Das is new Guv of RBI

New Delhi, Dec 11 (UNI) Former Department of Economic Affairs Secretary Shaktikanta Das was on Tuesday appointed the new Governor of the Reserve Bank of India.

The Appointments Committee of the Cabinet approved the appointment of Mr Das as the Governor of the central bank for three years.

“The Appointments Committee of the Cabinet has approved the appointment of Shri Shaktikanta Das, IAS retd, former Secretary, Department of Economic Affairs, as Governor, Reserve Bank of India (RBI) for a period of years,” a government order said here.

The decision came after Finance Minister Arun Jaitley met Prime Minister Narendra Modi following the resignation of Urjit Patel as RBI governor.

Mr Das, a retired IAS officer of Tamil Nadu cadre, was also the Sherpa to the Prime Minister at the recently concluded G-20 Summit in Argentina.

Dr Patel had tendered his resignation on Monday citing personal reasons. His resignation comes against the backdrop of increasing tensions between the Finance Ministry and the Reserve Bank of India. Dr Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since the year 1992.

UNI SW AR 1846

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Panasonic Life Solutions to set up its new manufacturing facility in AP with Rs 600 cr investments

25 Jan 2021 | 8:40 PM

Hyderabad, Jan 25 (UNI) Panasonic Life Solutions India (PLSI), a wholly-owned subsidiary of Panasonic Corporation, on Monday announced the groundbreaking ceremony of its new manufacturing facility in Sri City (Chittoor district), Andhra Pradesh and will commence its operations of manufacturing the electrical appliances by April, 2022.

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MRPL’s Vermicomposting unit inaugurated by Sunil Kumar, Joint Secretary Refineries-MOPNG)

25 Jan 2021 | 7:33 PM

Mangaluru, Jan 25 (UNI) Sunil Kumar, Joint Secretary (Refineries), MOPNG on Monday inaugurated the first unit of the MRPL’s 90 ton per year capacity Vermicomposting project at Mangalore.

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Tata Motors launches Altroz i-Turbo with iRA

Tata Motors launches Altroz i-Turbo with iRA

25 Jan 2021 | 7:26 PM

Kolkata, Jan 25 (UNI) Tata Motors, India’s leading automotive brand, today announced
the launch of the i-Turbo variant along with iRA-connected car technology for its premium
hatchback, Altroz. iRA comes with 27 connected car features along with natural voice
tech, through which the car understands commands not only in English or Hindi, but
also in Hinglish.

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Provide level playing field to Agri-NBFCs in Budget 2021-22: NAFA

25 Jan 2021 | 7:01 PM

Kolkata, Jan 25 (UNI) Agriculture and allied activities employ more than 50 percent of
the workforce and yet remain largely unorganized and fragmented.

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SOSV leads pre-Series A funding round in live video commerce platform KIKO TV

25 Jan 2021 | 6:34 PM

MUMBAI, India, Jan 25, 2021 /PRNewswire/ - KIKO TV, a company that has built a solution for live streaming video commerce for the Indian market, has raised an undisclosed amount in its pre-Series A funding round led by the US venture capital fund SOSV and will be shortly graduating from their Mobile Only Accelerator (MOX) program.

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