National
Axis, Union Bank among five
new entrants into UK banking space
Two banks from India - Axis Bank and Union Bank - are among
the five new entities authorised to do banking business in the UK during the
last fiscal, as per latest statistics released by the British regulators.
In the 12-month period, following the changes introduced by the UK regulators to reduce barriers for entry of new financial institutions, five new banks have been authorised out of which two are Indian.
In the 12-month period, following the changes introduced by the UK regulators to reduce barriers for entry of new financial institutions, five new banks have been authorised out of which two are Indian.
The five banks authorised between April 1, 2013 and March 31, 2014 are
- Axis Bank UK Ltd,
- Union Bank of India (UK) Ltd,
- FCMB (UK) Ltd,
- UBA Capital (Europe) Ltd
- Paragon Bank plc.
Other Indian banks present in the UK include ICICI
Bank, SBI, Bank of Baroda, Canara Bank, Syndicate Bank and Bank of India, among
others. As many as 30 new banks could open in the United Kingdom following
changes introduced by the UK regulators to reduce barriers for entry of new
financial institutions.
Govt approves expansion of
highways in five states
The Cabinet Committee on Economic Affairs (CCEA) approved four- and six-laning of highways covering over 676 kilometres in Uttar Pradesh, Rajasthan, Delhi, Kerala and Andhra Pradesh at a total cost of about Rs 13,987 crore.
Four-laning of the following sections
- Kazahakkottum-Mukkola section of National Highway (NH) 47 in Kerala
- Ambala-Kaithal section of NH 65 in Haryana
- Yadgiri-Warangal section of NH 163 in Andhra Pradesh
- Sultanpur-Varanasi section of NH 56 in Uttar Pradesh
- Bikaner-Falodi section of NH 15 in Rajasthan
six- to
eight-laning of NH 24 (Hapur bypass), six laning of NH 58 (Delhi-UP border),
six-laning of NH 235 (Delhi-UP)
Biometric registration for 'Himalayan Kumbh'
Pilgrims participating in
Nanda Devi Raj Jaat Yatra, which is held every 12 years, will have to register
themselves biometrically as done by participants of 'char dham' this year.
This yatra is held for the first time after the formation of Uttarakhand,
Nandadevi Raj Jaat Yatra could not be held in 2012 due to "malemaas"
(inauspicious phase) and in 2013 due to the June flashfloods which caused
massive devastation along its route.
International
UN marks
100th anniversary of Word War I, lauds Indian soldiers' role
The UN has commemorated the centenary of World War I, lauding the courage and sacrifice of soldiers including over a million from India, and underscored the importance of reconciliation through diplomacy.
The event 'Learning from War to Build Peace' was organized in United Nations, jointly by the Permanent Missions of France and Germany and co-sponsored by 25 nations including India.
PIN
Amit Shah, Modi's close aide, takes charge as BJP president
Amit Shah was unanimously appointed president of the BJP on Wednesday, marking a generational shift in leadership of the party that is looking for election victories in three politically crucial states this year.
He is credited with singlehandedly winning for his party 71 of the 80 seats in Uttar Pradesh in the recently held Lok Sabha elections. The party now hopes he will replicate this success in assembly polls in Maharashtra, Jharkhand and Haryana.
Shah, a close and controversial aide of Modi, was appointed to the top post in BJP at a meeting of Parliamentary Board where incumbent Rajnath Singh resigned after tenure of one-and-a-half years.
Emma Watson to be United Nations goodwill ambassador
Harry Potter star Emma Watson has been named a goodwill ambassador by the United Nations organisation UN
Women.
Watson will
promote gender equality and work towards the empowerment of young women in the
role. She was named after undertaking humanitarian work in the area of girls'
education in Bangladesh and Zambia.
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