Rs
42,000 crore disbursed under Pradhan Mantri Mudra Yojana
The government is
taking steps to provide the required credit to the MSME sector even as Rs
42,000 crore have been disbursed under the Pradhan Mantri Mudra Yojana alone,
Minister of State for Finance Jayant Sinha told Lok Sabha. Around 66 lakh
people have benefitted so far from the Yojana under which loans up to Rs 10
lakh are given for enterprises and trades. Rs 42,000 crore has been given so
far under the Mudra Yojana, which was launched in April this year.
RCOM to
sell tower, optic fiber biz to PE firms for Rs 30,000 crore
Reliance
Communication will sell its tower and optic fiber assets in India to private
equity firms TPG and Tillman Global in a deal estimated at about Rs 30,000
crore. RCOM intends to utilise the proceeds of the proposed transaction to
reduce its debt, which is estimated at about Rs 40,000 crore.
China’s
President Xi Jinping pledges $60 billion for development in Africa
China’s President Xi
Jinping told African presidents that his country would provide $60 billion over
three years to fund development on the continent. Xi, who is co-chairing the Forum on
China-Africa Cooperation where several African heads of state were attending,
outlined a broad ten-point development plan driven by the Asian economic giant,
saying he wanted to build a relationship of equals.
Flipkart
to grab 34% stake in MapMyIndia for Rs1600 crore
Flipkart will grab
34% stake in digital mapping firm MapmyIndia. This deal values the Delhi based
mapping company at around $260 million or Rs 1,600 crore. The deal is expected
to give it a competitive edge in terms of supply chain and logistics.
Uttar
Pradesh Government launches first International festival on Birds
Uttar Pradesh Government
has launched International festival on Birds in a bid to promote state as an
international bird-watching destination. The first-of-its-kind festival was
inaugurated by Chief Minister Akhilesh Yadav at the National Chambal Sanctuary
(NCS). It has been jointly organised by the State Forest department in
collaboration with Federation of Indian Chambers of Commerce & Industry
(FICCI).
44th
Navy Day observed on 4 December
44th Navy Day was
observed on 4 December 2015. The Navy day is celebrated every year to
commemorate the success of Operation Trident of Indian Navy on Karachi Harbour
during the 1971 Indo-Pak war.
International
Volunteer Day observed globally
The International
Volunteer Day (IVD) was on 5 December 2015 observed across the world with the
theme The world is changing. Are you? Volunteer! The International Volunteer
Day (IVD) was established by the United Nations (UN) General Assembly through
its Resolution 40/212 on 17 December 1985.
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