Government proposes merger of Bank of Baroda, Dena Bank and Vijaya Bank
The Union Finance Ministry on September 17, 2018 announced the proposal to merge three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank. The combined lending entity will create India’s third largest bank with a total business of more than Rs 14.82 lakh crore. The proposal will now need the approval of the boards of these individual banks.
The merger of these three state-owned banks is a part of the government's agenda of consolidation of public sector banks. The consolidation was proposed by the Alternative Mechanism comprising Chairperson Arun Jaitley. Post this merger, the number of PSU banks will come down to 19.
President launches logo, web portal for commemoration of 150th birth anniversary of Mahatma Gandhi
President Ram Nath Kovind on September 18, 2018 launched the logo and the web portal for commemoration of 150th birth anniversary of Mahatma Gandhi, that is observed in the form of two year long celebrations from October 2, 2018 to October 2, 2020 across the country and all over the globe.
The logo was obtained through crowd sourcing. The logo branding will be done in trains, metro rail, air India aircrafts, state roadways buses, government websites, e-mails, government stationery, calendar, government advertisements and digital signature. While, the web portal is participatory in nature and all the participating organisations will be able to upload their activities regarding commemoration on the website.
Vodafone Idea Board approves merger with Aditya Birla Telecom
The Board of Directors of Vodafone Idea Limited, India's largest telecom operator, on September 17, 2018 approved merger of the Vodafone Idea Limited with the Aditya Birla Telecom Limited (ABTL), the parent company of Idea Cellular.
The Aditya Birla Telecom Ltd holds 11.15 percent stake in telecom infrastructure firm Indus Towers Ltd. With this amalgamation, Vodafone Idea will directly have shareholding in Indus Towers and can monetise the stake held by ABTL following simplification in the corporate structure.
70th Primetime Emmy Awards: Game of Thrones wins Outstanding Drama
The 70th Primetime Emmy Awards were announced on September 18, 2018 at the Microsoft Theater, Los Angeles, California, United States. The awards hosted by comedians Michael Che and Colin Jost.
For the first time in almost 20 years, HBO didn’t dominate the Emmy Awards. The channel had to settle for a tie with Netflix with 23 awards each. After being ineligible for the 2017 Emmy awards, the popular drama series Game of Thrones was the most nominated programme in this year’s edition with a total of 22 nominations.
Despite progress, estimated 6.3 million children died in 2017: UN report
The death of children below the age of five years continues to steadily reduce in India, declining from nearly 22 per cent in 2012 to 18 per cent in 2017, which is now for the first time below the one million mark, as per a new UN report released on September 17, 2018.
The latest Levels and Trends in Child Mortality: Report 2018 from UNICEF and partners in the UN Inter-Agency Group for Child Mortality Estimation (UN IGME) shows the full scope of child and mortality rates across the world – from newborns to adolescents.
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