New office bearers elected for CII Tamil Nadu State Council

S Chandramohan, president and Group CFO, TAFE Ltd, Chennai, has been elected as Chairman of CII Tamil Nadu State Council for the year 2019-20. K Hari

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Banking

The policy offers a cover against risks including fire, earthquake, burglary, holdup or any act of terrorism.

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Cabinet approves promulgation of Ordinance allowing trusts to setup units in SEZs

The ordinance seeks to amend the definition of a person under the SEZ Act 2005 which will enable a trust to be considered for grant of permission to setup a unit in these units.

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Cabinet clears procedure, mechanism to monetise enemy properties, CPSE's non-core assets

Enemy property refers to the assets which were left behind by people who migrated to Pakistan or China and are no longer citizens of India.

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Cabinet approves National policy for software products

This policy has a scope of giving employment to nearly 65 lakh people and will have enormous revenue benefit, Prasad said.

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Cabinet clears Rs 10,000 crore FAME II scheme

The FAME scheme with an outlay of Rs 10,000 crore over a period of three years will be implemented with effect from April 1, 2019.

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Rice Knowledge Bank launched under World-bank funded Assam Agribusiness & Rural Transformation (APART) project

Dr. K.M. Buzarbarua, Vice Chancellor, AAU stated that there is need to convert this essential knowledge to different local languages for encouraging large scale adoption.

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India set to see lower productivity, weak demand, inching inflation in the coming weeks: D&B

Industrial production is expected to remain subdued over moderate demand and uncertainty around the outcome of upcoming general election.

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Banking

PNB has shown "strong performance" in the parameters like customer responsiveness, responsible banking, credit off-take and financial inclusion.

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