The Union Minister for Micro, Small and Medium Enterprises, Narayan Rane has announced the setting up of MSME - Technology Center in Sindhudurg, Maharashtra with an outlay of Rs 200 crore.
The Reserve Bank of India has cancelled the license of Sarjerodada Naik Shirala Sahakari Bank Sangli, Maharashtra due to a lack of sufficient capital and earning potential.
The Union Cabinet has approved an amendment to the FDI Policy to allow FDI up to 20 percent under the "automatic route" in LIC. This comes ahead of IPO of LIC. It must be noted that the FDI limit in the insurance sector is 74 percent. Last year it was raised from 49% to 74%.
EXAMIANS