International Telecommunication Union has established on 17 May 1865 as the International Telegraph Union, making it among the oldest international organizations still in operation.
In this regard, the apex bank has appointed Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) as the Administrator of the company under Section 45-IE (2) of the RBI Act.
The Asian Development Bank (ADB) and the Indian government have signed a $ 250 million loan to support the National Industrial Corridor Development Program (NICDP).