Rajarshi Gupta has been appointed as ONGC Videsh`s MD.
The position of Managing Director of ONGC Videsh is given to Rajarshi Gupta.
Highlights:
- Rajarshi Gupta is appointed as Managing Director of ONGC Videsh.
- Public Enterprise Selection Board (PESB) recommended him for the position.
- He has over 33 years of experience in supervisory, managerial, and strategic planning abilities in the domestic and international operations of ONGC and ONGC Videsh.
- Rajarshi has spent 13 years in ONGC Videsh during 2006-2019, working across the world in diverse geographical and fiscal regimes, Merger & Acquisitions, in Business Development, and Project Management of Exploration and Development projects.
RBI Adopted a 4-Tier Regulatory Structure for Urban Cooperative Banks
The RBI made the decision to create a four-tiered regulatory structure to increase the financial stability of Urban Co-operative Banks (UCBs).
Highlights:
- To improve the financial soundness of Urban Co-operative Banks (UCBs), the RBI decided to form a 4-tiered regulatory framework.
- A board of experts led by N S Vishwanathan, a former RBI deputy governor had presented many suggestions for improving UCBs.
- With other recommendations, the committee suggested a 4-tiered regulatory structure depending on the size of the banks’ deposits and the regions in which they functioned.
- For Factors, such as net worth, the Capital to Risk-weighted Assets Ratio (CRAR), exposure limitations, and branch expansion, a differentiated regulatory approach was advised.
- A vital component of the recommendations was belonging to an umbrella organisation. The RBI agreed to a number of committee recommendations.
The first district to certify "Har Ghar Jal" is Burhanpur, MP.
Madhya Pradesh`s Burhanpur district was the first recognised "Har Ghar Jal" district in the nation.
Highlights:
- Burhanpur is a district in Madhya Pradesh, and it became the 1st Certified `Har Ghar Jal` district in the Country.
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- People from 254 villages in Burhanpur declared their villages as "Har Ghar Jal" through a resolution passed by Gram Sabhas.
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- It certifies that all people in the villages have access to safe drinking water through taps, confirming that `No One is Left Out.`