Current Affairs 21^st June 2014 | FKCCI Export Awards achieved by JK Tyres and MRPL

UCO Bank sought Rs.1000 crores Capital support from the government

21.06.2014: UCO Bank sought Rs.1000 crores Capital support from the government. This support is required to meet its growth plans. Arun Kaul Chairman and Managing Director of UCO Bank had stated that in the upcoming 3 years bank require Rs.15000 crores as tier I capital.

FKCCI Export Awards achieved by JK Tyres and MRPL

21.06.2014: FKCCI (Federation of Karnataka Chamber of commerce and Industry) Export Awards achieved by JK Tyres Industries Limited and MRPL (Mangalore Refinery and Petrochemicals). List of other awards were:

Best Financial Institution Gold Award: Canara Bank

Star Exporter Award: Toyota Kirloskar Motor

Best Manufacturer Exporter Award (Large Category): Bosch Limited, Gold Himatsingka Seide, Silver Big Bags International.

Best Manufacturer Exporter Award (Medium Category): Gold Mukka Sea Food Industries, Silver Skanray Healthcare.

Best Manufacturer Exporter Award (Small Category): Supreme overseas Exports India, Silver Indo Spanish Tasty Foods.

Interim Report on Loan waiver for the farm sector to come out which is set by AP CM

21.06.2014: Interim Report on Loan waiver for the farm sector, women self help groups and weavers to come out which is set by Andhra Pradesh Chief Minister N Chandrababu Naidu. This report will get objections from the banking sector and RBI. On 8^th June 2014, Chandrababu signed on the crop waiver file. He appointed a committee to prepare a report regarding this. Subject experts of the committee were CS Rao former IRDA Chief and P.Kotaiah Nabard chairman.

Mayaram Panel report accepted by the government

21.06.2014: Mayaram Panel report accepted by the government. Report is related to removing ambiguity in the definition of FDI (Foreign Direct Investment) and FII (Foreign Institutional Investors).