Tata Sons plans to sell 3% stake in TCS
Other plans include buying a 70% stake in PNB Metlife
- Tata Sons plans to sell a three per cent stake in the country’s largest software exporter, Tata Consultancy Services, for Rs.14,700 crore and acquire a 70 per cent stake in PNB Metlife.
- It also plans to sell a 30 per cent stake in its renewable power venture.
Anil Sardana
MD & CEO Tata Power.
Cash withdrawal curbs may last longer: SBI
Lasts until banks get more cash
- The restrictions on cash withdrawal from banks and automated teller machines are expected to continue for some more time even as the window for depositing demonetised notes ends on Dec 30.
- Arundhati Bhattacharya, chairman, State Bank of India (SBI) said she does not expect the restrictions to go overnight until the banks get more cash.
Withdrawal limits
- Rs.24,000 per week
- Rs.2500 per day.
Centre grants a lifeline to Hindustan Antibiotics
Waiving over existing central loans, interest payments and other dues.
- Ailing public sector unit Hindustan Antibiotics Limited got a fresh lease of life from the Centre, with the Union cabinet clearing a Rs.536 crore package for the firm including a waiver of existing central loans, interest payments and other dues.
- The Cabinet also cleared a new Rs.100 crore loan to pay salaries and critical expenses.
HAL
Hindustan Antibiotics is the first drug manufacturing unit in India.
On Aadhaar system, the dead live on
Removal deceased people name is still in progress
- Getting an Aadhaar card was never this easy. There is a system in place even for the newborns to get enrolled for Aadhaar validation in twin cities.
- But, the same cannot be said about the the dead who want to get off the Aadhaar database
Abbreviation
UIDAI – Unique Identification Authority of India.
Robot provides rare glimpse of world under Antarctic sea ice
Revealing a colorful world under freezing water.
- An underwater robot has captured a rare glimpse beneath the Antarctic sea ice, revealing a colourful world filled with coconut-shaped sponges, dandelion-like worms, pink algae and spidery starfish.
- The Australian Antarctic Division (AAD) took footage on a camera attached to a Remotely Operated Vehicle sent down by scientists through a small hole drilled in the ice as they recorded the acidity, oxygen, salinity and temperature of the seawater
Rare glimpse
- coconut-shaped sponges
- dandelion-like worms
- pink algae and spidery starfish.
Cabinet nod for salaries by cheques
Proposes changes to Section 6 of the Payment of Wages Act of 1936
- The ordinance, that will need the President’s assent to become law, proposes changes to Section 6 of the Payment of Wages Act of 1936.
- The Centre or State governments may specify the industry through official notifications where the payment of wages shall be through cheques or direct credit in bank accounts.
Tapan Sen
General secretary, Centre of Indian Trade Unions.
The post Banking Awareness 22nd December 2016 | Financial Affairs 22nd December 2016 appeared first on Exambin | Social Competitive Learning.
