1. Pedro Cateriano sworn in as new Prime Minister of Peru
Peruvian President Ollanta Humala swore in Pedro Alvaro Cateriano Bellido as the nation’s new Prime Minister in a ceremony held on Thursday evening at the Government Palace in Lima, Peru.
Cateriano Bellino, who previously served as Defense Minister, replaces Ana Jara Velasquez in the Presidency of the Council of Ministers.
The recently appointed Cabinet Chief is a lawyer specializing in constitutional law. He served as congressman from 1990 to 1992 and joined the Advisory Committee at the Ministry of Justice and the Constitutional Reform Advisory Committee, led by former President of the Republic, Valentin Paniagua.
Peruvian President Ollanta Humala swore in Pedro Alvaro Cateriano Bellido as the nation’s new Prime Minister in a ceremony held on Thursday evening at the Government Palace in Lima, Peru.
Cateriano Bellino, who previously served as Defense Minister, replaces Ana Jara Velasquez in the Presidency of the Council of Ministers.
The recently appointed Cabinet Chief is a lawyer specializing in constitutional law. He served as congressman from 1990 to 1992 and joined the Advisory Committee at the Ministry of Justice and the Constitutional Reform Advisory Committee, led by former President of the Republic, Valentin Paniagua.
2. Tripathi sworn in as Mizoram governor
West Bengal and Bihar Governor K.N. Tripathi, who has been given additional charge of Mizoram, was sworn in as the 16th governor of the northeastern state here on Saturday.
Justice Michael Zothankhuma of the Gauhati High Court administered the oath of office to Tripathi, 80, at the Durbar Hall of the Raj Bhavan here.
Chief Minister Lal Thanhawla, his cabinet colleagues, assembly Speaker Hiphei, parliamentary secretaries, legislators, leaders of various political parties and top security and civil officials were present at the swearing-in ceremony.
3. Delhi International Airport wins Golden Peacock award
Delhi International Airport Limited has won ‘Golden Peacock National Quality Award’ for 2015 for their concerted efforts in building a culture of Total Quality across Indira Gandhi International Airport.
The award will be presented to DIAL by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Social Development, Government of UAE at the “Golden Peacock Awards Night” on April 20, 2015 in Dubai, during the annual “25th World Congress on Leadership for Business Excellence & Innovation”.
DIAL is a joint venture company of the GMR Group, Airports Authority of India, Fraport and Malaysia Airports Holdings Berhad.
4. Central Bank of India tops list with highest bad loans among PSU banks
Central Bank of India has topped the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances.
According to the data provided by the RBI to the Finance Ministry, Central Bank of India’s 21.5 per cent assets are either bad or have been restructured to save them turning non-performing assets (NPAs).
The other banks which have significant amount of gross NPAs and restructured loans include, United Bank of India (19.04 per cent), Punjab & Sind Bank (18.25 per cent) and Punjab National Bank with 17.85 per cent as on December 2014.
Indian Overseas Bank, State Bank of Patiala, Allahabad Bank and Oriental Bank of Commerce all have bad and restructured loans in excess of 15 per cent.
The rising bad loans have become a major concern for the Reserve Bank as well as the government.
Most of the restructured loans are from the corporate sector. The top-30 defaulters are sitting on bad loans of Rs. 95,122 crore, which is more than one-third of the gross non-performing assets of PSU banks at Rs. 2,60,531 crore as on December 2014.
There are four kinds of restructuring. The first and foremost is restructuring of advances extended to industrial units, restructuring under Corporate Debt Restructuring and restructuring of loans extended to MSME as per RBI guidelines.
However, banks have their own operational rule for restructuring of small loans.
RBI has not prescribed any board or bank level position at which these loans need to be approved.
West Bengal and Bihar Governor K.N. Tripathi, who has been given additional charge of Mizoram, was sworn in as the 16th governor of the northeastern state here on Saturday.
Justice Michael Zothankhuma of the Gauhati High Court administered the oath of office to Tripathi, 80, at the Durbar Hall of the Raj Bhavan here.
Chief Minister Lal Thanhawla, his cabinet colleagues, assembly Speaker Hiphei, parliamentary secretaries, legislators, leaders of various political parties and top security and civil officials were present at the swearing-in ceremony.
3. Delhi International Airport wins Golden Peacock award
Delhi International Airport Limited has won ‘Golden Peacock National Quality Award’ for 2015 for their concerted efforts in building a culture of Total Quality across Indira Gandhi International Airport.
The award will be presented to DIAL by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Social Development, Government of UAE at the “Golden Peacock Awards Night” on April 20, 2015 in Dubai, during the annual “25th World Congress on Leadership for Business Excellence & Innovation”.
DIAL is a joint venture company of the GMR Group, Airports Authority of India, Fraport and Malaysia Airports Holdings Berhad.
4. Central Bank of India tops list with highest bad loans among PSU banks
Central Bank of India has topped the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances.
According to the data provided by the RBI to the Finance Ministry, Central Bank of India’s 21.5 per cent assets are either bad or have been restructured to save them turning non-performing assets (NPAs).
The other banks which have significant amount of gross NPAs and restructured loans include, United Bank of India (19.04 per cent), Punjab & Sind Bank (18.25 per cent) and Punjab National Bank with 17.85 per cent as on December 2014.
Indian Overseas Bank, State Bank of Patiala, Allahabad Bank and Oriental Bank of Commerce all have bad and restructured loans in excess of 15 per cent.
The rising bad loans have become a major concern for the Reserve Bank as well as the government.
Most of the restructured loans are from the corporate sector. The top-30 defaulters are sitting on bad loans of Rs. 95,122 crore, which is more than one-third of the gross non-performing assets of PSU banks at Rs. 2,60,531 crore as on December 2014.
There are four kinds of restructuring. The first and foremost is restructuring of advances extended to industrial units, restructuring under Corporate Debt Restructuring and restructuring of loans extended to MSME as per RBI guidelines.
However, banks have their own operational rule for restructuring of small loans.
RBI has not prescribed any board or bank level position at which these loans need to be approved.
5. Diageo buys out Mallya in United National Breweries
Diageo, the world’s largest spirits maker, on Thursday, took full control of South African beer maker United National Breweries by acquiring the additional 50 per cent stake in the company from Vijay Mallya-controlled Pestello Investments for an initial payment of $22 million.
Diageo has entered into an agreement to acquire the remaining 50 per cent share of United National Breweries' (UNB) interest in the company, thereby making it a wholly-owned subsidiary.
Diageo, which is also a major producer of beer and wine and owner of popular brands such as Johnnie Walker, Guinness and Smirnoff, had, in January 2013, acquired 50 per cent interest in UNB’s traditional sorghum beer business in South Africa reportedly at $36 million.
In 1996, Mallya’s UB Group had acquired 30 per cent stake in UNB and later increased it to 100 per cent.
Diageo, the world’s largest spirits maker, on Thursday, took full control of South African beer maker United National Breweries by acquiring the additional 50 per cent stake in the company from Vijay Mallya-controlled Pestello Investments for an initial payment of $22 million.
Diageo has entered into an agreement to acquire the remaining 50 per cent share of United National Breweries' (UNB) interest in the company, thereby making it a wholly-owned subsidiary.
Diageo, which is also a major producer of beer and wine and owner of popular brands such as Johnnie Walker, Guinness and Smirnoff, had, in January 2013, acquired 50 per cent interest in UNB’s traditional sorghum beer business in South Africa reportedly at $36 million.
In 1996, Mallya’s UB Group had acquired 30 per cent stake in UNB and later increased it to 100 per cent.
1. Pedro Cateriano sworn in as new Prime Minister of Peru
Peruvian President Ollanta Humala swore in Pedro Alvaro Cateriano Bellido as the nation’s new Prime Minister in a ceremony held on Thursday evening at the Government Palace in Lima, Peru.
Cateriano Bellino, who previously served as Defense Minister, replaces Ana Jara Velasquez in the Presidency of the Council of Ministers.
The recently appointed Cabinet Chief is a lawyer specializing in constitutional law. He served as congressman from 1990 to 1992 and joined the Advisory Committee at the Ministry of Justice and the Constitutional Reform Advisory Committee, led by former President of the Republic, Valentin Paniagua.
Peruvian President Ollanta Humala swore in Pedro Alvaro Cateriano Bellido as the nation’s new Prime Minister in a ceremony held on Thursday evening at the Government Palace in Lima, Peru.
Cateriano Bellino, who previously served as Defense Minister, replaces Ana Jara Velasquez in the Presidency of the Council of Ministers.
The recently appointed Cabinet Chief is a lawyer specializing in constitutional law. He served as congressman from 1990 to 1992 and joined the Advisory Committee at the Ministry of Justice and the Constitutional Reform Advisory Committee, led by former President of the Republic, Valentin Paniagua.
2. Tripathi sworn in as Mizoram governor
West Bengal and Bihar Governor K.N. Tripathi, who has been given additional charge of Mizoram, was sworn in as the 16th governor of the northeastern state here on Saturday.
Justice Michael Zothankhuma of the Gauhati High Court administered the oath of office to Tripathi, 80, at the Durbar Hall of the Raj Bhavan here.
Chief Minister Lal Thanhawla, his cabinet colleagues, assembly Speaker Hiphei, parliamentary secretaries, legislators, leaders of various political parties and top security and civil officials were present at the swearing-in ceremony.
3. Delhi International Airport wins Golden Peacock award
Delhi International Airport Limited has won ‘Golden Peacock National Quality Award’ for 2015 for their concerted efforts in building a culture of Total Quality across Indira Gandhi International Airport.
The award will be presented to DIAL by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Social Development, Government of UAE at the “Golden Peacock Awards Night” on April 20, 2015 in Dubai, during the annual “25th World Congress on Leadership for Business Excellence & Innovation”.
DIAL is a joint venture company of the GMR Group, Airports Authority of India, Fraport and Malaysia Airports Holdings Berhad.
4. Central Bank of India tops list with highest bad loans among PSU banks
Central Bank of India has topped the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances.
According to the data provided by the RBI to the Finance Ministry, Central Bank of India’s 21.5 per cent assets are either bad or have been restructured to save them turning non-performing assets (NPAs).
The other banks which have significant amount of gross NPAs and restructured loans include, United Bank of India (19.04 per cent), Punjab & Sind Bank (18.25 per cent) and Punjab National Bank with 17.85 per cent as on December 2014.
Indian Overseas Bank, State Bank of Patiala, Allahabad Bank and Oriental Bank of Commerce all have bad and restructured loans in excess of 15 per cent.
The rising bad loans have become a major concern for the Reserve Bank as well as the government.
Most of the restructured loans are from the corporate sector. The top-30 defaulters are sitting on bad loans of Rs. 95,122 crore, which is more than one-third of the gross non-performing assets of PSU banks at Rs. 2,60,531 crore as on December 2014.
There are four kinds of restructuring. The first and foremost is restructuring of advances extended to industrial units, restructuring under Corporate Debt Restructuring and restructuring of loans extended to MSME as per RBI guidelines.
However, banks have their own operational rule for restructuring of small loans.
RBI has not prescribed any board or bank level position at which these loans need to be approved.
West Bengal and Bihar Governor K.N. Tripathi, who has been given additional charge of Mizoram, was sworn in as the 16th governor of the northeastern state here on Saturday.
Justice Michael Zothankhuma of the Gauhati High Court administered the oath of office to Tripathi, 80, at the Durbar Hall of the Raj Bhavan here.
Chief Minister Lal Thanhawla, his cabinet colleagues, assembly Speaker Hiphei, parliamentary secretaries, legislators, leaders of various political parties and top security and civil officials were present at the swearing-in ceremony.
3. Delhi International Airport wins Golden Peacock award
Delhi International Airport Limited has won ‘Golden Peacock National Quality Award’ for 2015 for their concerted efforts in building a culture of Total Quality across Indira Gandhi International Airport.
The award will be presented to DIAL by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Social Development, Government of UAE at the “Golden Peacock Awards Night” on April 20, 2015 in Dubai, during the annual “25th World Congress on Leadership for Business Excellence & Innovation”.
DIAL is a joint venture company of the GMR Group, Airports Authority of India, Fraport and Malaysia Airports Holdings Berhad.
4. Central Bank of India tops list with highest bad loans among PSU banks
Central Bank of India has topped the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances.
According to the data provided by the RBI to the Finance Ministry, Central Bank of India’s 21.5 per cent assets are either bad or have been restructured to save them turning non-performing assets (NPAs).
The other banks which have significant amount of gross NPAs and restructured loans include, United Bank of India (19.04 per cent), Punjab & Sind Bank (18.25 per cent) and Punjab National Bank with 17.85 per cent as on December 2014.
Indian Overseas Bank, State Bank of Patiala, Allahabad Bank and Oriental Bank of Commerce all have bad and restructured loans in excess of 15 per cent.
The rising bad loans have become a major concern for the Reserve Bank as well as the government.
Most of the restructured loans are from the corporate sector. The top-30 defaulters are sitting on bad loans of Rs. 95,122 crore, which is more than one-third of the gross non-performing assets of PSU banks at Rs. 2,60,531 crore as on December 2014.
There are four kinds of restructuring. The first and foremost is restructuring of advances extended to industrial units, restructuring under Corporate Debt Restructuring and restructuring of loans extended to MSME as per RBI guidelines.
However, banks have their own operational rule for restructuring of small loans.
RBI has not prescribed any board or bank level position at which these loans need to be approved.
5. Diageo buys out Mallya in United National Breweries
Diageo, the world’s largest spirits maker, on Thursday, took full control of South African beer maker United National Breweries by acquiring the additional 50 per cent stake in the company from Vijay Mallya-controlled Pestello Investments for an initial payment of $22 million.
Diageo has entered into an agreement to acquire the remaining 50 per cent share of United National Breweries' (UNB) interest in the company, thereby making it a wholly-owned subsidiary.
Diageo, which is also a major producer of beer and wine and owner of popular brands such as Johnnie Walker, Guinness and Smirnoff, had, in January 2013, acquired 50 per cent interest in UNB’s traditional sorghum beer business in South Africa reportedly at $36 million.
In 1996, Mallya’s UB Group had acquired 30 per cent stake in UNB and later increased it to 100 per cent.
Diageo, the world’s largest spirits maker, on Thursday, took full control of South African beer maker United National Breweries by acquiring the additional 50 per cent stake in the company from Vijay Mallya-controlled Pestello Investments for an initial payment of $22 million.
Diageo has entered into an agreement to acquire the remaining 50 per cent share of United National Breweries' (UNB) interest in the company, thereby making it a wholly-owned subsidiary.
Diageo, which is also a major producer of beer and wine and owner of popular brands such as Johnnie Walker, Guinness and Smirnoff, had, in January 2013, acquired 50 per cent interest in UNB’s traditional sorghum beer business in South Africa reportedly at $36 million.
In 1996, Mallya’s UB Group had acquired 30 per cent stake in UNB and later increased it to 100 per cent.
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