Assumption Island is located in Seychelles. Assumption Island is a small island situated southwest of Seychelles main and largest island of Mahe. It is situated very close to the Mozambique Channel from where much Indian Ocean maritime routes pass. Its location lends its strategic importance for monitoring shipping in the Mozambique Channel.
IIM Ahmedabad launches Bharat Inclusive Initiative.
IIM-Ahmedabad?s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and
health. Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses.
CBLO stands for Collateralized Borrowing and Lending Obligation. CBLO is a money market instrument that represents an obligation between a borrower and a lender as to the
terms and conditions of a loan. So, C stands for Collateralized.
PMLA stands for Prevention of Money Laundering Act, 2002. So, L stands for Laundering. Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA
government to prevent money-laundering and to provide for confiscation of property derived from money-laundering.
Malabo is the capital of Equatorial Guinea.
Kishori amonkar died recently. He was associated with Classical Vocalist.
Indira Sagar dam is located in Madhya Pradesh.
A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity is known as shell companies.
Life Insurance Corporation of India is all set to become a knight in shining armour for the ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a proposal allowing the former to acquire a majority stake in the bank.
The Insurance Regulatory and Development Authority (IRDAI) has set up a 10-member committee headed by Suresh Mathur (ED-IMF, IRDAI) to review norms related to Insurance
Marketing Firms (IMF) with an aim to increase insurance penetration in the country.
The Republic of Zambia is a landlocked country in Southern Africa. The capital city is Lusaka and currency is Kwacha.
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