1.PNB seeks to open branches in Lahore, Karachi
Punjab National Bank (PNB) has filed an application to open branches in Lahore and KarachiPNB has moved the Reserve Bank of India, seeking permission to open two branches in Pakistan. Pakistan’s two leading banks — National Bank of Pakistan and Habib Bank — have also expressed interest in opening branches in India.PNB had started its operations from Lahore in 1895. It, however, moved its headquarters to New Delhi in 1947.
2.FDI in Insurance and Pension Sector
Union Finance Ministry approved 49 Percent FDI in Insurance and Pension Sector.The proposal for 49 percent FDI in insurance and pension sector was made during Pranab Mukherjee’s tenure at the finance minister office.
3.FM hopeful of GST Bill approval this fiscal
Even as a number of hurdles are yet to be crossed, Finance Minister P. Chidambaram, on Friday, expressed the hope that the Constitutional Amendment Bill for rolling out the Goods and Services Tax (GST) regime would be passed before the end of the current financial year to usher in “a more effective and efficient substitute” for a plethora of indirect taxes.
4.US women smash 4x100m world record
Pointing the baton at the clock showing the world record time of 40.82 seconds, Carmelita Jeter anchored the United States on Friday night to its first Olympic gold medal in the women’s 4x100m relay since 1996.
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