Union Cabinet chaired by PM Shri Narendra Modi has approved conveying of no objection to the reduction in Government of India shareholding in IDBI Bank Limited to below 50% by dilution. It has also approved the acquisition of controlling stake by Life Insurance Corporation of India (LIC) as the promoter in the bank through preferential allotment / open offer of equity, and relinquishment of management control by the Government in the bank.
Vijay Mallya has made public a 2-year-old letter written to PM Narendra Modi, saying that he was “pained” to have been projected as the “poster boy of all bank defaults” and that there was nothing he could do “if politically motivated extraneous factors interfere” with his efforts to settle the dues.
Mr Balram Bhargava has been appointed the Director General of Indian Council of Medical Research (ICMR) and Secretary of the Department of Health Research.
Bhargava, at present Professor/Senior Consultant Cardiologist at All India Institute of Medical Sciences (AIIMS) here, has been appointed to the post for a period of three years or until attainment of age of 60 years, according to an order issued by the Personnel Ministry