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RBI proposes Board of Management for urban co-operative banks

Monday, June 25, 2018, 8:49 PM

The RBI today proposed that all Urban Co-operative Banks (UCBs) having deposits of over Rs.100 crore will have to set up a Board of Management within one year to promote professional management in the banks. BoM will be in addition to the Board of Directors (BoD), said the RBI's draft guidelines on which it has invited public comments by July 24.
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ISA plans global solar bank to finance $150 billion of power projects

Monday, June 25, 2018, 8:44 PM

The International Solar Alliance (ISA) plans to approach multilateral development banks (MDBs) such as Asian Infrastructure Investment Bank (AIIB) to create a special purpose vehicle (SPV) to specifically finance solar projects, said the alliance's interim director general, Upendra Tripathy. This SPV aimed at financing $150 billion would become a World Solar Bank, said Tripathi.
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Soon make free voice calls over public Wi-Fi networks

Monday, June 25, 2018, 8:33 PM

According to reports, Indian telecom operators will soon allow users to make free voice calls over public Wi-Fi networks. The move will help bring down voice calling charges and boost connectivity in areas with a patchy network. Internet telephony has been allowed in the country since 2008 but service providers are getting to it now. Telcos geared up to immediately offer Wi-Fi calling services.

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