Dictation transcription – The Reserve Bank of India has sanctioned the Scheme of Amalgamation of ING Vysya Bank Ltd. with Kotak Mahindra Bank Ltd. The Scheme come into force with effect from 1 April 2015. With this sanction, all branches of ING Vysya Bank will function as branches of Kotak Mahindra Bank with effect from 1 April 2015.
This approval of RBI for the merger deal made Kotak as the country’s fourth largest private sector after amalgamation Kotak will have 1,214 branches, Kotak spread its network across the country. Kotak Mahindra Bank’s shareholder approved the amalgamation of ING Vysya Bank on 20 November 2014 as per the deal but bank received approval of the 15000 crore rupees merger deal On 23 February 2015, from the Competition Commission of India (CCI).
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In November last year, Kotak Mahindra Bank and ING Vysya Bank had announced amalgamation of ING Vysya with Kotak Mahindra in the ratio of 725 shares of Kotak for every 1,000 shares of ING Vysya. The merger would result in issuance of approximately 15.2% of the equity share capital of the merged Kotak.
The Andhra Pradesh Government approved Amaravati town, the ancient seat of power of Satavahana rulers, as its new capital coming up in the Vijayawada-Guntur region, which is also known for its historical and spiritual significance.
The resolution to this effect was passed by the state cabinet which met under chief minister N Chandrababu Naidu Amaravati, located on the banks of river Krishna, derives its name from Lord Amareswara temple in the village and it is known as ‘Dakshina Kashi’ (Kashi of the south), it was the capital of Satvahana rulers for 400 year. Amaravati has a lot of Buddhist significance as well. Construction of a new capital city will begin in June. The Singapore and Japan governments are fully cooperating with Andhra Pradesh government.
Renowned Hindi poet Kailash Vajpayee died on 1 April 2015 due to cardiac arrest in a private hospital of Saket in New Delhi. He was 79. Kailash Vajpayee was born in 1936 at Hamirpur of Uttar Pradesh and began his career as a journalist and subsequently started teaching at Delhi University. He published 28 books, including 14 volumes of poetry, Some of his works includes Sufinama, Sankrant, Dehant se Hatkar, Teesra Andhera, Prthvi ka krshnapaksha, Rajdhani and Bhavishya Ghat Raha Hai. A number of his poems were banned like Naya Rashtrageet.
An Indian-origin nurse Dr.Subhadra Devi Rai received an international achievement award for her work in the healthcare sector of women and refugees on 2 April 2015 in Singapore, she becoming the first Singaporean to get the prestigious biennial prize.
The ‘Aahar’ cheap meal scheme was launched by Odisha government on 1st April 2015 The populist programme aimed at providing meal at Rs five to the urban poor was launched by Chief minister Naveen Patnaik at the capital on the Occasion of Utkala Dibasa, the foundation day of the state. Apart from Bhubaneswar, the scheme is also being launched simultaneously in Rourkela, Cuttack, Berhampur and Sambalpur in the first phase
Justice Sunil Kumar Sinha on 30 March 2015 was appointed as the Chief Justice of the Sikkim High Court. He was appointed by the President Pranab Mukherjee in accordance with the Article 217 (1) of the Constitution of India. He assumed the charge of the office of Chief Justice of Sikkim HC on the date he was appointed. Before this appointment he was serving as the acting Chief Justice of the Sikkim HC since October 2014.
A US court has ruled that Yoga classes in an elementary school in California do not endorse Hinduism or violate students’ right to religious freedom and are “devoid of any religious or mystical trappings”. A three-member appeals court in San Diego gave its unanimous ruling on 3 April 2015 on a lawsuit filed by parents, who complained that Hindu and Buddhist doctrines were being promoted at an Encinitas district school by imparting Ashtanga Yoga.
(5 April 2015) The government has made the Women and Child Development Ministry the nodal agency for the Nirbhaya Fund in place of Home Ministry, which could utilise only one per cent of the pool set up after the brutal gang-rape of December 16, 2012.The Nirbhaya fund has a total of Rs 3,000 crore as Rs 1,000 crore each was allocated to it in 2014-15 and 2015-16 on top of Rs 1,000 crore initial corpus. MHA had sanctioned schemes worth just Rs 200 crore.
Top officials in the WCD Ministry said it will soon start the process of finalising schemes under the fund which was set up by the UPA government in 2013 to ensure safety and security of women.
Delhi Chief Minister Arvind Kejriwal on 5 April 2015 re-launched the anti-corruption helpline number 1031 to help people register their complaints if they are harassed for bribes.
A group of volunteers has been trained to run the 24/7 helpline and attend the calls in English and Hindi.
Bangladesh’s former premier and main opposition leader Khaleda Zia was granted bail in two graft cases on 5 April 2015 after she appeared before a special court, a potential sign of easing tension in the politically unstable South Asian country.
The 69-year-old former leader has been staying in her office in Dhaka’s diplomatic enclave since she was prevented from holding a mass rally on Jan. 5, the first anniversary of the disputed election. Zia waved to dozens of chanting supporters as she left the court to return to her home. The court`s decision to grant her bail could be a sign of easing tension.
Zia is accused of embezzling $650,000 in two corruption cases involving charitable funds during her last term as prime minister, from 2001 to 2006.
(4 April 2015) World number one Serena Williams thrashed Spain’s Carla Suarez Navarro to win her eighth Miami Open title. She becomes just the fourth woman in the open-era to win the same tournament eight times, joining Martina Navratilova, Chris Evert and Steffi Graf. It’s her second winning in this season she has also won the Australian open grand slam this year.
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