With an objective to boost the sale value realized through bank e-auctions, public sector banks (PSBs) were requested by Department of Financial Services to redesign their e-auction platform. The platform 'e-BKray' was launched on February 28, 2019. In order to further streamline the listing and auctioning of assets of banks, a revamped e-auction portal named 'BAANKNET' was launched on January 3 this year.

Salient features of the BAANKNET portal State-of-the-art Innovative Platform: A cutting-edge property listing and e auction platform specifically designed for banks and lending institutions to address the recovery of non-performing asset (NPA) loans through efficient property auctions.

Robust Architecture: Ensures seamless reliability and accessibility for users through both mobile and web interfaces, making it easy for stakeholders to interact with the platform.

The Goa Shipyard Limited (GSL) on Saturday launched Tavasya, the second frigate under Project 1135.6 Additional Follow-on Ships, marking a significant step toward India’s naval self-reliance.

Named after the legendary mace of Bhima from the Mahabharata, Tavasya symbolises the indomitable spirit and growing strength of the Indian Navy, officials said. These frigates are designed to perform surface, sub-surface, and air combat operations.

The contract for constructing two Project 1135.6 Follow-on frigates was signed between the Ministry of Defence and GSL in January 2019. The first ship, Triput, was launched on July 24.

The Delhi Legislative Assembly has taken a significant step towards digital governance by signing a tripartite Memorandum of Understanding (MoU) with the Ministry of Parliamentary Affairs (MoPA), Government of India and Government of National Capital Territory of Delhi (GNCTD) for the implementation of the National e-Vidhan Application (NeVA).

With this development, Delhi becomes the 28th legislature to sign MoU with the Ministry for implementation of the project, marking a new chapter in its legislative functioning, according to official release.

The 4th India-EU Maritime Security Dialogue was held in New Delhi yesterday. The Indian delegation was led by Joint Secretary (Disarmament and International Security Affairs) in Ministry of External Affairs, Muanpuii Saiawi and the EU delegation by Director for Security and Defence Policy, European External Action Service, Maciej Stadejek.

The two sides conferred on ways to sustain a secure maritime environment conducive for inclusive growth and global well-being. They reviewed ongoing cooperation initiatives in the maritime domain and avenues of reinforcing international and regional mechanisms for comprehensive maritime security. They agreed to strengthen their shared efforts in areas such as countering Illicit Maritime Activities, protection of critical maritime infrastructure, regional capability development and capacity building activities.

India has sent humanitarian assistance to Botswana in the wake of floods in the country. External Affairs Ministry said in a social media post that the first tranche of around 10 tons of assistance comprising essential medicines, surgical supplies, mosquito nets, and water purifiers was dispatched for Botswana.

Meanwhile, humanitarian assistance has also been sent to Kiribati to help strengthen the healthcare system of the country. A consignment of 6-bedded container-based Dialysis Units departed from Mundra Port for Tarawa, Kiribati yesterday.

The Annual General Meeting (AGM) of the Indian National Trust for Art and Cultural Heritage (INTACH) was conducted on March 22, 2025, at the Head Office located in New Delhi.

The Elections were held successfully for the post of Chairman and Governing Council members. After following due procedure the results were declared and Ashok Singh Thakur was elected as Chairman for 3 years, a release said.

INTACH is India's premier heritage conservation organisation formally constituted on 27th January 1984. It is a nationally registered Society under the Societies Registration Act (1860).

The Centre has withdrawn the 20 percent duty on onion exports, effective from 1st April. According to the Ministry of Consumer Affairs, Food and Public Distribution, this will ensure remunerative prices to farmers while maintaining the affordability of onions to the consumers at a crucial juncture. It added that both mandi and retail prices have softened following the expected arrival of rabi crops in good quantities.

As per the estimates, higher production of crops during the rabi season, including onions, is expected to further ease the market prices in the coming months. The export duty of 20 percent had been in place from 13th September last year to ensure domestic availability.

The Securities and Exchange Board of India (Sebi) is considering a key relaxation on the issuance of employee stock ownership plans (Esops) to founders of startups planning to go public.

According to a consultation paper released on Thursday, Sebi may allow founders, identified as promoters or part of the promoter group, to hold or exercise Esop benefits granted one year before the company’s initial public offering (IPO) plan.

Currently, Esops are reserved for employees, and the Companies (Share Capital and Debentures) Rules, 2014, prohibit their issuance to promoters. However, startups are eligible for certain relaxations.

The existing norms are unclear on whether employees holding Esops who later become promoters can exercise these options. To address this ambiguity, Sebi’s consultation paper proposes changes to the regulations.

The Ministry of Youth Affairs & Sports will host the third Central Asian Youth Delegation to India from March 22 to 28, as part of the International Youth Exchange Programme (IYEP). This initiative aims to foster youth collaboration, promote cultural exchange, and strengthen diplomatic ties between India and the five Central Asian nations: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.

The youth exchange program is in line with the vision articulated during the India-Central Asia Summit in January 2022, when Prime Minister Narendra Modi proposed an annual youth exchange initiative to enhance mutual understanding and cooperation among young leaders from the region. The delegation, consisting of 100 members, will engage in a variety of activities that include exploring India’s rich historical, educational, and cultural landmarks. The participants will also have opportunities to interact with local youth leaders and key stakeholders, further building bridges between the nations.

Chairman of the Indian Space Research Organisation (ISRO), Dr V Narayanan, said that the organisation is working on a mission to take an Indian to the Moon and bring him back safely. He also said that India will have its own space station by 2035.

He was at Lovely Professional University near Jalandhar as one of the key speakers at the 8th Chhatra Sansad. Dr Narayanan said that Prime Minister, Sh Narendra Modi, has given the guidelines to work on the mission of taking an Indian to the Moon and bringing him back safely, and the ISRO will accomplish this task by 2040. He also spoke about the humble but inspiring journey of the Indian Space Programme, which has many firsts to its credit now, including being the only space organisation to successfully complete a Mars orbit mission in its first attempt and that too by using a single rocket.

On the safe return of NASA astronauts Sunita Williams and Butch Wilmore after their epic nine-month odyssey in space, Dr Narayanan said he did not sleep as he was watching the entire mission. We have to learn from others for the success of our own missions.