The DCIP was signed by Dr. Khalid Khalafalla, CEO of ICIEC, and Mr Ahmed Atteya, Head of Financial Institutions at Al Baraka Bank Egypt. This underscores the critical role of tailored risk-mitigation instruments in de-risking and enabling cross-border trade.

The insurance policy provides a comprehensive coverage for Al Baraka Bank’s documentary credit transactions by protecting the bank againt non-payment risk of overseas banks issing letters of credit (LCs). This enables to enlarge its LC confirmation business to support Egyptian exports.

Dr. Khalid Khalafalla, CEO of ICIEC, stated, “We are honored to partner with Al Baraka Bank – Egypt on this Documentary Credit Insurance Policy to de-risk Egyptian exports. This collaboration strengthens economic resilience and supports growth across our member states.”

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NEW DELHI: The Esports Conclave 2025 emerged as a defining moment for Indian Esports, setting the tone for a new era of national policy, industry alignment, and global ambition. Hosted by the Physical Education Foundation of India (PEFI), a National Sports Promotion Organization (NSPO) recognized by the Ministry of Youth Affairs and Sports, Government of India, in collaboration with KRAFTON India, Invest Indi, and NODWIN Gaming, the event, which concluded in New Delhi yesterday, brought together key decision-makers, innovators, and stakeholders from across the ecosystem.

The Conclave concluded with a collective commitment to prepare and submit formal Esports policy recommendations to the Ministry of Youth Affairs and Sports. This marks the beginning of a focused roadmap to integrate Esports into India’s broader sports and youth development policies.

The landmark event was graced by Raksha Nikhil Khadse, Hon’ble Minister of State for Youth Affairs & Sports, as the Chief Guest. She lauded the efforts of all stakeholders in fostering an environment that promotes Esports talent and innovation. She also highlighted the sector’s potential in enhancing digital literacy, generating employment opportunities, and underscored the government’s commitment to positioning Esports as a mainstream sports discipline.

Speaking at the event, Smt. Raksha Nikhil Khadse, Hon’ble Minister of State for Youth Affairs & Sports said, “E-sports is a realm of Sports Governance with fast-growing industry & immense potential. The Esports Conclave 2025 organized by the Physical Education Foundation of India (PEFI) and supported by KRAFTON and Invest India aimed to discuss the potential and future of Esports and its role in global leadership. The discussions with industry leaders, policymakers, and gaming professionals highlighted key opportunities, challenges, and the future of competitive gaming in India. With the right policies and investments, India is set to become a global powerhouse in Esports!”

This comes at a time when Esports has been confirmed as a medaling sport at the Asian Games in Hangzhou and will be one in the upcoming 2026 Asian Games in Nagoya, Japan.  Additionally, ⁠the first edition of the Olympic Esports Games, a landmark event, both, in the world of Esports, and within the Olympic Movement, is scheduled to be held in Riyadh, Saudi Arabia in 2027.

Representatives from across sectors including gaming firms, government institutions, Esports platforms, training bodies, and startups participated in the discussions. Centered around the overarching theme of ‘Forging the Path to Global Leadership,’ the Conclave featured three high-powered panel discussions exploring the future of Esports in India, the country’s medal ambitions on the global stage, and strategies for building a robust Esports industry.

Sean Hyunil Sohn, CEO, of KRAFTON India, opened the inaugural session and said, “India is at a pivotal moment in its Esports journey. With growing momentum across policy, talent, and investment, the country is well-positioned to lead the global Esports narrative. At KRAFTON, we’re proud to support this transformation by investing in talent, fostering innovation, and helping build a thriving, world-class Esports ecosystem. Supportive policies and a collaborative ecosystem will be key in propelling India to the forefront of the global Esports arena.”

“Esports is a rapidly growing sector and should be integrated into school curriculums. Establishing structured training programs and fostering grassroots development will be key to nurturing talent and paving the way for future Olympic success in Esports,” said Dr. Piyush Jain, National Secretary PEFI.

Some of the key attendees and speakers at the Conclave included:

Guests of Honor:

• Shri Bangararaju V.V.K.K. Thatavarthi Director-Ministry of Youth Affairs & Sports, Government of India
• Mr. Amulya Sah – Senior Vice President, Invest India
• Mr Anandeshwar Panday – General Secretary, Uttar Pradesh Olympic Association
• Ms. Shreya Singhal, IAS, Additional Director of Education, Government of Delhi

Among the other esteemed guests were:

• Mr. Akshat Rathee, Managing Director & Co-Founder, NODWIN Gaming
• Mr. Animesh Agarwal, Managing Director & CEO, S8UL
• Mr. Minho Yi, Vice President, Head of Esports, KRAFTON, Inc. (South Korea)
• Mr Karan Pathak, Associate Director, Esports, KRAFTON India.
• Mr. Udit Sheth, Founder & Managing Director, TransStadia & President, Yogasana Bharat
• Mr. S.N. Raghuchandran Nair, Vice President & Executive Director, Kerala Olympic Association
• Mr. Aman Garg, Chair, Commonwealth Youth for Sports Development and Peace Council
• Mr. Abhishek Aggarwal, Co-Founder & CEO, Trinity Gaming
• Mr. Siddharth Nayyar, Co-Founder, Max Level
• Ms. Kaveri Khullar, Senior Vice President, Marketing & Sponsorships, Mastercard AsiaPac
• Dr. Piyush Jain, National Secretary, PEFI & Governing Body Member, SAI
• Dr. A.K Bansal, Dronacharya Awardee (Hockey), President – PEFI                             
• Sh. Aswini Sahoo, Consultant – Adventure Sports, Grant Thornton Bharat LLP         

Hon’ble MoS for Youth Affairs & Sports, Smt. Raksha Khadse, delivering the keynote address at the Esports Conclave 2025 in New Delhi

The discussions covered critical themes including the rise of Esports in India, policy and investment opportunities, integration with traditional sports, career and revenue models, as well as strategies for international competitiveness, player development, and India’s medal ambitions on the global stage. This Conclave stands as the strongest statement yet of India’s commitment to elevating Esports to a new tier of recognition and respect. With active collaboration between government and industry and a formal policy submission on the horizon, India is setting the stage to become a global Esports leader.

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The post Understanding the RBI Monetary Policy Through the Lens of the State Bank of India Chairman appeared first on NRI News.

This welcome move from the RBI comes after the SEBI’s directive to allow a UPI-based block mechanism for funding secondary market trades in the capital market. Overall, the use cases for UPI are increasing. This augurs well for both the consumer as well as for the industry, as payments become more efficient and convenient.” said Rahul Jain, CFO of NTT DATA Payment Services India

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Dr. Kathula along with dozens of physicians of Indian origin, who flew in from many parts of the United States to join in and participate at the 78^th India’s Independence Day celebrations and the Inda Day Parade in New York City, met with the officials at the Indian Consulate in New York on Sunday, August 18^th.

Hon. Jeph and the Indian Consulate in New York tweeted on X after the meeting: “Deputy Consul General Hon. Varun Jeph and AAPI President Dr. Satheesh Kathula met in New York today. Had constructive discussions on the role of Indian physicians in the US in strengthening Indo-US healthcare collaborations and empowering the vibrant Diaspora community. Wish him the best for his tenure as AAPI President.”

Dr. Kathula described the meeting as very productive. While elaborating on the discussions he had with Hon. Jeph, he said, “The discussions highlighted key projects that AAPI will be undertaking in India, including programs focused on the prevention of cancer and heart attacks, as well as widespread CPR training initiatives aimed at improving emergency response capabilities across the country.”

Dr. Kathula pointed to the next edition of the Global Health Summit, planned to be held in New Delhi from October 18-20, 2024. This summit is expected to bring together healthcare professionals and experts from around the world to share knowledge, explore innovative healthcare solutions, and strengthen global health partnerships.

The flagship annual event of AAPI, the Global Healthcare Summit has contributed to ushering in new ways of providing healthcare to India’s 1.4 Billion people, who live in the congested urban centers and in the rural/remote regions of the country. The 18^th annual GHS will build on past initiatives and add several new programs, Dr. Kathula added.

Dr. Kathula has served AAPI in various capacities. He was the Regional Director and a member of the Board of Trustees. He was elected overwhelmingly by AAPI members as the national Treasurer, Secretary, and Vice President of AAPI, and has served as the President-Elect of AAPI during the year 2023-34. In his inaugural note, Dr. Kathula assured all AAPI members and all physicians of Indian origin that “I will sincerely work for the betterment of our beloved organization, AAPI.”

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Shri MAKP Singh, Member (Hydro), CEA, and Shri KS Sundaram, Director (Projects), NTPC, graced the inaugural session in the presence of Shri S.N. Tripathi, RED (Hydro), NTPC, and other senior officials.

The workshop saw the participation of over 200 delegates from various Central Public Sector Undertakings (CPSUs), State PSUs, government departments, Original Equipment Manufacturers (OEMs), and other technocrats from across the country. The other notable attendees included representatives from CEA, CWC, GSI, EDF, the Embassy of France, Ukraine, L&T, Tata Projects, AFCONS, RVNL, Andritz Hydro, Voith Hydro, Power Machines, and BHEL.

Pumped Storage Project is an economical large-scale energy storage system that is domestically available and can balance excess energy generation from the Variable RE sources during non-peaking hours and rising grid demand during peak hours to provide stability to Grid and RTC power to consumers.

During the workshop, the Policy Framework and statutory clearance requirements for PSPs were explained by the Central Electricity Dept. Policies and methodology for forest clearances and Environmental clearances for detailed project report (DPR) were explained by officials from MoEF &CC. Moreover, Heavy civil construction giants Tata Projects, L&T, and RVNL, made their presentation and highlighted how innovative methodologies & technological and risk-sharing measures will facilitate achieving timely completion of the Pumped Storage Projects. M/s Greenko who is executing the Pinnapuram PSP in Andhra Pradesh has presented issues & challenges for the development of PSPs.

Equipment manufacturers Andritz Hydro and Voith Hydro brought technical insights to standardize the EM equipment for PSPs. They emphasized involving the OEMs right from the conceptualization stage for basic design which can save time for model studies & manufacturing of EM equipment.

The concluding session was chaired by Shri MAKP Singh, Member (Hydro), CEA, in the presence of Shri S.L. Kapil, Ex-Executive Director, NHPC, Shri R.P. Ahirwar, Head of Project, Koldam, NTPC, and Shri J.C. Kakoti, GM (Hydro Engineering), NTPC.

NTPC is currently pursuing 8900 MW of PSPs across the country, with the Upper Bhavani PSP (1000 MW) recently allocated to NTPC by the Government of Tamil Nadu.

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The release of the Indian Space Policy-2023 in April 2023 by the Government of India was a watershed moment for the Indian space sector. This policy permitted NGEs to participate in space activities end-to-end. In line with the role of IN-SPACe defined in ISP-2023, IN-SPACe has formulated and released today the Norms, Guidelines, and Procedures (NGP) for implementation of the Indian Space Policy 2023 in respect of Authorization of Space Activities.

The NGP would complement the Government’s endeavor to provide a predictable regulatory regime, transparency, and ease of doing business in the Indian space sector. The NGP document lists space activities that need authorization from IN-SPACe, specifies criteria for granting such authorizations, and provides necessary guidelines/pre-requisites to be fulfilled by an Applicant for making authorization application to IN-SPACe. The NGP document can be viewed and downloaded from IN-SPACe digital portal (www.inspace.gov.in)

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PUNE: Bajaj Allianz Life, one of India’s leading private life insurers, announces bonuses for the 23^rd consecutive year! This is for the over 11.66 lakh policyholders who have invested in the Company’s participating products. This is the Company’s highest bonus declaration ever at Rs. 1,383 crores for FY2024.

Policyholders with traditional participating (with-profit) policies are eligible to receive this bonus, which is declared from the surplus generated under the participating (with-profits) funds. All participating policies in force as of March 31, 2024, are eligible to receive this bonus. Policyholders of participating products like Bajaj Allianz Life Flexi Income Goal, Bajaj Allianz Elite Assure, and Bajaj Allianz Life Ace, amongst others, stand to benefit from the bonus declared. The FY2024 bonus marks a 15% increase over the FY2023 bonus, which stood at Rs. 1,201 crores. 

Tarun Chugh, MD & CEO, of Bajaj Allianz Life Insurance, said, “We are happy to declare one of the highest bonuses in our history of over two decades. It’s a reflection of the focus we lay on enabling the long-term life goals of our customers in every manner. Our investment strategies that back our value-packed products are designed to ensure we bring our customers closer to their life goals each year.  This bonus declaration is one such essential step in that direction. We will continue to work tirelessly towards our customers’ life goals and acknowledge their trust and faith in us through such declarations.”

Bonuses declared in each financial year are accumulated and distributed upon policy maturity or exit. Additionally, cash bonuses will be paid out on specific policy events in accordance with policy conditions.

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MUMBAI: The National Stock Exchange of India (NSE), in collaboration with Pahle India Foundation (PIF), announced the launch of an exclusive compendium summarizing the insights and discussions from a series of 11 seminars focused on Environmental, Social, and Governance (ESG). This landmark publication was unveiled at a special event, at NSE headquarters, attended by industry leaders, policymakers, and sustainability advocates.

The collaboration between NSE and PIF on this initiative has been a pioneering effort in bringing together a diverse group of stakeholders, market participants, policymakers, and domain experts on a single platform and engaging in thought-provoking discussions with the aim of policy advocacy while keeping ESG issues at the forefront.

Each seminar was meticulously designed to tackle specific aspects of ESG such as green bonds and carbon trading, stewardship code, NBFC and PSU governance, and the Social Stock Exchange. Following these engaging and insightful discussions, a policy brief was released summarizing the key points and recommendations made during each seminar.

The compendium released by NSE and PIF compiles these policy briefs, offering an overview of the policy imperatives in the current ESG landscape and a vision for a sustainable and equitable future.

Speaking at the event, Shri Ashishkumar Chauhan, MD & CEO, of NSE emphasized the importance of ESG considerations in today’s market environment. “This compendium is not just a reflection of the discussions that took place; it’s a roadmap for integrating sustainability into the core of our ecosystem. It’s the culmination of a year-long journey of knowledge sharing and a step forward towards fostering a more responsible market,” said Shri Ashishkumar Chauhan.

Dr. Rajiv Kumar, Chairman of Pahle India Foundation and former Vice Chairman of NITI Aayog who founded PIF in 2013, as a non-profit research policy think tank, highlighted the combined effort behind the seminars and the compendium. “Through our collaboration with NSE, we aimed to create a platform for meaningful dialogue on ESG. This compendium is a testament to our commitment to promoting sustainable development and responsible business practices in India,” remarked Dr. Rajiv Kumar.

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The ISC 2024 was inaugurated today 29th February 2024, the chief guest was Dr. C D Mayee, former Chairman, of the Agricultural Scientist Recruitment Board and a renowned scientist in the field of Agriculture. The Guest of Honour was Dr A K Singh, Vice Chancellor of CSA University of Agriculture and Technology, Kanpur, Uttar Pradesh. Shree  Ajeet Mulay, Convener of National Organizing Committee of ISC 2024 welcomed all the guests, other dignitaries, and delegates He also gave a brief background of the deliberation which will take place during the two-day event. Dr B B Pattanaik, General Secretary of NSAI briefly informed the audience on the various activities undertaken by NSAI to support the Indian seed industry.

Dr M Prabhakar Rao, President NSAI made a detailed presentation on the present status and prospects of the Indian Seed industry starting from the green revolution to the present period of Amritkal. He lauded the role of the seed industry in the development of Indian Agriculture and the Indian Economy. He indicated that with India setting itself to boost its economy to 7 trillion USD by 2030 and 10 trillion USD by 2034, the seed industry also has the potential to grow to 7 billion USD if we can focus and aim for 1 billion USD export. He also gave a perspective view of the future developments and emerging technologies that would need to be integrated with seed research and development to harness their full potential. Dr Rao also presented a matrix to set the priority of the seed sector for the new era.

Guest of Honour, Dr AK Singh mentioned that Indian Agriculture has gone through tremendous transformation exhibiting outstanding growth in several crops, particularly, the horticultural crops. Still, there was huge potential to be tapped for boosting the production to a level where we ensure our domestic food and nutritional security and also tap the growing export market. Dr Singh was of the view that good quality seeds alone were capable of pioneering this transformation and hoped that the deliberations during the ISC would set a direction for this initiative. 

Chief Guest Dr C D Mayee appreciated the visionary presentation by President NSAI and hoped that under his leadership the Seed industry was going to achieve new heights in the days to come. Dr. Mayee emphasized the use of new technology to be used in the area where we are facing constraints, particularly, concerning the increasing labor problems in agriculture which could be tackled by the mechanization and adaptation of new technology tools. Extensive use of digital technologies in agriculture has to be explored to address the difficult areas of agricultural development. Dr. Mayee suggested that we must target the new genetic tools and technologies for improvements in the production/productivity of crops where we have shortages, particularly, the oilseeds like mustard, soybean, and groundnut and also several pulses.

Shri Vaibhav R Kashikar, Treasurer NSAI summarized the 12-year journey of ISC which has made a significant contribution towards giving shape to the Indian Seed Industry, and presented the vote of thanks to all distinguished guests, sponsors delegated and all others associated with the organization with event.

The ISC 2024 which will continue on 29th February and 1st March 2024 has been organized into six Technical Sessions that address emerging topics having an impact on the Indian Seed industry to be discussed in detail by the best subject matter experts invited from national/international institutions, about seeds.  Exhibition stalls have also been set up to showcase the latest technology and products by the seed companies and trading tables to provide a platform for business negotiations and promotion of seed trade.

The two-day event would enable comprehensive deliberations and discussions on scientific, technological, regulatory, and business developments which are going to be the core attraction of ISC 2024.

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