WEF Recognizes 17 Indian Companies As Global Growth Companies
17 companies from India were recognised as Global Growth Company by World Economic Forum (WEF) as notified by it on 5 November. Ratnakar Bank Limited (RBL), headquartered at Kolhapur (Maharashtra), is the only banking entity out of these 17 companies from India, which have been described as region’s most dynamic and high-growth companies by the WEF. The Global Growth Companies community comprises over 370 companies around the world.

Government of India and World Bank Signed $200 Million Agreement
The Government of India (GoI) and the World Bank on 10 November signed a $200 million loan agreement to enhance the productivity of Micro, Small and Medium Enterprises (MSMEs) by expanding and upgrading Technology Centers across India. The Technology Center Systems Program (TCSP) will develop the technological and skills base of MSMEs in selected manufacturing industries.

Kerala Becomes First State with Bank Accounts For All Families
Kerala has become the first state in the country with bank accounts for all families under Pradhan Mantri Jan Dhan Yojna (PMJDY). A formal declaration to this effect was made by Kerala Finance Minister K M Mani at the State-Level Bankers’ Committee (SLBC) meeting in Thiruvananthapuram on 11 November.

India’s Growth Forecast Raised To 6.6 percent By OECD For 2015-16
Organisation for Economic Cooperation and Development (OECD) on 19 November raised India’s growth forecast to 6.6 percent for the financial year 2015-2016.


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