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  Tail Period    Tail Period is the time difference between the end of planned debt  amortization period and the end of operating period. The debt should be  planned to be repaid well before the completion of operating period. It is  better to have longer Tail Period in Infrastructure project financing.                                                                                                                                                     

 ╭  *TODAYS TOP NEWS*  ××××××××××××××××××××××× 1.  Madhya Pradesh: National Program to mark World Bee Day to be held in Balaghat today.  2. PM Modi on 18 May inaugurated the international museum expo 2023 at the national Capital Delhi, Pragati Maidan.  3. Karnataka CM Announcement: Siddaramaiah, DK Shivakumar to take oath: Siddaramaiah is set to become the next chief minister of Karnataka, with DK Shivakumar as his deputy. Siddaramaiah will serve as the chief minister for a period of 2.5 years, after which Shivakumar will take over the position. 4. The Ghaziabad-Aligarh Expressway has made history after laying of bituminous concrete over a distance of 100 lane km in an unprecedented time of 100 hours.  5. The recently inaugurated one of India’s biggest Skywalk bridges, spanning 570 meters in length and 4.2 meters in width, was officially opened by Tamil Nadu Chief Minister MK Stalin. This skywalk bridge serves as a crucial connection between the Mambal...

🍒    Rs 2,000 notes to be withdrawn from circulation, exchange window to be open till September 30 : Currency notes of Rs 2,000 denomination will be withdrawn from circulation, said a Reserve Bank of India circular released on May 19. The central bank has asked banks to provide deposit and/or exchange facility for Rs 2,000 notes until September 30, 2023, a statement said. The banknotes of Rs 2,000 denomination will continue to be legal tender, it said. "Holders of these notes may deposit Rs 2,000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch. Deposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions," it said. Exchange facility for Rs 2,000 bank notes up to Rs 20,000 at a time would be available from May 23, the RBI said.- economic times 🍒    Punjab National Bank Q4 net surges 477% to ₹1,159 ...

Today's Headlines from : *Economic Times* 📝 Rs 2,000 notes to be withdrawn from circulation, exchange window open till September 30 📝 JSW Steel gets board approval to raise up to ₹18,000 crore 📝 Brookfield India REIT, GIC form partnership to acquire 2 assets in India 📝 Bandhan Bank Q4 Results: Net profit plunges 58% YoY to Rs 808 crore 📝 NTPC Q4 Results: Profit falls 6% YoY to Rs 4,871 crore, revenue up 19% 📝 Power Grid Q4 Results: Cons PAT rises 4% YoY to Rs 4,320 cr, Rs 4.75/share dividend declared 📝 RBI board approves transfer of Rs 87,416 crore as dividend to govt for FY23 📝 India's forex reserves soar to $599.53 bln *Business Standard* 📝  Overseas debit, credit card payments up to Rs 7 lakh a yr out of LRS: Govt 📝  PNB Q4 net profit jumps fivefold to Rs 1,159 crore as interest income rises 📝  M3M eyes Rs 600 cr sales from phase-1 of City of Dreams project at Panipat 📝  Zomato narrows losses to Rs 188 cr in Q4, expenses fall to Rs 2,431 cr 📝  JS...

*Rs. 2000 DENOMINATION BANKNOTES – WITHDRAWAL FROM CIRCULATION* *Withdrawal from Circulation* In pursuance of Clean Bank Note Policy, RBI announced withdrawal of Rs. 2000 Denomination Banknotes from Circulation vide its Press Release dated 19th May 2023. *Previous such kind of withdrawal of Notes was undertaken in 2013-14.* *Legal Tender* However, Rs. 2000/- Denomination Banknotes will Continue As Legal Tender *Issuance* Issuance of Rs. 2000/- to Members of Public by Banks stopped with immediate effect. *Printing* Printing of Rs. 2000/- Denomination Banknotes was stopped in 2018-19 *Deposits of Rs. 2000/- Denomination Banknotes* The members of public may deposit Rs. 2000/- Denomination Banknotes without any restriction in their bank account *Exchange of Rs. 2000/- Denomination Banknotes* Banks may exchange 2000 Rupees Banknotes upto a limit of 20,000 Rupees at a time at any bank starting from 23rd May 2023. The facility of exchange shall also be provided at the 19 regional office of RB...

  ✅International organisations and their headquarters ✅United Nations Development Program (UNDP) : Newyork ✅United Nations environment programme (UNEP) : Nairobi ✅World food programme : Rome ✅International fund for agriculture development : Rome ✅International labour organization : Geneva ✅Universal Postal Union : Bern ✅World health organization : Geneva ✅UN Women : Newyork ✅Asian Development Bank : Manila ✅Bank of international settlement : Basel ✅International civil aviation organization : Montreal ✅International peace bureau : Geneva ✅Organization of the petroleum exporting countries : Vienna ✅United nation food and agricultural organization : Rome ✅Worl Wide for Nature : Gland ✅United Nations office of drugs and crime : Vienna