Daily News


RBI proposes amendments to working capital loan norms

The Reserve Bank of India (RBI) has proposed a minimum 40% loan component for working capital funding of Rs. 150 crore and above to bring in greater credit discipline and improve monetary transmission.

It also proposes to increase the minimum limit to 60% from April 1, 2019.

The loan’s tenure will be minimum seven days.

Did you Know

Currently, working capital is mostly in the form of cash credit for which interest rate is reset once a year. Also, cash credit does not have a tight repayment schedule.


Universal screening for tuberculosis and leprosy

At the age of 30 years, everyone will have to be screened for diabetes, hypertension, cancers, tuberculosis and leprosy.

India accounts for the largest number of TB cases in the world and 60 per cent of the global burden of leprosy. At 27.9 lakh, India’s TB incidence in 2016 was down marginally from the previous year’s 28.4 lakh. The number of TB-related deaths was 4.35 lakh, down by 15 per cent from 5.17 lakh.

Did you Know

All states except Chhattisgarh and the Union Territory Dadra and Nagar Haveli have eliminated leprosy.
India has set 2025 as the target year to eliminate TB- ahead of the global sustainable development (SDG) deadline of 2030.


e-Auction for allotting petrol pumps, CNG sites

Government of Haryana has introduced e-auctioning for allotment of petrol pumps, CNG or PNG sites to various oil companies in the urban estates of Haryana Shehari Vikas Pradhikaran (HSVP).

The sites would be on leasehold basis and designated as filling-cum-charging stations. It could be used by the allottee for CNG or petrol pump and diesel pump or allied activities such as battery-charging station for future e-vehicles etc

With the introduction of e-auction, the existing system of branding the site as petrol or diesel pump, would be discontinued.

Did you Know

Haryana Capital- Chandigarh
Governor of Haryana- Kaptan Singh Solanki
Chief Minister of Haryana- Manohar Lal Khattar


Construction of diaphragm wall completed in Polavaram Project

It has been constructed in a record time of 14 months at a cost of Rs 423 crores.

The longest and deepest such wall in the country, it forms the foundation for the Earth-cum-Rock-Fill (ECRF) Dam of the Polavaram project across the Godavari river.

Did you Know

Polavaram Project is a multi-purpose irrigation project in the state of Andhra Pradesh. It has been accorded national project status by the union government of India.
The reservoir of the project spreads in parts of Chhattisgarh and Odisha States also.


Indian boxers in the finals of the Umakhanov Memorial Tournament

Brijesh Yadav (81kg) and Virender Kumar (91kg) advanced to the finals of the Umakhanov Memorial Tournament.

Gaurav Bidhuri (56kg) settled for a bronze medal after going down in the last-four stage.

Among the Indian women, only Saweety Boora (75kg) has made the final.

Did you Know

Umakhanov Memorial Tournament is a boxing competition held in Kaspiysk, Russia.


Grand Finale of Smart India Hackathon 2018 – Hardware edition

The Smart India Hackathon 2018 (SIH2018) – Hardware edition is the first of its kind innovative initiative by Ministry of HRD to provide national platform to young technical minds of India to showcase their disruptive innovations and creative products which can bring out revolutionary changes in crucial sectors like agriculture, health, clean water, waste management, automotive, smart communication, and education.

The Hardware edition is the sub-edition of SIH2018.

Did you Know

Smart India Hackathon 2018 is a digital product development competition involving all Technology institutes in India with a reach to approximately 30 lakh students.
All India Council for Technical Education (AICTE) under the aegis of Ministry of Human Resource Development (MHRD) and in collaboration with i4c, MyGov, Persistent Systems, and Rambhau Mhalgi Prabodhini organize this event across India.


Ministry of Railways launches “Rail Madad”

“Rail MADAD (Mobile Application for Desired Assistance During travel)” is an App to expedite & streamline passenger grievance redressal.

Salient features of Rail Madad application are-

❖ Rail MADAD (Mobile Application for Desired Assistance During travel) registers a complaint with minimum inputs from passenger(option of photo also available), issues unique ID instantly and relays the complaint online to relevant field officials for immediate action. The action taken on complaint is also relayed to passenger through SMS, thus fast tracking the entire process of redressal of complaints through digitisation.

❖ Rail MADAD also displays various helpline numbers (e.g., Security, Child helpline etc) and provides direct calling facility for immediate assistance in one easy step

❖ All modes of filing complaints including offline and online modes are being integrated on a single platform, therefore the resultant management reports present a holistic picture of weak/deficient areas and enable focused corrective action by officials concerned.

❖ The data analysis would also generate trends on various performance parameters of a selected train/station like cleanliness, amenities etc thus making managerial decision more precise and effective.

❖ Hierarchy based dashboard/reports will be available for management at Division /Zonal/Railway board level and sent through auto email to every concerned officer weekly.

Did you Know

RPGRAMS (Railway Passenger Grievance Redressal and Management System) integrates all the passenger complaints received from multiple modes (14 offline/online modes currently) on a single platform.
Minister of Railways - Piyush Goyal


CSR Support by IndusInd Bank

IndusInd Bank is supporting Common Services Centers e-Governance Services India Limited, a Special Purpose Vehicle (CSC SPV) for the digital literacy of 3 lakh candidates through CSR fund.

The candidates are also certified under Pradhan Mantri Digital Saksharta Abhiyan (PMGDISHA).

Did you Know

Managing Director & CEO of IndusInd Bank- Romesh Sobti
Headquarters - Mumbai
Tagline- We Make You Feel Richer


National Awards on Best Performing Self Help Groups

Union Ministery of Rural Development has conferred the National Awards on Best Performing Self Help Groups (SHGs) under Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM) to provide public recognition to the outstanding performance of the community institutions.

For the assessment year 2017-18, a total of 34 SHGs have been awarded National Awards, with each SHG receiving a cash award of Rs. 1,00,000 along with a commemoration and a certificate of appreciation.

Did you Know

Union Minister for Rural Development - Narendra Singh Tomar
DAY-NRLM is aided in part through investment support by the World Bank. The Mission aims at creating efficient and effective institutional platforms of the rural poor, enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.


Pharmaceutical industry records double-digit growth

The pharmaceutical industry, after 12 months, bounced back to double-digit growth in May, recording a 10.8 per cent year-on-year revenue growth.

The government is planning to introduce a new price index for pharma products that would determine the prices of all medicines sold in the country, not only those listed in the national list of essential medicines.

Currently, prices of around 850 drugs are capped by the government.

Did you Know

The National Pharmaceutical Pricing Authority revises these prices annually based on the wholesale price index (WPI). For other medicines, companies can raise prices by 10 per cent every year.