Daily News

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MIT scientists built biggest-ever carbon nanotube computer chip

Scientists at the Massachusetts Institute of Technology (MIT) have developed the biggest-ever computer chip using carbon nanotubes (CNT), instead of silicon. The RV16XNano is a 16-bit processor that contains 14,000 transistors — electronic switches.

Did you Know

Professor Norio Taniguchi coined the term nanotechnology.

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Government to Merge Ten Public Sector Banks Into Four

FM announced following merger- Punjab National Bank, Oriental Bank of Commerce & United Bank together (2nd Largest); Canara Bank and Syndicate Bank (4th Largest) ; Union Bank will be merged with Andhra Bank and Corporation Bank(5th Largest).

Did you Know

Indian Bank will be merged with Allahabad Bank (7th Largest).

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NTPC Sets Up Subsidiary To Foray Into Commercial Coal Mining

NTPC Ltd. announced incorporation of a subsidiary, NTPC Mining Ltd., paving the way for its foray into commercial coal mining. The state-run power firm also has plans to list the coal subsidiary on the stock exchanges.

Did you Know

NTPC Ltd. incorporated under the Companies Act 1956.

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India’s Fiscal Deficit In July At 77.8% Of 2019-20 Target

According to data released by the Controller General of Accounts, India’s fiscal deficit in July was at 77.8 percent of its 2019-20 target. The gap between the government’s revenue and expenditure rose to Rs 5.47 lakh crore at the end of July.

Did you Know

Girraj Prasad Gupta is present Controller General of Accounts.

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Indians spend 7% of their day in office commute: Travel Time Report

As per the ‘Travel Time Report released by ,MoveInSync Technology Solutions, for 6 key cities of India namely, Bengaluru, Hyderabad, Chennai, Pune, Mumbai &Delhi-NCR,an avg. Indian spends 7% of their day in commuting to office averaging less than 3 min/Km.

Did you Know

Tuesday had the fastest average 1-way commute time in Bengaluru

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ICFRE-ICIMOD’s REDD+ Himalayan programme extended till 2020

REDD+ programme being carried out in the himalayan states jointly by Indian Council of Forestry Research and Education (ICFRE) and International Centre for Integrated Mountain Development (ICIMOD) has been extended till July 2020.

Did you Know

REDD+,Reducing Emissions from Deforestation & Forest Degradation

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IndiGo appoints Aditya Pande as its new CFO

InterGlobe Aviation Ltd. has appointed GE-Healthcare official Aditya Pande as its chief financial officer. He replaces Rohit Philip. He is a qualified chartered accountant & has over 27 years of finance leadership experience.

Did you Know

IndiGo operates Airbus A320 Neo, A320 CEO & A321 aircraft

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RBI extends deadline for PPIs to become full KYC complaint

The Reserve Bank of India (RBI) extended the timeline for the conversion of minimum detail Prepaid Payment Instruments to KYC-compliant PPIs from 18 months to 24 months. Payments Council of India (PCI) welcomed the move.

Did you Know

Vishwas Patel, chairman, Payments Council of India

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NPCI revises merchant discount rates for BHIM UPI transactions

NPCI has rationalised merchant discount rates for BHIM UPI transactions to promote digital payments. As per the latest notification, the Merchant discount rates (MDR) has been revised to 0.30% with a maximum cap of ₹100 per transaction.

Did you Know

Dilip Asbe, MD and CEO, National Payments Corporation of India

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SBI Raises Up To Rs 3,105 Crore By Issuing Basel-III-Compliant Bonds

SBI accorded approval to allot 31,048 non-convertible, taxable, perpetual,subordinated, unsecured Basel-III-compliant bonds for inclusion in bank’s additional tier-I capital.Indian banking system implementing Basel-III standards in phases since April1,2013

Did you Know

Rajnish Kumar. Chairman, State Bank of India.

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India's GDP growth slows to 5% in April-June 2019

The Central Statistics Office (CSO) released the GDP numbers for April-June quarter, which showed India’s GDP expanded 5% in the quarter through June,the slowest pace in six and half years.Indian economy grew 5 percent year-on-year in 1st quarter of FY2020

Did you Know

Director General (ES), CSO -Tapas Kumar Sanyal.

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India-UK project to find affordable solutions to cancer

The government’s Department of Biotechnology has joined hands with British charity, Cancer Research UK, to launch a research challenge for affordable approaches to cancer. The initiative will fund research projects totalling 10 million pounds over the next

Did you Know

It will be managed by DBT/Wellcome Trust India Alliance.