Daily News

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India inks Rs 880 crore deal for Israeli light machine guns for frontline troops

Indian Armed Forces operating under Ministry of Defence signed an agreement with the Israel Weapons Industry. According to the agreement, India is to procure 16, 479 LMG (Light Machine Guns) for Rs 880 crores. The LMG are used as squad automatic weapons.

Did you Know

The LMG were first used in Second World War.

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DBS Bank, Bharti AXA join hands for insurance plan covering Covid-19

DBS Bank India has tied-up with Bharti AXA to roll out a complimentary insurance plan covering all medical conditions, including Covid-19. Plan will cover all medical conditions- up to 10 days hospitalisation, with a cover of Rs 5,000 per day, for 30-days.

Did you Know

Emergency Global Medical Assist Program is also launched.

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To maintain liquidity, RBI to purchase Rs 10,000 Cr govt bonds via OMO

RBI will buy Rs 10,000 Cr of bonds from the secondary market to keep the market liquid, even as it infused Rs 25,000 Cr of liquidity through Long Term Repo Operations. The RBI has already infused Rs 1 trillion of liquidity through LTRO since February.

Did you Know

The bonds are mature between February 2022 and May 2025.

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RBI extends authorization issued to Vakrangee for white label ATMs

RBI provided the Renewal of Authorization for Vakrangee. The validity has been extended till 31 March 2021.RBI also assigned a target of minimum 1,000 ATMS to be deployed by Vakrangee for every calendar year starting 2020 for an initial period of 3 years.

Did you Know

ATMs deployed Ratio, Metro & Urban, Semi-Urban & Rural- 1:2:3.

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WhatsApp donates $1 million to IFCN for coronavirus facts alliance

WhatsApp announced the global launch of the WhatsApp Coronavirus Information Hub in partnership with the World Health Organization, UNICEF and UNDP, besides a $1 million donation to the Poynter Institute's International Fact-Checking Network (IFCN).

Did you Know

Director of IFCN- Baybars Orsek.

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Premium subsidy sharing pattern between Centre & North Eastern states changed from 50:50 to 90:10: Agriculture Minister

Agriculture minister Narendra Singh Tomar said that the premium subsidy sharing pattern between Centre & NE States has been changed from 50: 50 to 90:10 for PM- Kisan Samman Nidhi Yojana and Restructured Weather Based Crop Insurance Scheme (RWBCIS).

Did you Know

For remaining States, subsidy sharing pattern- 50: 50.

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Indian Railways to electrify all broad-gauge routes by December 2023

Minister of Railways and Commerce and Industry, Piyush Goyal informed that IR Ministry plans to electrify all Broad Gauge (BG) routes by December 2023. Railway Ministry has planned to source around 1000 MW of solar power as part of its solar mission.

Did you Know

Out of this 101.42 MW of solar power, has already been set up.

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New Zealand all-rounder Andrew Malcolm Ellis announced retirement

New Zealand bowling allrounder Andrew Ellis retired after to end a career he had started in 2002-03. Ellis is only the 2nd player in New Zealand domestic history to have played over 100 games in each format - 106 first-class, 133 List A and 127 T20s.

Did you Know

Ellis played 15 ODIs and five T20Is in 2012 and 2013.

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Legendary boxing trainer Roger Mayweather dies at age 58

Roger Mayweather, a former two-division world champion, accomplished trainer and has died at age 58. Mayweather turned pro in 1981, winning his first 17 career fights and capturing the WBA and lineal super featherweight championships in the process.

Did you Know

He trained boxing superstar Loyd Mayweather.

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20 March: International Day of Happiness

The International Day of Happiness is observed on March 20th. It was founded by Illien Global CEO Jayme Illien & adopted by the UN in 2012. Day of Happiness is organised by the United Nations to promote the idea that happiness is a fundamental human goal.

Did you Know

2020 Theme: ‘Happiness for all’.

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20 March: World Sparrow Day

Every year March 20 is observed as World Sparrow Day to raise awareness about the bird. Need for marking this day was felt due to the tremendous decrease in its population. The initiative was started by Nature Forever Society founded by Mohammed Dilawar.

Did you Know

Theme- 'I Love Sparrows'.

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French Language Day is observed on 20th March

French Language Day observed on 20 March, was established in 2010 by the United Nations’ Department of Public Information. The UN’s goal was to honour multilingualism, cultural diversity, and supports equal usage of its six official languages.

Did you Know

Approximately 45% of English words have a French origin.

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India Post Launches Free Digital Locker Service In Kolkata

For the 1st time in India, the Dept. of Posts introduced a free digital parcel locker service in the city.The facility will be available in two post offices in Kolkata- the Nabadiganta IT Post Office in Sector 5 of Salt Lake City and another in New Town.

Did you Know

India Post comes under Ministry of Communication & Technology.

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ADB announces $6.5 Billion package for Developing Member Countries

Asian Development Bank (ADB) announced a $6.5 billion package for its developing member countries to fight the coronavirus pandemic. ADB stands ready to provide further financial assistance and policy advice down the road whenever the situation warrants.

Did you Know

ADB headquartered- Manila ; ADB President Masatsugu Asakawa.

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ICICI Lombard rolls out dedicated insurance cover for Covid-19

ICICI Lombard has rolled out a dedicated Covid-19 group insurance cover.The insurance policy will pay 100% of the entire sum insured on the policyholder’s first Covid-19 diagnosis during the policy period.The health cover is priced at a premium of ₹149.

Did you Know

ICICI Lombard CEO: Bhargav Dasgupta .

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Indian football legend PK Banerjee dies aged 83

Legendary India footballer PK Banerjee,83 passed away. He represented India in the 1956 Melbourne Olympics & led India in the 1960 Rome Olympics. He scored 65 international goals in 84 appearances for the national team.

Did you Know

He won the gold medal at the Jakarta Asian Games in 1992.