Includes:
•Live Video & Audio Interaction with faculty,
•Personal monitoring with the limited group,
•Special Mock Discussion & test-taking strategy Sessions,
•Previous year Topper sessions for tips.
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Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries has been ranked second biggest brand after Apple on the FutureBrand Index 2020. Samsung is ranked third, followed by Nvidia, Moutai, Nike, Microsoft, ASML, PayPal and Netflix.
FutureBrand is a global brand transformation company.
India has contributed $15.46 million to the India-UN Development Partnership Fund, underscoring the country's commitment to supporting developing nations in their developmental priorities across all the Sustainable Development Goals.
India's Permanent Representative to UN- T S Tirumurti.
India has extended Line of Credit worth $18 million to the Government of Maldives for the expansion of fishing facilities at MIFCO. It is part of the $800 million line of credit offered by India with repayment tenor of 20 years and a 5-year moratorium.
MIFCO- Maldives Industrial Fisheries Company.
Indian Railways has launched an Overhead Equipment (OHE) Inspection app which will help in minimizing the train delays & long waits due to technical snags. App has been rolled out on a Pan India basis. It has a feature of GPS based tracking of patrol man.
IR recorded 100% punctuality of trains for the 1st time in July.
The country's first Kisan Rail will start from August 7th. The train will transport material between Maharashtra's Devlali and Bihar's Danapur Railway station. The Kisan Rail will carry fruits and vegetables and will make stoppages at several stations.
With the launch, Railways aims to help double farmers’ income.
RBI launched ‘Innovation Hub’ for ideation & incubation of new capabilities that can be leveraged to deepen financial inclusion. The hub is being launched to promote the start-ups in the country. It will help in ideation and incubation of new capabilities.
Criteria of minimum net worth for Sandbox entities- Rs 25 lakh.
RBI has permitted banks to invest in debt instruments through mutual funds or exchange traded funds without allocating additional charges. This will result in substantial capital savings for banks & is expected to give a boost to the corporate bond market.
Debt instrument examples-Bond, Commercial Paper, CD, G-Secs.
MSME borrowers would be eligible for restructuring of debt if their accounts were classified standard. RBI Governor Shaktikanta Das also raised the Loan to value ratio against gold to 90% from current 75% to mitigate COVID 19 impact on households.
RBI was established on 1 April 1935, under the RBI Act, 1934.
The Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India, Liquidation Process, Third Amendment, Regulations, 2020. The Regulations require the committee of creditors to fix the fee payable to the liquidator.
IBBI Chairman- M. S. Sahoo, Headquarters- New Delhi.
RBI barred banks from opening current accounts for customers who have availed cash credit or overdraft facilities, with a view to improve credit discipline. Rather than opening a new current account, all transactions should be routed through these.
Minimum balance requirement for Current Account- Rs. 10,000.
Airtel Payments Bank’s Smart Plan Shop Package policy along with Bharti AXA General Insurance, provides financial protection in case of damage to assets inside the shop due to fire and allied perils, burglary, etc. Sum Insured: Rs 2 Lakhs- Rs 25 lakhs.
Airtel Payments Bank HQ- New Delhi, Bharti AXA HQ- Mumbai.
Uttarakhand along with UN Development Programme is all set to develop India’s 1st Snow Leopard Conservation Centre in Uttarkashi forests. The prime goals of setting up this centre is conservation, restoration of Himalayan ecosystems & creating livelihood.
Uttarakhand CM- Trivendra Singh Rawat.
Maharashtra has announced a partnership with Google for introducing digital education tools in schools. It will enable 2.3 crore students & teachers to access the Google’s blended learning programmes that combine classroom approach with online learning.
Maharashtra Chief Minister- Uddhav Thackeray.
National Film Development Corporation is organizing a first of its kind, online patriotic film festival. The festival is a part of Independence Day Celebrations by the Ministry of Information and Broadcasting. It will run till the 21st of August.
NFDC HQ- Mumbai, Formed on- 1975, MD- T.C.A Kalyani.
Karnataka launched the country's only ICMR-approved mobile RT-PCR lab in Bengaluru. The IISc, Bengaluru has developed what it calls MITR (Mobile Infection Testing and Reporting) lab, which is capable of conducting 9000 tests per month.
Lab can be utilized for molecular diagnostic testing.
August 7 was chosen as the National Handloom Day to commemorate the Swadeshi Movement which was launched on this day in 1905 in the Calcutta Town hall to protest against partition of Bengal by the British Government.
The 1st National Handloom Day was inaugurated on 7 August 2015.
Former Jammu & Kashmir Governor Girish Chandra Murmu (1985 batch IAS officer of Gujarat cadre) has been appointed the next Comptroller Auditor General. CAG audits all receipts and expenditure of the Government of India and the state governments.
GC Murmu will succeed Rajiv Mehrishi.