Daily News

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Railways to deploy ‘Ninja UAVs’ for surveillance

Indian Railways is deploying Ninja UAVs for establishing a drone-based surveillance system in a bid to intensify its security mechanism across its network. NINJA UAVs are lightweight and economical micro contraptions built for mapping and surveillance.

Did you Know

UAV stands for Unmanned Aerial Vehicle.

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ADB approves $1 billion loan for construction of Delhi-Meerut RRTS

Asian Development Bank approved a $1 billion loan to support construction of the modern, high-speed Delhi–Meerut Regional Rapid Transit System. It will be implemented in four tranches between August 2020 and May 2025. Total project cost: $3.94 billion.

Did you Know

Government of India to provide $ 1.89 billion.

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All state govt jobs reserved for state residents in MP

Madhya Pradesh Government decided to provide government jobs only to the residents of the state & necessary legal provisions to be made. The government to also devise a mechanism to ensure employment to youths on the basis of their 10th & 12th mark sheets.

Did you Know

Madhya Pradesh CM: Shivraj Singh Chouhan.

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RBL Bank onboards Accenture for digital transformation journey

Mumbai based RBL Bank has signed on information technology (IT) services and consultancy firm Accenture for its digital transformation initiatives. Accenture will help RBL bank to upgrade its IT systems to improve operational efficiency.

Did you Know

RBL Bank CEO: Vishwavir Ahuja.
HQ: Mumbai.

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Kotak Mahindra Bank goes live with CRMNEXT

Kotak Mahindra Bank has implemented CRMNEXT to enable the bank to deliver end-to-end digital and paperless journeys to serve customers. This new unified digital platform enhances digital capabilities to sell and services customers across any touchpoint.

Did you Know

Kotak Mahindra Bank HQ: Mumbai.
CEO: Uday Kotak.

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Lakshmi Vilas Bank launches instant account opening facility

Lakshmi Vilas Bank launched LVB DigiGo, a digital initiative to enable opening of savings account instantly to help people to avail the most required banking services through website. It can be converted to a fully-featured account, upon visiting a branch.

Did you Know

S Sundar - interim MD & CEO of LVB.
HQ: Chennai.

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Fino Payments Bank unveils digital savings account

Fino Payments Bank has launched Jan BachatKhata (JBK), an Aadhaar Authentication-based digital savings account bringing neo-banking experience for customers. The primary segment would be low-income household families and beneficiaries of government’s DBT.

Did you Know

Fino Pay Tech HQ: Mumbai.
CEO: Rishi Gupta.

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RBI unveils framework for umbrella entity to manage payment systems

RBI unveiled the framework to set up a pan-India umbrella entity with a minimum capital of Rs 500 crore, which will set up, manage and operate new payment systems in the retail payment space & invited applications from eligible companies by Feb 26, 2021.

Did you Know

Minimum net-worth of Rs 300 crore to be maintained at all times

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Satya Pal Malik appointed Meghalaya Governor

Satya Pal Malik was transferred as Governor of Meghalaya, replacing Tathagata Roy who completed his five-year tenure. Governor of Maharashtra Bhagat Singh Koshyari has been asked to discharge the functions of Goa governor in addition to his own duties.

Did you Know

Malik was the Governor of J&K when Article 370 was revoked.

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Ashok Lavasa resigns as Election Commissioner; to join ADB as Vice-President

Lavasa who was expected to take over the poll body from Sunil Arora next year resigned and would be soon joining the Philippines based Asian Development Bank as its Vice-President. He has worked as Secretary in the Union Finance Ministry.

Did you Know

ADB President: Masatsugu Asakawa.

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6.1 million youth may lose jobs in India due to Covid-19: ADB-ILO report

According to a report published by Asian Development Bank and International Labour Organisation, as many as 6.1 million young people (15-24 years) may lose jobs in India in 2020 if the containment of the virus takes six months (roughly till September).

Did you Know

India was followed by Pakistan with 2.3 mn job losses.

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India ranks among lowest in terms of Internet quality: Report

Digital Quality of Life Index 2020 was released by a VPN provider Surf Shark based in the British Virgin Islands. It researches on the quality of digital wellbeing in 85 countries. India occupied 57th place. Denmark, Sweden & Canada topped the list.

Did you Know

India’s rank in terms of e-infrastructure was 79.

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Bharti AXA Life partners with SBM Bank India for insurance distribution

Bharti AXA Life Insurance announced its bancassurance partnership with SBM Bank India. Under this agreement, the insurer will offer its life insurance products, including protection, health, savings and investment plans, to customers of SBM Private Wealth.

Did you Know

SBM Private Wealth is the retail banking arm of SBM Bank India.

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Flipkart signs MoU with IIT-Patna

e-commerce giant Flipkart signed an MoU with IIT-Patna to help create industry-focused applied research in the areas of Artificial Intelligence (AI), Natural Language Processing (NLP) and Machine Learning (ML) and help build critical national capabilities

Did you Know

Flipkart CEO: Kalyan Krishnamurthy.
HQ: Bengaluru.

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World Humanitarian Day: 19 August

World Humanitarian Day was established by the UN General Assembly to commemorate the death of Sergio Vieira de Mello and 21 of his fellow humanitarians in a bombing of the Baghdad headquarters of the UN. In 2009, UN formalised this day as Humanitarian Day.

Did you Know

A campaign, #RealLifeHeroes was launched.

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World Photography Day: 19 August

World Photography Day is an annual worldwide celebration of the science, history, art and craft of photography. It was in 1837 when the first-ever photographic process, the Daguerreotype was developed. the first durable colour photograph was taken in 1861.

Did you Know

In 2010, World Photo Day hosted the first global online gallery.

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Dream11 is ready for next level with IPL winning bid

Fantasy gaming platform Dream11 on Tuesday won the IPL title sponsorship rights with a bid of Rs 222 crore, replacing Chinese mobile phone company Vivo for a four and a half month deal. Dream11 has been one of the IPL sponsors for a couple of years now.

Did you Know

Byju’s (Rs 201 cr), Unacademy (Rs 170 cr) came 2nd & 3rd resp.

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National Recruitment Agency gets Cabinet's nod. Common Eligibility Test for govt jobs, PSBs

Union Cabinet approved a proposal to set up National Recruitment Agency that will conduct Common Eligibility Test (CET) for selection to non-gazetted posts in the central government and public sector banks. It aims to benefit job seeking youth in India.

Did you Know

The scores obtained will be valid for three years.

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SBI waives off SMS charges for all savings accounts

SBI has waived off SMS charges in addition to its penalty waiver on non-maintenance of minimum balance for all its Savings Accounts. SBI has over 44 crore savings accounts. It is applicable to all Savings Account with cheque or Internet Banking facilities.

Did you Know

It levied a penalty of ₹ 5 – ₹15 for non-maintenance of balance.

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IIT Madras retains number-one position in list of top innovative educational institutes in India

In the Atal Ranking of Institutions on Innovation Achievements (ARIIA), Indian Institute of Technology (IIT) Madras has retained its number-one position in the list of top innovative educational institutes in India for the second consecutive year.

Did you Know

ARIIA was released by Vice President Venkaiah Naidu.