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.
UAV stands for Unmanned Aerial Vehicle.
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.
Government of India to provide $ 1.89 billion.
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.
Madhya Pradesh CM: Shivraj Singh Chouhan.
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.
RBL Bank CEO: Vishwavir Ahuja.
HQ: Mumbai.
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.
Kotak Mahindra Bank HQ: Mumbai.
CEO: Uday Kotak.
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.
S Sundar - interim MD & CEO of LVB.
HQ: Chennai.
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.
Fino Pay Tech HQ: Mumbai.
CEO: Rishi Gupta.
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.
Minimum net-worth of Rs 300 crore to be maintained at all times
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.
Malik was the Governor of J&K when Article 370 was revoked.
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.
ADB President: Masatsugu Asakawa.
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).
India was followed by Pakistan with 2.3 mn job losses.
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.
India’s rank in terms of e-infrastructure was 79.
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.
SBM Private Wealth is the retail banking arm of SBM Bank India.
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
Flipkart CEO: Kalyan Krishnamurthy.
HQ: Bengaluru.
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.
A campaign, #RealLifeHeroes was launched.
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.
In 2010, World Photo Day hosted the first global online gallery.
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.
Byju’s (Rs 201 cr), Unacademy (Rs 170 cr) came 2nd & 3rd resp.
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.
The scores obtained will be valid for three years.
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.
It levied a penalty of ₹ 5 – ₹15 for non-maintenance of balance.
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.
ARIIA was released by Vice President Venkaiah Naidu.
The Conference assumes greater significance in the backdrop of recent events on our northern borders, coupled with the unprecedented challenges posed by COVID-19 and would provide the higher naval leadership a forum to discuss conduct of operations, etc.,
Rajnath Singh to address the inaugural session of the conference