Daily News

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NPCI launches international unit to expand reach of UPI

National Payments Corp. of India launched international unit, NPCI International Payments Ltd to expand real-time payment system Unified Payments Interface & card payment network RuPay in other countries. UPI & RuPay are already present in Singapore & UAE.

Did you Know

NIPL will be headed by Ritesh Shukla as Chief Executive Officer.

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Govt launches Swadeshi Microprocessor Challenge

Electronics Minister launched Swadeshi Microprocessor Challenge - Innovate Solutions for Atma-Nirbhar Bharat. IIT Madras and Centre for Development of Advance Computing developed two microprocessors named SHAKTI and VEGA resp using Open Source Architecture

Did you Know

Union Electronics and IT Minister: Ravi Shankar Prasad.

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UAE connects first Arab nuclear plant to power grid

UAE has announced that it connected its Barakah Nuclear Power Plant to the national grid in a first for the Arab world. The milestone follows the successful start-up of the plant’s first reactor to meet 25% of its electricity needs from nuclear power.

Did you Know

UAE is 3rd largest oil-producing in the OPEC.

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Mali President Ibrahim Boubacar Kita resigns amid military coup

Mali's President Ibrahim Boubacar Keita resigned hours after soldiers (National Committee for the Salvation of the People) seized him as part of a coup following months of mass protests against alleged corruption and worsening security in the country.

Did you Know

Mali Capital: Bamako.
Currency: West African CFA Franc.

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New Electronics Manufacturing Policy announced in UP

In a bid to support PM’s vision of achieving ZERO import of electronics goods, UP govt announced Electronics Manufacturing Policy 2020. The policy aims at inviting investment of Rs 40,000 Crore in next five years and generate four lakh direct employment.

Did you Know

The new policy will be valid for five years.

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MP govt to provide poor people Rs. one per kg wheat, rice, salt from Sept 1

Madhya Pradesh CM announced Re1 per kg wheat, rice & salt for as many as 37 lakh such poor people across the state not covered under the national food security scheme. Apart from this 5 kg per person free ration to be provided to poor families by November.

Did you Know

Madhya Pradesh Chief Minister: Shivraj Singh Chouhan.

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J&K govt publishes its work done under ‘Back to Village (B2V)' programme

In a first of its kind, government of Jammu & Kashmir published its work done under Back to Village (B2V) programme. All 1930 projects finished during the financial year 2019-20 have been showcased in an e-book recently released by the Finance department.

Did you Know

B2V is a public outreach programme that was launched in 2019.

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Tamil Nadu govt launches post COVID-19 follow up clinic in Chennai

The Tamil Nadu Health Department has launched the Post-COVID-19 Follow-Up Clinic in Rajiv Gandhi Government General Hospital (RGGGH), Chennai. It is exclusively for those who recovered from the viral infection and later suffer from other diseases.

Did you Know

Health Minister of Tamil Nadu: C. Vijaya Baskar.

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Yes Bank unveils ‘’loan against securities’

Yes Bank has introduced digital ‘Loan against Securities’, to enable customers to lien mark their mutual funds with KFin Technologies, digitally and avail quick loans. This feature has been introduced under the bank’s ‘Loan in Seconds’ platform.

Did you Know

Sreekanth Nadella – CEO of KFin Technologies.

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Tata Capital launches Swift Insta Personal loan via WhatsApp

Tata Capital, the financial services subsidiary of Tata Group launched of ‘Swift Insta Personal Loan’ (SIPL) on WhatsApp where existing customers can easily apply loans and receive sanctions for personal loans using the company’s chatbot TIA on WhatsApp.

Did you Know

Tata Capital CEO: Rajiv Sabharwal.
HQ: Mumbai.

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Kishor Rungta assumed charge as Chairman of Fertilisers Association of India

Kishor Rungta, C&MD, The FACT Ltd, assumed charge as Chairman of Fertilisers Association of India, Southern Region. It represents the fertiliser manufacturers, distributors, importers, equipment manufacturers, research institutes and suppliers of inputs.

Did you Know

FAI Head Office: New Delhi.
FAI Southern Region Office: Chennai.

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World Bank sees higher GDP fall in India than 3.2% it projected for FY21

In its report on India Development Update, 2020, World Bank said it was likely to project a steeper contraction in India’s economy than the 3.2 per cent it had forecast for the current financial year, given the rising number of Covid-19 cases & lockdowns.

Did you Know

The revised projections will be made available in October 2020.

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Reliance buys majority stake in online pharmacy Netmeds for $83 million

The oil-to-telecoms conglomerate Reliance Industries Ltd acquired a majority stake in online pharmacy Netmeds for about 6.2 billion rupees ($83.08 million) in cash, days after e-commerce giant Amazon.com Inc launched an online drug sales service in India.

Did you Know

Reliance Industries Limited CEO: Mukesh Ambani.
HQ: Mumbai.

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Hockey India to provide financial aid to 61 unemployed players

Hockey India (HI) announced financial assistance for 61 unemployed players, including 34 women amid the ongoing COVID-19 pandemic, to help them return to sporting activities. Under the initiative, each player will be provided with a sum of Rs 10,000.

Did you Know

Officiating President of HI: Gyanendro Ningombam.

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Former India goalkeeper Bhaskar Maity dies aged 67

Former India goalkeeper Bhaskar Maity died due to brain haemorrhage. He represented India against Iraq during the 1978 Asian Games in Bangkok. He played for Maharashtra from 1975 to 1979 in the Santosh Trophy. He was the coach of RCF Football team.

Did you Know

All India Football Federation President: Praful Patel.

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Home Ministry approves renaming of Manduadih railway station in UP as Banaras

Home Ministry approved the renaming of Manduadih railway station in UP as Banaras. Home Ministry gives its approval to any proposal for change of name of a place after taking no-objections from Ministry of Railways, Department of Posts and Survey of India.

Did you Know

The station is located in Varanasi District of Uttar Pradesh.

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India & UAE Co-chair 13th India-UAE JCM

The 13th Session of the India-UAE Joint Commission Meeting on Trade, Economic and Technical Cooperation was chaired by Subrahmanyam Jaishankar and Sheikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation of the UAE.

Did you Know

The UAE is one of India’s top sources of energy.

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Muthoot Finance, Kotak Mahindra General Insurance tie up to offer COVID-19 cover

Muthoot Finance has tied up with Kotak Mahindra General Insurance to offer COVID-19 insurance cover of up to ₹1 lakh against gold loan. Muthoot Finance Ayush Gold Loan of Muthoot Group through which they will provide complimentary COVID-19 insurance.

Did you Know

Muthoot Finance Managing Director: George Alexander Muthoot.

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DBS Bank India appoints Prashant Joshi as Managing Director and Head of National Distribution

DBS Bank India appointed Prashant Joshi as Managing Director & Head of National Distribution. He brings with him close to three decades of experience in banking sector across consumer, SME and corporate banking with leading banks and financial institutions

Did you Know

He will report to Surojit Shome, MD & CEO of DBS Bank India Ltd.