Daily News

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India to host CHG meeting of SCO on 29-30 November in New Delhi

India is scheduled to host the meeting of Council of Heads of Government (CHG) of SCO on 29-30 Nov 2020. This will be the 1st Prime Minister level meeting to be hosted by India since its elevation as a full member of the Shanghai Cooperation Organisation.

Did you Know

SCO HQ: Beijing, China.
Secretary-General: Vladimir Norov.

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India Post launches Five Star Villages Scheme to ensure 100% rural coverage of postal schemes

Department of Posts under Ministry of Communications launched Five Star Villages to ensure universal coverage of flagship postal schemes in rural areas of the country. It seeks to bridge gaps in public awareness and reach of postal products and services.

Did you Know

It will be implemented by a team of five Gramin Dak Sevaks.

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Mansukh Mandaviya launches ‘SAROD-Ports’

Union Minister of State for Shipping Mansukh Mandaviya launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes - Ports). SAROD-PORTS aims to resolve the disputes in a fair and just manner. SAROD-Ports consists of members from IPA and IPTTA.

Did you Know

SAROD-Ports is established under Societies Registration Act 1860

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5 Petroleum and Gas PSUs to join International Solar Alliance

Oil and Natural Gas Corporation Limited, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited and GAIL Limited to join ISA's Coalition for Sustainable Climate Action (ISA-CSCA) as Corporate Partners.

Did you Know

PSUs will be contributing to ISA's Corpus Fund.

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Hubballi railway station to be renamed after Shree Siddharoodha Swamiji

Hubballi railway station headquarters of South Western Railway is being changed for the second time in last 5 years. It was changed in 2015 from Hubli to Hubballi. It is being renamed after Shree Siddharoodha Swamiji who was a Hindu Guru and Philosopher.

Did you Know

Hubli (or Hubballi) is a city in Karnataka.

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Mastercard launches Central Bank Digital Currencies (CBDCs) testing platform

Mastercard announced a proprietary virtual testing environment for central banks to evaluate CBDC use cases. The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

Did you Know

CBDC is the digital form of a country’s fiat currency.

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Govt forms three-member expert panel to assist in assessment of relief to bank borrowers

Finance Ministry set up an expert committee to assess the impact of waiving interest payments on loans under moratorium and suggest measures to provide relief to borrowers. It will be headed by former CAG Rajiv Mehrishi. Panel to submit report in a week.

Did you Know

Other members of the committee: Ravindra H Dholakia & B. Sriram.

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Capital India Finance gets forex business licence from RBI

Capital India Finance Ltd (CIFL) received Authorised Dealer Category II licence from RBI for conducting forex business, the first listed NBFC in India to receive a licence. It is now authorised to build and do forex business under the brand name RapiMoney.

Did you Know

MD & CEO of Capital India Finance Ltd: Vineet Saxena.

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ICICI Bank launches dedicated offering for start-ups

ICICI Bank has launched iStartup 2.0, for start-ups with improved features. Under this, ICICI customers to get a current account in three variants that will offer additional services, salary accounts for employees, dedicated relationship manager, etc.,

Did you Know

ICICI Bank CEO: Sandeep Bakhshi.
HQ: Mumbai.

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ICICI Prudential Life signs corporate agency pact with NSDL Payments Bank

Private Life Insurer ICICI Prudential Life Insurance entered into a corporate agency agreement with NSDL Payments Bank, a subsidiary of NSDL. Under this, the insurer will provide its protection and savings products to customers of NSDL Payments Bank.

Did you Know

NSDL Payments Bank CEO: Ashutosh Singh.

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RIL becomes first Indian company to cross $200 billion in market valuation

The market valuation of Reliance Industries (RIL) hit another milestone by becoming the first Indian firm to cross $ 200 billion. Apple Inc is the world's most-valued company with a market value of $2 trillion followed by Saudi Aramco at $1.9 trillion.

Did you Know

In terms of oil & gas companies, RIL ranks 2ndafter Saudi Aramco

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India, Japan ink mutual military logistics agreement

India and Japan have inked a landmark agreement that will allow their militaries to access each other's bases for logistics support. The acquisition and cross-servicing pact was signed by Defence Secretary Ajay Kumar and Japanese Ambassador Suzuki Satoshi.

Did you Know

This comes at a time when India & China are engaged in face-off.

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Anil Jain is new AITA president, Dhupar secretary general, Rajpal treasurer

The All India Tennis Association (AITA) elected BJP Rajya Sabha member Anil Jain as its new President while Anil Dhupar was chosen as its Secretary-General. India’s Davis Cup Captain Rohit Rajpal was elected as the treasurer for a 4-year term till 2024.

Did you Know

AITA - Governing body of Tennis in India.
Founded in March 1920.

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Jane Fraser to Succeed Michael Corbat as First Woman CEO of Citigroup

Citigroup named Jane Fraser as its next chief executive tapping a woman to lead a giant Wall Street bank for the first time. Fraser, who has served as president and CEO of global consumer banking since 2019, will join the board of directors immediately.

Did you Know

Citigroup - American multinational investment bank.
HQ: New York

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Paresh Rawal appointed chairperson of National School of Drama

Bollywood veteran Paresh Rawal has been appointed Chairperson of the National School of Drama (NSD), the country’s premier institute for theatre students. Rawal replaces veteran theatre artist Amal Allana as the chairperson of the esteemed institution.

Did you Know

NSD – Theatre training institute under the Ministry of Culture.

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India is yet to take urgent action for eliminating trans fats: WHO report

According to Countdown to 2023 report by WHO 58 countries have introduced laws to protect 3.2 billion people from trans fats by the end of 2021. But more than 100 countries still need to take actions to remove these substances from their food supplies.

Did you Know

WHO has set a goal of eliminating trans fats by 2023.

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Diana Rigg, Avengers and Game of Thrones star, dies aged 82

Diana Rigg, the award-winning British actress who shot to fame in the 1960s television series The Avengers and won new fans in Game Of Thrones, passed away at the age of 82. She won Emmy, Tony and Bafta awards during her lengthy career.

Did you Know

She won the 1994 best actress Tony Award.

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National Forest Martyrs Day: September 11

Forest Martyrs Day is observed on September 11 every year to remember those who laid their lives for nature. On September 11, 1730 over 360 people of the Bishnoi tribe were killed because they had objected to felling of Khejri trees by the king of Jodhpur.

Did you Know

Minister of Environment: Prakash Javadekar.