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RBI Expert Committee suggests setting up of Umbrella Organisation and 4-tier structure to regulate UCBs

The RBI committee under the chairmanship of N S Vishwanathan, former RBI Deputy Governor. said that urban cooperative banks (UCBs) can be split into four categories -- Tier-1 with deposits up to Rs 100 crore; Tier-2 with deposits between Rs 100-Rs 1,000 crore, Tier-3 with deposits between Rs 1,000 crore to Rs 10,000 and Tier-4 with deposits of over Rs 10,000 crore.

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The number of borrowers of UCBs is estimated at 67 lakh.

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CCI imposes Rs 200 crore penalty on Maruti for restricting discounts by dealers

The Competition Commission of India (CCI) passed a final order against Maruti Suzuki India Limited(MSIL) for indulging in anti-competitive conduct of Resale Price Maintenance (RPM) in the passenger vehicle segment by way of implementing Discount Control Policy vis-à-vis dealers, and accordingly, imposed a penalty of ₹200 crore upon MSIL, besides passing a cease-desist order

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IOCL Executive Director Arvind Kumar appointed as MD of Chennai Petroleum Corporation

Executive Director of Indian Oil Corporation Ltd (IOCL), Arvind Kumar, has been appointed as Managing Director of Chennai Petroleum Corporation Limited (CPCL).

Kumar has been appointed for a period of five years with effect from the date of his assumption of charge of the post or till the date of his superannuation, or until further orders, whichever is the earliest.

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TN govt forms 7-member panel for study of hydrocarbon projects

The Tamil Nadu government has constituted a seven-member committee to study the exploration of hydrocarbon projects which will be headed by Sultan Ahmed Ismail, part-time member, State Development Policy Council.

The committee constituted will have freedom to conduct the study in areas other than the protected agricultural zone as the terms of reference have been revised.

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IIT Delhi researchers develop modified cotton fabric which absorbs air pollutants

Researchers at the Indian Institute of Technology Delhi have developed a modified cotton fabric capable of adsorbing harmful air pollutants.

ZIF-8@CM Cotton and ZIF-67@CM Cotton, as they are called, are Zeolite Imidazolate Framework (ZIF)-modified functionalized fabrics which adsorb high levels of organic air pollutants like benzene,aniline, and styrene from the ambient air

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Sri Basava International Award for seer of Bhalki Hiremath

Karnataka government has selected Sri Basavalinga Pattaddevaru, senior seer of Bhalki Hiremath, for the prestigious Sri Basava International Award.

Minister for Kannada and Culture V. Sunil Kumar will present the award at Ravindra Kalakshetra in Bengaluru.

The septuagenarian seer has spent over five decades in the Lingayat religious institution in Bidar district.

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DIAL signs MoU with Medanta to set up COVID-19 care centre for Delhi airport employees

The Delhi International Airport Limited (DIAL) has signed a memorandum of understanding with Medanta hospital to set up a COVID-19 care centre at the Delhi airport for its employees and their family members.

The Covid Care Centre, which is being established at the airport in anticipation of "the third wave of the COVID-19 pandemic", is expected to be operational by Sept.

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Honda Cars partners with Canara Bank to offer finance options to customers

Honda Cars India Ltd (HCIL) has joined hands with Canara Bank to offer retail finance schemes to customers.

The partnership facilitates HCIL customers to avail easy financing options and hassle free car loans from Canara Bank for purchase of models like Amaze, City, Jazz and WR-V.

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India’s ‘highest’ herbal park opens in Uttarakhand at a height of 11000 ft

India just got its first ‘highest’ herbal park at Mana in Uttarakhand’s Chamoli district. The park, situated at a height of 11000 ft, was inaugurated at Mana Village, which is situated close to the Indo-China border.

According to Chief Conservator of Forests Sanjiv Chaturvedi, the park will help conserve various medicinally and culturally important alpine species.

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British comedian Sean Lock dies of cancer at 58

Comedian Sean Lock died of cancer at the age of 58. Sean was one of Britain’s finest comedians, his boundless creativity, lightning wit and the absurdist brilliance of his work, marked him out as a unique voice in British comedy.

In the year 2000, Sean Lock had won the gong at the British Comedy Awards for the best live stand-up performance.

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‘BADLAAV Humse Hai’: AU Bank unveils mega Brand Campaign and launches AU 0101, its Digital Bank & Credit Card

AU Small Finance Bank, India’s Largest SFB has unveiled a mega Brand Campaign, aptly titled ‘BADLAAV Humse Hai’.

This is the first integrated marketing communication campaign from AU Bank since its inception – a creative endeavor that will showcase the bank’s passion for innovation.

Aamir Khan and Kiara Advani roped in as Brand Ambassador.

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First SFB to launch its own Credit card.
Sanjay Agarwal, MD & CEO : AU Small Finance Bank

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Social Justice And Empowerment Minister Flags Off ‘Operation Blue Freedom’ To Create A World Record At Siachen Glacier

On the occasion of 75th Independence Day, Union Minister for Social Justice and Empowerment Dr. Virendra Kumar unfurled the national flag at Dr. Ambedkar International Centre, New Delhi.

It is an expedition by the people with disabilities from across India to the world's highest battlefield – Siachen Glacier.

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WHO panel to study Covid virus, high-threat pathogens

The World Health Organisation (WHO) has set up a high-level scientific group inviting experts from across the world to join it and study the origins of Sars-CoV2, besides other high-threat pathogens.

The WHO Scientific Advisory Group for the Origins of Novel Pathogens (SAGO) will meet to finalise the way forward.

The SAGO will advise the WHO on the development of the globe.

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Princepal Singh becomes first Indian to be part of NBA championship roster

Young cager Princepal Singh etched his name in the record books when he became the first Indian to be part of an NBA title-winning team.

Princepal is part of the Sacramento Kings which clinched the 2021 NBA Summer League crown.

The 6-foot-9 forward made history by being the first Indian to be part of a championship roster at any level of the NBA.

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News Broadcasters Association renamed News Broadcasters & Digital Association

The News Broadcasters Association (NBA), a private association of different current affairs and news television broadcasters in India, has decided to change its name to News Broadcasters & Digital Association (NBDA).

The NBA Board has decided to change the name of the body to NBDA in order to reflect the addition of digital media news broadcasters as its members.

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Government to sell up to 25% stake in NSC via IPO

Given the growth budget that was unveiled by the government authorities for implementing growth measures in the economically battered country, the government has started acquiring funds for the same.

The government has started the disinvestment process of National Seeds Corporation. The talks are being conducted for selling up to 25% stake in the National Seeds Corporation.

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