Daily News

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G C Murmu, the Comptroller and Auditor General (CAG) of India has been elected as the Chairman of ASOSAI from 2024-2027.

The CAG, as the Chairman, will be the Chief Executive of Assembly of Asian Organization of Supreme Audit Institutions (ASOSAI) and represent ASOSAI in its dealings with national and international organizations. The 56th Governing Board of ASOSAI elected G C Murmu and approval was conveyed by the 15th Assembly of ASOSAI.

Did you Know

India is also going to host the 16th Assembly of ASOSAI in 2024.

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El Salvador Becomes First Country to Adopt Bitcoin as National Currency

El Salvador’s move to become the first country in the world to adopt bitcoin as legal tender got off to a bumpy start, as the government took its bitcoin e-wallet offline for several hours after tens of thousands of people tried to download the app, overloading servers.

The government is rolling out bitcoin ATMs, an e-wallet and stylish kiosks.

Did you Know

San Salvador is the capital city of El Salvador

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Asian Development Bank has approved a $150 million loan for a sustainable housing project for the urban poor in Tamil Nadu

Multilateral funding agency Asian Development Bank has approved a $150 million (about ₹1,095 crore) loan for a sustainable housing project for the urban poor in Tamil Nadu. The loan to provide access to inclusive, resilient, and sustainable housing for the urban poor in Tamil Nadu.

Did you Know

The headquarters of ADB is in Manila, Philippines.

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NPCI and Fiserv launch ‘nFiNi’ programme

The National Payments Corporation of India (NPCI) and Nasdaq-listed Fiserv Inc. entered into an understanding that will enable the launch of plug-and-play RuPay credit card stack, ‘nFiNi’.

This BaaS (banking-as-a-service) programme provides a ready stack of services required for fintechs and banks to issue RuPay credit cards.

Did you Know

Mr. Dilip Asbe is the MD & CEO of National Payments Corporation of India (NPCI).

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Harsha Bangari takes charge as Exim Bank chief

Harsha Bangari took charge as the Managing Director of Export-Import Bank of India (India Exim Bank).

The top position in the bank was vacant ever since David Rasquniha completed his three-year tenure as MD in May 2021.

Prior to her elevation as MD, Bangari was the Deputy Managing Director (DMD) of the bank, which is the national export credit agency.

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India to procure 56 transport aircraft for $2.6 billion from Airbus

The Cabinet Committee on Security approved the procurement of 56 C-295MW transport aircraft from Airbus Defence and Space S.A., Spain for the Indian Air Force (IAF).

The C-295MW aircraft is a transport aircraft of 5-10 tonne capacity with contemporary technology that will replace the ageing Avro aircraft of IAF.

The deal is estimated to be worth about $2.6 billion.

Did you Know

The Cabinet Committee on Security is headed by the Prime Minister.

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Iqbal Singh Lalpura, appointed chairman of National Commission for Minorities

Former IPS officer Iqbal Singh Lalpura has been appointed chairman of the National Commission for Minorities.

He hails from Punjab and has authored several books on Sikh philosophy.

He has also won several awards such as the president's police medal, police medal for meritorious services, Shiromani Sikh Sahitkar Award and Sikh scholar award.

Did you Know

Shri Mukhtar Abbas Naqvi is the Hon'ble Union Cabinet Minister for Minority Affairs.

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BBB recommends Atul Kumar Goel for PNB MD & CEO’s position

The Banks Board Bureau (BBB) has recommended the candidature of Atul Kumar Goel for the position of Managing Director and Chief Executive Officer (MD & CEO) in Punjab National Bank (PNB).

Currently, Goel is the MD & CEO of UCO Bank. He has been at the helm of the Kolkata-headquartered public sector bank since November 2018.

Did you Know

Shri Bhanu Pratap Sharma is the chairman of The Banks Board Bureau (BBB).

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Tamil Nadu announces 4,000 MW solar parks with 2,000 MW of battery storage projects

The state government has announced solar power parks across the state to generate 4,000MW of solar energy with battery storage system of 2,000MW in areas excluding corporations and municipalities. The government is also committed to install smart meters to make it easier for monitoring power consumption, and facilitate payments either post-paid or prepaid.

Did you Know

M. K. Stalin is the Chief Minister of Tamil Nadu.

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BoB launches revamped mobile banking app ‘bob World’

Bank of Baroda (BoB) has launched its revamped mobile banking application ‘bob World’ to provide all-inclusive virtual banking experience, encompassing all its digital banking services under one roof, for its customers.

BoB’s mobile banking application was earlier known as M-Connect Plus.

Did you Know

Bank of Baroda was nationalised in 1969

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South Indian Bank launches SIB-OneCard credit card

The Kerala-based lender South Indian Bank, in association with OneCard, launched the SIB – OneCard Credit Card.

The premium metal card, the SIB – OneCard has a unique app-based onboarding process, which is in line with the bank’s vision of digital transformation. The internationally valid credit card on the Visa Signature platform can be controlled through the OneCard App.

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Central Governmnet and ADB signs $300 million loan to scale up improvement of rural connectivity in Maharashtra

The central government and the Asian Development Bank signed a $300 million loan as additional financing to scale up improvement of rural connectivity to help boost rural economy in Maharashtra. The additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project will help improve an additional 1,100 rural roads and bridges in 34 districts.

Did you Know

Shri Bhagat Singh Koshyari is the Governor of Maharashtra.