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SIDBI to provide project-specific loan to Assam govt for upgrading MSME clusters

Project-specific moderately priced loan assistance under the SIDBI Cluster Development Fund (SCDF) shall be extended by SIDBI to the state government for upgrading various existing MSME clusters and for developing new industrial infrastructural facilities in Assam.

Assam presented its expectations on start-ups, cluster development, and livelihood and enterprise promotion.

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SIDBI Chairman and Managing Director Sivasubramanian Ramann.

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SBI’s Amit Saxena joins RBI Innovation Hub as CTO

Amit Saxena, Global Deputy CTO of State Bank of India joined RBI Innovation Hub as the Chief Technology Officer (CTO).

On Aug 6, 2020, the Reserve Bank announced that it would set up Reserve Bank Innovation Hub (RBIH) to promote innovation across the financial sector by leveraging on technology and creating an environment that would facilitate and foster innovation.

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Rajesh Bansal CEO of RBI Innovation Hub.

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Centre clears Rs 26,000 cr PLI scheme to push manufacturing in auto, drone industries

Union cabinet led by Prime Minister Narendra Modi cleared a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industries to ensure higher manufacturing output.

The new PLI scheme will now incentivize the emergence of advanced automotive technologies’ global supply chain in India.

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Union I&B minister, Anurag Thakur.

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PM Modi inaugurates new Defence Ministry office complexes in Delhi

The two new offices are ready for use at the Kasturba Gandhi Marg in central Delhi and the Africa Avenue road near Chanakyapuri in the national capital. The offices have been built for relocating civilian and military officers whose offices need to be reconstructed due to the construction of the central vista complex coming up in the heart of the centre of power.

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UNDP, HDFC and Greater Noida Authority ink pact to set up dry waste management facility

The United Nations Development Programme (UNDP), HDFC Bank and the Greater Noida Industrial Development Authority (GNIDA) on inked a pact to set up a facility to manage up to 300 metric tonnes of dry waste in the city every month.

The material recovery facility (MRF) in Greater Noida will come up at a cost of Rs 3 crore and will be funded by the HDFC bank.

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International Day for the Preservation of the Ozone Layer 2021: September 16

September 16 has been designated as the International Day for the Preservation of Ozone Layer by the UNO.The ozone layer is a fragile shield of gas protecting the Earth from the harmful portion of the Sun rays. This helps in preserving the life on this planet. It focuses to highlight on slowing climate change & helping to boost energy efficiency in the cooling sector.

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Theme for World Ozone Day 2021:Montreal Protocol - keeping us, our food & vaccines cool

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PM Modi lays foundation stone of Raja Mahendra Pratap Singh Varsity in Aligarh, Uttar Pradesh

Prime Minister Narendra Modi laid the foundation stone of Raja Mahendra Pratap Singh State University in Aligarh.The university is being established by the Uttar Pradesh government in the memory and honour of Raja Mahendra Pratap Singh, the great freedom fighter, educationist and social reformer. It is being set up in a total area of over 92 acres.

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Location:- Lodha village and Musepur Kareem Jarouli village of Aligarh's Kol tehsil.

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Senior Rajya Sabha MP and former Union minister Oscar Fernandes no more

Senior Rajya Sabha member and former Union minister, a Congress veteran leader Oscar Fernandes took his last breath at Yenepoya hospital in Mangaluru.Oscar Fernandes is reported to be treated for a head injury he suffered in July.

A five-term Lok Sabha MP from Udupi parliamentary constituency in Karnataka.

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He also served as Parliamentary Secretary to late former Prime Minister Rajiv Gandhi.

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J-K LG launches digital banking mission 'One Gram Panchayat-One DIGI-Pay Sakhi'

In order to promote door-to-door digital banking and financial services in remote areas of Jammu and Kashmir, Lieutenant Governor Manoj Sinha launched 'One Gram Panchayat-One DIGI-Pay Sakhi' in the union territory.

The mission was launched at Jammu & Kashmir Entrepreneurship Development Institute, Pampore.

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Initially, the DIGI-Pay facility will be provided in 2,000 remote villages of the UT.

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Centre unveils SVAMITVA dashboard to monitor implementation of land records digitization

Union Minister for Panchayati Raj and Rural Development Giriraj Singh inaugurated a national meet on SVAMITVA Scheme: A Stepping-Stone Towards Upliftment of Rural Economy in New Delhi. SVAMITA is aimed to provide an integrated property validation solution for rural India leveraging property as a financial asset by the citizens with accurate land records for rural planning.

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States to complete the implementation of SVAMITVA scheme well before the deadline 2024

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RBI imposes monetary penalty on Jila Sahakari Kendriya Bank

The Reserve Bank of India (RBl) imposed a monetary penalty of Rs 1 lakh on Jila Sahakari Kendriya Bank Maryadit of Madhya Pradesh for violation of directions issued by the central bank on Know Your Customer (KYC).This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction of the bank.

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Former RBI deputy governor N. S. Vishwanathan joins EY India as an advisor

Advisory firm, EY India has appointed NS Vishwanathan, former deputy governor of Reserve Bank of India (RBI) as an advisor in their financial services practice. EY also appointed Nandkumar Saravade, former founding CEO of Reserve Bank Information Technology as an advisor. Vishwanathan has over four decades of experience with wide-ranging exposure in core central banking.

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Ujjivan Financial Services names Sanjeev Barnwal as new CEO

Ujjivan Financial Services Ltd has named Sanjeev Barnwal as the new Chief Executive Officer.

This development has been initiated after its former head Carol Furtado joined as the officer on special duty at Ujjivan Small Finance Bank.

This appointment is effective from 10 September 2021 as per Section 203 of the Companies Act, 2013

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Reserve Bank penalises Spice Money, Kuppam Co-op Town Bank

The Reserve Bank has imposed a penalty of Rs. 2.44 lakh on Spice Money Limited for contravention of certain norms. Spice Money is one of the largest Rural Fintech Companies in India.

The RBI also imposed a fine of Rs 5 lakh on The Kuppam Co-operative Town Bank, Kuppam, Chittoor district (Andhra Pradesh) for deficiencies in regulatory compliance.

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Agriculture Ministry signs MoU with Cisco, Jio, ITC, NeML and Ninjacart to build farmers’ database

Modernisation of the Agriculture sector will continue by infusing new technologies so that farmers can increase their income. Agriculture Minister Narendra Singh Tomar stated this at the MOU signing ceremony at KrishiBhavan. MOUs were signed for pilot projects with CISCO, Ninjacart, Jio Platforms Limited, ITC Limited and NCDEX e-Markets Limited (NeML).

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Former SC judge Indu Malhotra appointed DDCA Ombudsman cum Ethics Officer

Former Supreme Court judge, Justice (Retired) Indu Malhotra will be the new Ombudsman cum Ethics Officer of Delhi and Districts Cricket Association (DDCA).

In 2007, Malhotra was designated senior advocate by the Supreme Court and she became only the second woman to be designated by the apex court after a gap of three decades.

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The DDCA, headed by its president Rohan Jaitley.