Daily News

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RBI removes ban on Diners Club International while restriction on Mastercard, American Express continues

The Reserve Bank of India (RBI) has lifted a ban on payment system operator Diners Club International, which means the card company can now onboard new clients. In India, Diners Club has partnered with HDFC Bank.

On 2021 April 23, the central bank had banned the US-based company from onboarding new domestic customers onto its card network for violating data storage norms.

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Mitrabha Guha becomes India's 72nd Grand Master

Kolkata-based player Mitrabha Guha has become India's 72nd chess Grand Master by bagging his third and final GM norm during a tournament in Serbia.

Mitrabha, a resident of Tollygunge in Calcutta, now has 2511 Elo points but he wants to reach the 2650 mark.

Mitrabha had scored his second GM norm at the Sheikh Russel GM tournament in Bangladesh.

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Fourth submarine of Project- 75 Yard 11878 delivered to Indian Navy

The fourth submarine of the Project – 75, Yard 11878 was delivered to the Indian Navy.

Project – 75 includes the construction of six submarines of Scorpene design.

These submarines are being constructed at Mazagon Dock Shipbuilders Limited (MDL) Mumbai, under collaboration with M/s Naval Group, France.

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Dr Jitendra inaugurates Biotechnology Centre for Northeast tribals

Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh has inaugurated a new Biotechnology Centre for Northeast tribals in remote area of Arunachal Pradesh at Kimin.

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Centre aims:- Conservation of the local bio-resources using biotechnological tools.

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Verstappen wins in the 2021 Mexico Grand Prix

Red Bull's Max Verstappen celebrated a dominant win in the Mexico City Grand Prix to surge 19 points clear of Lewis Hamilton in the Formula One championship with four races remaining.

7-times world champion Hamilton was second for Mercedes, holding off Red Bull's Sergio Perez who became the 1st Mexican to stand on his home podium at a jubilant Autodromo Hermanos Rodriguez.

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RBI puts restrictions on Babaji Date Mahila Sahakari Bank, imposes Rs 5,000 withdrawal limit

RBI has imposed strict restrictions on business activities on Maharashtra-based Babaji Date Mahila Sahakari Bank including imposing a withdrawal limit of Rs 5,000 for depositors.

This is the latest instance of the central bank clamping down on a co-operative bank.

From the close of business on Nov 8, 2021, the bank cannot issue new loans or accept fresh deposits.

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National Education Day: November 11

Every year since 2008, India has celebrated the National Education Day on November 11 to commemorate the birth anniversary of the man of many talents — Maulana Abul Kalam Azad, the first Union Education Minister of India.

In September of 2008, Indian Ministry of Education) declared the birth anniversary of Abul Kalam Azad as the National Education Day.

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Aadhar Housing Finance, UCO Bank enter into co-lending partnership

Aadhar Housing Finance and UCO Bank have entered into a co-lending agreement to offer home loans at competitive interest rates.

The partnership aims at providing easy and convenient home finance solutions to customers from the economically weaker sections of society.The co-lending framework of the Reserve Bank of India provides a tool for banks and non-banks to collaborate.

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UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata.

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MoS Muraleedharan co-chairs third India-Senegal Joint Commission Meeting

Minister of State for External Affairs and Parliamentary Affairs Shri. V. Muraleedharan paid an official visit to the Republic of Senegal to co-chair the third India-Senegal Joint Commission Meeting (JCM).Both sides discussed all the areas of mutual interest including trade and commerce, investments, health, energy, agriculture, railways, defence & security, education, etc.

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President of senegal: Macky Sall

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UP CM inaugurates "Hunar Haat", the "Kumbh of Kaushal Kuber", "Braj Raj Utsav

The Union Ministry of Minority Affairs organised the 31st Hunar Haat the Kumbh of Kaushal Kuber and Braj Raj Utsav at Vrindavan (Mathura, UP) to provide a platform to the country’s talented craftsmen, artisans and culinary experts.

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Cabinet gives nod to restore MPLADS

The Union Cabinet has approved restoration of the Member of Parliament Local Area Development Scheme (MPLADS) for the remaining part of the current financial year till 2025-26, which will have a total financial implication of ₹17,417.00 crore.

Under the scheme, each MP will get ₹2 crore in one instalment for development activities for the remainder of 2021-22.

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Annually ₹5 crore, in two instalments of ₹2.5 crore each.

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CESL inks MoU with Marriott International to develop EV charging units

State-owned Convergence Energy Services Ltd (CESL) has signed an agreement with Marriott International to develop electric vehicle charging units and related infrastructure.

CESL will be entrusted with planning and implementation of the project including all costs and performance of all tasks required for procurement, installation, operation& maintenance of charging units.

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Tata Motors signs five-year MoU with Equitas SFB; to bring financial solutions for SCV customers

Tata Motors has signed a 5 year Memorandum of Understanding with Equitas SFB, one of the country’s largest small finance banks, to bring a set of attractive financial solutions to its customers.

With benefits applicable across the Tata Motors small commercial vehicle (SCV) range, this tie-up will aim to facilitate seamless availability of financing for aspiring buyers.

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NASA pushes back time frame for human moon mission to 2025

NASA is extending its target date for sending astronauts back to the moon to 2025 at the earliest.

Trump's administration had set the aggressive goal of returning humans to the lunar surface by 2024, an initiative named Artemis intended as a stepping stone toward the even-more-ambitious objective of sending astronauts to Mars.

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National Aeronautics and Space Administration (NASA) is an independent agency of the USA.

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Tejas LCA and IAF’s Sarang and Suryakiran aerobatic teams to participate for the first time at the Dubai Air Show

The Indian Air Force’s (IAF’s) Suryakiran aerobatic team and Tejas, India’s indigenously designed and manufactured Light Combat Aircraft (LCA), have landed in Dubai to showcase their aerial manoeuvres for the first time at the prestigious Dubai Air Show. The biennial Dubai Air Show is scheduled to be held at the Al Maktoum International Airport from November 14 to 18.

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