Daily News

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RBI gives nod to State Bank of India's HR subsidiary to manage costs efficiently

SBI has received the approval from the RBI for setting up an Operation Sup­port Subsidiary for supporting RUSU (rural and semi-urban) branches in outre­ach for agri & MSME loan activities, etc.

Sanjeev Naryani has been nominated director on the board of State Bank Operations Support Services Pvt Ltd, which will be engaged in supporting outreach activities at RUSU branches.

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RBI's move to bring credit information companies into ombudsman scheme expected to quicken redressals

In order to make the RB-IOS more broad-based, it has been decided to include Credit Information Companies (CICs) under the RB-IOS framework. This will provide a cost-free alternative redress mechanism for grievances against CICs.

The Banking Ombudsman Scheme (BOS) is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.

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India finished fourth with 61 medals in XXII Commonwealth Games

It has been a remarkable final day for the Indian contingent at the Commonwealth Games. It has won four gold medals, one silver and one bronze. With the final day heroics, India finished fourth in the medals tally with 61 medals comprising 22 gold, 16 silver and 23 bronze. PV Sindhu and Lakshya Sen clinched the women's and men's singles titles in badminton to give India

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India,US begin joint Special Forces exercise at Bakloh in Himachal Pradesh

The 13th Edition of the Indo-US Joint Special Forces exercise “Ex Vajra Prahar 2022” commenced at the Special Forces Training School at Bakloh of Himachal Pradesh. The Vajra Prahar series of joint exercise aims to share best practices and experiences in areas such as joint mission planning and operational tactics as also to improve interoperability between the Special Force

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The 12th edition was conducted at Joint Base Lewis Mcchord, Washington (USA) in October

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1.37 crore candidates benefited from Pradhan Mantri Kaushal Vikas Yojana

The government says one crore 36 lakh candidates have benefited from the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) since its inception till June this year. It said under the central component, the government released over 8,590 crore rupees, of which more than 7,877 crore were utilized.

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PMKVY Launch year: 2015

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Indian Army launches Him Drone-a-thon programme in collaboration with DFI

The Indian Army launched the Him Drone-a-thon programme today in collaboration with the Drone Federation of India. The initiative is in line with self-reliance in defence manufacturing. It is aimed at catalysing and providing focused opportunities to the Indian drone ecosystem to develop path-breaking drone capabilities for meeting the requirements of frontline troops.

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International Day of the World's Indigenous Peoples | 9 August

On 23 December 1994, the United Nations General Assembly decided that the International Day of the World’s Indigenous People shall be observed on 9 August every year. The date marks the day of the first meeting, in 1982, of the UN Working Group on Indigenous Populations. According to the latest data, there are about 370 to 500 million indigenous people in 90 countries.

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IRDAI Proposes To Cap General, Health Insurers' Expenses At 30% Of Revenue

India's insurance regulator has proposed a single limit of management expenses at 30% of the gross written premiums for general and health insurers in a given year across segments.

The segment-wise caps were introduced in an April 2016 notification.That allowed insurers to book expenses based on gross premium turnover for different segments such as fire, marine, motor, etc.

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Dalai Lama honoured with Ladakh’s highest civilian award

Tibetan spiritual leader Dalai Lama was honoured with the 'dPal rNgam Duston' award the highest civilian honour of Ladakh—for his immense contribution to humanity especially to UT. The sixth award was conferred by Ladakh Autonomous Hill Development Council Leh which celebrated the 'dPal rNgam Duston' with great fervour on the occasion of its foundation day of Sindhu Ghat.

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Prabath Jayasuriya and Emma Lamb are ICC players of the month for July

Sri Lankan spin sensation Prabath Jayasuriya and England’s emerging all-rounder Emma Lamb were voted ICC player of the month for July 2022.

Jayasuriya made his debut in the Test series against Australia and has picked up 29 wickets from three games with one four-wicket haul and as many as four five-wicket hauls.

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V Pranav becomes India's 75th chess Grandmaster

Chess prodigy V Pranav became India’s 75th Grandmaster by winning a tournament in Romania. The Chennai-based Pranav won the Limpedea Open in Baia Mare, Romania to secure his third and final GM norm and attain the Grandmaster title.

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Gustavo Petro sworn in as Columbia's new president

Colombia's first leftist president was sworn into office in August 2022. The 62-year-old former guerrilla and one-time mayor takes over from the deeply unpopular Ivan Duque, with plans for profound reforms in a country beset by economic inequality and drug violence.

Bogota is the largest city and the capital of Colombia.

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RBI Imposed 32 Lakh penalty on Indian Bank

The Reserve Bank of India on August 5 imposed a monetary penalty of Rs 32 l on state-run Indian Bank for non-compliance of norms related to classification of frauds. The regulator’s statutory inspection report revealed that the bank failed to comply with guidance related to fraud classification, to the extent it furnished flash report to RBI in certain instances with Delay

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Shri.Shanti Lal Jain- Managing Director & Chief Executive Officer of Indian Bank

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Sanjay Agarwal takes charge as ICRISAT assistant director general

Sanjay Agarwal took charge as the Assistant Director General of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT).

He is currently the Chair of the Government of India's Committee on Minimum Support Price.

He will be based in New Delhi.

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Director General of ICRISAT: Dr Jacqueline Hughes.

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ITU’s Regional Standardization Forum for Asia and Oceania begins in New Delhi

Communications Ministry will host the forum on the theme of ‘Regulatory and Policy aspects of Telecommunications’.The Regional Standardization Forum is a platform for constructive exchange of ideas, discussing standardization topics in various sectors of technology and the Role of ITU Standards, Harnessing Technologies for Digital and Financial Inclusion in various markets

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PM Modi chaired 7th Governing Council meeting of NITI Aayog

Prime Minister Narendra Modi chaired the seventh Governing Council meeting of Niti Aayog at Rashtrapati Bhawan Cultural Centre in New Delhi. The agenda of the Niti Aayog meeting includes achieving self-sufficiency in oilseeds and pulses and agri-communities, National Education Policy and crop diversification, including other things.

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Lok Sabha Passes Energy Conservation Amendment Bill 2022

The Lok Sabha has passed the Bill to amend the Energy Conservation Act, 2001, to reduce fossil fuel-based energy consumption and resultant carbon emissions to the atmosphere.

It empowers the central government to specify energy consumption standards and require designated consumers to meet a minimum share of energy consumption from non-fossil sources.

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Consumer Sentiments Improving, But Households Expect Spending To Increase, Shows RBI Survey

The Reserve Bank of India’s (RBI) latest consumer confidence for May has shown that consumer confidence has improved compared to last year, but households’ median inflation perception for the current period has increased by 0.4 percent at 10.1 compared to March 2022 figures of 9.7. In other words, consumers expect their spending to increase because of inflation.

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The survey was conducted between May 2 and 11.