Daily News

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Supreme Court Appoints Former Judge L Nageswara Rao For Amending Indian Olympic Association's (IOC) Constitution

In a case challenging the order of the Delhi High Court directing handing over of affairs of Indian Olympic Association to a Committee of Administrators (CoA), the Supreme Court, on appointed its former Judge L. Nageswara Rao, to take over the process of amending the sports body's constitution, preparing its electoral rolls; and conducting elections to its executive body.

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IOC session due to take place in Mumbai in May, 2023 is postponed to Sep-Oct, 2023.

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RBI directs Mahindra Finance to stop outsourcing its recovery activity through agents

The Reserve Bank of India (RBI) barred Mahindra & Mahindra Financial Services from carrying out recovery or repossession activity through third-party until further notice. However, the company is allowed to carry out the activity through its own employees. RBI's ban comes after certain material supervisory concerns observed in the company.

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Mahindra Group's CEO and MD Anish Shah.

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RBI cancels Laxmi Co-operative Bank licence, depositors can claim up to Rs 5 lakh

The Reserve Bank of India (RBI) terminated the licence of Maharashtra based Laxmi Co-operative Bank, citing inadequate capital and earning prospects.

On liquidation, every depositor will be entitled to a deposit insurance claim amount of up to a monetary ceiling of Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC), RBI said.

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International Day of Sign Languages | 23 September

International Day of Sign Languages is celebrated on 23 September every year with a new theme every year. Sign language is a common language that is quite different from spoken languages. It was on 19 December 2017 when United Nations General Assembly declared 23 September as the International Day of Sign Languages.

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India bags UN award for its initiative to control, prevent hypertension under National Health Mission

In a significant achievement and recognition to country’s efforts against hypertension, India has won a UN award for its initiative to control and prevent hypertension under the government's National Health Mission. The India Hypertension Control Initiative which is a large-scale hypertension intervention under National Health Mission, has been recognized for the award,

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PM Modi addresses National Conference of Environment Ministers says, New India emerging fast as leader in sustainable solutions

Prime Minister Narendra Modi addressed the National Conference of Environment Ministers of all states in Gujarat. He said, from International Solar Alliance to LiFE movement, India is leading the charge. Mr. Modi said, New India is progressing with a new approach and new thinking.

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Indian, US Coast Guards hold joint drill 'Abhyas'

Coast Guards from India and America conducted joint exercise Abhyas off the coast of the southern Indian city of Chennai.Joint exercise 'Abhyas-01/22' marked the culmination of the four-day goodwill visit of the US Coast Guard ship Midgett to Chennai.The focus of the exercise was to familiarise the personnel of Coast Guards of both the nations with each other's capabilities

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Skill India partners with Samsung to upskill youth in future technologies

The Electronics Sector Skill Council of India (ESSCI) signed a memorandum of understanding (MoU) with Samsung India, for a skilling initiative that aims to empower the youth with industry relevant skills in emerging technologies such as Artificial Intelligence, Internet of Things, Big Data and Coding & Programming, in a bid to enhance their employability.

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Rajeev Chandrasekhar-Minister of State, Skill Development and Entrepreneurship

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Navy buys 'enhanced range' BrahMos missiles for Rs 1,700 crore

Providing impetus to “Aatmanirbharta” (self-reliance) in defence production, the Ministry of Defence (MoD) signed a contract with the Indo-Russian joint venture (JV) – BrahMos Aerospace Private Limited (BAPL) – for buying the latest version of the BrahMos missile for its newest warships.

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UCO Bank becomes first lender to get RBI's approval for rupee trade

Public sector lender UCO Bank has received the Reserve Bank of India’s (RBI’s) approval to open a special vostro account with Gazprombank of Russia for trade settlement in Indian rupees. The Kolkata-based lender is the first bank to receive regulator’s approval following the RBI’s decision to allow Indian banks to settle trade in Indian currency.

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Soma Sankara Prasad- UCO Bank MD & CEO

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Gujarat gets over Rs 2.8K-crore loan from World Bank for health care

The World Bank has approved a USD 350 million (over Rs 2,832 crore) loan to Gujarat for spending towards public healthcare services, focussed specially on adolescent girls and disease surveillance.The loan will be utilised through the state government's Systems Reform Endeavours For Transformed Health Achievement In Gujarat (SRESTHA-G) Programme.

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REITs, InvITs with net worth of Rs 100 cr or higher can issue CPs

The capital markets regulator SEBI approved the issuance of commercial papers by emerging investment vehicles, Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT). Reserve Bank’s directions on Commercial Paper said that InvITs and REITs with a net worth of at least Rs100 crore are eligible to issue commercial paper.

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CP can be issued in denominations of Rs. 5 lakh or multiples the

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Federal Bank ties up with BBPS for utility bill payment services for NRIs

Federal Bank has tied up with Bharat Bill Payment System (BBPS) to facilitate Utility Bill Payment services for Non-resident Indian Diaspora. This arrangement enables overseas remittance partners (exchange houses and banks) to pay Indian utility bills of over 20,000 billers in more than 20 categories in a cost effective and convenient option

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ICICI Prudential Mutual Fund launches first Auto Index Fund

ICICI Prudential Mutual Fund has launched the industry’s first auto index fund, the ICICI Prudential Nifty Auto Index Fund. The fund will track the Nifty Auto Index which has been designed to reflect the performance of the automobiles sector. The index comprises 15 listed companies and represents auto-related sectors such as auto ancillaries and tyres too.

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The index is composed using the free float market capitalization method

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Union Minister Jitendra Singh to lead Indian Ministerial delegation to take part in Global Clean Energy Action Forum

Union minister Jitendra Singh lead an Indian delegation at Global Clean Energy Action Forum this week at Pittsburg in the US. The coveted joint convening of the Clean Energy Ministerial (CEM13) and Mission Innovation (MI-7) took place from 21st to 23rd September at Pittsburg, Pennsylvania, United States of America.

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