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Samsung India, Axis Bank Launch Co-branded Credit Card powered by Visa;

Consumers can choose between two variants – Visa Signature and Visa Infinite. On the Signature variant, cardholders can avail up to INR 10000 cashback annually, with a monthly cashback limit of INR 2500. On the Infinite variant, cardholders can avail up to INR 20000 cashback annually, with a monthly cashback limit of INR 5000.

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Amitabh Chaudhry, MD and CEO, Axis Bank.

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Magnus Carlsen breaks 2900 barrier in Julius Baer Generation Cup win

GM Magnus Carlsen (Norway) won the Julius Baer Generation Cup, needing just two games vs. GM Arjun Erigaisi (India)

Carlsen’s performance makes him the first player to hit the historic 2900 Tour Rating mark and he has also reached $180,000 in earnings on the Tour. Rameshbabu Praggnanandhaa stands second with $106,500.

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S&P retains FY23 growth forecast at 7.3%; OECD at 6.9%

S&P Global Ratings retained India's economic growth projection at 7.3% in the current fiscal with downside risks and said inflation is likely to remain above the Reserve Bank of India's upper tolerance threshold of 6% till the end of 2022.

The Organisation for Economic Co-operation and Development (OECD) too stuck to its projection of 6.9% growth in India's GDP for FY23.

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OECD, Headquarters: Paris, France. ;
S&P Global Ratings HQs: New York, United States.

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Google's India policy head Archana Gulati resigns

Google's head of public policy for India has resigned just five months after taking the job, at a potentially critical time for the U.S. tech giant as it awaits the outcome of at least two antitrust cases in the country.

She was a long-time Indian government employee, having worked until March 2021 as a joint secretary for digital communications at NITI Aayog.

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Bandaru Wilsonbabu appointed Indian Ambassador to Madagascar

Bandaru Wilsonbabu, presently joint secretary in the ministry of external affairs, has been appointed as the next ambassador of India to the Republic of Madagascar.

Wilsonbabu, who has served as the joint Secretary in the Eurasia division, will be replacing ambassador Abhay Kumar.

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World Tourism Day | 27 September

The World Tourism Organisation (UNWTO) started the World Tourism Day in 1979. The celebrations for the same officially began in 1980. It is celebrated on 27 September every year because the date marks the anniversary of the adoption of the Statutes of UNWTO.The official celebration of the 42nd year event in 2022 is scheduled to be held in Bali, Indonesia.

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The theme for 2022 is 'Rethinking Tourism'

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Italy gets its first female PM as Giorgia Meloni claims victory

Giorgia Meloni, leader of the Brothers of Italy party won the Italian election, defeating Mario Draghi by a huge margin. By doing so, Giorgia has become Italy’s first female prime minister, and that too, of a right-wing government.According to media reports, the alliance claimed over 43% votes, which would translate to 114 seats in the Senate.

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Rural Development Ministry launches JALDOOT App in New Delhi

Rural Development Ministry has developed JALDOOT App to capture the water level of selected wells in a village across the country. The Jaldoot app will enable Gram Rojgar Sahayak to measure the water level of selected wells twice a year (pre-monsoon and post-monsoon). In every village, adequate number of measurement locations (2-3) shall need to be selected.

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INS Sunayna enters Port Victoria Seychelles to participate in annual training exercise Operation Southern Readiness

The INS Sunayna entered Port Victoria Seychelles to participate in the annual training exercise Operation Southern Readiness of Combined Maritime Forces. This marks the maiden participation of an Indian Navy ship in Combined Maritime Forces exercise. The joint training exercise is being attended by representative from India, the US, Italy, Australia, Canada, and New Zealand

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It also has ship participation from the UK and Spain.

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Govt commits Rs. 7,385 crore under Fund of Funds for Startup India Investment for 88 Alternative Investment Funds (AIFs)

Fund of Funds for Startups, launched under Startup India initiative in 2016 by the Prime Minister, Shri Narendra Modi has committed Rs. 7,385 crore to 88 Alternative Investment Funds as of 24th September 2022. These AIFs in turn have invested Rs. 11,206 crore in 720 startups. FFS has been playing a monumental role in mobilizing domestic capital in Indian startup ecosystem.

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FFS was announced with a corpus of Rs. 10,000 crore.

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Kerala wins award for being one of the best performing States for AB-PMJAY

Union Health Minister awarded the Ayushman Utkrishtata Puraskaar (Ayushman Excellence Awards) 2022 to felicitate the Top Performing State/UT (Andhra Pradesh), Top Performing District (Parvathipuram Manyam, Andhra Pradesh), Top Performing Government Facility (District Hospital Dharwad, Karnataka).

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RINL bags prestigious National Energy Leader Award for the fourth time consecutively

RINL has been awarded National Energy Leader Award for the fourth time consecutively and the Excellent Energy Efficient Unit Award for the sixth time in a row from 2017 onwards from the Confederation of Indian Industry Godrej Green Business Centre. It is a rare achievement in any Integrated Steel Plant and PSU to win National Energy Leader Award Continuously for four years.

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Sri. Atul Bhatt: CMD, RINL.

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Mahindra Logistics acquires B2B express business of Rivigo

Mahindra Logistics announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space. Mahindra Logistics Ltd (MLL) will acquire the express business through a business transfer agreement (BTA), including the customers, team and assets of Rivigo's B2B express business.

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Uttar Pradesh tops GeM chart with GMV of more than Rs 24,000 crore

The Uttar Pradesh government has emerged as the top buyer on the Government e-Marketplace portal with a gross merchandise value (GMV) of more than Rs 24,000 crore. The central government’s GeM portal, launched by Prime Minister Narendra Modi in August 2016, is an end-to-end e-marketplace, where commonly used goods and services are procured by the government agencies.

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Vinayak Godse to take over as new CEO of Data Security Council of India on Oct 1

Premier industry body Data Security Council of India (DSCI), setup by NASSCOM, promoted its senior vice president Vinayak Godse and appointed him as the new CEO on September 7. Godse will be taking over from Rama Vedashree who led DSCI for more than 6 years.

The decision was taken by a selection committee of the DSCI Board chaired by former DSCI chairman Dr N Balakrishnan.

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Indian-origin minister Suella Braverman wins first Queen Elizabeth II award

Britain’s Indian-origin Home Secretary Suella Braverman has been named winner of the first-ever Queen Elizabeth II Woman of the Year award at a ceremony in London. The 42-year-old barrister, who was appointed to the Cabinet earlier this month by British Prime Minister Liz Truss.

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India achieves significant landmarks in reduction of Child Mortality

As per the Sample Registration System (SRS) Statistical Report 2020 released on 22nd September 2022 by Registrar General of India (RGI), the country has been witnessing a progressive reduction in IMR, U5MR and NMR since 2014 towards achieving the SDG's.

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