Daily News

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SBI launches improved version YONO app

State Bank of India (SBI) released its improved digital banking software, ‘YONO for Every Indian,’ as well as Interoperable Cardless Cash Withdrawal (ICCW) services.

According to SBI, YONO has over 6 crore registered users. In FY23, YONO was used to obtain 64 per cent of all savings accounts, or 78.60 lakh accounts.

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Justice Sheo Kumar Singh appointed Acting Chairperson of NGT

The Central government notified the appointment of Justice Sheo Kumar Singh as Acting Chairperson of the National Green Tribunal (NGT) till a new Chairperson is appointed.

The appointment was made in light of the retirement of Justice Adarsh Kumar Goel as Chairperson.

He was appointed as Judicial Member of the NGT on March 11, 2020.

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Notification was issued by Ministry of Environment, Forest & Climate Change (MoEF&CC).

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Gov. of India and Govt. of Kenya will be co-hosting ‘India-Africa International Millet Conference’ in Kenya on August 2023

To celebrate the International Year of Millets, Ministry of Agriculture and Famers Welfare, Government of India and the Ministry of Agriculture and Livestock Development, Government of Kenya will be co-hosting the ‘India-Africa International Millet Conference’ in Kenya with support of International Crops Research Institute for the Semi-Arid Tropics (ICRISAT).

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Indian Navy and US Navy Conduct Seventh Edition of SALVEX Exercise in Kochi

The Seventh edition of Indian Navy – US Navy (IN – USN) Salvage and Explosive Ordnance Disposal (EOD) exercise, SALVEX was conducted from 26 Jun – 06 Jul 23 at Kochi. IN and USN have been participating in joint Salvage and EOD exercises since 2005. India's INS Nireekshak and United States USNS Salvor participated in this exercise.

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MoU for setting up of campus of IIT Madras in Zanzibar - First ever IIT campus to be set up outside India

The Memorandum of Understanding (MoU) for setting up of campus of IIT Madras in Zanzibar- Tanzania was signed between the Ministry of Education (MoE), Govt. of India, IIT Madras and Ministry of Education and Vocational Training (MoEVT) Zanzibar- Tanzania. This is the first ever IIT campus to be set up outside India.

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India and Singapore signed a protocol document to extend MoU to co-operate on public administration till 2028

The Department of Administrative Reforms and Public Grievances, Ministry of Personnel, Public Grievances and Pensions, Government of India and The Public Service Division, of the Republic of Singapore signed a Protocol Document on 6th July, 2023, extending for five years the current MoU on Cooperation in the field of Personnel Management and Public Administration till 2028.

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The 67th convention of Travel Agents Association of India kick-starts in Colombo

The 67th convention of the Travel Agents Association of India (TAAI) has kick-started in Colombo. The convention aims to promote regional tourism and strengthen bilateral relations between India and Sri Lanka. With the theme "Transcending Borders, Transforming Lives," the event positions Sri Lanka as a preferred destination for Indian outbound travellers.

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Fintech giant PhonePe launches Point-of-Sale (POS) solution for merchant partners

PhonePe announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them with a simple and seamless settlement experience.

The device comes preloaded with the PhonePe POS App and supports transactions through tap/swipe/dip and interoperable QR codes.

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IBA sets up 5-member group to implement RBI committee’s recommendations on ARCs

The Indian Banks’ Association (IBA) has constituted a five-member working group for implementing the recommendations of the Reserve Bank of India’s committee on the “working of the Asset Reconstruction Companies (ARCs)”. In light of the committee’s recommendations aimed at enabling ARCs to fulfill the increasing demand of the financial sector.

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RBI appoints P. Vasudevan as new executive director

The Reserve Bank of India (RBI) Thursday appointed P. Vasudevan as executive director. His appointment is effective from July 03, 2023. He will look after Department of Currency Management, Corporate Strategy and Budget Department (Areas other than that of Budget & Funds) and Enforcement Department.

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Karnataka Bank opens technology and business hub in Bengaluru

Karnataka Bank opened a state-of-the-art ‘Technology & Digital Hub’ at Artisane RPS Tech Centre, J.P. Nagar in Bengaluru on July 5. The aim is to consolidate all its tech and digital operations under one roof. The hub is expected to spearhead development and innovation as well as execution.

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Govind Kottis Satish becomes 1st Indian to be appointed on Russian oil giant Rosneft's board

Rosneft, the Russian energy giant, has made a significant move towards enhancing trade ties with India by appointing a former Indian Oil Corporation (IOC) director to its board. GK Satish, who retired as IOC's director for business development in 2021, is one of 3 new members joining Rosneft's 11-member board of directors.

Igor I Sechin, CEO & chairman of Rosneft's board.

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Indian tri-services contingent leaves for French Bastille Day Parade

The tri-services contingent of the Indian armed forces left for France on 6 July for the Bastille Day parade. The Fete Nationale Francaise is celebrated on 15 July, the National Day in France. Bastille Day is celebrated as the anniversary of Storming of the Bastille in 1789 during the French Revolution. Prime Minister Narendra Modi has been invited as the guest of honour.

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NHAI signs pact with power producer THDCIL for technical services

THDC India Limited (THDCIL) has signed a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI) to provide technical services as the technical consultant. Under this agreement, State-owned power producer THDCIL will provide technical services to NHAI.

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New Age Banking: PNB launches its virtual branch in the Metaverse

Public Sector Bank (PSB) Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers who can now explore the bank's products and services.

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Indian Oil & Praj Industries Limited to form JV for building biofuels production capacities

Indian Oil Corporation (IOC) and Praj Industries Limited have signed a term sheet to advance plans to strengthen biofuels production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others.

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Indian Oil is a Maharatna CPSE

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J&K launches India’s first chatbot for people in mental distress

India’s first Tele-MANAS chatbot, which will start an instant conversation with people in distress, was launched in J&K. This year Kashmir saw the highest number of distress calls to the Tele-Manas centre.The initiative will ensure the availability of health counsellors, clinical psychologists and consultants round-the-clock.

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