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Axis Bank’s Neelkanth Mishra appointed part-time chairperson of UIDAI

The Unique Identification Authority of India (UIDAI), the nodal body in charge of issuing Aadhaar numbers, has appointed Neelkanth Mishra as its part-time chairperson. Mishra is the Chief Economist and Head of Global Research at Axis Bank Ltd.

The UIDAI board consists of a chairperson, two part-time members, and the CEO, who also serves as the member-secretary.

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Amit Agrawal- Chief Executive Officer of the Unique Identification Authority of India.

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Justice Prakash Shrivastava appointed Chairperson of National Green Tribunal

Former Chief Justice of the Calcutta High Court, Justice Prakash Shrivastava is the new Chairman of the National Green Tribunal (NGT). The Cabinet Appointments Committee of the Central Government approved the appointment of Justice Prakash Srivastava as the Chairman of the NGT.

NGT was set up under the National Green Tribunal Act in 2010.

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1st FOC between India and Samoa held in Apia

The 1st Foreign Office Consultations (FOC) between India and Samoa was held in Apia,

Both sides discussed their wide-ranging bilateral relations including their development partnership covering areas such as health, Information and Communications Technology ICT, Education, Small and Medium Sized Enterprises SME, and capacity building.

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RBI imposes monetary penalty on Shree Co-operative Bank Limited, Vadodara (Gujarat)

The Reserve Bank of India imposed a monetary penalty of ₹50,000/- on Shree Co-operative Bank Limited, Vadodara, Gujarat.

This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

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G20 Pandemic Fund approves 25 million dollar grant for strengthening Animal Health System in India

The G20 Pandemic Fund has approved a 25 million dollar proposal of the Department of Animal Husbandry and Dairying for strengthening the Animal Health System of India.

Established under Indonesia’s G20 Presidency, the Pandemic Fund finances critical investments to strengthen pandemic prevention, preparedness, and response capacities at national, regional,and global levels.

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It mainly focuses on low- and middle-income countries.

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27th edition of multilateral naval exercise Malabar 2023 concludes in Sydney, Australia

The 27th edition of the multilateral naval exercise Malabar 2023 has concluded in Sydney, Australia.

The exercise saw the participation of Ships, Submarines, and aircraft from the Indian Navy, Australian Navy, Japan Maritime Self-Defence Force, and the US Navy.

Indian Navy was represented by Destroyers INS Kolkata, Frigate INS Sahyadri,and P8I Maritime Patrol aircraft.

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Union Minister Nitin Gadkari launches Bharat NCAP safety test program

The union minister for Road, Transport and Highways, Nitin Gadkari, launched India's much awaited crash test rating assessment programme, called Bharat NCAP.

Bharat New Car Assessment Programme (Bharat NCAP) is being launched to improve road safety and raise safety standards for vehicles up to 3.5 tonnes.

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This makes India only the 5th country in the world to have its own crash test programme.

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NHPC signs pact with RITES to construct railway siding for 2,880 MW Dibang project

State-owned hydro power giant NHPC Limited has inked an initial pact with RITES Limited to construct railway siding for a 2,880 MW Dibang multipurpose project in Arunachal Pradesh.

NHPC's total installed capacity is 7,097.2 MW of renewable power (including wind and solar) through its 25 power stations, including 1,520 MW through its subsidiary.

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Canara Bank launches UPI Interoperable Digital Rupee mobile application

Canara Bank has launched UPI Interoperable Digital Rupee mobile application as a part of the Reserve Bank of India's Central Bank Digital Currency (CBDC) pilot project.

Canara Bank is the first Bank among public and private sector banks to introduce this feature in Bank’s CBDC mobile app called 'Canara Digital Rupee app'.

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India's banking system liquidity slips into deficit first time in FY24

India's banking system liquidity has slipped into deficit for the first time this financial year to 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data.

It is due to the Reserve Bank of India's temporary liquidity withdrawal move and tax outflows. Liquidity surplus had hit a high of 2.8 trillion rupees at the start of this month (August).

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L&T wins 'significant' order to build Australia's largest urea plant

Diversified group L&T on has secured a "significant" order from Perdaman Chemicals & Fertilisers to build a 2.3 million tonne urea plant in Australia.

On completion, this facility will be the largest urea plant in Australia and one of the largest in the world.

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Centre to set up Rs 12,000-cr inland waterway on Brahmani river in Odisha

The Centre is preparing a Rs 12,000-crore inland waterway on the Brahmani river in Odisha to move goods from four key industrial clusters to the ports of Paradip and Dhamra.

Under the proposed plan, the inland waterway will be developed on the engineering, procurement, and construction (EPC) model in which the total project funding is made by the government.

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PFC inks $1.28 mn loan pact with JBIC for waste-to-energy project in Karnataka

State-owned Power Finance Corporation (PFC) has signed a loan agreement with Japan Bank for International Cooperation (JBIC) for JPY 1.85 billion or $1.28 million for a waste-to-energy project in Karnataka.

The loan proceeds would be used to finance the 11.5 MW for waste-to-energy project of KPC Gas Power Corporation Ltd, a wholly owned subsidiary of KPCL, at Bidadi.

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Reserve Bank nudges banks to settle UAE trades in rupee, dirham

India's central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee (INR) to reduce U.S.-dollar-based transactions.

The move is part of the Reserve Bank of India's broader aim of promoting settlement in local currencies with countries with which India has a trade deficit.

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