Current affairs updates for July 19th , 2017 – General Awareness GK for IBPS, SBI, SSC Exams

1. SBI launches web portal for home buyers

SBI launched website for buying your dream house

 

The country’s largest commercial bank, State Bank of India, has launched “SBI Realty”, a dedicated portal for home buyers called .
The portal, which lists several real estate projects and homes, can be accessed at www.sbirealty.in and aims to improve operational ease by allowing users to calculate appropriate loan amount to be borrowed, based on their choice of residence, income, and credit profiles.

2. Don’t need to pay toll anymore

Now you don’t have to pay toll anymore if you wait for 3+ mins!

 

A crucial information to our daily lives was revealed by Advocate Hariom Jindal who filed an RTI application seeking nitty-gritty on tolls.
The RTI revealed that people travelling on roads where tolls are collected could pass free of cost if they wait in queues for more than three minutes.
Reportedly, the total waiting time for any vehicle at toll plaza cannot exceed three minutes.

3. Mumbai’s buildings to now get Aadhaar-like UIDs

With UIDs, Mumbai’s buildings now easier to locate.

 

Mumbai’s buildings is going to get Aadhaar-like identity numbers! The BMC has started the process of issuing unique identification (UID) numbers to the city’s structures.
Stickers mentioning the 15-digit UID will be pasted on the entrance and notice-board. 27 lakh buildings registered in property tax records will be issued such stickers.
The aim is to ease identification of establishments for provision of government services.

4. Trump, Putin had second undisclosed meeting at G20 summit

U.S. President Donald Trump had a second undisclosed meeting with Russian President Vladimir Putin on the sidelines of G20 summit in Germany.

 

According to media reports, U.S. President Donald Trump had a second undisclosed meeting with Russian President Vladimir Putin on the sidelines of G20 summit in Germany early this month.
The concert and dinner were publicly announced on both the President’s schedule and the G20 schedule, with the clear understanding that all visiting leaders would be present. President Trump spoke with many leaders during the course of the evening.

5. Govt aims to connect 1.5 lakh gram panchayats via optical fibre by mid-2018

2.5 lakh gram panchayatsto be connected with ‘BharatNet’

 

The Union Minister for Electronics & IT and Law & Justice, Ravi Shankar Prasad has said that.Around 1.5 lakh gram panchayats will be connected via optical fibre under the national optical fibre network programme of the Centre by mid-2018,
Out Of the targeted 2.5 lakh gram panchayats which is to be connected under this programme, called as ‘BharatNet’, around one lakh has already been connected.

6. Facebook hires former Uber PR chief Rachel Whetstone

Facebook has hired Ms. Whetstone to oversee communications for Instagram and WhatsApp, which are both owned by Facebook.

 

Facebook has hired Uber’s former top public relations executive as vice-president of communications for its multiple platforms like Instagram, WhatsApp and Messenger.
Ms. Whetstone left Uber earlier this year amid a number of public relations crises after a former employee’s accusation of sexual harassment stirred a major controversy, surrounding claims of rampant sexism and discrimination within the company.
She served as Howard’s political secretary and was a major player in Conservative politics when the party was up against Tony Blair’s Labour government.

7. Ailing Anilda wins women’s 400m

The Rio Olympian Anilda won women’s 400m at the 57th National senior inter-State athletics championships.

 

The Rio Olympian Anilda, was vomiting a few minutes before the start of 400m final at the 57th National senior inter-State athletics championships here on Tuesday evening.
Still, that did not stop the 24-year-old from winning comfortably and walking into the Indian mile relay team for the upcoming London Worlds. “The last few days were terrible. I had a running stomach and I was vomiting a lot too. I was completely drained,” said Anilda who has completed the race in 53.20s.

8. NEET students to beware of fraudsters

The agents are promising admission for Rs. 10 lakh- Rs 1.25 crore.

 

With NEET counseling nearing, touts have begun flooding the market with messages claiming that they could get a ‘back door entry’ for students to medical colleges without the counseling.
Seeking anything between Rs. 10 lakh- Rs 1.25 crore, the agents are promising admission.
The Medical Council has warned students that anyone who is caught paying for the MBBS/BDS seat will be losing thier candidature.

9. “You cannot donate blood”: NACO to LGBTQ

LGBTQ community classified as High Risk Group and they are not allowed to donate blood.

 

According to National Aids Control Organization, LGBTQ community including lesbian, gay, bisexual, and transgender fall under the category of ‘High Risk Group’ and hence they aren’t allowed to donate blood.
This shocking revelation was made public, following an RTI query filed by activist Chetan Kothari on April 26.
The RTI was received by NACO’s Blood Safety Division on June 22 and was replied to on June 30.

10. India’s GDP may reach $8 trillion

Panagariya believes that India’s GDP may take 15 years to get to it.

 

NITI Aayog Vice-Chairman Arvind Panagariya believes that in the next 15 years, India’s gross domestic product (GDP) has the potential to reach $8 trillion, provided India keeps registering an 8% economic growth annually.
By doing so, it will also come very close to entirely eliminating poverty.
In the next 15 years, Indian citizens would be able to enjoy western standards of living.

 

Indian Paintings types | Cave Painting, Miniature Painting, Indian Paintings IAS UPSC lesson

Indian Paintings

The tradition of painting has been carried on in the Indian subcontinent since the ancient times.

Standing as a testimony to this fact are the beautiful paintings of Ajanta and Ellora, Buddhist palm leaf manuscripts, Mughal and Kangra schools of miniature Indian paintings, etc.

Infact, records have been found that indicate the usage of paintings for decorating the doorways, guest rooms, etc. Some traditional Indian paintings, like those of Ajanta, Bagh and Sittanvasal, depict a love for nature and its forces.

Cave Painting

Cave paintings of India date back to the prehistoric times.

The finest examples of these paintings comprise of the paintings of Ajanta, Ellora, Bagh, Sittanavasal, etc, which reflect an emphasis on naturalism.

Ancient cave paintings of India serve as a window to our ancestors, who used to inhabit these caves.

Madhubani Painting

Madhubani painting originated in a small village, known as Maithili, of the Bihar state of India.

Initially, the womenfolk of the village drew the paintings on the walls of their home, as an illustration of their thoughts, hopes and dreams.

With time, the paintings started becoming a part of festivities and special events, like marriage.

Slowly and gradually, the Madhubani painting of India crossed the traditional boundaries and started reaching specialists of art, both at the national as well as the international level.

Miniature Painting

Miniatures paintings are beautiful handmade paintings, which are quite colorful but small in size.

The highlight of these paintings is the complex and delicate brushwork, which lends them a unique identity.

The colors are handmade, from minerals, vegetables, precious stones, indigo, conch shells, pure gold and silver.

The most common theme of the Miniature painting of India comprises of the Ragas i.e., the musical codes of Indian classical music.

Mughal Painting

Mughal painting reflects an exclusive combination of Indian, Persian and Islamic styles.

As the name suggests, these paintings evolved as well as developed during the rule of Mughal Emperors in India, between 16th century and 19th century.

The Mughal paintings of India revolved around themes, like battles, court scenes, receptions, legendary stories, hunting scenes, wildlife, portraits, etc.

The Victoria and Albert Museums of London house a large and impressive collection of Mughal paintings.

Mysore Painting

Mysore Painting is a form of classical South Indian painting, which evolved in the Mysore city of Karnataka. During that time, Mysore was under the reign of the Wodeyars and it was under their patronage that this school of painting reached its zenith.

Quite similar to the Tanjore Paintings, Mysore Paintings of India make use of thinner gold leaves and require much more hard work. The most popular themes of these paintings include Hindu Gods and Goddesses and scenes from Hindu mythology. The grace, beauty and complexity of Indian Mysore Paintings leave the onlookers mesmerized.

Pahari Painting

Pahari painting is the name given to Rajput paintings, made in the in the Himachal Pradesh and Jammu & Kashmir states of India.

These painting developed as well as flourished during the period of 17th to 19th century. Indian Pahadi paintings have been done mostly in miniature forms.

Rajput Painting

Rajput painting originated in the royal states of Rajasthan, somewhere around the late 16th and early 17th century.

The Mughals ruled almost all the princely states of Rajasthan at that time and because of this; most of the schools of Rajput Painting in India reflect strong Mughal influence. Each of the Rajput kingdoms evolved a distinctive style.

However, similarities and common features can still be found in the paintings of different territories.

Tanjore Painting

Tanjore Painting is one of the most popular forms of classical South Indian painting. It is the native art form of Thanjavur (also known as Tanjore) city of Tamil Nadu. The dense composition, surface richness and vibrant colors of Indian Thanjavur Paintings distinguish them from the other types of paintings.

Then, there are additions of semi-precious stones, pearls and glass pieces that further add to their appeal. The relief work gives them a three dimensional effect. Tanjore Painting of India originated during the 16th century, under the reign of the Cholas.

Banking Awareness and Financial affairs updates for May 04th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. Chinese-led AIIB loans $160 mn for Indian power project

Indian government’s 24×7 Power for All programme

 

The China-backed Asian Infrastructure Investment Bank (AIIB) will give a loan of $160 million for a power project in India where 300 million people have no access to electricity yet.
The project, co-financed with the World Bank, is part of the Indian government’s 24×7 Power for All programme and will strengthen the power transmission and distribution system in Andhra Pradesh.
The bank expects the Andhra Pradesh-24×7 Power for All project to be the first of many that AIIB invests in India

2. ADB pegs India’s growth at 7.4% for 2017-18

It will help create a more business-friendly environment.

 

According to the Asian Development Bank (ADB), the Indian economy will grow 7.4 per cent this fiscal and 7.6 per cent in the next as the bankruptcy and GST laws will help create a more business-friendly environment.

3. $ 770 bn black money entered India in 2005-2014: Report

Illicit Financial Flows to and from Developing Countries

 

US-based think tank Global Financial Integrity (GFI) reported that an estimated $ 770 billion in black money entered India during 2005-2014.
Titled Illicit Financial Flows to and from Developing Countries: 2005-2014, the report is the first global study to place equal emphasis on illicit outflows and inflows.

4. Centre sanctions Rs 200 crore for J&K primary teachers

Human Resource Development Minister Prakash Javadekar

 

Union Human Resource Development Minister Prakash Javadekar has announced that the Centre has sanctioned Rs 200 crore for paying pending salaries of primary teachers in Jammu and Kashmir.

5. Cabinet approves MoU on urea manufacturing plant in Malaysia

ex-post facto approval to signing of MoU with Malaysia on development of a urea and ammonia manufacturing plant

 

The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its ex-post facto approval to signing of MoU with Malaysia on development of a urea and ammonia manufacturing plant in the southeast Asian country.

6. Reliance, SAP launch ‘SARAL GST’ solution for taxpayers

MoU with enterprise application software

 

Reliance Corporate IT Park (RCITPL) has signed a Memorandum of Understanding (MoU) with enterprise application software major SAP SE to launch ‘SARAL GST solution for taxpayers.
According to the subsidiary of Reliance Industries, the new offering will enable taxpayers to be GST compliant and smoothly access the government’s GST System, once GST is rolled out from July 1, 2017

7. Shabana Azmi starrer The Black Prince awarded at film fest in Houston

50th annual Worldfest-Houston International Film Festival.

 

Hollywood film The Black Prince, featuring singer-poet Satinder Sartaaj and veteran actress Shabana Azmi, has been awarded the Special Jury Remi Award at the 50th annual Worldfest-Houston International Film Festival.

 

Banking Awareness and Financial affairs updates for May 03rd, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. India expected to achieve 7.1% growth this year

Economic and Social Commission for Asia and the Pacific or ESCAP

 

The UN Economic and Social Commission for Asia and the Pacific or ESCAP has launched its annual flagship report ‘The Economic and Social Survey of Asia and the Pacific 2017’
According to the report, India is expected to achieve 7.1 % growth this year as re-monetisation restores consumption, and infrastructure spending increases.

2. Space X successfully lands its Falcon 9 rocket after launching military satellite

It’s the first mission that Space X has done for the US military.

 

Space X has successfully landed it is Falcon 9 rocket on solid ground again, after launching the vehicle from Cape Canaveral, Florida. It’s the fourth time Space X has landed one of its rocket on land, and the 11th time the company has successfully recovered a rocket post – launch. It’s the first mission that Space X has done for the US military.

3. Modi releases stamp on Ramanujacharya’s 1,000th birth anniversary

Saint Ramanujacharya and said the central message

 

Prime Minister Narendra Modi on 1st May released a commemorative stamp on the 1,000th birth anniversary of Saint Ramanujacharya and said the central message of his life was inclusive society and religion.

4. India’s first ever transgender sports meet in Kerala a runaway hit

130 athletes belonging to the third sex participated

 

Kerala hosted India’s first ever athletic meet for transgenders in Thiruvananthapuram on Friday. (Twitter)
It had all the sound and fury of a mega sports event. Kerala on Friday successfully organised a sports meet for transgenders, the first of its sort in the country.
At least 130 athletes belonging to the third sex participated in the event that was well appreciated by a good crowd of onlookers at the central stadium at the heart of the state capital.

5. Dubai becomes the first city in the world to get its own Microsoft font

100 million users of Microsoft Office 365 around the world

 

Dubai has become the first city in the world to get its own Microsoft font. The font, now available to more than 100 million users of Microsoft Office 365 around the world, is the first font to be created by a city and named after it.
The font, available in three styles as ‘Dubai’, ‘Dubai Medium’ and ‘Dubai Light’, can be in italics, underlined and bold.

6. Sunil Chhetri bags ‘Hero of the League’ award

Bengaluru FC captain Sunil Chhetri

 

Bengaluru FC captain Sunil Chhetri, who smashed seven goals in the recently-concluded edition of the I-League, has clinched the most coveted ‘Hero of the League’ award.

7. Soumyajit Ghosh wins singles & doubles gold at Chile Open

ITTF World Tour tournament.

 

Ghosh became the third Indian to win a men’s singles title at an ITTF Challenge Series or ITTF World Tour tournament.
He defeated compatriot Anthony Amalraj in the men’s singles final to clinch the title. Also he combined with Amalraj earlier to win the men’s doubles title.

8.Bharti Enterprises appointed Soumen Ghosh as MD – Financial Services

Ghosh was heading the Financial Services business

 

Bharti Enterprises, one of India’s leading business groups, has appointed Soumen (Sam) Ghosh as Managing Director of Financial Services.
Prior to joining Bharti, Ghosh was heading the Financial Services business at Reliance Capital as Executive Director and Group Chief Executive Officer.

IBPS Reserve List for CWE VI Clerk, PO, SO Notification Released

IBPS has released the Provisionally allotted & Reserve list for IBPS CWE VI. Also, you can check the IBPS List of provisional allotment candidates under IBPS CWE V for the posts of Clerk, Probationary Officer (PO) and Specialist Officer (SO). Those candidates whose name appears in reserve list will be informed for Pre-Recruitment formalities through registered phone number or email id. You can view the Provisionally Allotted list for IBPS PO & Clerk 2016 from the link below:

Click Here – IBPS CWE VI Provisionally Allotted list

Click Here

– IBPS CWE VI Provisionally Allotted list

 

 

 

Banking Awareness and Financial affairs updates for April 27-28th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. SAP launches solution to help SMEs

‘GST in a box’

 

Enterprise application software maker SAP launched a solution for SMEs to help them become compliant with the Goods and Services Tax (GST).
SAP has launched ‘GST in a box’, an all-inclusive solution portfolio designed to help SMEs.
SAP has committed to provide businesses with the necessary consultation and technology to efficiently adopt the GST regime through various initiatives.

2. Golden Peacock Business Award 2017

GMR Hyderabad International Airport Ltd has won

 

GMR Hyderabad International Airport Ltd has won the Golden Peacock Business Excellence Award 2017.
Golden Peacock Business Excellence Award seeks to characterize validated best management practices, as a basis for accelerating the rate of organizational improvement.
The Golden Peacock Awards were established in 1991.

3. Labour Ministry has proposed a minimum monthly income

Rs 10000 minimum monthly wage

 

The Labour Ministry has proposed a minimum monthly income of Rs.10000 for contract workers.
The move will drastically increase the minimum wages of contract labourers from around Rs.6000 per month that is paid to them in a few sectors at present.
At present, employers give the fixed minimum wages to workers for 45 economic activities.

4. YES Bank wins award

‘Golden Peacock Innovative Product Award 2017’ for innovative mobile technology.

 

YES BANK has won the prestigious ‘Golden Peacock Innovative Product/Service Award 2017’ for its innovative mobile technology product, SIMsePAY.
The Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are regarded as a benchmark of Corporate Excellence worldwide.
YES BANK is India’s fifth largest private sector Bank with a pan-India presence.

5. 10 heritage sites to be developed

The government announced 10 new iconic places

 

The government announced 10 new iconic places which would be developed as cleanliness role models under the “Swachh Bharat Mission”.
The decision to choose new places was taken at the second quarterly review meeting of the swachh iconic places, an initiative of the ministry of drinking water and sanitation under Swachh Bharat Mission.

6. e-SOT and e-PRAN card launched for Atal Pension Yojana subscribers

view to digitally empower the Atal Pension Yojana

 

With a view to digitally empower the Atal Pension Yojana (APY) subscribers and to improve the quality of service, the facility of online viewing of the statement of the transactions (e-SOT) and also the e- Permanent Retirement Account Number (e-PRAN card) have been launched.

7. Reserve Bank of India to issue new 5 and 10 coins

new 5 coins to celebrate the 150th anniversary of the Allahabad High Court.

 

The Reserve Bank of India (RBI) will soon put into circulation new 5 coins to celebrate the 150th anniversary of the Allahabad High Court. New 10 coins have also been minted to commemorate the 125th year of National Archives of India.

8. Government sanctions 1 lakh houses worth 4,200 cr for urban poor

Pradhan Mantri Awas Yojana(PMAY)

 

The Central Government has sanctioned construction of over one lakh more houses for the urban poor with an investment of Rs 4,200 crore under the Pradhan Mantri Awas Yojana(PMAY).

9. Agriculture Ministry comes up with model APMC Act to integrate agri markets

Agricultural Produce Market Committee (APMC) Act

 

The Agriculture Ministry has come up with a new model Agricultural Produce Market Committee (APMC) Act proposing single-point levy of market fee across a State and a united single trading licence for cost-effectiveness of transactions.
It has also suggested abolition of fragmentation of market with the State/Union Territory by removing the concept of notified market area insofar as enforcement of regulation by the Agricultural Produce and Livestock Market Committee (APLMC) is concerned.

10. AIIMS Becomes India’s First Public Hospital For Eye Tumours

To start plaque brachytherapy facility

 

The All India Institute of Medical Sciences (AIIMS) is India’s first public hospital to start plaque brachytherapy facility for the treatment of eye tumours
The facility is a form of local radiation delivered to the eye through a radioactive device which is attached to the eye for a temporary period of time.
The facility at the Rajendra Prasad Centre for Opthalmic Sciences will treat children suffering from a type of cancer called Retinoblastoma and adults who suffer from melanoma.

 

 

 

Banking Awareness and Financial affairs updates for April 26th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. NITI Aayog says farmers should pay income taxes

NITI Aayog member Bibek Debroy

 

NITI Aayog member Bibek Debroy proposed, at a news conference on Tuesday, that Indian farmers should start paying income tax.
Debroy opined that income-fluctuation will also be taken into account while determining the tax threshold for farmers.
The suggestion comes at a time when TN farmers are protesting to seek drought relief after failing to sustain their lands.

2. MFIN launches financial literacy app

For the benefit of microfinance clients

 

Microfinance Institutions Network (MFIN), a self-regulatory organisation and an industry association of microfinance, has launched a financial literacy mobile app for microfinance clients.
The app was launched in the capital in the presence of Meenakshi Lekhi, Member of Parliament, and Manoj Mittal, Deputy Managing Director, SIDBI.

3. NHAI to set up panel to deal with disputes

The National Highways Authority of India (NHAI)

 

The National Highways Authority of India (NHAI) has decided to constitute a high powered conciliatory committee, consisting of senior functionaries to resolve various cases relating to construction of national highways, according to its Chairman YS Malik.

4. Vistara Airlines signs MoU with Punjab govt

Vistara Airlines in collaboration with Taj Hotels

 

Vistara Airlines in collaboration with Taj Hotels has signed an MoU with the Punjab government to promote tourism in the state.
Vistara CEO Phee Teik Yeoh and Gurjot Singh Malhi, Advisor to CEO, held detailed discussion on this with Punjab Chief Minister Amarinder Singh here, an official said.

5. Viewership shifting from TV sets to laptops, mobile phones

47 per cent to 10 per cent

 

With players such as Netflix and Hotstar luring viewers with new content, consumers are shifting their viewership from TV sets to devices such as laptops and mobile phones.
According to Accenture Digital Consumer Survey, the percentage of Indian consumers who prefer watching shows on TV sets plummeted from 47 per cent to 10 per cent over the last one year.

 

 

Banking Awareness and Financial affairs updates for April 25th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. Flipkart to replace CEO for a day

With 35,000 employees,generates revenues of around $1.5 billion.

 

Flipkart is planning to replace its CEO for one day, to give an employee the opportunity to see how it feels to run the company. It is a part of the company’s 10th anniversary celebration.
Sources said the move sought to familiarize employees with challenges at different levels of management.

2. SEBI mulls on new guidelines and stringent measures

P-Notes is a Primary Target

 

SEBI is aiming to take a series of stringent measures to ensure black money flow via P-Notes are eliminated. It also aims to introduce several reform measures to smoothen current hiccups.
The board is all set to convene its first meeting under the chairmanship of Ajay Tyagi, who took charge since March 1, this year.

3. Indians send home $62.7 billion in 2016, highest globally: World Bank

$68.9 Billion in 2015

 

India retained the top spot among remittance-receiving countries despite a significant 8.9% drop in remittances in 2016.
The World Bank’s Migration and Development Brief stated remittances to developing countries fell for a second consecutive year, a trend not witnessed in three decades.
However, India also leads the countries with declined remittances with inflows amounting to $62.7 billion in 2016 from $68.9 billion in 2015.

4. Public sector banks merger could help banking system: Urjit Patel

Fewer healthy banks is better

 

RBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities, as it would help in dealing with the problem of stressed assets.
“As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks,” Patel said while delivering the Kotak Family Distinguished Lecture at Columbia University.

5. Consultation paper on spectrum auction in 15 days: TRAI

TRAI Chairman Rs. Sharma

 

Telecom regulator TRAI expects to start the consultation process for the next round of spectrum auction in about a fortnight.
TRAI Chairman Rs. Sharma told reporters on the sidelines of FTTH APAC Conference that They expect to issue it (consultation paper on spectrum price) in about 15 days.

6. FIPB clears six FDI proposals worth ₹85-cr investments

Cabinet Committee on Economic Affairs (CCEA)

 

The Foreign Investment Promotion Board (FIPB) has approved six proposals entailing foreign direct investment (FDI) of about ₹85 crore and has recommended one proposal for approval from the Cabinet Committee on Economic Affairs (CCEA).
“The proposal involving ₹4,315 crore by Gland Pharma Ltd has been referred to the CCEA,” said an official statement on Monday.

 

 

Banking Awareness and Financial affairs updates for April 22-24th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. Fino Paytech to digitalise rural banks

5000 Aadhaar enabled micro ATMs financial inclusion gateway services

 

Fino Paytech will help NABARD to help the rural bank digitization drive in the states of Haryana, MP, Bihar, Gujarat and Maharashtra.
It will provide over 5000 Aadhaar enabled micro ATMs financial inclusion gateway services to district central cooperative banks and Primary Agricultural Credit Societies across these states.
NABARD deals with services related to agriculture.

2. Loan for India’s 1st waterway project

$375 million

 

The World Bank has approved a loan of $375 million for the ambitious inland waterways project between Haldia in West Bengal and Varanasi in Uttar Pradesh.
The 1390 km waterway project of the shipping ministry would enable commercial navigation of vessels with capacity of 1500-2000 deadweight tonnage (DWT).
It was declared as a waterway in October 1986.

3. Anti-dumping duty on hydrogen peroxide

$118 per tonne on import of hydrogen peroxide

 

India may impose anti-dumping duty of up to $118 per tonne on import of hydrogen peroxide chemical used by industries in applications such as corrosion control and paper bleaching from six countries.
This will guard domestic players from cheap imports of ‘hydrogen peroxide’ from Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand.

4. AU Fin converts to small finance bank

AU had network of 300 branches spread across 10 states

 

Au Financiers has converted itself to Small Finance Bank from a Non-Banking Finance Company changing its name to AU Small Finance Bank.
AU started as a NBFC and was engaged in business of commercial and personal vehicle loans, Micro, Small and Medium Enterprises loans and SME loans.
As a NBFC, AU had network of 300 branches spread across 10 states.

5. RBI signs MoU with Bank of Guyana

“Supervisory Cooperation and Exchange of Supervisory Information”

 

The RBI announced signing of an MoU with the Bank of Guyana on “Supervisory Cooperation and Exchange of Supervisory Information”.
The apex bank signed the MoU, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater co-operation and share supervisory information.

6. Government to issue Sovereign Gold Bonds

Tenure – 8 Years
Exit Option from – 5th year

 

Government in consultation with the RBI, has decided to issue Sovereign Gold Bonds 2017-18 – Series I.
The Bonds will be sold through banks, Stock Holding Corporation of India Ltd, designated post offices and recognised stock exchanges viz., NSE and BSE.
The tenure of the Bond will be for a period of 8 years with exit option from 5th year to be

7. Govt sells 9.2% stake in Nalco

Raised over Rs 1200 crore

 

The government raised over Rs 1200 crore through the sale of 9.2% stake in Nalco as both retail and institutional investors lapped up the shares offered to them.
The first PSU disinvestment of the current fiscal, Nalco also saw the government exercising the option to retain excess subscription, called greenshoe option.