National News
MasterCard Ties Up with SBM Bank India
- MasterCard has partnered with SBM Bank India in order to provide its customers with an online real-time domestic and cross border payments facility.
- The online real-time payment facility will be done through ‘MasterCard Send’.
Rajnath Singh e-inaugurated 6 Bridges in J&K
- Union Defence Minister Rajnath Singh e-inaugurated 6 bridges in Jammu and Kashmir.
- The bridges are developed under the Project Sampark by Border Road Organisation.
Bhubaneswar Land Use Intelligence System (BLUIS)
- Chief Minister of Odisha has launched Bhubaneswar Land Use Intelligence System (BLUIS) which is the web and mobile-based solution to monitor the unauthorized change of land use.
- This system will help to prevent the encroachment of government lands.
World Bank Financially Supports Namami Gange Programme
- World Bank and Government of India has signed a loan agreement to financially support Namami Gange Programme.
- The loan amount of $400 million has been sanctioned by World Bank to make Ganga a clean and healthy river.
Bharat Dynamics Ltd signs LAToT with DRDO-DRDL
- Bharat Dynamics Limited (BDL) has signed a License Agreement and Transfer of Technology (LAToT) with Defence Research and Development Organisation- Defence Research and Development Laboratory (DRDO-DRDL).
Flipkart to Promote Art, Craft and Handloom Sector of Karnataka
- E-commerce industry Flipkart has entered into an agreement with the government of Karnataka to promote arts, crafts and handloom sector of the state.
- For this purpose, the E-Commerce giant Flipkart has signed MoU with Department of MSME and Mines of the government of Karnataka.
India’s First E-Lok Adalat at Chhattisgarh
- The decision and development of e-Lok Adalat in Chhattisgarh has taken place because of the Chhattisgarh State Legal Service Authority and the High Court.
- The E-Lok Adalat is launched with an aim to carry out court cases via the virtual platform in the pandemic situation of COVID-19 and to maintain social distancing.
'ATL App Development Module'-- NITI Aayog
- NITI Aayog’s Atal Innovation Mission has launched the ATL App Development Module for school children across the country.
- The ATL App Development Module is an online course, which is completely Free.
Banking
‘Bhavishya’ Saving Account—By Fino Payments Bank Ltd
- Fino Payments Bank Limited has launched ‘Bhavishya’ Saving Account.
- The ‘Bhavishya’ Saving Account is launched for the minors who are in between the age group of 10-18 years.
India’s GDP to contract by 3% in FY21
- BofA Securities, which is a foreign brokerage, has stated that India’s GDP will contract by 3% for the financial year 2021.
- BofA Securities has also predicted that India’s GDP will contract this fiscal with estimates ranging up to 7% negative growth.
Tamil Nadu Tops in Market Borrowings—By RBI
- As per the data by Reserve Bank of India, Tamil Nadu state has topped in market borrowings among all the states in India.
- Tamil Nadu has raised Rs 30,500 crores in the fiscal year 2020-21 which is accounted for 17% of the borrowings done through the issue of the bonds.
7th SBI Banking & Economics Conclave
- RBI Governor Shaktikanta Das addressed the 7th SBI Banking & Economics Conclave.
- In the conclave, the governor delivered various policy measures taken in order to deal with the economic crisis being faced by the country amidst COVID-19 lockdown.
Panel Formed for 'Indian Pandemic Risk Pool'-- By IRDAI
- The Insurance Regulatory and Development Authority of India (IRDAI), being the regulatory provider has formed a panel which will examine the degree of convenience of ‘Pandemic Risk Pool’.
- The panel will be headed by Suresh Mathur, Executive Director of IRDAI.
India: Second Largest Foreign Direct Investor in the UK
- UK Government has released new data in the Department for International Trade (DIT) inward investment statistics for 2019-2020.
- As per the statistical analysis, India has become the second-largest Foreign Direct Investor in the United Kingdom (UK).
Index and Ranking
11th Global Real Estate Transparency Index 2020
- The United States Property Consultant Jones Lang LaSalle’s (JLL), India has released 11th Global Real Estate Transparency Index 2020.
- As per the report, India ranks at 34th position with a total score of 2.69 under the semi-transparent zone.
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