Weekly Current Affairs 1st To 7th August 2020

National News

‘MSMESaksham’ - Portal by SIDBI and TransUnion CIBIL

• The Small Industries and Development Bank of India (SIDBI) in partnership with TransUnion CIBIL has launched a portal named as ‘MSMESaksham’.
• The ‘MSMESaksham’ portal is a comprehensive financial education and a knowledge platform for MSME sector.

AIM, Bill and Melinda Gates Foundation and Wadhwani Foundation

• The ‘AIM-iCREST’ is an incubator capabilities enrichment and enhancement program which aims to build robust ecosystem. It will focus on startups and will develop innovative skills in India.

MSME launched Programme for Manufacturing of Agarbatti

• Ministry of MSME has launched a programme to uplift the artisans who manufacture Agarbatti.
• The programme is launched under ‘Gramodyog Vikas Yojana’. The program will help to uplift and develop village industries.

ARHCs Knowledge Pack & Mobile App of CREDAI

• Minister of State (independent charge) for MoHUA (Ministry of Housing and Urban Affairs) has launched Affordable Rental Housing Complexes Pack and an Awaas app for Confederation of Real Estate Developers and Association of India (CREDAI).

‘Bharat Air Fibre Services’ launched at Akola, Maharashtra

• Union minister for state for HRD, Electronics and Communication and IT, Sanjay Dhotre has inaugurated ‘Bharat Air Fibre Services’ at Akola Maharashtra.
• The Bharat Fiber Service will provide Wireless fibre internet connection to the residents of Akola.

Sahakar Cooptube NCDC Channel

• Union Agriculture and Farmer’s Welfare Minister Narendra Singh Tomar has launched Sahakar Cooptube NCDC Channel, it is initiative which cones under NCDC (National Cooperative Development Corporation).

India contributes to India-UN Development Partnership Fund

• Government of India has contributed financial support to India-UN Development Partnership Fund.
• India has contributed USD 15.46 million to the fund which will act as financial support to developing nations.

Bharti Airtel partners with Amazon Web Services

• Bharti Airtel has entered into a partnership with Amazon Web Services (AWS) in order to provide cloud solutions to SMEs in India.
• AWS technical professional services will be supporting AWS cloud practice which will be developed by Airtel cloud.

India provided Financial Support to Maldives

• India has offered a Line of Credit to the island nation Maldives to support and expand its fishing facility at MIFCO (Maldives Industrial Fisheries Company).
• A-Line of Credit worth 18 million US dollars is offered by India.

‘Pride of Punjab’ Programme

• The Pride of Punjab Programme is launched by CM of Punjab.
• The programme is launched in partnership between the Department of Youth Science and Sports and YuWaah (Joint platform of UNICEF, UN Agencies and Civil society organisations).

Banking

BOB Financial Solutions Partners with Innoviti Payment

• This will allow BOB credit card holders to access EMIs which will be repaid conveniently via their credit cards. The offers are in terms of convenient and affordable EMI payment options.
• The credit card holders all over India can take benefit of this service from over 70,000 Innoviti Payment Solutions across more than 1000 cities.

Virtual Museum of Security Market

• The Securities and Exchange Board of India (SEBI) has decided to develop a virtual museum of security markets in India.
• This virtual museum will highlight the achievements of the capital markets of India.

RBI Monetary Policy Updates

• The Monetary Policy Committee (MPC) of Reserve Bank of India has released new updates related to monetary policy rates on 6th Aug 2020.
• As per the announcement by RBI Governor Shaktikanta Das, the repo rate is kept unchanged to 4%.

Innovation Hub for Financial Sector in India—By RBI

• Reserve Bank of India has announced that it will be setting up an ‘Innovation Hub’ in India.
• The aim behind developing an innovation hub is to increase and deepen financial inclusion and promote banking services effectively and efficiently to the citizens.

‘Smart Plan Shop Package Policy’

• A newly launched insurance product named as ‘Smart Plan Shop Package Policy’ is launched by Airtel Payment Bank in partnership with Bharti AXA General Insurance.
• The ‘Smart Plan Shop Package Policy’ will offer financial protection to bank’s retailers and merchants.

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