Category: All Current Affairs

Airtel Payments Bank partners with NSDC to train rural youth for financial services jobs

July 25, 2020

• Airtel Payments Bank partners with NSDC with an aim to train rural youth for financial services jobs.
• The main objective of the partnership is to conduct skill development programs for them that will focus on the adoption of tools to boost online banking and digital financial services.

Andhra Pradesh govt. and Amul, signs an MoU to empower women SHGs

July 25, 2020

• Andhra Pradesh Government and the milk cooperative giant AMUL (Anand Milk Union Limited) has signed an MoU, to provide fillip to the empowerment of women self-help groups and by encouraging the milk cooperatives in the government sector.

According to DBS, India’s GDP to contract 6% in FY21

July 25, 2020

• Singaporean brokerage firm DBS Bank Ltd has estimated that the Indian economy will contract by 6 percent in FY21 (2020-21).
• In its previous forecast, DBS had estimated – 4.8 percent growth for FY21.

A digital saving account named ‘Insta Click Savings Account’ launched by Bank of Baroda

July 25, 2020

• A paperless digital self-assisted online savings account named ‘Insta Click Savings Account’ recently launched by Bank of Baroda.
• Insta Click Savings Account uses a new form of digital KYC (know-your-customer) with Aadhaar-based OTP and it will offer all range of products and services to its customers.

Ultra-rapid testing kit for COVID-19 jointly developed by India and Israel

July 25, 2020

• An ultra-rapid testing kit for COVID-19 jointly developed by India and Israel.
• This rapid testing kit can generate preliminary COVID results within 30 seconds.

Karnataka Digital Economy Mission passed by Karnataka govt.

July 25, 2020

• The Karnataka State Government passed the Karnataka Digital Economy Mission with an aim to promote over 7,000 start-ups, e-commerce, and other gig economy companies in the State.

E-Sachivalaya portal launched by Haryana Govt.

July 25, 2020

• Haryana CM Manohar Lal Khattar launched e-Sachivalaya portal, a digital platform, facilitating people to take online appointments for virtual meetings with the CM , Deputy CM , Ministers and other Heads of Departments.

‘RestartIndia’ advisory portal for MSME sector

July 25, 2020

• The Union Minister for Micro, Small and Medium Enterprise (MSMEs), Shri Nitin Gadkari launched a mentoring platform ‘www.restartindia.in’ for MSME which is jointly developed by Muthoot Fincorp and INKtalks.
• The main objective of the Portal is to help the sector in restarting businesses across the country, to address the questions and provide information on various schemes and initiatives of the government.

RBI starts Report of Committee For Analysis of QR Code led by Prof. Deepak B Phatak

July 24, 2020

• On July 24, 2020, the Reserve Bank of India (RBI) publicized the “Report of the Committee for Analysis of QR (Quick Response) Code” under the leadership of Prof. Deepak B. Phatak on its website for comments/suggestions of various industry players.
• The committee has advised phasing out of proprietary, closed-loop QR codes as it requires customers to manage separate apps.
• The committee was constituted by RBI on 23rd december 2019.

Mr. Sahil Seth selected as an honorary advisor for BRICS CCI

July 24, 2020

• The Deputy Commissioner of Mumbai Customs and a 2011 batch Indian Revenue Service Officer, Mr. Sahil Seth, has been selected as an honorary advisor for the BRICS (Brazil, Russia, India, China and South Africa) Chamber of Commerce and Industry (CCI) for the duration 2020 to 2030.