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Category: All Current Affairs

SBI will buy Yes Bank shares worth Rs 7250 crore

March 13, 2020
Yes Bank

The State Bank of India has finalized to buy shares worth Rs 7250 crore of the cash-strapped Yes Bank. The purchase of the shares will be in accordance with the draft reconstruction scheme put forward by the Reserve Bank of India. SBI will buy the 725 shares of Yes Bank at a price of Rs 10 per share. After the purchase, the shareholding of the State Bank of India (SBI) in Yes Bank will remain under 49% of the paid-up capital.

Digital Solutions Exchange “GOKADDAL” released in India

March 13, 2020
GOKADDAL

The World’s first Digital Solutions Exchange in the cloud “GOKADDAL” has been released in India. GOKADDAL is a cloud-based solutions exchange platform which focuses on four A’s i.e. Automation, Artificial Intelligence, Analytics and Augmentative Technologies. GOKADDAL brings its customers to the right solutions with right tools and right providers and hence aids them to realize their digital transformation vision. The cloud delivery platform is expected to revolutionize the way digital solutions are sourced, delivered and managed. The Dubai based emerging technology company “GOKADDAL Technologies” is a part of Merkado group.

HP to get US$80 Mn to improve water management practices

March 13, 2020
World Bank

The Government of India, Government of Himachal Pradesh have inked a US$80 million loan agreement with the World Bank. The loan agreement aims to enhance water management practices and to improve agricultural productivity in 428 Gram Panchayats of Himachal Pradesh.

TCIL inks MoU with The Gambia for MEA’s eVBAB Network Project

March 13, 2020
TCIL inks MoU with The Gambia for MEA’s eVBAB Network Project

Telecommunications Consultants India Ltd (TCIL) inked a Memorandum of Understanding (MoU) with The Gambia. This MoU is signed for the participation in MEA’s (eVBAB) e-VidyaBharati and e-ArogyaBharati Network Project for telemedicine and tele-education in Africa. The Gambia is the 16th country to job the e-Network Project. It is signed by the High commissioner of Gambia, Jainaba Jagne to the Director-Technical at the TCIL, Kamendra Kumar India at New Delhi.

SpiceJet to set up warehousing & distribution facility at GAHSL

March 13, 2020
SpiceJet

An Indian low-cost airline, SpiceJet has inked a pact with GMR Hyderabad Aviation SEZ Limited (GHASL). According to the pact, SpiceJet will set up warehousing, distribution and trading facility in the aerospace and industrial park of GHASL. “Ready-to-Use” industrial infrastructure is offered by the park with the flexibility of choosing land within SEZ for business reasons.

Surjit Singh Deswal receives additional charge of BSF DG

March 13, 2020
Surjit Singh Deswal

Indian Police Service (IPS) officer of Haryana cadre Surjit Singh Deswal took over the additional charge of Director General (DG) of Border Security Force (BSF). Deswal, a 1984-batch IPS officer, is currently the Director-General of Indo-Tibet Border Police. He has succeeded Director-General Vivek Johri, who has been appointed Director-General of Madhya Pradesh Police.

Bhawna Dehariya scales Australia’s Mount Kosciuszko

March 13, 2020
Bhawna Dehariya

Indian mountaineer Bhawna Dehariya has successfully climbed Mount Kosciuszko (2,228-metres), the highest mountain peak in Australia on the occasion of Holi. Dehariya had climbed Mount Kilimanjaro (5, 895 meters), the highest mountain peak in Tanzania on the occasion of Diwali in the year 2019 and also felt fortunate that she had celebrated 2 biggest festivals of India at the mountain peaks.

National Crime Records Bureau celebrates its 35th Inception Day

March 13, 2020
National Crime Records Bureau

The National Crime Records Bureau (NCRB) observed its 35th Inception Day on 12th March 2020. On the occasion of inception day of NCRB, Union Minister of State for Home Shri Nityanand Rai released Crime Multi Agency Centre (Cri-MAC) and National Cybercrime Training Centre (NCTC). A function was organized on the occasion of inception day of NCRB and featured the participation of DGs and Senior officers from various central and state police organizations.

PhonePe signs partnership with ICICI Bank for UPI Transactions

March 12, 2020
PhonePe

PhonePe has paired up with ICICI Bank for UPI transactions. PhonePe earlier tied up with Yes Bank, but after YES Bank has been placed under moratorium by Reserve Bank of India due to which UPI transactions at PhonePe got disrupted.

LT Gen KJS Dhillon will take charge as DG DIA & DCIDS

March 12, 2020
LT Gen KJS Dhillon

Lt Gen KJS Dhillon will take the charge of Director-General(DG), Defence Intelligence Agency (DIA) and Deputy Chief of Integrated Defence Staff (DCIDS). DIA and DCIDS is a department that comes under the Chief of Defence Staff in the newly created Department of Military Affairs. DIA and DCIDS are responsible for collating technical as well as human intelligence for the three armed forces.