National & International Appointments
1. CBI special director Praveen Sinha elected to Interpol committee
- CBI special Director Praveen Sinha was elected as a delegate for Asia on the executive committee of the Interpol, capping an “intense” and “well-coordinated” campaign across the world by India.
- The elections for various positions for the top panel were held at the ongoing 89th Interpol General Assembly in Istanbul.
- It has 13 members, including the president and three vice presidents, apart from nine delegates.
- The committee is headed by UAE.
National Affairs
2. Govt forms ‘Central Vista Oversight Committee’ to expedite pace of project
- The Union govt formed a high-level ‘Central Vista Oversight Committee’ for 2 years to monitor and expedite the pace of the project.
- The committee will be headed by former finance secretary Ratan P Watal.
- It include P K Tiwari, Shailendar Roy, Professor Mausam and member and a Joint Secretary MoHUA as the convener.
- The committee will ensure a multi-agency, multi-stakeholder coordination for seamless integration of different project works.
Banking & Finance
3. ADB Approves $ 1.5 Billion Loan to India for Purchasing Covid-19 Vaccines
- The ADB has approved a $ 1.5 bn (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
- The loan from ADB will fund at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people, it added.
- It will support India’s National Deployment and Vaccination Plan which aims to fully vaccinate 94.47 crore people aged 18 years and above.
- The Asian Infrastructure Investment Bank is expected to co-finance an additional $ 500 million for the project.
Banking & Finance
4. Bajaj Allianz partners TropoGo to distribute ‘drone insurance’ products
- Bajaj Allianz General Insurance announced its partnership with deep-tech startup TropoGo for the distribution of a drone Insurance product.
- The drone insurance product will cover damage to the Drone and Payload it carries.
- Drone owners and drone manufacturing companies can avail an annual third-party and comprehensive coverage for accidental damage, theft, and disappearance.
- Companies can also avail customized insurance coverage for fleet requirements.
Banking & Finance
5. YES Bank Partners With Amazon Pay For UPI Transactions
- Yes Bank has collaborated with Amazon Pay and Amazon Web Services (AWS) to offer customers an instant real-time payment system through a UPI transaction facility.
- The integration enables Amazon Pay to issue UPI IDs with the @yapl handle, allowing customers to make secure, fast, and convenient payments.
- Based on a multi-bank model, this collaboration allows Yes Bank to acquire merchants through the Amazon Pay platform.
- Yes Bank CEO: Prashant Kumar
Banking & Finance
6. Amazon, Asian Paints, Tata Tea top Most Purposeful Brands Ranking
- According to Kantar’s BrandZ India 2021 report, Amazon, Tata Tea and Asian Paints emerged as the most purposeful brands in India across technology, FMCG and in non-FMCG categories resp
- In technology ranking Amazon leads the index followed by Zomato, YouTube, and Google and Swiggy jointly in 4th place
- While Asian Paints topped the non-FMCG rankings, Samsung and Jio ranked jointly in the 2nd position. , followed by MRF
- The FMCG category rankings saw Tata Tea top the chart
Agreement
7. Prime Volleyball League signs RuPay as title sponsor for 3 years
- RuPay, the flagship product of NPCI, has come on board as the title sponsor of the Prime Volleyball League.
- The card payment network has acquired the title sponsorship rights of the sporting league for three years of the league, which is scheduled to take place in early 2022.
- The tournament will consist of 24 games and the player auction will be held in Kochi on December 14.
- Gaming company A23 has already joined the league as ‘Powered By’ sponsors in a multi-year deal.
National Affairs
8. Bihar, Jharkhand, UP emerge as poorest states in India: NITI Aayog
- NITI Aayog has released its Multidimensional Poverty Index (MPI).
- According to MPI Bihar, Jharkhand and UP have emerged as the poorest states in India.
- Bihar also has the highest number of malnourished people followed by Jharkhand, MP, UP and Chhattisgarh.
- Kerala, Goa, Sikkim, Tamil Nadu and Punjab have registered the lowest poverty across India.
- The MPI measure uses the methodology developed by the Oxford Poverty and Human Development Initiative and the UNDP
Banking & Finance
9. Exim Bank commits $100 million loan for Covid vaccines in FY 22
- Exim Bank has committed loans worth $100 mn for domestic manufacturers of Covid-19 vaccines.
- These loans are being extended to about half a dozen drug makers in the country.
- The loans for vaccines are also being extended to other countries.
- The bank expects a credit growth of 10% this year.
- This will be driven by ‘good’ demand from EPC, textiles, pharma and petroleum sectors, among others.
- Its loan portfolio increased 4.43% year-on-year to ₹1,03,851 crore.
State Affairs
10. GHCL signs MoU worth ₹500 crore with Tamil Nadu
- GHCL Limited has signed an MoU with the Tamil Nadu for investing ₹500 crore in the State.
- As per the MoU, GHCL will set up 40,000 ring spindles in Manaparai, Tiruchirappalli district, to produce synthetic and synthetic blended yarn.
- GHCL also plans to develop an EHT (extra high tension) power transmission facility in Manaparai to ensure uninterrupted power supply.
- GHCL has proposed to set up a 20 MW solar power park near Musiri, Tiruchirappalli district.
Banking & Finance
11. Indian Oil, BPCL, HPCL launch Model Retail Outlet Scheme
- Indian Oil, BPCL and HPCL announced the launch of Model Retail Outlet Scheme and a Digital Customer Feedback Program called Darpan@petrolpump.
- Three oil PSU’s have joined hands to launch Model Retail Outlets to enhance service standards and amenities, across their networks.
- The initiative was inaugurated by Minister of Petroleum and Natural Gas & Housing and Urban Affairs, Hardeep Singh Puri.
Banking & Finance
12. RBI panel proposes to raise promoters cap to 26% in private banks
- The internal working group of RBI has proposed to raise the cap on promoters’ stake in private banks from the current 15 % to 26 % in 15 years.
- Presently, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years.
- The RBI had constituted the IWG on June 12, 2020, to review extant ownership guidelines and corporate structure for Indian private sector banks.
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