Banking & Finance
2. LazyPay collaborated with SBM Bank India to Launch LazyCard
- LazyPay, a BNPL solution by PayU Finance, announced its partnership with SBM Bank India to launch LazyCard, backed by a credit line that works on the Visa payment network.
- To empower financially underserved Indians with easy access to credit as their card has limited credit options.
- LazyCard reaches over 62 million pre-approved users of LazyPay, with a credit limit of up to 5 lakhs.
- Consumers could avail the Lazycard at zero joining fees and zero annual fees.
Banking & Finance
3. Axis Bank partners MinkasuPay for a seamless net banking experience
- Axis Bank announced its partnership with MinkasuPay to offer the smoothest net banking payment experience for its customers through a biometric authentication solution.
- Transaction time will reduce from the current 50-60 seconds to just 2-3 seconds with Fingerprint or Face ID authentication while increasing success rates significantly.
- MinkasuPay's biometric authentication solution is a 2-Factor-Authentication solution.
- Axis Bank CEO: Amitabh Chaudhry
Obituaries
4. Olympic Bronze Medallist Sprinter Deon Lendore passes away
- Olympic and world medallist sprinter Deon Lendore (29-years) who specialized in the 400 meters, has passed away in an unfortunate car crash in Texas, USA.
- The Trinidad and Tobago sprinter won a bronze medal in the 4 × 400 meters relay event at the 2012 Summer Olympics in London.
- He claimed a silver medal in the 4 × 400 meters relay event at the 2015 World Championships in Athletics in Beijing
National Affairs
5. UN projects India GDP at 6.5% in FY22
- As per the United Nations World Economic Situation and Prospects (WESP) 2022 report, The GDP growth forecast of India in fiscal 2022 is estimated to grow at 6.5%
- Earlier it was estimated at 8.4%.
- The WESP is a flagship report produced by the UN Department of Economic and Social Affairs (UN-DESA).
- UN has projected the growth rate for fiscal 2023 (FY 2022-2023) at 5.9%.
National & International Appointments
6. Britannia Industries appoints Amit Doshi as a chief marketing officer
- Leading bakery foods company Britannia Industries announced the appointment of Amit Doshi as its Chief Marketing Officer.
- He would take over from Vinay Subramanyam, who had left the company in December last year.
- Britannia Industries owns popular household brands, which include - Good Day, Tiger, NutriChoice, Milk Bikis, Marie Gold, and Little Hearts.
Banking & Finance
7. Indifi, GPay join hands to offer instant digital credit to SMEs
- Indifi Technologies has collaborated with Google Pay to provide instant loans to eligible small merchants on the Google Pay platform.
- The biggest challenge that most small business owners face is working capital management and the speed of securing capital to manage it.
- The collaboration aims to address this problem and help small merchants to meet their working capital needs.
- GPay’s has a reach of more than 10 million merchants.
Important Dates
8. Republic Day celebrations to begin from January 23
- The Republic Day celebrations will now begin every year from January 23 instead of January 24 to include the birth anniversary of freedom fighter Subash Chandra Bose.
Other such days:
- August 14: Partition Horrors Remembrance Day
- October 31: National Unity Day (birth anniversary of Sardar Patel),
- November 15: Janjatiya Gaurav Divas (Birsa Munda’s birth anniversary),
- Nov 26: Constitution Day
- Dec 26: Veer Baal Divas (a tribute to the four sons of Guru Gobind Singh).
Sports
9. Virat Kohli steps down as Test captain
- Virat Kohli has stepped down as the Test captain of the Indian cricket team after the series defeat against South Africa.
- Under him, India won 40 out of 68 Test matches.
- Kohli was appointed Test captain back in 2014 when M.S. Dhoni stepped down in the middle of the series against Australia.
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