Important Dates
2. World Tourism Day being celebrated across globe
- World Tourism Day is being observed on September 27.
- Aim: To promote tourism all over the globe.
- Objective: To foster awareness among the international community on the importance of tourism and its social, cultural, political, and economic value.
- The theme for this year's World Tourism Day is 'Tourism and Green Investments'.
- Tourism helps provide employment to millions of people to the extent that few countries are completely dependent on the tourism sector
Honours & Awards
3. Chhattisgarh bags three national awards for Ayushman Bharat scheme
- Chhattisgarh received three national awards for its outstanding execution of the Ayushman Bharat scheme under the 'big states' category.
- CM Bhupesh Baghel said that Chhattisgarh has introduced several innovative schemes to enhance access to high-quality healthcare services in the past five years.
- One such initiative is the Mukhyamantri Haat Bazar Clinic Yojana, which extends free healthcare services to residents in remote forest areas of the state.
National & International Appointments
4. RBI deputy governor M Rajeshwar Rao gets term extension by one year
- The central government extended the term of M Rajeshwar Rao as the Reserve Bank of India's (RBI) Deputy Governor by one year.
- The re-appointment has been approved by the Cabinet's Appointments Committee.
- RBI has four deputy governors – two from within the ranks, one commercial banker and another an economist to head the monetary policy department.
- Currently, those 4 Deputy Governors are BP Kanungo, Dr. M.D. Patra, M Rajeshwar Rao, and MK Jain.
Banking & Finance
5. RBI Imposes Monetary Penalty On SBI, IB, Punjab & Sind Bank
- The RBI imposed monetary penalties on three banks, State Bank of India, Indian Bank and Punjab & Sind Bank, and Fedbank Financial Services for rule violations.
- The central bank imposed Rs 1.30 crore on SBI, Rs 1.62 crore penalty on IB, Rs 1 crore on Punjab & Sind Bank, and Rs 8.80 lakh on Fedbank Financial Services.
- This penalty has been imposed under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949
National & International Appointments
6. RBI clears K N Madhusoodanan as part-time chairman of Dhanlaxmi Bank
- The RB appointed KN Madhusoodanan as a part-time chairman of Dhanlaxmi Bank.
- He will be part-time chairman of the Kerala-based bank for a period of three years with effect from September 26, 2023.
- Madhusoodanan has been an independent director with the bank since 2022.
- This appointment also follows the RBI's rejection of a proposal to appoint G Rajagopalan Nair as its part-time chairman.
- Nair has also been an independent director with the bank since August 2020.
Honours & Awards
7. Odisha Scientist Swati Nayak wins Norman Borlaug Field Award 2023
- Indian agricultural scientist Swati Nayak became the third Indian agriculture scientist to win the prestigious Norman Borlaug Field Award 2023.
- The Norman Borlaug Field Award 2023 is presented by the World Food Prize Foundation for outstanding achievements in international agriculture and food production by individuals under 40.
- Nayak speaks to businessline about the importance of the award, her work with the agricultural community and more.
Banking & Finance
8. RBI asks banks to display information on borrowers linked to SARFAESI Act
- The Reserve Bank of India (RBI) has announced that the Regulated Entities (REs) that are secured creditors as per the Enforcement of Security Interest (SARFAESI) Act, 2002, will display information in respect of the borrowers.
- The SARFAESI Act is a law that allows banks and financial institutions to recover bad loans effectively.
- The bank can recover the loan by taking possession of the security and selling it to recover the dues.
Banking & Finance
9. REC partners with PNB to finance projects in logistics, power, infra sector
- Power PSU REC Ltd and public lender Punjab National Bank inked an agreement to co-finance projects in power, infrastructure and logistics projects.
- The two entities will jointly finance loans worth Rs 55,000 crore.
- Under the Ministry of Power, REC Limited provides long-term loans and other finance products for the power infrastructure sector, comprising generation, transmission and renewable energy, among others.
- The company has a loan book of over Rs 4,54,393 crore.
National & International Appointments
10. Katrina Kaif appointed as first Indian brand ambassador of Uniqlo
- Japanese apparel retailer Uniqlo has appointed Bollywood actress Katrina Kaif as its first brand ambassador in India and attempts to woo affluent shoppers and plans to add to more stores.
- The 40-year-old actor will be seen in Uniqlo's campaign films across digital and offline channels.
- Kaif joins the ranks of tennis star Roger Federer, who was appointed as Uniqlo's global brand ambassador in 2018.
- Uniqlo is part of Japan’s largest fashion group Fast Retailing.
National & International Organizations
11. Infosys ties with Microsoft for industry-wide adoption of generative AI
- IT major Infosys is collaborating with Microsoft to jointly develop industry-leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services.
- Both organizations are bringing together their respective AI capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries.
- The integrated solutions will accelerate rapid democratization of data and intelligence that will help businesses increase productivity
Banking & Finance
12. RBI cancels license of The Kapol Co-operative Bank
- The Reserve Bank of India has cancelled licence of The Kapol Co-operative Bank over inadequate capital and earning prospects.
- Consequent to the cancellation of the licence, the cooperative bank has been prohibited from conducting the business of 'banking'
- It includes, among other things, acceptance of deposits and repayment of deposits with immediate effect, the Reserve Bank said in a statement.
- Gov has also been requested to issue an order for winding up the bank
Sports
13. India’s Sift Kaur Samra wins gold in women’s 50m Rifle 3-P individual event
- India’s Sift Kaur Samra won gold in the women’s 50m Rifle 3-P individual event at the Asian Games 2023 to give India its fifth gold at Hangzhou.
- In women's 25m pistol shooting event, Indian team comprising of Manu Bhaker, Rhythm Sangwan and Esha Singh also claimed gold medal.
- This brings the overall medal tally for India to 21 - 5 gold, 6 silver and 10 bronze.
- Meanwhile, Esha Singh in an individual women's 25m pistol event won Silver, behind the china's Rui Liu.
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