Honours & Awards
1. Karnataka Bank wins Prathista Puraskar under Digidhan Award 2021-22
- The Karnataka Bank was honored with the ‘Prathista Puraskar’ under the ‘Digidhan Awards 2021-22’ by the Ministry of Electronics and Information Technology (Meity).
- Reason: To achieve the target with the highest percentage in BHIM-UPI transactions in the private sector bank category.
- DigiDhan award is a recognition for the top-performing banks in the digital payments space.
- MD& CEO of Karnataka Bank: Mahabaleshwara MS
- Karnataka Bank HQ: Mangaluru
Honours & Awards
2. Kantara’s Rishab Shetty wins ‘Most Promising Actor Award’ at DPIFF 2023
- Kantara movie actor & director, Rishab Shetty will be honored with the Most Promising Actor Award at the Dadasaheb Phalke International Film Festival (DPIFF) Award 2023 on February 20 in Mumbai.
- He was awarded for his stellar performance in the Kannada film, Kantara.
- Rishab Shetty is an Indian actor and filmmaker primarily working in Kannada cinema.
- DPIFF was founded in 2012 and established in 2016.
- DPIFF CEO: Abhishek Mishra
National Affairs
3. Cabinet approves “Vibrant Villages Programme”
- The Union Cabinet has approved the Centrally Sponsored Scheme “Vibrant Villages Programme” for the Financial Years 2022-23 to 2025-26 with a financial allocation of Rs. 4800 Crore.
- The scheme will provide funds for the development of essential infrastructure and the creation of livelihood opportunities.
- In the first phase, 663 Villages will be taken up in the program.
- Aim: To improve the quality of life of people living in identified border villages.
National Affairs
4. Cabinet approves MoU between India, Chile in agricultural sector
- The Union Cabinet, chaired by PM Modi, has approved the signing MoU between India and Chile for cooperation in the field of Agriculture and Allied sectors.
- Main areas of cooperation:
- Agricultural policies for the development of modern agriculture
- Organic agriculture to facilitate the bilateral trade of organic products
- Promote innovation in the agricultural sector
- Both countries will constitute a Chile-India Agricultural Working Group.
- Chile Capital: Santiago
National Affairs
5. Cabinet approves MoU for cooperation in Disability Sector
- The Union Cabinet has approved the Memorandum of Understanding (MoU) between India and South Africa for cooperation in the Disability Sector.
- The decision was taken in the Cabinet meeting headed by Prime Minister Narendra Modi.
- Aim: To encourage cooperation between the Department of Empowerment of Persons with Disabilities in India and South Africa
- This MoU will strengthen the bilateral ties between India and South Africa.
- South Africa President: Cyril Ramaphosa
Banking & Finance
6. Indian Overseas Bank launches electronic bank guarantee scheme
- Indian Overseas Bank has launched the facility of issuance of the e-BG (Electronic Bank Guarantee) scheme in association with the National e-Governance Services Ltd.
- e-BG: An instrument issued by the bank in which the bank agrees to guarantee a particular sum in the event that the applicant fails to fulfill an action/performance.
- It is a paperless mode with digital stamping and digital signature.
- Real-time issuance would make it available for the beneficiary instantly.
Banking & Finance
7. Muthoot FinCorp launches Vyapar Mitra
- Muthoot FinCorp has introduced ‘Vyapar Mitra Business Loans’ to provide working capital and business loans to micro and small businesses like traders.
- This new feature can offer business loans based on their daily cash flow without additional collateral.
- Besides, one can receive a business loan without Income Tax Return (ITR) papers and no prior CIBIL score records.
- Benefits: No prepayment charges, loan renewals up to three times a year, and simple and fast documentation
Banking & Finance
8. Paytm Payments Bank becomes first to launch UPI LITE feature
- Paytm Payments Bank Limited (PPBL) has launched the UPI LITE feature, which is enabled by the National Payments Corporation of India (NPCI) for multiple small-value UPI transactions.
- The feature enables faster real-time transactions with a single click through Paytm.
- Aim: To drive the adoption of digital payments across the country
- UPI LITE was launched by the RBI in September 2022.
- A UPI LITE wallet allows a user to do instant transactions of up to ₹200.
National Affairs
9. India and Spain agree to collaborate on digital infrastructure
- Prime Minister Narendra Modi and his Spanish counterpart, Pedro Sánchez had a telephone conversation to discuss ways to further strengthen the growing relationship between both countries.
- Both leaders discussed a number of bilateral and international issues of mutual interest.
- They also agreed to collaborate on issues such as digital infrastructure, climate action, clean energy transition, and sustainable development.
- Spain Capital: Madrid
Banking & Finance
10. EbixCash becomes first entity to enable UPI for foreign nationals
- EbixCash Limited has become the first company in India to launch and enable Unified Payments Interface (UPI) transactions for foreign nationals visiting India.
- It will offer UPI services to international delegates attending the G-20 summit, being held in India.
- This facility will be enabled across all other entry points in the country.
- It can be extended to foreign travelers after physical verification of the Passport and Visa of the customers at the point of issuance.
Banking & Finance
11. CAMSPay receives RBI nod to operate as payment aggregator
- CAMSPay has received in-principle approval from RBI to operate as a payment aggregator.
- It is a part of Chennai-based Computer Age Management Services (CAMS)
- CAMS is India’s largest registrar and transfer agent of mutual funds.
- CAMSPAy is a payment platform specializing in solving the banking and finance services sector's payment challenges.
- Payment aggregators are entities that on-board digital merchants and accept payments on their behalf after getting a licence.
National Affairs
12. Union Cabinet approves construction of Shinku La Tunnel
- The I&B Minister, Anurag Singh Thakur has informed that the Union Cabinet has approved the construction of the Shinku La Tunnel in Ladakh.
- Reason: To provide all-weather connectivity in Ladakh region
- The construction work of this 4.1-kilometer tunnel will be completed by December 2025.
- The total expenditure on this project will be 1,681 crore rupees.
- The tunnel will lead to the development of the region and boost the tourism, Health, and education sectors.
Defense
13. Indian Army gets 'World's First' fully operational SWARM Drone System
- Bengaluru-based start-up, NewSpace Research has delivered SWARM drones to Indian Army.
- These drone systems will make the Army the first major armed force in the world to operationalize with these high-density SWARM drones.
- The swarm of 100 drones is capable of hitting targets at least 50 km away into enemy territory.
- It is a part of the Aatmanirbhar effort to indigenize critical and disruptive military technologies.
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