Vreedhi Financial Services (VFS) has secured a non-banking finance company licence from the Reserve Bank of India. It’s objective is to provide credit and other services to micro-enterprises operating in tier two-three cities and small towns. The company will create a digital lending model by the next financial year. It will address the gap between the addressable and viable credit in the micro-enterprises space which is $123 billion as per the study conducted by the International Finance Corporation (IFC).
Source: The Economic Times

  The Central Board of Secondary Education and National Council for Educational Research and Training have launched an online aptitude test called ‘Tamanna’. Tamanna stands for “Try And Measure Aptitude And Natural Abilities“. Tamanna is an aptitude test that aims to help students of Class 9 and 10 to make a better choice of subjects, eventually helping them in making an informed decision while choosing subjects in Class 11 and 12. Tamanna provides information about strengths of students and there is no pass or fail in this test.
Source: The Business Standard

  The European Parliament has awarded the Sakharov Prize to Uighur intellectual Ilham Tohti. He has been awarded the Sakharov Prize for his attempts to “foster dialogue” between Chinese people and the Uighur. Ilham Tohti, who is from the Uighur minority, has been a fierce critic of China’s treatment of the Uighur people. He has been sentenced to life imprisonment in China for “separatism”. The outspoken former Professor of economics at a Beijing university was sentenced in 2014.
Source: The Hindu

  Indian Railways has launched ‘one touch ATVM’ at 42 suburban stations of Central Railway over Mumbai Suburban Network. The machine has been launched to render fast ticketing to millions of commuters. This new machine will reduce the waiting time of the passengers and allow passenger to avoid standing in long queues. The new machine is loaded with the user friendly procedure which will greatly ease the load on ticketing system of Mumbai Suburban Network. A total of 92 ATVMs has been installed at 42 suburban stations.
Source: The Press Information Bureau

  J&K’s Chenani-Nashri Tunnel, a 9 km-long tunnel that reduces the distance between Jammu and Srinagar by 31 km has been renamed as Shyama Prasad Mukherjee Tunnel. The ‘Chenani-Nashri Highway Tunnel’ is not only India’s longest highway tunnel but also Asia’s longest bi-directional highway tunnel. The renaming of the tunnel aims to preserve Mukherjee’s heritage and memory as well as a tribute for his sacrifice for the nation.
Source: The DD News

  Indo-Tibetan Border Police celebrated its 58th Raising Day on 24th October 2019. Union Minister of State for Home Affairs G Kishan Reddy took the salute of the Raising Day Parade ITBP’s Headquarters in Greater Noida. The Parade comprised of all Frontier Contingents of the Force including women, Commando, Skiing, mountaineering and paratroopers’ contingents besides the dog squad & mounted columns. The parade showcased valour and courage of various contingents. Indo-Tibetan Border Police was raised on 24 October, 1962 in the wake of Chinese aggression on Indo-China border.
Source: The Press Information Bureau

  Veteran Mumbai all-rounder Abhishek Nayar has announced his retirement from all forms of cricket. He represented India in 3 One Day Internationals but his record as a First Class player is more promising. He played 103 first-class games, most of them for Mumbai, and scored 5749 runs with 13 centuries and 32 fifties while taking 173 wickets in a career spanning a decade and a half. He also played 99 List-A games in which he amassed 2145 runs and picked 79 wickets.
Source: The Hindu

  Praveen Kumar has become the 1st Indian man to win a gold medal at the Wushu World Championships. He defeated Philippines’ Russel Diaz by 2-1 in the men’s sanda event in the 48kg category of the 15th World Wushu Championships held in Shanghai. Among other Indians, Poonam in women’s 75kg category and Sanathoi Devi in women’s 52kg category secured silver medals while Vikrant Baliyan bagged the bronze in the men’s 60kg category. Wushu Sanda is a martial art which combines full-contact kickboxing, including close range punches and kicks, with wrestling, takedowns, throws, sweeps and kick catches.
Source: The Hindu

  The Union Cabinet chaired by Prime Minister Narendra Modi has approved the merger of loss-making telecom firms BSNL and MTNL as part of a revival package. The Cabinet has also given in-principle nod to the merger of BSNL and MTNL and till modalities are in place, MTNL will be a subsidiary of BSNL The revival package includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees. The revival package for BSNL and MTNL includes raising of Rs 15,000 crore sovereign bonds and monetising Rs 38,000 crore of assets in next 4 years. Under the package, 4G spectrum worth Rs 20,000 crore will be administratively allotted to the two firms.
Source: The Hindu

  The Mohun Bagan Athletic Club has conferred life membership to Nobel laureate Abhijit Banerjee. The club handed him the First Day Cover of 1911 and the maroon green jersey with his name written on it. He was also given a book on the history of the club. In 1911, Mohun Bagan became the first Indian club to win the Indian Football Association (IFA) Shield beating the East Yorkshire Regiment of the British Army in the final.
Source: The Hindu


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