Current Affairs Articles

  Airtel Payments Bank has partnered with Bharti AXA Life Insurance to offer a life term insurance plan. The bank will offer the plan through its extensive network of banking points across the country. The product, Bharti AXA Life (Point of Sale) Saral Jeevan Bima Yojana, is a pure life term insurance plan which is aimed at the under insured and uninsured segments in India.
Source: The Live Mint

  The Ministries of AYUSH and Electronics and Information Technology have signed a MoU to collaborate on the digitization of the AYUSH sector. The ministry aims to digitize the entire AYUSH, leading to transformation in the field of health care delivery at all levels, along with greater research, education, delivery of various health care programmes and better drug regulations.
Source: The News On Air

  Delhi Police has signed a pact with Solar Energy Corporation of India. Under this, the  SECI will support the implementation of grid-connected rooftop solar photovoltaic systems on the establishments of Delhi police. The Delhi police will set up rooftop solar energy systems in over 200 of its buildingsacross the city.
Source: The Business Standard

  Maharashtra achieves first rank in NITI Aayog launched “Agricultural Marketing and Farmer Friendly Reforms Index (AMFFRI)”. The index ranks states based on the degree of reforms they have undertaken in agricultural marketing. AMFFRI has a score that can have minimum value “0” implying no reforms and maximum value “100” implying complete reforms in the selected areas.
Source: The Economic Times

 Hima Das, the under-20 World champion has won the gold medal in women’s 200m in the Poznan Athletics Grand Prix. Poznan Athletics Grand Prix is taking place in Poznan, Poland.
Source: The Hindu

  The IMF has approved a USD 6 billion loan over a period of 3 years for cash strappedPakistan. The USD 6 billion financial aid includes an immediate disbursement of USD 1 billion to help Pakistan address its balance of payment crisis. The approved loan aims to support Pakistan’s economic plan, which aims to return sustainable growth to the country’s economy and improve the standards of living.
Source: The India Today

 The Reserve Bank of India has set up a working group to review the regulatory and supervisory framework for core investment companies (CIC). The group will be headed by Tapan Ray, non-executive chairman, Central Bank of India. The panel will examine the current regulatory framework for CICs in terms of adequacy, efficacy and effectiveness.
Source: The Hindu

  ICICI Bank has tied up with NBFC IndoStar Capital for vehicle financing for small and medium fleet owners to buy new as well as old commercial vehicles. Under this partnership, IndoStar will originate and service the customers through the entire loan life cycle including sourcing, documentation, collection and loan servicing.
Source: The Business Today

  Lord Jagannath Rath Yatra begins in Puri, Odisha. The Rath Yatra marks the journey of Lord Jagannath along with his siblings Lord Balabhadra and Devi Subhadra from Jagannath temple to Gundicha temple. This journey covers a distance of around 17 km in Puri.
Source: The News18

 The Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices for all Kharif crops for 2019-20 Season.
MSP of the following crops has been increased by:
  • Paddy: 65 rupees per quintal
  • Jowar: 120 rupees per quintal
  • Ragi: 253 rupees per quintal
  • Tur: 125 rupees per quintal
  • Moong: 75 rupees per quintal
  • Urad Pulses: 100 rupees per quintal
  • Soyabean: 311 rupees per quintal
  • Sunflower: 262 rupees per quintal
  • Sesamum: 236 rupees per quintal
Source: The News On Air



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