 Fino Payments Bank, one of India’s first payments banks, has been allowed to open new accounts by RBI after it submitted a compliance report. It had been barred by the central bank from adding new customers since the end of May. An RBI audit revealed that some Fino accounts had deposits in excess of the stipulated amount of INR 1 lakh. Airtel Payments Bank were also barred from onboarding new customers earlier. In July, the RBI had lifted the ban on Airtel Payments Bank. |
| Source- Business Standards |
 The Union Government has sent CBI Director Alok Verma on leave. Verma was appointed as CBI Director in 2016 for two years and his tenure ends in December 2018. The decision was taken by the Appointments Committee of the Cabinet (ACC). The committee also issued an order appointing M Nageshwar Rao as Director of the Central Bureau of Investigation (CBI). Rao is presently working as Joint Director at the CBI. Rao will take over the duties and functions of CBI Director with immediate effect. |
| Source- The Hindu |
 The ‘Invest India’ initiative of the Union Government won the top United Nations Investment Promotion Award in recognition of its efforts to boost investments in the renewable energy sector in India. The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, in Geneva, Switzerland at the inauguration of the World Investment Forum organised by the UN Convention on Trade and Development (UNCTAD). |
| Source- News 18 |
 Environment Ministry has launched Harit Diwali, Swasth Diwali campaign. This campaign was initiated in 2017-18 wherein a large number of school children participated and took a pledge to minimize bursting of crackers. The Harit Diwali-Swasth Diwali campaign is now merged with “Green Good Deed” movement that has been initiated as a social mobilization for conservation and protection of the environment. |
| Source- Press Information Bureau (PIB) |
 Uzbekistan Ambassador to India Farhod Arziev inaugurated a four-day international dance festival titled “Udbhav Utsav” in Gwalior, Madhya Pradesh. Dance troupes from Bulgaria, Turkey and Sri Lanka, apart from 25 teams from India, participated in the event. The dance festival was sponsored by the Greenwood group of schools. |
| Source- Business-Standard |
 The 27th IAEA Fusion Energy Conference (FEC 2018) has started in Gandhinagar, Gujarat. The FEC 2018 aims to provide a forum for the discussion of key physics and technology issues as well as innovative concepts of direct relevance to the use of nuclear fusion as a source of energy. The International Atomic Energy Agency (IAEA) fosters the exchange of scientific and technical results in nuclear fusion research and development through its series of Fusion Energy Conferences. |
| Source- iaea.org |
 Paytm has launched a QR-based smartphone payment settlement service in Japan in collaboration with SoftBank and Yahoo Japan Corporation. it is a smartphone-based settlement service that allows users to store money from a bank account in their ‘PayPay’wallet and make payments with it. Paytm stated that it is built around its QRtech which it has deployed in India to allow customers to make offline payments. Paytm is also offering a ‘cashback’ to users of PayPay in Japan. |
| Source- Business Today |
 Tata Consultancy Services (TCS) is the only Indian company among top 10 firms to get foreign labour certification for the H-1B visas for the fiscal year 2018, according to data from the US Department of Labour. The H-1B visas are the most sought-after among Indian IT professionals.The visa programme allows employers to temporarily employ foreign workers in the US on a non-immigrant basis in specialty occupations or as fashion models of distinguished merit and ability. London-headquartered Earnest and Young, a multinational professional services firm, has emerged as the top employer to have received the certification. |
| Source- The Livemint |
 A contingent of the Russian Army arrived in Pakistan to participate in joint training exercise ‘Druzhba-III’. According to the Inter-Services Public Relations (ISPR), this will be the third joint military drill between Islamabad and Moscow under the bilateral training cooperation agreement. Russia and Pakistan have been holding the “Friendship” drills since 2016. In October 2016, they held their first-ever joint military exercise in Pakistan. |
| Source- The Tribune |
 China has opened the longest sea-crossing bridge ever built, nine years after construction began. The Hong Kong-Zhuhai-Macau Bridge connects Hong Kong and Macau to the mainland Chinese city of Zhuhai. The $20-billion bridge spans 55 kilometers. The bridge, designed to withstand earthquakes and typhoons, has been built using 400,000 tonnes of steel, enough to build 60 Eiffel Towers. Estimates suggest the bridge will be in use for 120 years but there are likely to be restrictions on usage. |
| Source- BBC |
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