May 2022

C-CAMP signs MoU with CFTRI to promote innovation in agriculture

C-CAMP signs MoU with CFTRI to promote innovation in agriculture

The Centre for Cellular and Molecular Platforms (C-CAMP) has signed an MoU with the Centre for Food Technological Research Institute (CFTRI) to foster innovation in agriculture. The agreement will initiate a joint effort in nurturing deep-science innovation in agriculture, food technology, and allied areas toward sustainability and food security in India’s agriculture sector. C-CAMP is India’s premier bio-innovation hub.

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Preeti Shenoy's new novel, 'A Place Called Home' to be publish in June 22

Preeti Shenoy’s new novel, ‘A Place Called Home’ to be publish in June 22

Renowned author Preeti Shenoy is set to publish a new novel titled “A Place Called Home”. The book published by HarperCollins Publishers India.  The novel is about secrets, family, and finding yourself. A story set in a coffee estate in Sakleshpur, Karnataka with a strong female protagonist at its core. Other Books of Preeti Shenoy: The Magic Mindset, When Love Came Calling,

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FDI inflow at all-time high of $83.57 bn in 2021-22

FDI inflow at all-time high of $83.57 bn in 2021-22

As per the Ministry of Commerce and Industry, India has recorded the “highest ever” annual FDI inflow of USD 83.57 billion in 2021-22. In 2020-21, the inflow stood at USD 81.97 billion. FDI equity inflow in manufacturing sectors has increased by 76% in 2021-22 (USD 21.34 bn) compared to 2020-21. Top investors: Singapore (27%); USA (18%) and Mauritius (16%)  Computer software and hardware attracted maximum inflows

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RBI decides to give ₹30,307 cr FY22 dividend to Centre

RBI decides to give ₹30,307 cr FY22 dividend to Centre

The RBI has approved a dividend payment of Rs. 30,307 crore to the Centre for the fiscal year 2021-22. The bank’s central board of directors also decided to maintain the contingency risk buffer (CRB) at 5.50%. In the 2022 budget, the government had estimated that it would receive Rs. 73,948 crore as dividend from the RBI and state-owned banks for FY22. The budgeted dividend is 27% lower

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Paytm sets up general insurance JV, plans to invest ₹950 cr in 10 years

Paytm sets up general insurance JV, plans to invest ₹950 cr in 10 years

Paytm has announced a Joint Venture general insurance company named as Paytm General Insurance Ltd (PGIL). Paytm parent One97 Communications said it has formed a joint venture general insurance company in which it plans to invest ₹950 crore in 10 years and to hold upfront equity stake of 74 per cent. PGIL will become a subsidiary of the Paytm. PGIL will seek

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RBL Bank ties up with Amazon Pay to offer UPI payment services

RBL Bank ties up with Amazon Pay to offer UPI payment services

RBL Bank has tied up with Amazon Web Services to offer UPI payments. The bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions. With this integration, Amazon Pay will issue NPCI’s allocated UPI ID with the handle @rapl to RBL Bank. The partnership will allow the bank to tap Amazon Pay’s growing customer base and transaction volumes.

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