June 2022

Airtel Payments Bank offer gold loans in partnership with Muthoot Finance

Airtel Payments Bank offer gold loans in partnership with Muthoot Finance

Airtel Payments Bank has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app. There will be no-processing charge on the loan. Muthoot Finance will provide up to 75% of the pledged gold value as a loan. The loan facility will be available at the 5 lakh banking points for Airtel Payments Bank. Gold Loans are secured loans that can be availed to

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India successfully test-fired Nuclear-capable Agni-4 Ballistic Missile

India successfully test-fired Nuclear-capable Agni-4 Ballistic Missile

India has successfully test- fired a nuclear-capable Agni-IV ballistic missile from APJ Abdul Kalam Island in Odisha. Agni-IV can strike targets 4,000 km away. This missile is the fourth in the Agni series of missiles which is earlier known as Agni II prime. This missile was designed by the Defence Research and Development Organisation (DRDO) and manufactured by the Bharat Dynamics Limited. Length

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Amazon, Manipur Handloom & Handicrafts Development Corporation sign MoU

Amazon, Manipur Handloom & Handicrafts Development Corporation sign MoU

Manipur Handloom & Handicrafts Development Corporation (MHHDC) has signed a pact with Amazon for providing an e-market platform for traditional handloom and handicraft items. Both representatives, signed the MoU at the opening function of Manipur Heritage Expo, 2022. As per the National Handloom Census Report, 2019, Manipur is a home of around 2.12 lakh handloom weavers, around 2.11 lakh

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Multinational Peacekeeping 'Ex Khaan Quest 2022' begins in Mongolia

Multinational Peacekeeping ‘Ex Khaan Quest 2022’ begins in Mongolia

A multinational peacekeeping exercise, ‘Ex Khaan Quest’ 2022 has started in Mongolia. 16 countries are taking part in this exercise including India. This exercise has been inaugurated by the President of Mongolia, Ukhnaagiin Khurelsukh. Indian Army is represented by a contingent from the Ladakh Scouts. Aim: Enhance interoperability, building military to military relationships, developing peace support operations and military

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DAC clears proposals worth Rs 76,390 crore to boost ‘Aatmanirbhar Bharat’

DAC clears proposals worth Rs 76,390 crore to boost ‘Aatmanirbhar Bharat’

Defence Acquisition Council (DAC) has accorded the Acceptance of Necessity (AoN) for Capital Acquisition Proposals of the Armed Forces amounting to Rs 76,390 crore. This will give boost to the Indian Defence Industry and reduce foreign spending significantly. The DAC meeting was headed by Defence Minister, Rajnath Singh. Indian Army: Rough Terrain Fork Lift Trucks, Bridge Laying Tanks, Wheeled Armoured

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RBI releases provisioning norms for upper-layer NBFCs

RBI releases provisioning norms for upper-layer NBFCs

The Reserve Bank of India (RBI) has released the provisioning guidelines for outstanding loans extended by ‘NBFC-Upper Layer’. These guidelines shall be effective from October 1, 2022. Individual housing loans and loans to Small and Micro Enterprises (SMEs): 0.25%. Housing loans extended at teaser rates: 2% (decrease to 0.4% after 1 year from the date on which the rates are raised.)

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Satish Pai named as the new chairman of International Aluminium Institute

Satish Pai named as the new chairman of International Aluminium Institute

Hindalco Industries MD Satish Pai has been appointed the new chairman of the International Aluminium Institute (IAI), the body representing the global primary aluminium industry. Earlier serving as vice-chairman, he succeeds Ben Kahrs, chief innovation officer, Alcoa Corporation. An engineer by education and profession, Satish earlier worked with Schlumberger, based out of Paris, where he was

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Andhra Pradesh launched ‘14400 app’ to report corrupt officials

Andhra Pradesh launched ‘14400 app’ to report corrupt officials

Andhra Pradesh Chief Minister Jagan Mohan Reddy launched the ‘14400’ app. Through the app, developed by the Anti-Corruption Bureau (ACB), people can lodge corruption-related complaints against officials in the State. This app also aims to ensure fool-proof evidence to present before the court. A complaint can be filed through a toll-free number 14400. How does the app work? Earlier, people could file

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