July 2022 | Page 10 of 44

RBI approves Open, Cashfree Payments, PayNearby and Fairexpay for Cross-Border Payments

The Reserve Bank of India gave the go-ahead to Open, Cashfree Payments, PayNearby & Fairexpay, providers of payments and API banking solutions, for its cross-border payments offering. Cross-border payments are the focus of the Reserve Bank of India’s (RBI) announcement about the Second Cohort’s release from the Regulatory Sandbox. The reserve bank chose four of the eight entities that […]

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Noted scientist and director ILS, Ajay Parida passes away

Noted scientist and director of the Institute of Life Sciences (ILS), Dr Ajay Kumar Parida has passed away at the age of 58. He was awarded the Padma Shri Award by the President of India in 2014 for his outstanding contribution in the field of Science and Engineering. He had also served as an Executive Director in M. S.

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Tata Projects appoints Vinayak Pai as managing director

Vinayak Pai has been named as the managing director of TATA Projects, the company announced. Vinayak Deshpande, who had been in charge of operations for more than 11 years, had been replaced by Pai. Pai has worked with top engineering and EPC firms for more than three decades, holding significant positions on teams that worked on engineering design, technology licencing, project

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Bajaj Allianz launches Pay As You Consume motor insurance add-on cover

Bajaj Allianz General Insurance has announced the launch of its add-on motor insurance cover, called ‘Pay As You Consume’ (PAYC). It is a usage-based motor insurance add-on cover, can be opted by the customer along with the basic Own Damage (OD plan) under Package Product, Bundled and Standalone OD cover. Customers can choose coverage based on their vehicle usage,

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Indian-American professor, Kaushik Rajashekara wins Global Energy Prize

Kaushik Rajashekara, Distinguished Professor of Engineering at the University of Houston has been awarded the most coveted prize in the field of international energy – the Global Energy Prize bestowed by the Global Energy Association. He is an Indian-origin professor of engineering at the University of Houston. Only three people in the world were selected for the honor

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Kamal Haasan honoured by the UAE, obtains a Golden Visa

Superstar Kamal Haasan received the prestigious Golden Visa from the UAE government on July 21. The actor took to Twitter to thank Emirates officials for granting him the UAE’s Golden Visa. He also shared pictures of the officials handing him the Golden Visa. The Golden Visa has been given to others besides actor Kamal Hasan. Actors Nasser,

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NITI Aayog: India’s R&D expenditures one of the lowest worldwide

According to a report by the government think tank NITI Aayog and the Institute for Competitiveness, India has among of the lowest R&D expenditures worldwide. In fact, R&D spending in India has decreased, falling from 0.8 per cent of GDP in 2008-09 to 0.7 per cent in 2017-18. According to data, India has a lower GERD than

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Aaykar Diwas or Income Tax Day celebrated by CBDT on July 24

The Central Board of Direct Taxes (CBDT) observed the 162nd Income Tax Day (also known as Aaykar Diwas) on 24 July 2022. The purpose of this tax was to compensate for the losses incurred by the British regime during the first war of independence against British Rule in 1857. The day was first celebrated in 2010. Static/Current Takeaways Important

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Suriya and Ajay Devgn won the 68th National Film Awards Best Actor award

Actor Suriya (Soorarai Pottru) and Ajay Devgn ( Tanhaji: The Unsung Warrior) have won the 68th National Film Awards 2022 for the best actor. Aparna Balamurali has been named as the best actor in the female category for her film ‘Soorarai Pottru.’ Other awards: Best Feature Film: Soorarai Pottru Best Director: Sachidanandan KR, Ayyappanum Koshiyum Best Feature Film in Hindi: Toolsidas Junior Most Film-Friendly

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Burhanpur, MP becomes first certified Har Ghar Jal district of the country

Burhanpur, Madhya Pradesh becomes the first certified Har Ghar Jal district in India, where all people have access to safe drinking water through taps. At the time of the launch of Jal Jeevan Mission, the district had only 36.54% households can accessed the potable drinking water through tap connections. Jal Jeevan Mission: Launched: 15th August 2019 Aim: Supply

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