August 2022

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Financial Assistance of India to Palestine: UPSC Daily Important Topic | 18 August 2022

Financial Assistance of India to Palestine ✓India has so far extended budgetary and project support of US$ 60 million to Palestine.  During the visit of President Abbas to India in the year 2008, India announced a grant of US$ 10 million as budgetary support and this was transferred to Palestine in March 2009.During the visit

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BRO to build first steel slag road in Arunachal Pradesh

BRO to build first steel slag road in Arunachal Pradesh

The Border Road Organization (BRO) will construct a pilot road using steel slag Arunachal Pradesh, which can withstand heavy rains and adverse climatic conditions. If this found successful, then this can become a big solution for building durable roads along the strategic areas. This project has been initiated after the success of using 100% steel slag on a port connectivity road in Gujarat, which

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Sikkim launched schemes for women’s welfare

Sikkim launched schemes for women’s welfare

Sikkim Chief Minister, P S Tamang has launched two welfare schemes for women – ‘Aama Yojana’ and ‘Vatsalya Yojana’. Aama Yojana: All unemployed mothers in the state will receive Rs 20,000 annually. Amount will be deposited in their bank accounts. Vatsalya Yojana: An aid of Rs 3 lakh will be provided to childless women for in vitro fertilization treatment. The amount will be given in

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Rajkiran Rai named as new MD of NaBFID

Rajkiran Rai named as new MD of NaBFID

The Centre and the board of the National Bank for Financing Infrastructure and Development (NaBFID) has appointed Rajkiran Rai G as its managing director (MD) for the next five years. The board of NaBFID approved Rai’s appointment on July 30 based on clearance by the RBI, centre and the Development finance institutions (DFI) nomination and remuneration committee. Rai took charge as the DFI’s

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Yes Bank partners with SellerApp to facilitate adoption of ONDC

Yes Bank partners with SellerApp to facilitate adoption of ONDC

Yes Bank has announced its partnership with SellerApp (a seller-centric intelligence platform) to adopt Open Network Digital Commerce (ONDC). This partnership will help them to expand their digital commerce footprint. ONDC is a strategic initiative of the Indian government with an aim to democratize the entire digital commerce space. The network is also being built as an alternative to e-tailers like Walmart-owned Flipkart and Amazon

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Bank of Baroda introduce new deposit products

Bank of Baroda introduce new deposit products

Bank of Baroda (BoB) has launched the ‘Baroda Tiranga Deposit Scheme’, a special retail term deposit product that offers interest rates of 5.75% for 444 days and 6% for 555 days. This scheme is applicable on retail deposits below ₹2 crore and remain in force till December 31, 2022. Senior citizens will earn an additional interest rate of 0.50%, while non-callable deposits will get 0.15%

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