Current Affairs August 2022

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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Karnataka Bank launches new Term Deposit Scheme KBL Amrit Samriddhi

Karnataka Bank has launched a new Term Deposit Scheme, KBL Amrit Samriddhi under ACC and Fixed Deposit for a tenure of 75 weeks (525 days), will be available for a limited time. The interest rate for this Deposit Scheme is 6.10% per annum. With the new product, KBL Amrit Samriddhi, the bank has extended the benefit of increase in the

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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

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 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 (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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Indian Railways launches Operation Yatri Suraksha

The Railway Protection Force (RPF) launched a pan-India operation known as Operation Yatri Suraksha to provide round-the-clock security to passengers. It facilities surveillance through CCTV, checking on active criminals, presence of a person at different stations to reduce crime. The RPF has launched a month-long pan-India drive against criminals who loot passengers in July 2022. The RPF caught 365 suspects who

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Ireland’s Kevin O’Brien announces retirement from International Cricket

Ireland all-rounder Kevin O’Brien on Tuesday announced his retirement from international cricket after falling out of contention for this year’s T20 World Cup in Australia. O’Brien played three Tests, 153 one-day internationals and 110 T20 internationals during a 16-year international career and had spells with a number of English county clubs and T20 franchise sides around the world. The 38-year-old famously blasted

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Former BCCI Secretary Amitabh Choudhary passes away

Amitabh Chaudhary, the former BCCI acting secretary and president of Jharkhand State Cricket Association (JSCA) died of heart attack on Tuesday morning.He was 58. He served as acting secretary of the BCCI until 2019. He entered cricket administration in 2004 and served as the Jharkhand State Cricket Association (JSCA) president for over a decade. Career of Amitabh Chaudhary: Choudhary

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IRDAI conducts First Hackathon named Bima Manthan 2022

Insurance Regulatory and Development Authority of India has organized its first hackathon named “Bima Manthan 2022”. Theme: Innovation in Insurance Aim: To identify and develop solutions that have the potential to make the insurance available to every individual. Problem areas: Automated Death Claim settlement, miss-selling of Insurance products, identify uninsured motor vehicles, distribution of insurance products, Fraud prevention in

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