Current Affairs August 2022

PNB HFC increases its Unnati portfolio to offer affordable loans

PNB HFC increases its Unnati portfolio to offer affordable loans

PNB Housing Finance has revamped its ‘Unnati’ loan portfolio to offer affordable housing loans of ₹9-12 lakh to target customers. PNB Housing has created a small vertical under Unnati which will be different from existing ₹18-19 lakh as affordable housing loans. In the June quarter, PNB HFC has already opened 10 more branches. PNB HFC: HQ: New Delhi MD &

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SPARK: New Virtual Space Museum Launched By ISRO

SPARK: New Virtual Space Museum Launched By ISRO

The Indian Space Research Organisation (ISRO) has launched a 3D virtual space tech park called SPARK. Celebrating ‘Azadi Ka Amrit Mahotsav’ marking the 75th year of Independence, ISRO inaugurated the virtual park containing information regarding its various missions. The digital platform known as the ‘SPARK’ space museum was launched by the Chairman of ISRO, S Somnath. Key points

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Axis Bank launches Axis Receivables Suite

Axis Bank launches Axis Receivables Suite

Axis Bank becomes the first Indian bank to launch Axis Receivables Suite (ARS), an innovative Cash Management proposition. Aim: Simplifies Receivables reconciliation, accelerates cash flow, enhances the client experience and reduces the cost of doing business. ARS is an end-to-end proposition to automate the reconciliation of receivables against sales invoices raised by clients. Benefit for Clients: Know about payments, real-time control over

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India’s home loan market expected to double in 5 years: SBI report

India’s home loan market expected to double in 5 years: SBI report

According to State Bank of India’s economic research report “Ecowrap”, India’s home loan market is currently valued at about ₹24 lakh crore and it is expected to double (₹48 lakh crore) in the next 5 years. The share of ‘Housing Loans’ in ‘Bank Credit’ has increased to 14.4% in June 2022 from 13.1% in March 2020. The total home loan portfolio

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Cabinet approves India-Australia pact to promote co-production of films

Cabinet approves India-Australia pact to promote co-production of films

The Union Cabinet has approved the signing of an audio-visual (AV) co-production treaty between India and Australia to promote co-production of films. Under this umbrella agreements, private, quasi-government or governmental agencies enter contracts to produce films together. So far, India has has signed 15 audio visual co-production treaties with foreign countries. Australia has emerged as a preferred destination for shooting

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Telangana launches ‘Nethanna Ku Bima’ Scheme for weavers

Telangana launches ‘Nethanna Ku Bima’ Scheme for weavers

Telangana Government has launched ‘Nethanna Ku Bima’ Scheme, an insurance scheme, which covers handloom and powerloom weavers in the State. This scheme was launched by Telangana Handlooms Minister, KT Rama Rao virtually on the occasion of National Handloom Day. The insurance coverage scheme will be implemented in association with LIC. In case of natural or accidental death of a weaver, Rs.

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International Day of the World’s Indigenous Peoples: 09 August

International Day of the World’s Indigenous Peoples: 09 August

On 23 December 1994, the United Nations General Assembly decided, in its resolution 49/214, that the International Day of the World’s Indigenous People shall be observed on 9 August every year. The date marks the first meeting, in 1982, of the UN Working Group on Indigenous Populations. International Day of the World’s Indigenous Peoples 2022: Theme The

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