RBI launches video-based identification process for KYC
The Reserve Bank of India has launched Aadhaar-based Video Customer Identification Process (V-CIP) to allow banks and other lenders to remotely complete KYC of customers on videos. The central bank has allowed video-based KYC (Know Your Customer) as an option to establish a customer’s identity. The V-CIP, which will be consent-based, will make it easier
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World Bank cuts India’s FY20 growth estimates to 5%
World Bank cut its India’s growth forecasr for financial year 2020 to 5% from the estimated growth of 6% earlier. The multilateral development lender also expects India’s growth to pick up slightly to 5.8 per cent in the next fiscal. World Bank’s Global Economic Prospects report stated weakness in credit from non-banking financial companies (NBFCs)
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Zero Budget Natural Farming in Andhra Pradesh
Andhra Pradesh State government signed a Memorandum of Understanding (MoU) with German firm KFW regarding Zero Budget Natural Farming (ZBNF). Agriculture Minister launched a toll-free number 1800 599 3366 for enquiries and to provide information on the insurance scheme launched by the government for the farmers. Daily Current Affairs Quiz 2020 Zero Budget Natural Farming
FAC has approved the Green Credit Scheme
The Forest Advisory Committee (FAC) has approved the Green Credit Scheme. It will allow the Forest Department to outsource the responsibility of reforesting to non-government agencies, if implemented. This scheme will encourage plantation by individuals outside the traditional forest area and will help in meeting international commitments such as Sustainable Development Goals and Nationally Determined
HDFC Bank launches myApps to boost digital payments
HDFC Bank has launched myApps application to boost digital payments in India. This is a unique customised suite of banking products to benefit urban local bodies, housing societies, local clubs and gymkhanas and religious institutions. In a first, HDFC bank is helping organisations to entirely digitise their ecosystem through myApps. Daily Current Affairs Quiz 2020
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Kerala govt announces wage subsidy scheme for new ventures
Kerala chief minister unveiled a set of path-breaking initiatives that will enhance the ease of doing business in the state including a wage subsidy scheme for the first five years for new ventures getting registered from April 1, 2020. Inaugurating the two-day ASCEND Kerala 2020 global investors meet, organised by the state department of industries,
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Census India 2021 will begin on 1 April
Census India 2021 will begin on 1 April and will end on 30 September 2020 where the census officers visiting households will ask citizens for information regarding toilets in their homes, TV, internet, vehicles they own, source of drinking water, mobile number (of the head of the family) etc. The central government will also carry
8th MSME International Trade Fair in Bhubaneswar
Odisha Chief Minister Naveen Patnaik inaugurated the 8th edition of Odisha Micro, Small and Medium Enterprises (MSME) International Trade Fair 2020 in Bhubaneswar. The event is being organised by the MSME department through Directorate Industries, Directorate of Export Promotion and Marketing and Odisha Small Industries Corporation in partnership with the National Small Industries Corporation and
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City of Destiny Gearing Up to Host MILAN 2020
City of Destiny Visakhapatnam is gearing up to host another International Naval event ‘MILAN’ in March 2020. With about two months to the mega event, the preparations were reviewed at the Eastern Naval Command (ENC) by Vice Admiral SN Ghormade, Chief of Staff ENC on 07 January 2020. Daily Current Affairs Quiz 2020 MILAN 2020