Google Cloud partners with HDFC ERGO to digitise insurance buying in India<\/a><\/h3>\n\n\n\n![\"Google](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/Google-Cloud-partners-with-HDFC-ERGO-to-digitise-insurance-buying-in-India.jpg\")
<\/figure>\n\n\n\nGoogle Cloud partners with HDFC ERGO to digitise insurance buying in India:<\/strong> HDFC ERGO General Insurance, one of India\u2019s leading insurance companies, announced it is partnering with Google Cloud to create a technology platform that will help digitize insurance purchasing and service in the country. Cloud computing division of Google has been partnered with HDFC ERGO General Insurance to build a platform that will help digitize the buying and servicing of insurance in India.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nHDFC ERGO will launch\u00a0innovative insurance products. HDFC ERGO\u00a0aims to fully migrate to the cloud by 2024. At present, nearly 93% of its retail policies are issued digitally and almost 40% of its customer requests are serviced virtually.\u00a0<\/p>\n\n\n\n
Karnataka Bank becomes part of Khajane II IFMS<\/a><\/h3>\n\n\n\n![\"Karnataka](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/Karnataka-Bank-becomes-part-of-Khajane-II-IFMS.jpg\")
<\/figure>\n\n\n\nKarnataka Bank becomes part of Khajane II IFMS: <\/strong>Karnataka Bank has now become the participant of the Treasury Department\u2019s Khajane-II (K2) integrated financial management system (IFMS).<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nReason: For implementing the Single Nodal Agency (SNA) account system for Centrally Sponsored Schemes (CSS).<\/p>\n\n\n\n
The bank will continue to engage and cooperate with the Government of Karnataka in implementing its numerous efforts to benefit the people through its technology and digital-led solutions.<\/p>\n\n\n\n
Reliance General Insurance, Policybazaar launch Reliance Health Gain Policy<\/a><\/h3>\n\n\n\n![\"Reliance](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/Reliance-General-Insurance-Policybazaar-launch-Reliance-Health-Gain-Policy.jpg\")
<\/figure>\n\n\n\nReliance General Insurance, Policybazaar launch Reliance Health Gain Policy: <\/strong>Reliance General Insurance and Policybazaar have jointly launched Reliance Health Gain Policy. The company looks optimistic with the launch as one of its officials said that offering Reliance Health Gain Policy on Policybazaar will enable us to make our most flexible health insurance product accessible to a larger population and present them with the freedom of choice.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nThis policy gives its customers the freedom to choose and personalise their health policies as per their requirements. To make accessible to all, the product is\u00a0being live on digital distribution channel, Policybazaar. This policy is\u00a0available in \u2013 Plus, Power and Prime. This plan will\u00a0cater to the needs of a small family of 2 as well as a larger one of 12.<\/p>\n\n\n\n
IDFC FIRST Bank joins the Open Network for Digital Commerce (ONDC)<\/a><\/h3>\n\n\n\n![\"IDFC](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/IDFC-FIRST-Bank-joins-the-Open-Network-for-Digital-Commerce-ONDC.jpg\")
<\/figure>\n\n\n\nIDFC FIRST Bank joins the Open Network for Digital Commerce: <\/strong>IDFC First Bank has signed up as participant in the Open Network for Digital Commerce (ONDC), an initiative of ministry of commerce and industry.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nThe bank has enabled a platform for buyers, that\u00a0help them to discover sellers in the ONDC network. The bank has started onboarding small merchants, who are its current account customers,\u00a0on to a partner app registered with ONDC. The app is expected to\u00a0help small merchants carry out transactions over ONDC\u2019s electronic network.<\/p>\n\n\n\n
ESAF Bank launches \u2018rainbow account\u2019 for transgender community<\/a><\/h3>\n\n\n\n![\"ESAF](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/ESAF-Bank-launches-rainbow-account-for-transgender-community.jpg\")
<\/figure>\n\n\n\nESAF Bank launches \u2018rainbow account\u2019 for transgender community: <\/strong>ESAF Small Finance Bank Ltd has launched a \u2018Rainbow Savings Account\u2019 for the transgender community. This bank account offer a host of features, including high savings rate and advanced debit card facilities.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nIn 2015, the Reserve Bank of India has directed banks to\u00a0include a separate column \u2018third gender\u2019 in all their forms and applications. The savings habit of the marginalised community will contribute heavily to the\u00a0growth of the economy as a whole.<\/p>\n\n\n\n
Ombudsman disposed of 32% more complaints against insurers in 2021-22<\/a><\/h3>\n\n\n\n![\"Ombudsman](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/Ombudsman-disposed-of-32-more-complaints-against-insurers-in-2021-22.jpg\")
<\/figcaption><\/figure>\n\n\n\nOmbudsman disposed of 32% more complaints against insurers in 2021-22:<\/strong> The Insurance ombudsman has disposed of 40,527 complaints against insurance firms across the country during 2021-22 as compared with 30,596 in 2020-21. The complaints relating to health insurance made up a third of the total number cases disposed of by ombudsmen in 2020-21.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nOmbudsman:<\/strong><\/p>\n\n\n\n- An alternative mode of settling insurance disputes.<\/li>
- It was constituted under rules framed by the finance ministry in 2017.<\/li>
- At present, 17 Insurance Ombudsman in different locations.<\/li><\/ul>\n\n\n\n
RBI selected Precision and HDFC Bank for retail payments test phase<\/a><\/h3>\n\n\n\n![\"RBI](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/RBI-selected-Precision-and-HDFC-Bank-for-retail-payments-test-phase.jpg\")
<\/figure>\n\n\n\nRBI selected Precision and HDFC Bank for retail payments test phase:<\/strong> RBI has selected HDFC Bank and Precision Biometric India for testing their \u2018on tap\u2019 retail payments applications under the regulatory sandbox scheme.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nRegulatory sandbox:<\/strong><\/p>\n\n\n\nIt refers to\u00a0live testing of new products\u00a0or services in a controlled\/test regulatory environment. For this regulators permit\u00a0certain relaxations for the limited purpose of the testing. It allows the regulator, innovators, financial service providers and customers to\u00a0conduct field tests.<\/p>\n\n\n\n
Digital currency to reduce time, cost for cross-border transactions<\/a><\/h3>\n\n\n\n![\"Digital](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/Digital-currency-to-reduce-time-cost-for-cross-border-transactions.jpg\")
<\/figure>\n\n\n\nDigital currency to reduce time, cost for cross-border transactions:<\/strong> RBI Deputy Governor, T Rabi Sankar has announced that, government will launch Central bank digital currency (CBDC) by the end of 2022.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nThe RBI will launch digital currency on a pilot basis in 2022. In Budget for 2022-23, the finance minister had said the RBI would roll out a digital equivalent to the rupee.<\/p>\n\n\n\n
Benefit: CBDC could become a tool for reducing time and cost for cross-border transactions.<\/p>\n\n\n\n
Data Security Issue:\u00a0They are keep working on it on a continuous basis.<\/p>\n\n\n\n
Healthcare sector in India will grow to USD 50 billion by 2025<\/a><\/h3>\n\n\n\n![\"Healthcare](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/Healthcare-sector-in-India-will-grow-to-USD-50-billion-by-2025.png\")
<\/figure>\n\n\n\nHealthcare sector in India will grow to USD 50 billion by 2025: <\/strong>While addressing the 14th CII Global MedTech Summit, Science and Technology Minister, Dr Jitendra Singh has announced that Healthcare sector in India is expected grow to 50 billion dollar by 2025.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nIndia\u00a0aims to achieve 10 to 12% of the global market share\u00a0of the medical devices sector. The Indian healthcare system has\u00a0become more focused on innovation and technology. The govt also\u00a0aiming to increase their investment in digital healthcare tools in coming five years.<\/p>\n\n\n\n
DRDO and Indian Army successfully conducted six flight-tests of QRSAM<\/a><\/h3>\n\n\n\n![\"DRDO](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/DRDO-and-Indian-Army-successfully-conducted-six-flight-tests-of-QRSAM.jpg\")
<\/figure>\n\n\n\nDRDO and Indian Army successfully conducted six flight-tests of QRSAM: <\/strong>DRDO and Indian Army have successfully conducted six flight-tests of Quick Reaction Surface to Air Missile (QRSAM) system from Integrated Test Range, Chandipur off the Odisha coast.<\/p>\n\n\n\nSeptember 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\nAim: To check the pin-point accuracy of the weapon system with state-of-the-art guidance and control algorithms<\/p>\n\n\n\n
QRSAM:<\/strong><\/p>\n\n\n\n- It is a canister-based system.<\/li>
- It is stored and operated from specially designed compartments.<\/li>
- Range: 30 km (short-range SAM)<\/li>
- Altitude: up to 10 km<\/li><\/ul>\n\n\n\n
UPI transactions reached 657 Crore in August 2022<\/a><\/h3>\n\n\n\n![\"UPI](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/09\/UPI-transactions-reached-657-Crore-in-August-2022.jpg\")
<\/figure>\n\n\n\n
<\/figure>\n\n\n\nGoogle Cloud partners with HDFC ERGO to digitise insurance buying in India:<\/strong> HDFC ERGO General Insurance, one of India\u2019s leading insurance companies, announced it is partnering with Google Cloud to create a technology platform that will help digitize insurance purchasing and service in the country. Cloud computing division of Google has been partnered with HDFC ERGO General Insurance to build a platform that will help digitize the buying and servicing of insurance in India.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n HDFC ERGO will launch\u00a0innovative insurance products. HDFC ERGO\u00a0aims to fully migrate to the cloud by 2024. At present, nearly 93% of its retail policies are issued digitally and almost 40% of its customer requests are serviced virtually.\u00a0<\/p>\n\n\n\n Karnataka Bank becomes part of Khajane II IFMS: <\/strong>Karnataka Bank has now become the participant of the Treasury Department\u2019s Khajane-II (K2) integrated financial management system (IFMS).<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n Reason: For implementing the Single Nodal Agency (SNA) account system for Centrally Sponsored Schemes (CSS).<\/p>\n\n\n\n The bank will continue to engage and cooperate with the Government of Karnataka in implementing its numerous efforts to benefit the people through its technology and digital-led solutions.<\/p>\n\n\n\n Reliance General Insurance, Policybazaar launch Reliance Health Gain Policy: <\/strong>Reliance General Insurance and Policybazaar have jointly launched Reliance Health Gain Policy. The company looks optimistic with the launch as one of its officials said that offering Reliance Health Gain Policy on Policybazaar will enable us to make our most flexible health insurance product accessible to a larger population and present them with the freedom of choice.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n This policy gives its customers the freedom to choose and personalise their health policies as per their requirements. To make accessible to all, the product is\u00a0being live on digital distribution channel, Policybazaar. This policy is\u00a0available in \u2013 Plus, Power and Prime. This plan will\u00a0cater to the needs of a small family of 2 as well as a larger one of 12.<\/p>\n\n\n\n IDFC FIRST Bank joins the Open Network for Digital Commerce: <\/strong>IDFC First Bank has signed up as participant in the Open Network for Digital Commerce (ONDC), an initiative of ministry of commerce and industry.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n The bank has enabled a platform for buyers, that\u00a0help them to discover sellers in the ONDC network. The bank has started onboarding small merchants, who are its current account customers,\u00a0on to a partner app registered with ONDC. The app is expected to\u00a0help small merchants carry out transactions over ONDC\u2019s electronic network.<\/p>\n\n\n\n ESAF Bank launches \u2018rainbow account\u2019 for transgender community: <\/strong>ESAF Small Finance Bank Ltd has launched a \u2018Rainbow Savings Account\u2019 for the transgender community. This bank account offer a host of features, including high savings rate and advanced debit card facilities.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n In 2015, the Reserve Bank of India has directed banks to\u00a0include a separate column \u2018third gender\u2019 in all their forms and applications. The savings habit of the marginalised community will contribute heavily to the\u00a0growth of the economy as a whole.<\/p>\n\n\n\n Ombudsman disposed of 32% more complaints against insurers in 2021-22:<\/strong> The Insurance ombudsman has disposed of 40,527 complaints against insurance firms across the country during 2021-22 as compared with 30,596 in 2020-21. The complaints relating to health insurance made up a third of the total number cases disposed of by ombudsmen in 2020-21.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n Ombudsman:<\/strong><\/p>\n\n\n\n RBI selected Precision and HDFC Bank for retail payments test phase:<\/strong> RBI has selected HDFC Bank and Precision Biometric India for testing their \u2018on tap\u2019 retail payments applications under the regulatory sandbox scheme.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n Regulatory sandbox:<\/strong><\/p>\n\n\n\n It refers to\u00a0live testing of new products\u00a0or services in a controlled\/test regulatory environment. For this regulators permit\u00a0certain relaxations for the limited purpose of the testing. It allows the regulator, innovators, financial service providers and customers to\u00a0conduct field tests.<\/p>\n\n\n\n Digital currency to reduce time, cost for cross-border transactions:<\/strong> RBI Deputy Governor, T Rabi Sankar has announced that, government will launch Central bank digital currency (CBDC) by the end of 2022.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n The RBI will launch digital currency on a pilot basis in 2022. In Budget for 2022-23, the finance minister had said the RBI would roll out a digital equivalent to the rupee.<\/p>\n\n\n\n Benefit: CBDC could become a tool for reducing time and cost for cross-border transactions.<\/p>\n\n\n\n Data Security Issue:\u00a0They are keep working on it on a continuous basis.<\/p>\n\n\n\n Healthcare sector in India will grow to USD 50 billion by 2025: <\/strong>While addressing the 14th CII Global MedTech Summit, Science and Technology Minister, Dr Jitendra Singh has announced that Healthcare sector in India is expected grow to 50 billion dollar by 2025.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n India\u00a0aims to achieve 10 to 12% of the global market share\u00a0of the medical devices sector. The Indian healthcare system has\u00a0become more focused on innovation and technology. The govt also\u00a0aiming to increase their investment in digital healthcare tools in coming five years.<\/p>\n\n\n\n DRDO and Indian Army successfully conducted six flight-tests of QRSAM: <\/strong>DRDO and Indian Army have successfully conducted six flight-tests of Quick Reaction Surface to Air Missile (QRSAM) system from Integrated Test Range, Chandipur off the Odisha coast.<\/p>\n\n\n\n September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n Aim: To check the pin-point accuracy of the weapon system with state-of-the-art guidance and control algorithms<\/p>\n\n\n\n QRSAM:<\/strong><\/p>\n\n\n\nKarnataka Bank becomes part of Khajane II IFMS<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nReliance General Insurance, Policybazaar launch Reliance Health Gain Policy<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nIDFC FIRST Bank joins the Open Network for Digital Commerce (ONDC)<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nESAF Bank launches \u2018rainbow account\u2019 for transgender community<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nOmbudsman disposed of 32% more complaints against insurers in 2021-22<\/a><\/h3>\n\n\n\n
<\/figcaption><\/figure>\n\n\n\nRBI selected Precision and HDFC Bank for retail payments test phase<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nDigital currency to reduce time, cost for cross-border transactions<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nHealthcare sector in India will grow to USD 50 billion by 2025<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nDRDO and Indian Army successfully conducted six flight-tests of QRSAM<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nUPI transactions reached 657 Crore in August 2022<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\n