National News
INR 499-crore deal signed by Bharat Dynamics Ltd with Indian Air Force
BDL signed a contract with the Ministry of Defence for the manufacture and supply of Akash missiles to the IAF.
CMD of BDL stated that BDL is supplying Akash Missiles to the Indian Army and Indian Air Force.
Akash is a medium-range mobile surface-to-air missile (SAM) system, developed under India’s Integrated Guided MDP.
Quick Fact: BDL Headquarters: Hyderabad, India; BDL Chairman & MD: Commodore Siddharth Mishra (Retired).
Economy
Monetary penalty imposed on 14 banks by RBI for non-compliance
RBI imposed penalties on SBI, Bank of Baroda, IndusInd Bank, Bandhan Bank and 10 other lenders for contravention of various regulatory norms.
The penalty imposed on the 14 banks totals Rs 14.5 crore, with a maximum Rs 2 crore fine on Bank of Baroda.
The central bank imposed Rs 2 crore penalty on the Bank of Baroda, Rs 1 crore each on 12 other banks and Rs 50 lakh on the SBI.
Quick Fact: RBI 25th Governor: Shaktikanta Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
National News
MoU between Axis Bank and Indian Army to offer defence service salary package
Axis Bank signed an MOU with the Indian Army offering a defence service salary package under its ‘Power Salute’ initiative.
The package would offer different benefits to all ranks of army officers including serving Defence personnel and pensioners.
The bank will offer Personal accidental cover, education grant, Permanent and permanent partial Disability Cover and air accident cover.
Quick Fact: Axis Bank Headquarters: Mumbai; Axis Bank Founded: 1993; Axis Bank MD and CEO: Amitabh Chaudhry.
Miscellaneous
Bancassurance partnership between Axis Bank and Max Bupa Health Insurance
Max Bupa Health Insurance has entered into a bancassurance partnership with Axis Bank, the country’s third-largest private sector bank.
This partnership will help provide comprehensive health insurance solutions to Axis Bank’s employees and customers.
The tie-up will enable Axis Bank customers across 4,500+ branches to gain access to quality healthcare solutions offered by Max Bupa.
Quick Fact: Max Bupa Health Insurance CEO: Krishnan Ramachandran; Max Bupa Health Insurance Headquarters: New Delhi, India.
National News
46 Kempegowda heritage sites to be developed by Karnataka Govt. in Bengaluru
The Karnataka state government decided to develop 46 Kempegowda heritage sites in a bid to promote tourism.
According to the Karnataka CM, the sites identified to be in three circuits would be developed at a cost of Rs 223 crore.
These sites would help people acknowledge the contribution of NadaPrabhu Kempegowda, the founding father of Bengaluru.
Quick Fact: Karnataka Capital: Bengaluru; Karnataka Chief minister: B. S. Yediyurappa.
National News
First passenger train reaches Manipur marking it on India’s railway map
A passenger train, Rajdhani Express, reached Manipur’s Vaingaichunpao railway station from Assam’s Silchar railway station for a trial run.
The train covered the distance of 11 km between the two northeastern stations, with railway officials onboard.
The Vaingaichunpao-Imphal railway line is under construction, and on completion, would be the longest railway tunnel near Imphal.
Quick Fact: Manipur CM: N. Biren Singh; Governor: Najma Heptulla.
Person in News
Manu Sawhney released as CEO from ICC
The ICC discontinued the services of Manu Sawhney as the CEO with immediate effect.
Geoff Allardice will continue as Acting CEO supported by the Leadership Team working closely with the ICC Board.
Sawhney was suspended in March following various allegations in an internal review conducted by an external agency.
Quick Fact: ICC Headquarters: Dubai, United Arab Emirates; ICC Founded: 15 June 1909; ICC Deputy Chairman: Imran Khwaja; ICC Chairman: Greg Barclay.
Literature
‘The Pregnancy Bible’ introduced by Kareena Kapoor Khan
Kareena Kapoor Khan announced her new book titled Kareena Kapoor Khan’s Pregnancy Bible.
The actor called the book her ‘third child’.
She has shared her pregnancy experience in the book.
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