January 7, 2020 -

RBI revises supervisory framework for Urban Co-operative Bank

January 7, 2020

The Reserve Bank of India has revised its supervisory framework for Urban Co-operative Banks (UCBs). The revised framework aims to expedite resolution of UCBs experiencing financial stress. The revised framework stipulates the thresholds for various parameters that could trigger a corrective action by the UCBs or a supervisory action by the central bank. A UCB …

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Shivalik Mercantile Co-op. Bank Ltd gets RBI’s approval to become SFB

January 7, 2020

The Reserve Bank of India (RBI) has granted “in-principle” approval to Shivalik Mercantile Co-operative Bank Limited for transition into a Small Finance Bank (SFB). The transition into a SFB will be under the “Scheme on voluntary transition of Urban Co-operative Bank into a Small Finance Bank” issued on September 27, 2018. The “in-principle” approval granted …

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Kochi to host Global Investors Meet: ASCEND 2020

January 7, 2020

Kochi, Kerala will host the Global Investors Meet: ASCEND 2020. ASCEND 2020 will showcase 18 mega projects with over Rs 100 crore investment each and offering direct employment to over 9,000 people. The projects include: Kochi-to-Palakkad integrated manufacturing cluster, an electronic hardware park in Ernakulam district, integrated solid-waste management systems in Thiruvananthapuram, Thrissur and Malappuram, …

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Uber ties up with Hyundai to develop electric air taxis

January 7, 2020

Uber Technologies Inc and automaker Hyundai Motor have teamed up to develop electric air taxis. The partnership aims to make small self-flying cars to ease urban congestion. The team is heading towards a goal of launching Uber Air by 2023 and urban air mobility service in 2028. Hyundai is the first carmaker to join Uber’s …

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CISF to observe 2020 as ‘year of mobility’

January 7, 2020

The Central Industrial Security Force (CISF) will observe 2020 as the ‘year of mobility’ that will have a special focus on the creation of more residential units and implementation of various welfare measures for the troops. In the year 2020, the Central Industrial Security Force (CISF) will aim at creating an infrastructure for their families. …

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Journalists’ Day celebrated on 6th January in Maharashtra

January 7, 2020

Journalists’ Day is being celebrated on 6th of January every year in the state of Maharashtra. The day is celebrated in the memory of late thespian journalist Balshashtri Jambhekar. Balshastri Jambhekar, is also known as ‘The Father of Marathi Journalism’, for his efforts in starting journalism in Marathi language. Important takeaways for all competitive exams: …

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Challakere to be ISRO’s astronaut training hub

January 7, 2020

The Indian Space Research Organisation (ISRO) has proposed Human Space Flight Centre (HSFC) at Challakere in Chitradurga district of Karnataka. The facility is expected to become operational in 3 years. ISRO aims to establish a self-contained training facility here. At present, astronauts part of Gaganyaan Mission, the Human Spaceflight Programme of ISRO are trained …

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United States officially launches “US Space Force”

January 7, 2020

United States President Donald Trump has signed the 2020 National Defense Authorization Act. With the signing of the act, US has authorised the establishment of US Space Force. The US Space Force will become the 6th branch of the armed forces. Space Force would become the youngest US military branch, and the first new service …

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Kochi to host global meet on marine ecosystem MECOS-3

January 7, 2020

Kochi will host the 3rd international symposium on marine ecosystems challenges and opportunities (MECOS-3) from January 7 to 10. This symposium will be organised by the Marine Biological Association of India. Eminent marine scientists, oceanographers, fisheries researchers and marine biotechnologists from across the globe are expected to participate in the third international symposium on (MECOS-3). …

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Leo Carter becomes 7th cricketer to hit six 6s in an over

January 7, 2020

New Zealand‘s batsman Leo Carter has become the seventh batsman in the history of cricket to smash six 6s in an over. He achieved the feat in New Zealand’s domestic T20 tournament Super Smash. Representing Canterbury, he smashed Knight’s bowler Anton Devcich for six 6s in the 16th over of the innings. Other 6 players …

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Daily Archives: January 7, 2020

RBI revises supervisory framework for Urban Co-operative Bank

Shivalik Mercantile Co-op. Bank Ltd gets RBI’s approval to become SFB

Kochi to host Global Investors Meet: ASCEND 2020

Uber ties up with Hyundai to develop electric air taxis

CISF to observe 2020 as ‘year of mobility’

Journalists’ Day celebrated on 6th January in Maharashtra

Challakere to be ISRO’s astronaut training hub

United States officially launches “US Space Force”

Kochi to host global meet on marine ecosystem MECOS-3

Leo Carter becomes 7th cricketer to hit six 6s in an over

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