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Monthly Archives: January 2021

January, 2021 - - Part 24_5.1

Khelo India Ice Hockey Tournament begins in Chiktan, Kargil

Khelo India Ice Hockey Tournament organised at Chiktan in Kàrgil, Ladakh. For the first time, the women team of Chiktan also participated in the Khelo India Games in Kargil district. There are 13 teams from different villages of Chiktan participating in the tournament, which include 11 men’s teams and 2 women’s teams. WARRIOR 4.0 | …

January, 2021 - - Part 24_6.1

Alex Ellis appointed new British high commissioner to India

Alexander Ellis has been appointed British high commissioner to India and will take up the key role later this month. He has held several posts, including deputy national security adviser in the cabinet office, director-general in the department for exiting the European Union, and the British ambassador to Portugal. WARRIOR 4.0 | Banking Awareness Batch …

January, 2021 - - Part 24_8.1

India and NDB signs USD 646 million loan agreement for Andhra Pradesh

The New Development Bank (NDB) has signed loan agreements worth USD 646 million with the Government of India for two road projects in Andhra Pradesh. Each project costs USD 323 million. These projects will improve mobility and connectivity to the socioeconomic centres, enhance transport efficiency, improve road safety and riding quality, and provide all-weather accessibility …

January, 2021 - - Part 24_9.1

RBI introduces Legal Entity Identifier for NEFT, RTGS transactions above Rs 50 crore

The Reserve Bank of India has introduced Legal Entity Identifier (LEI) for all payment transactions of value Rs 50 crore and above undertaken by entities (non-individuals) via Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) are the Centralised Payment Systems operated by …

January, 2021 - - Part 24_11.1

SMCB becomes India’s 1st urban co-operative bank to transition to SFB

Uttar Pradesh-based, Shivalik Mercantile Co-operative Bank (SMCB) has become the first urban co-operative bank (UCB) in India to receive a licence from RBI to operate as a Small Finance Bank (SFB). The RBI had given an 18-month timeline to commence business. SMCB received the commercial banking license from banking regulator Reserve Bank of India (RBI) …

January, 2021 - - Part 24_12.1

India & Israel successfully test MRSAM air defence system

India and Israel successfully tested a Medium-Range Surface-to-Air Missile (MRSAM) defence system. The MRSAM missile defence system has been developed jointly by DRDO and Israel Aerospace Industries (IAI) to deal with airstrikes by enemy countries. Currently being used by all three wings of the Indian Army as well as Israel Defence Forces (IDF), the air …