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Daily Archives: June 4, 2021

June 4, 2021 -_3.1

Union Cabinet approves MoC between India-Japan on urban development

The Union Cabinet has approved a memorandum of cooperation between India-Japan in the field of sustainable urban development. A Memorandum of Cooperation (MoC) on Sustainable Urban Development has been signed between the Ministry of Housing & Urban Affairs, Government of India and the Ministry of Land, Infrastructure, Transport and Tourism, Government of Japan. A Joint …

June 4, 2021 -_4.1

Navy’s Hydrographic Survey Ship Sandhayak To Be Decommissioned

Indian Navy’s hydrographic survey ship, Sandhayak would be decommissioned after serving the nation for 40 years. The decommissioning ceremony of INS Sandhayak will be held at naval dockyard Visakhapatnam and will be a low-key event attended only by in-station officers and sailors with strict observance of COVID-19 protocols. The ship, during its commissioned service, undertook …

June 4, 2021 -_6.1

ADB and India signed an agreement for road upgradation project in Sikkim

The Asian Development Bank and the Government of India signed an agreement for financing road up-gradation project in Sikkim. ADB will give a $2.5 million project readiness financing (PRF) loan to support projects related to upgradation of major district roads in Sikkim. It will improve the connectivity and also boost the economic activities in the …

June 4, 2021 -_7.1

Narendra Singh Tomar inaugurates Indus Best Mega Food Park in Chhattisgarh

Union Minister for Food Processing Industries, Narendra Singh Tomar virtually inaugurated the Indus Best MegaFood Park along with Bhupesh Baghel, Chief Minister, Chhattisgarh, and in presence of Rameswar Teli, Union Minister of State for Food Processing Industries. The Mega Food Park will ensure value addition, a longer shelf life for farm produce, better price realization …

June 4, 2021 -_8.1

FIH world rankings: Indian men’s team maintain 4th position

In Hockey, the Indian men’s team maintained their fourth position while the women’s team held to the ninth position in the latest International Hockey Federation world rankings. Despite missing the European leg of the FIH Hockey Pro- League series in Great Britain, Spain and Germany in April and May, the Indian men’s team maintained its …

June 4, 2021 -_9.1

Mauritius former prime minister Sir Anerood Jugnauth passes away

The former Prime Minister and President of the Republic of Mauritius, Sir Anerood Jugnauth passed away. He is the country’s longest-serving prime minister with more than 18 years of tenure. He was considered the father of the Mauritian economic miracle of the 1980s. Buy Prime Test Series for all Banking, SSC, Insurance & other exams …

June 4, 2021 -_10.1

IPPB ties-up with Mahindra Rural Housing Finance for cash management solution

Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of Mahindra and Mahindra Financial Ltd, and India Post Payments Bank (IPPB) have tied up a strategic partnership for a cash management solution. As part of the tie-up, IPPB will be offering cash management and collection services to MRHFL through its access points and postal service providers. …

June 4, 2021 -_11.1

RBI Governor Addressed On RBI Monetary Policy 2021

The six-member monetary policy committee of the Reserve Bank of India (RBI) headed by Governor Shaktikanta Das, has decided to keep key lending rates unchanged for the sixth consecutive time, in its June 2021 policy review meeting held between June 2 to 4, 2021. The RBI’s Monetary Policy Committee (MPC) has decided to continue with an accommodative stance until …

June 4, 2021 -_12.1

Bharti AXA Life in bancassurance pact with Shivalik Small Finance Bank

Private life insurer Bharti AXA Life Insurance has entered into a bancassurance partnership with Shivalik Small Finance Bank for the distribution of its life insurance products through the bank’s pan-India network of branches. This alliance is a part of the bank’s various measures towards financial inclusion and acceleration of wealth creation for its customers. Buy …