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Daily Archives: August 19, 2021

August 19, 2021 -_3.1

RBI to introduce ‘Regulatory GAAR’ for round tripping

The Reserve Bank of India (RBI) has come up with a draft rule with modifications in the existing regulation related to foreign investment to discourage round-tripping. The central bank is looking to tweak the existing regulations and has come up with draft rules around round-tripping. Some of the largest Indian companies, startups and multinationals with …

August 19, 2021 -_4.1

RBI to put in place a “PRISM” to strengthen compliance by lenders

The Reserve Bank of India is putting in place a Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM), a web-based end-to-end workflow automation system, to strengthen compliance by supervised entities (SEs). This is aimed at helping supervised entities to strengthen their internal defences and resilience and bringing focus on root cause analysis (RCA). …

August 19, 2021 -_5.1

Odisha to become 1st Indian state to Provide Smart Health Cards

Odisha is all set to launch India’s first ‘Smart Health Cards scheme’ covering its 3.5 crore people of 96 lakh families under the Biju Swasthya Kalyan Yojana. The information for the same was provided by Odisha Chief Minister (CM) Naveen Patnaik while addressing the 75th Independence Day celebrations in Bhubaneswar. The objective behind Smart Health …

August 19, 2021 -_6.1

PR Sreejesh to be brand ambassador of Kerala adventure tourism

Olympian Parattu Raveendran Sreejesh (PR Sreejesh), goalkeeper and former captain of the Indian National Hockey team is set to be named as the brand ambassador of adventure tourism in Kerala. Sreejesh was a part of the Indian Hockey team that won the bronze medal at the Tokyo 2020 Olympic games. PR Sreejesh hails from Ernakulam, …

August 19, 2021 -_9.1

Indian Navy Conducts Bilateral Maritime Exercise with Vietnam

The Indian Navy and Vietnam People’s Navy (VPN) undertook a bilateral maritime exercise in the South China Sea, to strengthen the defence ties among the two navies. From India, INS Ranvijay and INS Kora took part in the exercise and from the Vietnam People’s Navy (VPN), frigate VPNS Ly Thai To(HQ-012) participated in the drill. …

August 19, 2021 -_10.1

SBI Life launches new-age term insurance policy “SBI Life eShield Next”

SBI Life Insurance announced the launch of a unique new age protection solution called ‘SBI Life eShield Next’, which ‘levels up’ the protection coverage as the insured achieves life’s major milestones. This means that the policy is neither linked to the stock market nor shares any profit or dividends with the policyholders. Buy Prime Test …

August 19, 2021 -_11.1

Army organises 400 Km “JAZBAA-E- TIRANGA” Relay Marathon in J&K

In Jammu and Kashmir, the Army organised a 400 Km “JAZBAA-E- TIRANGA” Relay Marathon. The event was flagged off by Major General Rajeev Puri, General Officer Commanding, Ace of Spades Division, who led the relay, closely followed by other military personnel. Buy Prime Test Series for all Banking, SSC, Insurance & other exams More than …