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Monthly Archives: January 2022

January, 2022 - - Part 26_3.1

Airtel Payments Bank tie-up with Park+ to offer FASTag-based Parking Solutions

Airtel Payments Bank and Park+ have collaborated to offer FASTag-based smart parking solutions to marquee commercial and residential properties across India. This partnership will utilize the reach of Airtel Payments Bank to digitize the parking ecosystem using FASTag associated with the vehicle. Park+ is backed by Sequoia Capital and Matrix Partners and is engaged in …

January, 2022 - - Part 26_4.1

RBI issues eligibility norms for entities harnessing credit bureau data

Reserve Bank of India (RBI) issued eligibility criteria for entities that harness data from credit information companies (CICs) or credit bureaus. These newly-formed guidelines said that a company’s net worth must be at least Rs 2 crore and owned and controlled by resident Indian citizens to become a designated user with a credit bureau, which …

January, 2022 - - Part 26_5.1

Australia & Japan signed defence agreement to counter China

The leaders of Japan and Australia signed a “landmark” defence agreement that allows closer cooperation between their militaries and stands as a rebuke to China’s growing assertiveness in the Indo-Pacific region. Australian Prime Minister Scott Morrison and Japanese Prime Minister Fumio Kishida met in a virtual summit to sign the Reciprocal Access Agreement, the first …

January, 2022 - - Part 26_6.1

Sudhir Kumar Saxena committee constituted to enquire security lapses during PM Punjab visit

Ministry of Home Affairs has constituted a committee to enquire into the serious lapses in the security arrangements during Prime Minister Narendra Modi’s visit to Punjab. It is a three-member committee and will be headed by Sudhir Kumar Saxena, Secretary (Security), Cabinet Secretariat. It also comprises Balbir Singh, Joint Director, IB and Suresh, IG, SPG. …

January, 2022 - - Part 26_10.1

PM declares December 26 to be observed as ‘Veer Baal Diwas’ annually

Prime Minister of India, Narendra Modi has declared that starting from the year 2022, December 26 will be observed as ‘Veer Baal Diwas’ every year. The day will be commemorated as a tribute to the courage of the 4 Sahibzades (the four sons of Guru Gobind Singh Ji), who attained martyrdom in the 17th century. …

January, 2022 - - Part 26_12.1

SBI Ecowrap: India’s Real GDP projected to grow at around 9.5% in FY22

The economic research team of the State Bank of India (SBI) released its Ecowrap report. In the report, SBI researchers have revised upwards the real GDP of India to around 9.5 per cent in 2021-22 (FY22) on a year-on-year (YoY). The report believes that though rising Covid infections could impact mobility, yet economic activity is …