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Daily Archives: August 4, 2023

August 4, 2023 -_3.1

Axis Bank Partners with Kiwi to Bolster ‘Credit on UPI’ on RuPay Credit Cards

What’s in News? Kiwi, a fintech company specializing in enabling credit on UPI, has partnered with Axis Bank to introduce a lifetime free Axis Bank KWIK credit cards through its app. Objective This unique partnership of Kiwi and Axis Bank aims to offer customers the convenience of UPI’s fast and secure payments while enjoying the …

98,911 No of entities recognised by Govt as startups

98,911 No of entities recognised by Govt as startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized 98,911 entities under the Startup India initiative since its launch on January 16, 2016. The primary goal behind this initiative is to create a robust ecosystem that fosters innovation, encourages entrepreneurship, and attracts private investments in the startup sector, thereby driving sustainable economic …

August 4, 2023 -_5.1

GoI introduces Ayush visa category for foreign nationals seeking medical treatment in India

Ministry of Home Affairs (MHA) introduced a new Ayush (AY) visa for foreign nationals for treatment under Ayush systems/Indian systems of medicine like therapeutic care, wellness and Yoga. With this, a new chapter i.e. chapter 11A – Ayush Visa has been incorporated after Chapter 11 – Medical visa of the Visa Manual, which deals with …

Oil India Upgraded to Maharatna, ONGC Videsh to Navratna by Finance Ministry

Oil India Upgraded to Maharatna, ONGC Videsh to Navratna by Finance Ministry

The Finance Ministry of India elevated two major oil sector companies, Oil India and ONGC Videsh, to the esteemed Maharatna and Navratna categories, respectively, granting them increased autonomy for investment, joint venture establishment, and other financial decisions. Oil India’s Journey to Maharatna Status Oil India, previously classified as a Navratna company, has now been granted …

August 4, 2023 -_9.1

Endangered Himalayan Vulture, bred in captivity for the First Time in India

What’s in News The Assam State Zoo recently recorded the breeding of a Himalayan Vulture in captivity for the first time in India. Details of the successful breeding were recently published in a paper titled ‘Breeding of Himalayan Vulture Gyps himalayensis Hume, 1869 in the Assam State Zoo, Guwahati, Assam. The species categorised as ‘Near …

NHAI launches mobile app ‘Rajmargyatra’ for national highway users

NHAI launches mobile app ‘Rajmargyatra’ for national highway users

To improve the highway user experience and offer seamless travel on Indian National Highways, the National Highways Authority of India (NHAI) has taken a significant step by introducing the ‘Rajmargyatra‘ mobile application. This unified app aims to provide comprehensive information and efficient complaint redressal for national highway users, making travel safer and more convenient. Key …

RBI fines four major Indian PSUs for late overseas investment reporting

RBI fines four major Indian PSUs for late overseas investment reporting

The Reserve Bank of India (RBI) has imposed late submission fees amounting to ₹2,000 crore on four major public sector undertakings namely, ONGC Videsh Ltd, Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for failing to promptly report their overseas investments. The delayed reporting has prompted RBI to take restrictive measures, affecting …

NABARD sanctions Rs 1974 crore to Rajasthan govt

NABARD sanctions Rs 1974 crore to Rajasthan govt

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a total amount of Rs 1,974.07 crore to the Rajasthan government under the Rural Infrastructure Development Fund (RIDF) for the financial year 2023-24. This substantial funding aims to uplift the living conditions of rural communities and drive economic growth in the region. 1.Rural Drinking …