Digital Solutions Exchange "GOKADDAL" launched in India

Digital Solutions Exchange “GOKADDAL” launched in India

The World’s first Digital Solutions Exchange in the cloud “GOKADDAL” has been launched in India. GOKADDAL is a cloud-based solutions exchange platform which focuses on four A’s i.e. Automation, Artificial Intelligence, Analytics and Augmentative Technologies. GOKADDAL brings its customers to the right solutions with right tools and right providers and hence helps them to realize their digital transformation vision. The cloud delivery platform is expected to revolutionize the way digital solutions are sourced, delivered and managed.

The Dubai based emerging technology company “GOKADDAL Technologies” is a part of Merkado group.

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World Golf Hall of Fame to induct Tiger Woods in Class of 2021

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American golfer Tiger Woods will be elected in the World Golf Hall of Fame as part of the class of 2021. Woods was among 10 finalists named in March as candidates for 2021. His 93 worldwide victories include a record-tying 82 US PGA Tour titles. He won his 15th major title at the Masters last April.

Woods is a three-time winner of the career Grand Slam and in 2000-01 completed the “Tiger Slam” when he became the first golfer since Bobby Jones to hold all four major championship titles at the same time. The 2021 class was chosen by Hall’s selection committee, a 20-member panel.

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Amitabh Bachchan becomes brand ambassador of IDFC FIRST Bank

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IDFC FIRST Bank has signed Amitabh Bachchan as its brand ambassador. With this, Amitabh Bachchan has become the first ever brand ambassador of the bank.

IDFC FIRST Bank provides its customers a range of services including savings account and current accounts, NRI accounts, salary accounts to home and personal loans, small business loans, among others.

Important takeaways for all competitive exams:

MD and CEO of IDFC FIRST Bank: V Vaidyanathan; Headquarters: Mumbai.
IDFC FIRST Bank was founded in 2015.

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Technology Innovation Hub to be established at IIT Mandi

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The Indian Institute of Technology (IIT) Mandi will establish a Technology Innovation Hub (TIH) under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). The Technology Innovation Hub will be established with the help of Rs 7.25 crore sanctioned by the Department of Science and Technology (DST) to IIT Mandi.

Through Technology Innovation Hub, human-computer interaction (HCI) research programmes will take place in IIT Mandi with focus on design and development of computer technology (interfaces). It will also include the study of interaction between humans (users) and computers. The TIH will also focus on human resource & skill development, entrepreneurship and collaboration with other leading institutions.

The TIH will also led to the development of tools, hands-on experiments with specialised tool kits, education material, connecting with existing innovation ecosystems and initiatives of the Government of India. The TIH will also facilitate schools, colleges and advanced technical training institutes with an innovation platform to focus in the targeted areas.

HP to get US$80 Mn to improve water management practices

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The Government of India, Government of Himachal Pradesh have signed a US$80 million loan agreement with the World Bank. The loan agreement aims to enhance water management practices and to improve agricultural productivity in 428 Gram Panchayats of Himachal Pradesh.

About the US$80 million loan agreement:

A US$80 million loan agreement has been signed by Government of India & Government of Himachal Pradesh with the World Bank. The loan amount will be fulfilled by International Bank for Reconstruction and Development (IBRD). According to the agreement, the loan amount has a final maturity of 14.5 years which also includes a grace period of 5 years.

About the Project to be implemented in HP:

The state government of Himachal Pradesh will implement the Integrated Project for Source Sustainability and Climate Resilient Rain-Fed Agriculture. This project will be implemented in 428 Gram Panchayats in 10 districts and will benefit over 4,00,000 smallholder farmers, women and pastoral communities. The project is expected to improve upstream water sources in forests, pastures and grasslands. It will also ensure that sufficient water is available for sustainable agriculture.

As part of the project, hydrological monitoring stations will be set up to monitor the water quality and quantity. Proper monitoring of the water quality and quantity will ensure more holistic Catchment Area Treatment (CAT) plans which are based on source sustainability, carbon sequestration, and water quality. It will also lay the foundation for future water budgeting via better land use and agricultural investments.

Important takeaways for all competitive exams:

President of World Bank: David Malpass; Headquarter: Washington DC.
Chief Minister of Himachal Pradesh: Jairam Thakur; Governor: Bandaru Dattatraya.

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CSIR-National Physical Laboratory develops Bi-Luminescent Security Ink

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A “Bi-Luminescent Security Ink” has been discovered by the CSIR-National Physical Laboratory. The new ink developed by CSIR-National Physical Laboratory glows in two colours: green and red when illuminated by two different excitation sources at 365 nano meters (nm) and 254 nm.

About the “Bi-Luminescent Security Ink”:

The “Bi-Luminescent Security Ink” which is developed by CSIR-National Physical Laboratory has been found comparable to the standards which are presently followed. This new formulation can be used to determine the legitimacy of identity cards, passports, tamper evident labels, Government documents etc.

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SBI removes minimum balance charges from all savings bank accounts

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The State Bank of India has waived off the minimum balance charges on all savings bank accounts. SBI has waive charges for non-maintenance of Average Monthly Balance (AMB) for all 44.51 crore savings bank accounts. Earlier, SBI was levying a penalty of Rs 5 to Rs 15 along with taxes on non-maintenance of average monthly balance of Rs 3000, Rs 2000 and Rs 1000 in metro, semi urban and rural areas respectively. Along with the charges for non-maintenance of Average Monthly Balance, the public sector bank has also waived of SMS charges.

Important takeaways for all competitive exams:

Chairperson of SBI: Rajnish Kumar; Headquarters: Mumbai; Founded : 1 July 1955.

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SBI will buy Yes Bank shares worth Rs 7250 crore

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The State Bank of India has agreed to buy shares worth Rs 7250 crore of the cash-strapped Yes Bank. The purchase of the shares will be in accordance with the draft reconstruction scheme put forward by the Reserve Bank of India. SBI will purchase the 725 crore shares of Yes Bank at a price of Rs 10 per share. After the purchase, the shareholding of the State Bank of India (SBI) in Yes Bank will remain under 49% of the paid-up capital.

According to the reconstruction scheme put forwarded by RBI, the shareholding of the strategic investor would be not more than 49% and should not fall below 26% for a minimum period of 3 years from the date of capital infusion.

Important takeaways for all competitive exams:

Chief Executive Officer & MD of Yes Bank: Ravneet Gill; Headquarters: Mumbai, Maharashtra.
Chairperson of SBI: Rajnish Kumar; Headquarters: Mumbai; Founded : 1 July 1955.
RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

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Japanese company Hakuhodo acquires AdGlobal360

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Indian MarTech Company, AdGlobal360 has been acquired by Japanese company Hakuhodo Inc for an undisclosed sum. Adglobal360 is India’s fastest growing MarTech Company headquartered in Gurugram, Haryana. The MarTech Company facilitates its customers with end to end digital solutions.

Hakuhodo Inc is Japan’s second largest advertising company which was founded in 1895. It is an integrated advertising and communication agency which has international presence in 17 countries and regions. In India, Hakuhodo offers communication and business solutions to clients by integrating skill sets into a single structure.

Important takeaways for all competitive exams:

CEO of AdGlobal360: Rakesh Yadav.
President of Hakuhodo International: Nobuaki Kondo.

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GoI decides to have at least one PMBJP Kendra in every block

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Union Government is planning to have at least one Pradhan Mantri Bhartiya JanAushadhi Pariyojana (PMBJP) Kendra in each block of India. The above plans are to be executed successfully by the end of year 2020. The above announcement was made by Union Minister of State in the Prime minister’s Office Dr. Jitendra Singh at ‘Jan Aushadhi Diwas’ celebrations held in Kathua, Jammu & Kashmir.

Janaushadhi Kendras is the world’s biggest retail pharma chain having around 6,200 outlets in 700 districts of the country. It also provides a good source of self-employment with sustainable and regular earnings. The Pradhan Mantri Bhartiya JanAushadhi Pariyojana (PMBJP) Kendra were launched by the Indian Government to promote affordable and quality generic medicines among the people.

Important takeaways for all competitive exams:

- Lieutenant Governor of Jammu and Kashmir: Girish Chandra Murmu.

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