Current Affairs August 04th 2022| Current Affairs News

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CURRENT AFFAIRS: IMPORTANT DAYS

U.S. Coast Guard Day- August 4th:

  • Every year, August 4 is celebrated as S. Coast Guard Day, commemorating the military organization for its valor and discipline.
  • Since 1790, the U.S. Coast Guard has kept the nation’s waterways safe, playing a critical role in national security.
  • The day honors the establishment of the U.S. Coast Guard and the courageous work of the service members of the Coast Guard.

History

  • The United States Coast Guard was established on 4 August 1790 by Treasury Secretary Alexander Hamilton and was later on known as the Revenue Marine.
  • Let us tell you that Alexander Hamilton authorized the construction of ten vessels which are known as Revenue Service cutters.
  • They were intended to enforce the earliest United States tariff laws.

CURRENT AFFAIRS: NATIONAL NEWS

Union Culture Minister Shri G Kishan Reddy organized the Tiranga bike rally:

  • Vice President Venkaiah Naidu inaugurated a Har Ghar Tiranga Bike Rally by Members of Parliament in Delhi from the iconic Red Fort.
  • Union Culture Minister G Kishan Reddy organizes the Tiranga Bike Rally.
  • A bike rally from Red Fort to Vijay Chowk was staged in honor of Prime Minister Narendra Modi’s Har Ghar Tiranga program.
  • Union Ministers Pralhad Joshi and Piyush Goyal were also present.

About Har Ghar Tiranga Campaign:

  • At the same time as we are honoring Azadi Ka Amrit Mahotsav, our country is preparing for Har Ghar Tiranga, a statewide initiative to honor our Tricolor.
  • On the occasion of his birth anniversary, the prime minister paid respect to Pingali Venkayya, the designer of the flag.
  • The administration has scheduled a variety of festivities in anticipation of Independence Day.
  • Between August 11 and August 13, BJP members will also perform “Prabhat pheri” at the booth level while playing Raghupati Raghav Raja Ram, Mahatma Gandhi’s favorite devotional hymn, or Vande Mataram, India’s national anthem.
  • The gathering would also observe Partition Horrors Remembrance Day on August 14.

CURRENT AFFAIRS: STATE NEWS

West Bengal to get 7 new districts, total district tally raised to 30

  • Shri Mamata Banerjee, the chief minister of West Bengal decided to carve out 7 new districts out of the existing 23 districts by redrawing their boundaries for better administration and development.
  • The 7 new districts are
  1. Sunderban
  2. Ichhamati
  3. Ranaghat
  4. Bishnupur
  5. Jangipur
  6. Behrampur
  7. Basirhat
  • With these new 7 districts, the total number of districts in West Bengal has increased to 30.
  • At present, Sundarban falls under South 24 paraganas, whereas Icchemati and Basirhat fall under North 24 Parganas.
  • Ranaghat under Nadia and Jangipur and Behrampur from Murshidabad district.
  • Bankura will be divided to form the Bishnupur district.

About West Bengal :

  • Governor: La. Ganesan
  • Chief Minister: Mamata Banerjee
  • Capital: Kolkata

Assam CM launches digital issuance of caste certificates for students – Mission Bhumiputra

  • Assam Chief Minister Shri Himanta Biswa Sarma launched ‘Mission Bhumiputra’, a digital way to issue digitized caste certificates to students.
  • Also, the CM inaugurated a Bhumiputra Portal at a program held at Srimanta Sankardev Kalakshetra which is being implemented by the departments of Tribal Affairs (Plain) and Social Justice and Empowerment.
  • The mission has been implemented to carry forward the government’s mission of easy public service to the public
  • The certificates will be available in the Digi locker under the IT Act and digitally signed by the respective Deputy Commissioners.
  • Henceforth, the manual system of issuing caste certificates will be ceased.
  • Eligible Class IX-XII students will now be able to download SC/ST/OBC certificates from assam.gov.in.
  • From 2023, students from Class VIII can apply for caste certificates through this portal which will also be lined with the CM’s dashboard to enable the Chief Minister’s Office to monitor the entire process.

Process of Certification :

  • The Deputy Commissioners will give the format of applications for the caste certificates to the Headmasters of educational institutions from August 8, 2022.
  • The headmasters will fill up the application formats for their onward submission to the Deputy Commissioners who then forward the applications to the Boards of their respective caste or tribe.
  • The DC then will convene a meeting with the Boards to decide on the protocol for issuing caste certificates to the students.
  • If any doubt in the process crops up, the application may be sent for further verification.

About Assam :

  • Governor : Jagdish Mukhi
  • Chief Minister : Himanta Biswa Sarma
  • Capital: Dispur

West Bengal govt inks MoU with Maharashtra to prevent migration & trafficking of women

  • The West Bengal government has inked a memorandum of understanding (MoU) with the Maharashtra government to prevent migration and trafficking of women since a lot of movement of people takes place between the two states.
  • On the occasion of World Day against Trafficking in Persons (July 30, 2022) West Bengal Women and Child Development and Social Welfare Minister Dr. Shashi Panja attended the state-level consultation on ‘Uses and Abuses of Technology’ organized by the WB government and the United Nations Children’s Fund (UNICEF).
  • West Bengal is vulnerable to trafficking for having a porous international border with Bangladesh, Nepal, Bhutan, and other states.
  • Besides, there is a vulnerability index in certain districts and certain pockets in the state.
  • Since 2013, the state government’s primary focus has been on the prevention of trafficking along with the rehabilitation of rescued girls and women.
  • Bongaon sub-division of West Bengal and Jessore district of Bangladesh on the other side of the border is a trafficking belt.

About West Bengal :

  • Governor: La. Ganesan
  • Chief Minister: Mamata Banerjee
  • Capital: Kolkata

About Maharashtra :

  • Governor: Bhagat Singh Koshyari
  • Chief Minister : Eknath Shinde
  • Capital: Mumbai

CURRENT AFFAIRS: BANKING & FINANCE

Union Bank of India launches Union Prerna 2.0 – EmpowerHim

  • Union Bank of India launched an Industry-first, dedicated, men-focused Committee ‘EmpowerHim’ as part of its flagship HR initiative ‘Prerna’.
  • It was launched by A Manimekhalai, MD, and CEO, Union Bank of India.

Aim :

  • To promote the employees’ career trajectory and improve diversity in the Bank by picking out and resolving individual as well as common existing challenges.
  • This Committee will complement the women-focused; EmpowerHer Committee launched by the Bank earlier in July 2022.

Objective :

  • To understand local problems, highlight the importance of gender equity, and focus on sensitization at work.

About Union Prerna :

  • Union Prerna is the Human Resources (HR) Transformation initiative of UBI.

Aim :

  • To improve productivity through digitization of processes, employee-centric interventions, and a learning revolution within the Banking space.

About EmpowerHim:

  • A first in the Industry, “EmpowerHim” is Union Bank’s career-focused Committee aimed at tackling all issues at the grass-root level.

Aim :

  • To provide a comfortable platform for everyone to freely express their concerns and needs, counsel employees, encourage active participation in leadership roles and improve Business performance and individual productivity.

About UBI :

  • Founded: 11 November 1919;
  • Headquarters: Mumbai, Maharashtra, India
  • MD & CEO : A Manimekhalai

Infosys Finacle gets inducted into IFSCA’s Regulatory Sandbox framework

  • Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys has been inducted into International Financial Services Centres Authority’s (IFSCA) Regulatory Sandbox framework to pilot its blockchain-based trade finance solution.
  • In the first phase, six leading banks Federal Bank, HDFC Bank, HSBC, ICICI Bank, RBL Bank, and State Bank of India are collaborating with Infosys Finacle in the regulatory sandbox.
  • This collaboration will lead to comprehensive testing of the blockchain-based Buyers Credit solution, for short-term credit in foreign currency for import payments and trade finance transactions.
  • This will serve as a precursor to the solution being available as a SaaS-based offering for all banks servicing clients from GIFT City.

About Finacle Trade Connect :

  • Finacle Trade Connect helps banks, corporates, and various trade partners, such as shipping companies, insurers, and customs agencies, connect directly on a unified distributed network enabling inter-organization automation of trade finance processes.
  • Apart from Buyer’s Credit, the solution offers capabilities across Letter of Credit, Open Account for Trade, Bill Collection, Bill Exchange, C2C Transactions for Trade, B2C Transactions for Trade, PO Financing, Invoice Financing, Bank Guarantee, and Factoring.
  • The new platform will speed-up transaction times from weeks to hours and drive significant cost savings.
  • It will also enable trade expansion to drive economic growth.

About Infosys finacle :

  • Headquarters: Bangalore, Karnataka

GOI Announces Sale of Four Dated Securities for a Notified Amount of Rs 33,000 crore

  • The Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of 33,000 crores.
  • The auctions will be conducted by the Reserve Bank of India, on August 05, 2022.

Four Securities :

  1. 6.69% Government Security 2024 for a notified amount of Rs 4,000 Crore (nominal) through price based auction using a uniform price method
  2. 7.10% Government Security 2029 for a notified amount of Rs 7,000 Crore (nominal) through price-based auction using a uniform price method
  3. 6.54% Government Security 2032 for a notified amount of Rs 13,000 Crore (nominal) through price-based auction using a uniform price method
  4. 6.95% Government Security 2061 for a notified amount of Rs 9,000 Crore (nominal) through price-based auction using multiple price method.
  • GoI will have the option to retain an additional subscription up to Rs 2,000 Crore against each of the 4 securities.
  • As per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities, Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions.

PNB Gets RBI Approval to Invest ₹500 cr in PNB Housing Finance Rights Issue

  • Punjab National Bank (PNB) announced that the Reserve Bank of India had allowed it to invest 500 crores in the upcoming 2,500 crore rights issue of PNB Housing Finance Limited (PNBHFL).
  • Following the rights issue, the shareholding of Punjab National Bank (PNB) as a promoter of the company would come down from the current level of 32.57% to below 30%.
  • In the post rights issue, the holding of the bank would come down below 30 percent but would be higher than 26 percent so that the bank retains promoter status.
  • The rights issue process is expected to conclude by December 2022 or latest in the March quarter.
  • The PNB proposes to raise 12,000 crores from Tier I (5,500) and Tier II bonds (6,500).

About PNB :

  • Founded: 19 May 1894 (Commenced Operations April 12, 1895)
  • Headquarters: New Delhi, Delhi, India
  • MD & CEO : Atul Kumar Goel
  • Tagline: The name you can bank upon

About PNB Housing Finance Ltd :

  • Founded: 11 November 1988
  • Headquarters: New Delhi, Delhi, India
  • MD & CEO : Hardayal Prasad

SVC Bank Partners With SIDBI For Empowering MSMEs

  • SVC Co-operative Bank Ltd. (SVC Bank), one of India’s leading co-operative banks, and Small Industries Development Bank in India (SIDBI), the country’s apex financial institution for micro, small and medium enterprises (MSMEs), entered into a partnership through an Agreement.
  • The agreement was signed by Ashish Singhal, MD, SVC Bank, and Sanjeev Gupta, General Manager, SIDBI in Mumbai, Maharashtra.
  • SVC Bank is the first urban cooperative bank to enter into a refinancing partnership with SIDBI.
  • The partnership signed will allow SVC Bank to tap into SIDBI’s refinance facility.

Recent News :

  • Recently SIDBI has decided to extend refinance assistance to eligible scheduled Urban Co-operative Banks (UCBs) and Regional Rural Banks (RRBs).
  • In January 2021, SIDBI announced sanctioning of Rs 650 crore in financial assistance to two small finance banks AU Small Finance Bank and Jana Small Finance Bank from the Special Liquidity Facility of Rs 16,000 crore sanctioned to it by the Reserve Bank of India

About SIDBI :

  • Founded: 2 April 1990
  • Headquarters: Lucknow, Uttar Pradesh, India
  • Chairman & MD : Sivasubramanian Ramann
  • SIDBI provides refinance to primary lending institutions such as banks including small finance banks, non-banking finance companies, and microfinance institutions which in turn provide credit to MSMEs.
  • It is also engaged in direct financing of small businesses through long-term loans, working-capital facilities, etc.

About SVC Bank :

  • Founded: 1906
  • Chairman: Mumbai, Maharashtra, India
  • Chairman: Durgesh S Chandavarkar
  • MD: Ashish Singhal
  • The Shamrao Vithal Co-op. Bank Ltd. (SVC Bank) known as SVC Cooperative Bank Limited, is a scheduled bank in India.

CURRENT AFFAIRS: AWARDS AND HONOUR

Canadian Jeffrey Armstrong received the ‘Distinguished Indologist for 2021’ award:

  • Jeffrey Armstrong, a Canadian Scholar, has been named the Indian Council for Cultural Relations (ICCR) Distinguished Indologist for 2021.
  • Manish, India’s consul-general in Vancouver, presented him with the honor.
  • The prize was given to Armstrong “in honor of his remarkable contribution to the study/teaching/research in India’s philosophy, ideas, history, art, culture, Indian languages, literature, civilization, society, and so on.”
  • He is the seventh recipient of this prize, joining previous winners from Germany, China, Japan, the United Kingdom, South Korea, and the United States.
  • The award is conferred upon a foreign scholar for “their outstanding contribution in the study, teaching, and research in any of the fields of Indian Studies”.
  • The first recipient of the award in 2015 was Professor Heinrich Freiherr Von Stietencron from

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Sashastra Seema Bal DG Mr. Sujoy Lal Thaosen gets additional charge as ITBP DG

  • Director General (DG) of the Sashastra Seema Bal (SSB) Mr. Sujoy Lal Thaosen took over the additional charge of Director General of Indo-Tibetan Border Police (ITBP) in New Delhi.
  • Thaosen has replaced former ITBP DG Mr. Sanjay Arora who has now been assigned as the new Delhi Police Commissioner.
  • Thaosen is a 1988-batch Indian Police Service (IPS) officer from the Madhya Pradesh cadre.

About ITBP :

  • Established: 1962
  • Headquarters: New Delhi, Delhi, India
  • Motto: Shaurya – Dridhata – Karm Nishtha
  • The ITBP is India’s primary border patrol organization for its border with China’s Tibet Autonomous Region.
  • It is one of the seven Central Armed Police Forces of India.

Mr. Satyendra Prakash assumes charge as Principal Director General of PIB

  • The 1988 batch Senior Indian Information Service officer Mr. Satyendra Prakash has been appointed as the Principal Director General of the Press Information Bureau (PIB).
  • He will succeed Jaideep Bhatnagar.
  • The head of the PIB is the principal spokesperson of the Government of India.

About Satyendra Prakash :

  • He has represented the Government of India in various national and international forums such as UNESCO, UNICEF, and UNDP.
  • He has a wide range of experience in the field of public communication, media management, administration, policy formulation, and program implementation.
  • He was recognized for his role in the presentation of the first-ever tableau of the Ministry of Information and Broadcasting on Republic Day 2021 on the theme of “Vocal for Local”.
  • He is credited with ideating important IEC campaigns.
  • Earlier, he served as the principal Director General of the Central Bureau of Communication.

Awards & Honors :

  • He has recently been recognized by the Election Commission of India (ECI) & conferred the national award for enhancing electoral participation through voter awareness and education in 2021-22.

About Jaideep Bhatnagar :

  • Bhatnagar, a 1986-batch IIS officer, earlier served in Doordarshan News as head of the Commercial, Sales, and Marketing Division.
  • He has also served as Prasar Bharati Special Correspondent West Asia covering 20 countries and later went on to head the News Services Division of AIR.

Other Appointments :

  • Meanwhile, Mr. Manish Desai, Director General of the West zone of the PIB, will succeed Prakash in the Central Bureau of Communication.
  • He is a 1989 batch Indian Information Service officer.
  • He has worked in various media units of the Ministry of I&B, like DAVP, AIR News, Prasar Bharati, and the Indian Institute of Mass Communication.

About Central Bureau of Communication :

  • Headquarters: New Delhi, Delhi, India

About PIB :

  • Established: 1919
  • Headquarters: New Delhi
  • The PIB is a nodal agency of the Government of India under the Ministry of Information and Broadcasting.

CURRENT AFFAIRS: SPORTS NEWS

Shri Hardeep Singh Puri launched the 4th ONGC Para Games in 2022:

  • By Union Minister of Petroleum, Natural Gas, Housing, and Urban Affairs Shri Hardeep Singh Puri, the fourth edition of the ONGC Para Games was officially Launched.
  • From August 2-4, 2022, Oil and Natural Gas Corporation Limited (ONGC) will host the 4th ONGC Para Games.
  • Participants will include 275 Persons with Disabilities (PwD) who work for eight central oil and gas public organizations.
  • Since the first edition of the Para Games in 2017, the Paralympic Committee of India has helped ONGC organize them on a global scale.
  • 120 ONGC PwD employees participated in athletics, badminton, and wheelchair racing sports in the competition.
  • Since that time, both the number of participants and the type of games have increased.
  • Many of the para-athletes competing in the ONGC Para Games have distinguished themselves as India’s Paralympic representatives.

Commonwealth Games 2022: Indian Team bags gold in Lawn Bowl

  • The women’s fours lawn bowling team from India created history by taking home the gold medal at the 2022 Commonwealth Games.
  • The team, led by Rupa Rani Tirkey, Lovely Choubey, Pinki, and Nayanmoni Saikia, earned the nation’s first lawn bowls medal, and after defeating the 2018 silver medalists in South Africa, they went on to win the championship.
  • With a 17-10 victory over South Africa, the Indian team prevailed.
  • India made a good start in the last day’s game, but South Africa performed a stunning comeback as both sides were tied at 10 points after the end of 12.
  • After the end of 15, India has regained the lead and currently has 15 points, compared to South Africa’s 10.
  • Additionally, this was the Indian team’s first time competing in the event finals’ women’s fours format.
  • In the semifinal match, India defeated New Zealand 16-13.

Indian badminton team claimed the silver medal:

  • At the Commonwealth Games 2022’s mixed group match, the Indian badminton team won the silver medal.
  • The mixed Indian badminton team lost to Malaysia 1-3 and had to settle for silver.
  • In the women’s singles match during the summit match versus Malaysia, only PV Sindhu was able to secure a victory.
  • In the fourth match of the fixture, Treesa Jolly and Gayatri Gopichand went against Muralitharan Thinaah and Koong Le Pearly Tan.
  • Indian pair lost the first game 18-21.
  • The Malaysian pair won the second game 21-17 to clinch the gold medal in Games 2022.

India’s paddlers win gold in Table Tennis:

  • In the Table Tennis Final of the Commonwealth Games 2022, India’s paddlers defeated Singapore 3-1 to reclaim the men’s team championship title.
  • By winning the doubles match, Harmeet Desai and G. Sathiyan gave India a strong start.
  • To tie Singapore at 1-1, Chew Zhe Yu Clarence triumphed in the subsequent match.
  • But by winning their matches, G Sathiyan and Harmeet Desai made sure that India would win the gold.
  • In the men’s table tennis team competition, India won the gold medal two consecutive times.
  • The Indian men’s table tennis team also took home the gold medal at the 2018 Commonwealth Games on Gold Coast.
  • Then, in the championship game, India beat Nigeria 3-0.
  • Harmeet Desai beat Chew Zhe Yu Clarence 11-8, 11-5, and 11-6 in the fourth match.

West Indies women’s cricket Player Deandra Dottin has announced her retirement:

  • Star all-rounder Deandra Dottin has announced her retirement from West Indies women’s cricket team, citing she was no longer able to adhere to the team culture and environment.
  • The 31-year-old is the fastest centurion in women’s T20 Internationals.
  • Dottin, however, did not indicate whether she would also retire from Barbados, a side she is representing at the ongoing Commonwealth Games here in Birmingham.
  • Dottin is West Indies’ most-capped international cricketer, having played 124 T20Is and 143 ODIs since her debut in June 2008.

CURRENT AFFAIRS: BOOKS AND AUTHOR

Odisha CM Naveen Patnaik released a new book titled “Lockdown Lyrics”:

  • Sanjukta Dash’s collection of poems, Lockdown Lyrics, was published by Odisha Chief Minister Naveen Patnaik.
  • The poems offer an unfiltered account of the pandemic author’s experiences and frustrations.
  • She has captured all of humanity’s suffering, hopes, and aspirations during this, society’s most pivotal trip in a long time.
  • In Odia literature, Sanjukta Dash is a well-known author.
  • Three poetry collections by her are available in Odia: Antaswar, Amrut Anwesha, and Apekshare Ebe Bi.
  • Her first work of English literature, Lockdown Lyrics, was released by Authors Press New Delhi.

A New book titled “Lion of The Skies: Hardit Singh Malik” by Stephen Barker:

  • “Lion of the Skies: Hardit Singh Malik, the Royal Air Force, and the First World War” are a book about “India’s first fighter pilot” who served in World War I before the Indian Air Force was formed.
  • Stephen Barker, the author, shows in great detail how difficult it was for an Indian to serve in the British military services, combating racial prejudice – both institutional and interpersonal.
  • Hardit Singh Malik flew as a fighter pilot with both the Royal Flying Corps (RFC) and the Royal Air Force (RAF) during World War I.
  • He is also India’s first Ambassador to France.

About the book:

  • Author Stephen Barker shows in great detail how difficult it was for an Indian to serve in the British military services, combating institutional and individual racial prejudice.
  • It is fully to Hardit’s credit that he overcame every challenge with optimism, zeal, and the highest level of emotional maturity.
  • He had to struggle hard as a young lad in school simply to preserve his turban and beliefs.

A new book titled “Dangerous Earth” by Marine biologist Ellen Prager

  • Ellen Prager, a marine scientist, has written a book titled “Dangerous Earth: What We Wish We Knew About Volcanoes, Hurricanes, Climate Change, Earthquakes, and More.”
  • The author attempts to answer the most intriguing topic in the book: Why can’t we better foresee natural disasters?
  • Ellen Prager, a marine biologist, investigates the science of volcanoes, earthquakes, tsunamis, storms, landslides, rip currents, and—perhaps the most dangerous hazard of all—climate change in Dangerous Earth.
  • Each chapter focuses on a different hazard, begins with a game-changing historical event, and emphasizes what is yet understood about these dynamic occurrences.
  • Along the way, we hear from scientists who are attempting to interpret Earth’s warning signs, relay them to the rest of us, and avoid catastrophic loss.

Daily CA on August 4:

  • Every year, August 4 is celebrated as S. Coast Guard Day, commemorating the military organization for its valor and discipline.
  • Vice President Venkaiah Naidu inaugurated a Har Ghar Tiranga Bike Rally by Members of Parliament in Delhi from the iconic Red Fort.
  • Jeffrey Armstrong, a Canadian Scholar, has been named the Indian Council for Cultural Relations (ICCR) Distinguished Indologist for 2021.
  • By Union Minister of Petroleum, Natural Gas, Housing, and Urban Affairs Shri Hardeep Singh Puri, the fourth edition of the ONGC Para Games was officially Launched.
  • The women’s fours lawn bowling team from India created history by taking home the gold medal at the 2022 Commonwealth Games.
  • At the Commonwealth Games 2022’s mixed group match, the Indian badminton team won the silver medal.
  • In the Table Tennis Final of the Commonwealth Games 2022, India’s paddlers defeated Singapore 3-1 to reclaim the men’s team championship title.
  • Star all-rounder Deandra Dottin has announced her retirement from West Indies women’s cricket team, citing she was no longer able to adhere to the team culture and environment.
  • Sanjukta Dash’s collection of poems, Lockdown Lyrics, was published by Odisha Chief Minister Naveen Patnaik.
  • “Lion of the Skies: Hardit Singh Malik, the Royal Air Force, and the First World War” are a book about “India’s first fighter pilot” who served in World War I before the Indian Air Force was formed.
  • Ellen Prager, a marine scientist, has written a book titled “Dangerous Earth: What We Wish We Knew About Volcanoes, Hurricanes, Climate Change, Earthquakes, and More.”
  • Shri Mamata Banerjee, the chief minister of West Bengal decided to carve out 7 new districts out of the existing 23 districts by redrawing their boundaries for better administration and development.
  • Assam Chief Minister Shri Himanta Biswa Sarma launched ‘Mission Bhumiputra’, a digital way to issue digitized caste certificates to students.
  • The West Bengal government has inked a memorandum of understanding (MoU) with the Maharashtra government to prevent migration and trafficking of women since a lot of movement of people takes place between the two states.
  • Union Bank of India launched an Industry-first, dedicated, men-focused Committee ‘EmpowerHim’ as part of its flagship HR initiative ‘Prerna’.
  • Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys has been inducted into International Financial Services Centers Authority’s (IFSCA) Regulatory Sandbox framework to pilot its blockchain-based trade finance solution.
  • The Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of 33,000 crores.
  • Punjab National Bank (PNB) announced that the Reserve Bank of India had allowed it to invest 500 crores in the upcoming 2,500 crore rights issue of PNB Housing Finance Limited (PNBHFL).
  • SVC Co-operative Bank Ltd. (SVC Bank), one of India’s leading co-operative banks, and Small Industries Development Bank in India (SIDBI), the country’s apex financial institution for micro, small and medium enterprises (MSMEs), entered into a partnership through an Agreement.
  • Director General (DG) of the Sashastra Seema Bal (SSB) Mr. Sujoy Lal Thaosen took over the additional charge of Director General of Indo-Tibetan Border Police (ITBP) in New Delhi.
  • The 1988 batch Senior Indian Information Service officer Mr. Satyendra Prakash has been appointed as the Principal Director General of the Press Information Bureau (PIB).

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