1. UPI: From a few lakhs to over a crore transactions a month
The much-reviled demonetisation must have one big supporter in National Payments Corporation of India.NPCI’s mobile-only digital payment mechanism Unified Payment Interface (UPI) has gained currency and it was launched for seamless transaction of money on smartphone — just like sending an e-mail — with two-factor authentication.
The number of transactions on the UPI platform has surged over the last one year — from just over one lakh last September, it crossed one crore this July.
2. India and Sweden trying to take their ‘SAMBANDH’ to next level
After India’s independence in 1947, Sweden recognised India as an independent country, following which both Sweden and India established formal diplomatic relations in 1949.
About 10,000 Indian citizens reside and work in Sweden, along with an additional 9,000 people of Indian origin. Pranab Mukherjee became the first President of India to make a state visit to Sweden, further boosting relation of both countries. After China and Japan, India is Sweden’s third largest trade partner in Asia.India’s primary exports to Sweden are chemical products, food products, and semi-manufactured and manufactured goods.
3. Over 30K digital documents, photographs on Partition of India to go public
A collection of horrific and emotional tales of the Partition of India with over 4,300 witness interviews is set to go public for the first time this week.
US-based Guneeta Singh Bhalla, founder of The 1947 Partition Archive, told that A portion of the complete oral history interviews will be released online on 10 August from Stanford University Library’s Digital Repository.
The archive contains more than 4,300 oral history interviews and over 30,000 digital documents and photographs, collected from 12 countries in 22 languages, making it the largest oral history archive on any topic in South Asia.
4. CAB honours Ranji Trophy winning coach Palash Nandy
The Cricket Association of Bengal (CAB) honoured Bengal’s former Ranji Trophy winning coach Palash Nandy with the Lifetime Achievement Award at their annual awards ceremony
Right-handed batsman Nandy scored 3,208 runs in 57 matches for Bengal, also capturing eight wickets with his part-time right-arm off-breaks.He played from 1969-70 till 1983-84. Nandy’s highest score was 205 not out.
The 65-year-old was also appointed coach of the Bengal team in the year 1989-90 when he guided them to their second Ranji Trophy triumph..
5. Nation observes 75th anniversary of Quit India Movement
Today The nation is celebrating the 75th anniversary of the Quit India Movement. A number of events are being planned at organisational and local levels to mark the occasion. This year’s theme is “Sankalp se Siddhi- the attainment through resolve.
PM Narendra Modi in his recent Mann Ki Baat programme had called for launching the mega campaign Sankalp Se Siddhi. He suggested youth, student organisations and NGOs to organise group discussions to bring forth new ideas.
6. Bureaucrat S Aparna appointed as Executive Director in World Bank
Senior bureaucrat S Aparna, presently Principal Secretary to Gujarat Chief Minister Vijay Rupani, has been appointed as an Executive Director in the World Bank in the US.
As the Executive Director, she will represent the constituency of India, Bangladesh, Bhutan and Sri Lanka in the World Bank. Aparna has been appointed in place of S C Garg.
7. Amazon India, Telangana Handloom dept ink pact
Amazon India signed a Memorandum of Understanding (MoU) with the Telangana Department of Handloom and Textiles, to educate, train and enable weavers and artisans to directly sell their products to Amazon customers across the country.
Amazon India through this association with the weavers and artisans in Telangana will help them boost their business by training them to list and sell their products online on the marketplace.
The partnership also intends to empower and generate livelihood opportunities and income for the artisans and boost their economy.
8. Ensure safety of customers’ lockers
The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders,
Besides, banks are being probed by the fair trade regulator CCI for alleged cartelisation in providing locker services to their customers.
Consumer rights expert said that “The government, the RBI and the banking industry cannot wash their hands of and earn money from consumers and not be made liable or accountable for quality of service for which the customers are paying rental.”
9. HDFC Bank eyeing refinance business
HDFC Bank, which does not face any capital constraint, will eye refinance opportunities and acquire good assets, according to Kaizad Bharucha, Executive Director.
Despite the bad loan challenges that the overall banking system is up against, Bharucha said he remains optimistic and excellent opportunities exist in further extending the working capital loan book across business segments.
Today, term loans constitute about 30 per cent of HDFC Bank’s corporate banking book.
10. Amit Shah becomes MP for the 1st time
After an election drama, Congress veteran and Sonia Gandhi aide Ahmed Patel retained his Rajya Sabha seat from Gujarat.
Patel secured 44 votes to retain his Rajya Sabha seat, after the Election Commission invalidated two votes by two rebel Congress MLAs ahead of counting that started at 11.30pm. BJP president Amit Shah and textile minister Smriti Irani too have won in the Gujarat Rajya Sabha elections.