Daily Current Affairs 8 July 2022 for Banking/Insurance/SSC and other related exams.
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Russia signs pact for supplying tech for Kudankulam nuclear power plant
A unit of Russian nuclear major Rosatom State Corporation has signed an agreement to supply thermocouples for four power units of the Kudankulam Nuclear Power Plant (KNPP) in Tamil Nadu, according to an Economic Times report.
- LUCH Scientific Production Association, which is a part of Science and Innovations, the R&D unit of Rosatom will provide the new sensors designed for thermal control of NPP process equipment, which will replace the old ones in the internal reactor control systems of the units 1 and 2 of KNPP, the report said.
MoD approves 3 private sector banks to provide financial services in overseas procurement
The defence ministry allowed three private sector banks to provide financial services to it for overseas procurement of military hardware. The banks are HDFC Bank Ltd, ICICI Bank, and Axis Bank.
- Till now, only authorised public sector banks were utilised to provide services like issuance of letters of credit and direct bank transfers to the ministry for overseas procurement.
Kejriwal govt launches ‘Mission Kushal Karmi’ to hone skills of construction workers
Delhi Deputy Chief Minister Manish Sisodia launched ‘Mission Kushal Karmi’ to upgrade the skills of construction workers. The Delhi government launched this programme with the help of Delhi Skill and Entrepreneurship University (DSEU) and Delhi Building and Other Construction Workers Welfare Board, as per an official press release.
Sikkim-West Bengal sign new reciprocal transport agreement
Sikkim and West Bengal have in-principle agreed to a new Reciprocal Transport Agreement (2022) after factoring in all problems with the existing 2007 agreement. After 15 years, the demands of the transporters of both the states of West Bengal and Sikkim have been realised.
- The new Reciprocal Transport Agreement (2022) will include ‘All Bengal’ and ‘All Sikkim’ permit against the earlier agreed permits for only Gangtok, Namchi and Pelling in Sikkim and Kalimpong, Darjeeling and Siliguri in West Bengal, which caused problems for transporters of both the states.
Deutsche Bahn Becomes World’s First Intermodal Partner of Star Alliance
Deutsche Bahn (DB) will become the world’s first Intermodal Partner of Star Alliance, effective 1 August 2022.
- Star Alliance’s Intermodal Partnership model combines airlines with railway, bus, ferry or any other transport ecosystems, alliance-wide. It is designed to link loyalty systems and facilitate seamless airport/station/port transit.
- While Germany is the first market and DB is the world’s first partner in the new initiative, Star Alliance has plans to further expand the number of intermodal partnerships in the future.
BANKING & FINANCE
Fi Money launches Ally Annexure: a financial inclusion initiative
Bengaluru-based neobank Fi Money has launched an initiative to help LGBTQ customers gain better access to financial services. While still at its initial stages, the ‘The Ally Annexure’ initiative aims to educate institutions about being more accessible to queer customers’ financial needs.
- The initiative was launched in partnership with Pride Circle, a diversity and inclusion firm.
- It will be supported by Fi Money’s banking partner – Kochi-based Federal Bank.
HDFC ties up with Salesforce to ‘reimagine the customer lifecycle’
Mortgage lender HDFC Ltd has partnered with software firm Salesforce to support the company’s growth priorities.
- Mulesoft with its innovative API-led integration approach and low code integration capabilities, will help HDFC innovate quickly around connecting systems and help create new experiences, it said.
BUSINESS & ECONOMY
NTPC REL joins hands with GACL to set up India’s first commercial-scale green ammonia project
NTPC Renewable Energy Limited (NTPC REL), a fully-owned subsidiary of NTPC, signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Limited (GACL) to collaborate in setting up India’s first commercial-scale Green Ammonia and Green Methanol projects.
OPEC Secretary-General Mohammad Barkindo passes away
OPEC’s secretary-general, Nigeria’s Mohammad Barkindo, has passed away at the age of 63, leaving the oil cartel in “shock” at a tumultuous time for the markets.
- Barkindo had headed the Organisation of the Petroleum Exporting Countries since 2016 and was scheduled to be replaced by Kuwait’s Haitham Al-Ghais next month.