GDP growth recorded at 7.3% in second quarter of current fiscal
The economy expanded 7.3% in the July-September quarter, data released by the statistics office showed, faster than the 7.1% growth reported for the prior three months, but below the 7.6% increase recorded in the year-earlier period.
- Gross value added (GVA) growth in the second quarter was 7.1%, slower than the previous period’s 7.3% expansion.
Federal Bank ties up with Spice Digital
Federal Bank has tied up with Spice Digital for cash management services through the bank’s e-collection facility.
NITI Aayog sets up CMs’ panel on road map for digital payment
NITI Aayog has constituted a committee of chief ministers to examine and promote the use of digital payment systems across the country.
- Andhra Pradesh CM Chandrababu Naidu is the convenor of the 13-member committee. Other members include CMs of Odisha, MP, Sikkim, Puducherry and Maharashtra, NITI Aayog vice chairman Arvind Panagariya, its CEO Amitabh Kant, and five special invitees including Nandan Nilekani, former chairman of Unique Identity Authority of India (UIDAI).
- The committee will evolve an action plan to create awareness and help the public understand benefits of a switch over to digital economy.
Withdrawal limit from Jan Dhan accounts decreased
After the demonetization step of the union government, many people were trying to convert their black money to white by depositing them in Jan Dhan accounts of the poor.
- As reports of growing laundering through the Pradhan Mantri Jan Dhan Yojana accounts came to light, the Reserve Bank of India has now capped the withdrawal limit to Rs 10,000 per month (fully KYC-compliant holders) from the earlier withdrawal limit of Rs 24,000 in a week from such accounts.
- Limited or non-KYC compliant account holders will be allowed to withdraw Rs 5,000 per month from the amount deposited in old currency notes after November 9, 2016, with a ceiling of Rs 10,000.
Insolvency and Bankruptcy Code becomes operational from today
Yes Bank offers digital service sans Internet for rural users
To help rural masses tide over the cash crunch, Yes Bank has launched a new digital transaction service called SIMsePAY through mobile phones that do not need an Internet connection.
- SIMsePAY allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smartphones or Internet.
Naveen Patnaik inaugurates ‘Make in Odisha’
National anthem must in cinemas, rules SC
- “All the cinema halls in India shall play the national anthem before the feature film starts and all present in the hall are obliged to stand up to show respect,” a Bench comprising Justices Dipak Misra and Amitava Roy ruled.
Gujarat temples initiate steps to accept cashless donations
With the demonetisation move resulting in a drop in donations, some of the famous temples in Gujarat have started introducing e-wallets, ATMs with deposit facility and swipe machines to accept cashless donations.
Maharashtra government mulling to start Lata Mangeshkar ‘school of music’
Seeing the contribution of Mangeshkar family to the field of music, Maharashtra government is mulling to start ‘Mangeshkar academy of music’ in the state.
World’s largest solar power plant unveiled in Tamil Nadu
A solar power plant in Kamuthi, Tamil Nadu just became the world’s largest plant. Funded by the Adani Group, the plant was built at a cost of $679 m and was completed in just eight months.
Patanjali to set up Rs 1,666 crore food & herbal park in Noida
Uttar Pradesh Chief Minister Akhilesh Yadav laid foundation of Patanjali’s food and herbal park in Noida to be constructed in 455 acres with investment of Rs 1,666.80 crore.
- The project will not only help youths and farmers of the region but will also create direct employment opportunities for over 8,000 persons and indirect opportunities of 80,000 people.
Salman Khan to be BMC’s face for clean Mumbai drive
Brihanmumbai Municipal Corporation (BMC) has roped in Bollywood superstar Salman Khan as its face for the drive aimed at keeping the city clean, in tune with the Centre’s ‘Swachh Bharat’ campaign.
India can end the HIV/AIDS epidemic by 2030: J P Nadda
Yoga inscribed in UNESCO’s Representative List as Intangible Cultural Heritage of Humanity
Yoga, India’s one of the ancient practices has now been inscribed as an element in the UNESCO’s list of Intangible Cultural Heritage of humanity during the 11th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage held in Addis Ababa, Ethiopia.
Dilip Rath appointed NDDB Chairman for two years
The Government of India has appointed Dilip Rath as Chairman of the National Dairy Development Board (NDDB) for a period of two years from December 1, 2016. Rath has held additional charge of the post of Chairman since August 1.
World AIDS Day: December 1
World AIDS Day is celebrated every year all over the world on 1st of December to raise the public awareness about AIDS (Acquired Immuno Deficiency Syndrome). The day is celebrated by the government organizations, NGOs, civil society and other health officials by organizing the speeches or forums discussion related to the AIDS.
- The theme for 2016 World AIDS Day is ‘Hands Up for HIV Prevention’.