Daily Current Affairs: February 27, 2017

Current Affairs February 27, 2017

Lakshmi Vilas Bank ties with Centrum for its wealthy clients

South-based Lakshmi Vilas Bank has now roped in Centrum group, a leading financial services company, which will now mange the bank’s wealthy clients.

  • The bank’s interested HNI (high networth individuals) clients will be referred to Centrum Wealth for professional wealth management and family office services.

SIDBI expert panel sanctions Rs 1,112 cr to funds for startups

An expert committee set up by SIDBI has sanctioned Rs 300 crore to fund managers who would invest in startups, taking the total sanctions so far this fiscal to over Rs 1,100 crore, the government said today.

  • During fiscal year 2014-15 and 2015-16 sanctions were made to 11 funds (Rs 314 crores) and 16 funds (Rs 607 crores) respectively while the number during the current financial year has already crossed Rs 1,112 crores to 30 funds.

Apollo Munich Enters Into Bancassurance Tie-Up With Dena Bank

Under the tie-up the bank will distribute customised Apollo Munich Health insurance and personal accident policies to the bank’s 20 million customers nationwide

Canara, HSBC and OBC Banks launched iSelect Term Plan

Canara, HSBC, Oriental Bank of Commerce Life Insurance announced launch of iSelect Term Plan (available online), which provides enhanced protection cover for the family at an affordable premium.

States’ fiscal deficit will rise to 3.3% in 2017-18: India Ratings

A report by ratings firm India Ratings and Research (Ind-Ra) estimates that aggregate fiscal deficit of Indian states will increase marginally to 3.3% of gross domestic product (GDP) in FY’18 from its forecast of 3.2% for FY;17.

  • It expects states’ debt/GDP ratio may increase marginally to 24.3% in FY’18 from 24% forecasted for FY’17.

FDI inflow zooms 18% to USD 46 billion in 2016: DIPP

Foreign direct investment (FDI) in India grew 18 per cent during 2016 to touch $46 billion, data released by the Department of Industrial Policy and Promotion (DIPP) showed.

  • The country attracted FDI of $39.32 billion in 2015.

India & Ukraine to strengthen bilateral cooperation through Cinema

India and Ukraine have agreed to strengthen the bilateral cooperation between the two countries through the medium of Cinema.

  • The cooperation would be worked out through a policy and institutional framework to showcase films through the medium of Film Festivals and utilizing the Film Facilitation Office platform established by India.

Minister of Railways Flags off Country’s first Antyodaya Express running between Ernakulam – Howrah

Railways Minister Suresh Prabhu flagged off the fourth Humsafar class of trains and the first Antyodaya class of trains through video conferencing from Rail Bhawan

Railways partners with India Post in parcel business

The Railways will now provide space to postal department and private players to ferry their parcels in the guard’s compartment of some selected trains.

Rajasthan inaugurates medical project RAHAT

Rajasthan Chief Minister Vasundhara Raje inaugurated a medical project Rajasthan Heart Attack Treatment programme (RAHAT), launched by a private hospital in Jaipur.

  • The programme is a ST-Elevation Myocardial Infarction (STEMI), a very serious type of heart attack, management telemedicines platform that captures and transmits patient’s EKG along with clinical history from remote geographical locations to heart command center hub.

Haryana sets up sex ratio monitoring system for Panipat

The Haryana government has set up an online system for Panipat to monitor the sex-ratio in the district as part of the ‘Beti Bachao, Beti Padhao’ programme.

  • The system, called the sex ratio monitoring dashboard, will have the data of child sex-ratio collected from all villages by the Health and Women and Child Welfare Departments every month.
  • The dashboard had been developed in association with National Informatics Centre (NIC) as a pilot project.

Chhattisgarh govt takes governance to people’s doorstep

Chhattisgarh government started a campaign that would run in three phases to take governance to the doorstep of people.

  • In the first phase of the campaign named Lok Suraj Abhiyan, camps would be organised in 11,000 gram panchayats and 168 civic body wards across the state.
  • In the second phase from March 1 to April 2, necessary action would be taken on complaints received from the people.
  • The third phase of the campaign would start from April 2 and continue till April 20. In this phase, the Chief Minister, ministers and senior officials would conduct surprise inspection in the villages and camps.

Radhanagar beach of the Andaman and Nicobar Islands featured in top 10 beaches of World

Radhanagar beach has featured among the top 10 beaches of the World by TripAdvisor, an American travel website company.

  • The beach on the Havelock Island in the Andamans has secured 8th position in the world and top spot in Asia in TripAdvisor’s ‘World’s Travellers’ Choice Award-Winning Beaches’.

Paytm launches new e-commerce platform ‘Paytm Mall’

After seeing an unmatchable success with its mobile wallet, Paytm is now expanding its reach in the e-commerce segment.

  • The company has now launched a dedicated app and website, Paytm Mall, for the online marketplace business. Paytm Mall will focus on structured categories and brand authorised stores.

Tata Communications partners with HPE for roll-out of LoRa network

Tata Communications is partnering with Hewlett Packard Enterprise (HPE) to support the roll-out of the former’s Internet of Things platform, the LoRa network.

  • LoRa is essentially a wireless communication technology dedicated to the Internet of Things (IoT) / Machine to Machine (M2M) communications network. LoRa technology provides for a network that is a low-power, secure, bi-directional which organisations can use to connect objects

Virat Kohli named captain of the year at ESPNcricinfo Awards

India Test skipper Virat Kohli has been named as the ‘Captain of the Year’ at the 10th annual ESPNcricinfo Awards.

  • Kohli led India to nine wins out of 12 Tests in the year gone by.

Jitu Rai-Heena Sidhu win mixed event for 10m air pistol in ISSF World Cup

The duo of Jitu Rai and Heena Sidhu triumphed in the 10m mixed team air pistol event of the ISSF World Cup.

Kalinga Lancers beat Dabang Mumbai to win Hockey India League 2017

Kalinga Lancers beat Dabang Mumbai 4-1 to win the Hockey India League title on their first-ever final appearance. Hockey India League 2017 held in Chandigarh.

Former Union Minister P. Shiv Shankar passes away

Abu Dhabi Global Market, GIFT in financial services pact

The Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) entered into an agreement with Gujarat International Finance Tec-City (GIFT-City) for closer collaboration in financial market activities.

Iran, Russia agree to jointly produce nuclear fuel

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