Current Affairs January 23, 2017
Utkarsh Micro Finance and Suryoday Microfinance launched their small finance bank.
Utkarsh Micro Finance (headquartered in Varanasi, Uttar Pradesh) and Suryoday Microfinance (headquartered in Mumbai, Maharashtra) have commenced banking journey, making it double bonanza for the country’s unbanked population. With this the number of Small Finance Banks in the country rises to 4.
- Before this, Capital Small Finance Bank (headquartered in Jalandhar, Punjab) and Equitas Small Finance Bank (headquartered in Chennai, Tamil Nadu) have begun their journey as small finance banks.
Swiss Re receives IRDAI approval to open branch in Mumbai
Wholesale reinsurance provider Swiss Re (headquartered in Zürich, Switzerland) has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in the city.
- With the composite branch licence, Swiss Re will be able to operate in India and offer both non-life and life and health reinsurance solutions directly to clients and brokers in the country
MobiKwik deal with Medanta, Fortis
MobiKwik, a mobile wallet company, has announced national tie-ups with Fortis Healthcare Ltd and Medanta to power digital payments at the two most prestigious super-speciality hospitals.
Banking board to organise ‘know your rights’ programme in urban, rural areas soon
In a bid to create awareness about a bank’s commitment towards their customers, the Banking Codes and Standards Board of India (BCSBI) will organise “Know Your Rights” programme in select urban and rural areas of the country to enhance awareness on Banking Codes at the grassroot level
With Russia’s help, India to increase train speed to 200 kmph
Russian Railways is helping India’s national transporter increase the speed of its passenger trains up to 200 km per hour.
- Currently, the fastest train in India is Gatimaan Express with top speed of 160 km per hour.
UK experts launch project to tackle Delhi air pollution risks
Indian and British experts are joining hands on a project to help tackle health problems associated with air pollution in Delhi, which affect some 46 million people in and around the country’s capital city.
- With air pollution levels at times up to 30 times greater than those found in the UK, Delhi was rated the most polluted city in the world for ambient air pollution by World Health Organisation (WHO) in 2014.
3-day Arogya Mitra conference held at Silchar, Assam
Assam launches ‘Chief Minister’s Award’ to reward districts adopting digital payments
Assam Chief Minister Sarbananda Sonowal, announced that a ‘Chief Minister’s Award’ would be given to the best performing district in adopting digital payment methods and familiarising cashless transactions among a large section of people.