Recently, the Reserve Bank of India has imposed a penalty of Rs 10 crore on HDFC Bank for deficiencies in regulatory compliance found in the bank’s auto loan portfolio. According to RBI, HDFC Bank has violated the provisions of Section 6(2) and Section 8 of the Banking Regulation Act, 1949. After receiving a complaint from…
Salman Rushdie’s book “Language of Truth: Essays 2003-2020” Recently Salman Rushdie has written a book titled “Language of Truth: Essays 2003-2020”. In his new book, Rushdie attempts a defensive casting move. He suggests that his work has been misunderstood and mistreated as literary culture shifts from brio-filled imaginative writing to the humble complacency of “autofiction”,…
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IPL 2021 to resume in UAE in September-October Recently the Board of Control for Cricket in India (BCCI) has confirmed that the second phase of IPL 2021 will be held in the UAE in September-October. In a special general meeting chaired by BCCI President Sourav Ganguly, the Board of Control for Cricket in India (BCCI)…
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A recent banking technology startup, Zeta, has raised $ 250 million from Japanese investment major SoftBank at a valuation of $ 1.45 billion. Zeta became the 14th Indian startup to surpass the $ 1 billion valuations in 2021. SoftBank’s Vision Fund II was the source of investment. However, SoftBank’s investment has resulted in a more…
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India-Israel sign 3-year program for cooperation in agriculture Recently India and Israel have signed a three-year joint work program which will continue till 2023. A joint work program was started with the aim of increasing cooperation in agriculture. Under the new work program, 13 Centers of Excellence (CoE) were set up to make Indian farmers…
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Recently IPS officer Subodh Jaiswal has been appointed as Director of the Central Bureau of Investigation (CBI). He was the most senior officer among the three people elected to the post of CBI Director. Jaisandwith KR Chandra and VS Kaumwere were selected from 109 officials for the top post by a high-powered committee headed by…
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Writer Shivshankar Menon wrote: India and Asian Geopolitics: The Past, Present Recently, Shivshankar Menon has written a book titled ‘India and Asian Geopolitics: The Past, Present’. He was the National Security Advisor and Foreign Secretary to the Prime Minister, exploring these stages in their historical context to tell the story of how India faced many…
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The Reserve Bank of India has recently decided to transfer a surplus of Rs 99,122 crore to the central government for the nine-month accounting period ending March 31, 2021 (July 2020-March 2021). This contingency risk buffer will remain at 5.50%. Also this year RBI has changed its accounting year from July-June to April-March to coincide…
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Six heritage sites included in India’s temporary list of UNESCO World Heritage Sites Recently, Union Minister of Culture Prahlad Singh Patel has announced that it has added about six cultural heritage sites to UNESCO World Heritage Sites. With this, the total number of sites in the UNESCO World Heritage Sites Temporary List has increased to…
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INS Rajput – Indian Navy, the first destroyer of the Indian Navy, was relieved of service on 21 May. It was commissioned on 04 May 1980. After serving for 41 years, it will be closed to the INS Rajput Naval Dockyard at Visakhapatnam. INS Rajput was built by Russia at 61 Communards Shipyard. Its original…
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