Allahabad Bank to close the lone foreign branch in Hong Kong
State-owned Allahabad Bank recently said it proposes to close its only foreign branch in Hong Kong as part of the rationalization of its overseas operations. In compliance with the government’s directives under PSBs’ reform agenda, the bank has initiated various steps, Allahabad Bank said in a filing to stock exchanges.
100 crore needed to recalibrate ATMs for new Rs. 100 notes, says ATM operations industry
The ATM operations industry on 20 July said the introduction of a new Rs. 100 note creates many challenges and an investment of Rs. 100 crore will be required to recalibrate the country’s 2.4 lakh machines. The RBI had yesterday announced that it will soon issue a new Rs. 100 note in lavender color having motif of ‘Rani ki vav’, a stepwell located on the banks of Saraswati river in Gujarat’s Patan. The dimension of the banknote will be 66 mm x 142 mm, making it smaller than the current Rs. 100 notes as against the current note’s dimension of 157 mm x 73 mm. The earlier notes continue to be legal tender.
WhatsApp to cap number of forwards to 5 chats per user
To address the profusion of fake news being spread through forwards, and the government’s growing discontent with WhatsApp in tackling the issue, the messaging platform recently said it is experimenting with a limit on the number of chats a message can be forwarded to. In India, WhatsApp is trying a limit of 5 chats, as against 20 for the rest of the world. The current limit is 250 chats.
Infosys Foundation signs MoU with BMRCL
Infosys Foundation signed a memorandum of understanding (MoU) with Bangalore Metro Rail Corporation Limited (BMRCL) to build a metro station at Electronics City and maintain it for 30 years. The Foundation would be spending up to Rs. 200 crore to build the station at Konappana Agraharam, near the Infosys campus.
Harvard signs MoU with Jindal university
Harvard University and O P Jindal Global University have signed a Memorandum of Understanding (MoU) to expand their collaboration in research and educational activities in the field of human rights, development, and public health. The two universities have agreed for a student engagement through an annual teaching session at Harvard for Jindal students.
Wrestling Federation’s Brij Bhushan appointed as Asian Games head
The Indian Olympic Association (IOA) has appointed Wrestling Federation of India (WFI) president Brij Bhushan Sharan Singh as the incharge of the upcoming 18th Asian Games. The 2018 Asian Games are slated to be held from August 18 to September 02 in the Indonesian cities of Jakarta and Palembang.
India to play ‘historic’ football friendly against China
All India Football Federation (AIFF) has confirmed that India’s senior football team will play a friendly match against China during the FIFA window of October 8 to October 16. Terming the occasion as ‘historic,’ AIFF General Secretary Kushal Das said that it is an amazing opportunity for two of the fastest emerging football markets and it will help in reviving the neighborhood rivalry.
IOC adds 7 medal events to 2022 Beijing Winter Games
Planning for its next three Olympic Games, the International Olympic Committee (IOC) has added seven medal events to the 2022 Beijing Winter Games, published a 2020 Tokyo Olympics schedule with no agreement on when to race swimming finals, and set a timetable to add new sports to the 2024 Paris Olympics. The next Winter Olympics will now include: women’s monobob, Big Air freestyle skiing for men and women, plus mixed team events in short track speed skating, ski jumping, ski aerials and snowboardcross.
J P Nadda addresses 8th BRICS Health Ministers’ Meeting at Durban
“India affirms strong support for TB cooperation plan in every aspect as agreed upon in the 6th BRICS Health Ministers’ meeting held in Delhi in 2016 and in the first High-Level Meeting of the UN General Assembly on Ending Tuberculosis. “I would like to state that India is committed to eliminating TB by 2025,” the Union Health Minister further emphasized.
India, Japan hold 4th round of Maritime Affairs Dialogue
India and Japan held the fourth round of Maritime Affairs Dialogue in New Delhi on July 19, 2018. During the dialogue, key issues related to the Indo-Pacific region and maritime security were discussed. The Indian delegation at the dialogue was led by Pankaj Sharma, Joint Secretary (Disarmament and International Security Affairs) in the External Affairs Ministry, while the Japanese side was led by Ambassador Kansuke Nagaoka, Policy Planning and International Security Policy in the Ministry of Foreign Affairs.
Veteran Chhattisgarh politician Ramchandra Singhdeo passes away
The former and first finance minister of Chhattisgarh, Ramchandra Singhdeo, passed away on 20 July at a hospital here. The 88-year-old Congress party leader breathed his last at around 1:30 AM in the city’s Ramkrishna Hospital.
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World Economic Outlook – published by IMF
World Development Report – published by World Bank