NTPC Limited, India’s largest integrated energy company achieved 69454 MW of group installed and commercial capacity with the commissioning of 56 MW Kawas Solar PV Project at NTPC Kawas, Gujarat

NTPC is steadily lowering its carbon footprint by reducing greenhouse gas emissions through the installation of renewable energy projects in its existing stations as well as putting up green field RE projects.

Former Reserve Bank of India (RBI) Governor D Subbarao is of the view that India can become a USD five trillion economy by 2028-29 only if it clocks an annual GDP growth of nine per cent consistently for the next five years.

Union Minister Jitendra Singh launched India’s first saline water lantern, which uses seawater to power LED lamps. The Minister said Saline Water Lantern will bring “Ease of Living” to the poor and needy, particularly the fishing community living along the 7500 Kilometres long coastal line of India.

According to the Ministry of Earth Science, Singh unveiled the first-of-its-kind lantern named “Roshni” during a visit to SAGAR ANVESHIKA, a Coastal Research Vessel, operated and used by the National Institute of Ocean Technology (NIOT), Chennai for coastal research.

The State Bank of India (SBI) will soon open up its first premium dedicated branch for start-ups in the country in Bengaluru. The bank while making the announcement on Tuesday said that the new branch will facilitate and support start-up companies in the city.

Industry leader Ratan Tata, launched Goodfellows, a senior companionship startup that provides companionship services to senior citizens.

Full service Vistara emerged as the second biggest airline by domestic market share in July with a 10.4% pie of the sky, distantly second to the market leader IndiGo at 58.8%, according to DGCA data. The number two, three and four positions saw airlines separated by just decimal points (see graphic).

Tokyo 2020 gold medallist Avani Lekhara clinched two gold medals of India’s six at the Chatreauroux 2022.

Hails Goa for becoming the first ‘Har Ghar Jal’ certified state; says 10 crore rural houses connected with clean drinking water.

The Border Road Organization (BRO) has planned to build Steel Slag Road in Arunachal Pradesh on a Pilot project basis. According to reports, the Steel Slag Road, which can survive heavy rain and adverse weather conditions, is the first of its kind project of the BRO.

An IIT Kanpur incubated startup company, Kritsnam Technologies has secured a funding of Rs 3.29 crore from the government to develop smart water management technologies.

The Reserve Bank of India (RBI) published an article titled “Privatisation of Public Sector Banks: An Alternate Perspective” in the August 2022 issue of its bulletin.
As per the authors of the article, instead of a big bang approach, a gradual approach as announced by the government would result in better outcomes.

Axis Bank signed an MoU with FCI to provide “Ultima Salary Package”

Axis Bank has signed an MoU with Food Corporation of India (FCI) to provide “Ultima Salary Package” with exclusive benefits & features to all its employees.

Through this exclusive Ultima Salary package, the Bank will offer numerous benefits such as –

Personal Accidental cover of up to Rs.20 lakhs

Additional Education Grantupto Rs. 8 lakhs

Total Permanent Disability Cover benefit up to Rs. 20 lakhs

Permanent Partial disability cover of up to Rs.20 lakhs

Air Accident cover of Rs. 1 Crore

Free additional debit card for a family member

12 EMI waiver on Home loan

3 zero balance accounts for family member

About Axis Bank

Founded – 1993

Headquarters – Mumbai, Maharashtra

Chairman – Rakesh Makhija

MD & CEO – Amitabh Chaudhary

Tagline – Badhti Ka naam Zindag

Recent MoUs

• The Telangana government has joined hands with the United Nations Development
• NASSCOM partnered with Google for DigiVaani Call Center
• RBI and Bank Indonesia signed an MoU to improve mutual cooperation
• RIL partnered with Athletics Federation of India to support Indian Athlete
• Vedanta partners with IIT Madras incubated startup

The Cabinet has approved interest subvention of 1.5 per cent on Short Term Agriculture Loan upto three lakh rupees. Briefing media after the Cabinet meeting in New Delhi, Information and Broadcasting Minister Anurag Thakur said the decision has been taken to ensure adequate credit flow in the agriculture sector.

The Government has notified the appointments of another 11 High Court Judges in the Punjab and Haryana High Court.

 Kerala launched lucky bill app to curb GST evasion

The Kerala government has launched an app named ‘Lucky Bill App’ to curb Goods and Service Tax (GST) evasion.

The app was launched by chief minister Pinarayi Vijayan.

Aim – To encourage the citizen to ask for a bill every time they make a purchase.

The users need to upload original bills of their purchases to win prizes, including a cash prize of Rs 25 lakh.

The app will also offer rewards such as gift packs from Kudumbashree and Vanashree as well as KTDC tour packages.

About Kerala

Capital – Thiruvananthapuram

Chief Minister – Pinarayi Vijayan

Governor – Arif Mohammad Khan

The European Central Bank (ECB) announced that it would harmonise how banks offer crypto assets to ensure they have enough capital and expertise.
The ECB announced banks were also considering whether to get involved in the crypto sector. The European Union lawmakers have described the trading of crypto assets as the ‘Wild West’.

Defence forces, RBI and Prime Minister of India are the three most trusted institutions in the country, according to a survey by Ipsos India. The Supreme Court of India came fourth and it was followed by the Central Bureau of Investigation (CBI).

• HDFC Bank raised $300 million in Non-Resident External (NRE) deposits, offering up to 50 basis points higher than the current rates.
• The Middle East drove the list of new NRI depositors, with the rest of Asia and Europe not far behind.
• The Reserve Bank of India (RBI) has allowed banks to accept FCNR (B) and NRE deposits from the Indian diaspora without any interest rate caps.
• Such relaxations will be effective until October 31, 2022, and November 4, 2022,

The Bureau of the FIFA Council has unanimously decided to suspend the All India Football Federation (AIFF) with immediate effect due to undue influence from third parties, which constitutes a serious violation of the FIFA Statutes.

Former Deutsche Bank co-Chief Executive Anshu Jain passed away in the early hours of Aug. 13 at the age of 59, following a long illness. Deutsche Bank said that Jain had played a crucial role in the development of the group and was “instrumental” in building the company’s global capital markets business

IRDAI invited innovative solutions for insurance sector

Insurance Regulatory and Development Authority of India (IRDAI) is organizing its first hackathon “Bima Manthan 2022” with the theme ‘Innovation in Insurance’.

The hackathon invites participants to identify & develop solutions that have the potential to make the insurance available to every individual in a seamless and swift manner with the use of technology.

The largest lender in the nation, State Bank of India (SBI) has introduced a unique term deposit programme called “Utsav Deposit Scheme”.

The 23rd edition of India International Seafood Show (IISS) is set to be held in Kolkata in February next year.
The seafood show will be organised by the Marine Products Export Development Authority (MPEDA) in collaboration with the Seafood Exporters Association of India (SEAI).

The Delhi High Court on Tuesday directed the setting up of a three-member Committee of Administrators (COA) to take over the affairs of the Indian Olympic Association (IOA)

President Droupadi Murmu has approved 107 Gallantry awards to Armed Forces and Central Armed Police Forces personnel on the occasion of Independence Day 2022.

WPI inflation eases to 13.93 percent in July 2022

India’s wholesale inflation in July eased sequentially to 13.93 per cent as vegetables, milk and fuel became cheaper, but remained in double digits for the 16th month.

Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021.

WPI inflation rate for May 2022 was revised to a record high of 16.63 per cent year-on-year, from 15.88 per cent estimated earlier.

Inflation in food articles basket in July came in at 10.77 percent, meanwhile, the inflation in the manufacturing goods segment declined by 0.42 percent to 8.16 percent.

For the fuel and power segment, the WPI number jumped to 43.75 percent in July, from 40.38 percent in June.

Consumer Price Index (CPI)- CPI (Goods & Services) calculated by NSO under Ministry of Statistics and Program Implementation. (Base year 2012)

• January – 6.01%
• February – 6.07%
• March – 6.95%
• April – 7.79%
• May – 7.04%
• June – 7.03%
• July – 6.71%

Wholesale Price Index (WPI) – WPI (Goods) calculated by DPIIT under Ministry of Commerce and Industry. (Base yeas 2011-12)

• January – 12.96%
• February – 13.11%
• March – 14.55%
• April – 15.08%
• May – 15.88%
• June – 15.18%
• July – 13.93%

William Samoei Arap Ruto (born 21 December 1966) is a Kenyan politician who is the president-elect of Kenya, he is currently serving as the deputy president of Kenya since 2013.

The Rajasthan government introduced the ‘Mukhyamantri Anuprati Coaching Yojana’ in 2021-22. Under the scheme, such students are provided free coaching from reputed coaching institutes.
For the current financial year, the state government has allotted Rs 17.15 crore and the number of seats under the scheme has increased to 15,000. It covers students from scheduled caste, scheduled tribe, other backward classes, minority, economically-backward classes and specially-abled.

• Senior electrochemical scientist Nallathamby Kalaiselvi has become the first woman director general of the Council of Scientific and Industrial Research (CSIR), in two years.
• Kalaiselvi succeeds Mr. Shekhar Mande, who superannuated in April 2022.
• Also, Ms. Kalaiselvi will hold the charge as Secretary, Department of Scientific and Industrial Research, under the Ministry of Science and Technology.
• Since then Mr. Rajesh Gokhale, Secretary, Department of Biotechnology, was given the additional charge of the CSIR