Chief justice of India NV Raman launches “FASTER” software for electronic delivery of orders

 

Chief justice of India NV Raman launches “FASTER” software for electronic delivery of orders

What is the news :

• CJI N.V. Ramana launches digital platform ‘Fast and Secured Transmission of Electronic Records’
• Days of endless waiting to get a hard copy of a Supreme Court order is over.
• Now, all it takes for the court to do is a soft tap of the ‘send’ button and, may be, a couple of blinks of the eye after with ‘FASTER’, an abbreviation of ‘Fast and Secured Transmission of Electronic Records’, a digital platform formally launched by Chief Justice of India (CJI) N.V. Ramana .
• The platform would be used by the court officials to instantly to send e-copies of the orders through a secured electronic communication channel to intended parties.
• These orders may vary from stay of execution of a person to freeze on the demolition of a slum to bail orders for undertrial prisoners.

India’s first KYC compliant crypto token redemption

 

India’s first KYC compliant crypto token redemption

What is the news :

• Redeemption, India’s first KYC-compliant crypto token, has soft-launched in New Delhi.
• It’s a unique crypto token with which people can earn money rather than time by investing in it.Lastly, it is India’s first crypto token, which users can redeem for fiat money right before its listing on the bourse.

About Redeemption :

• Redeemption is a relatively new Web 3.0 Technology base, patent-filed crypto token that is built on the Binance Smart Chain (BSC) protocol.
• It boasts unique offering models and is developed with the intention of accelerating economic growth and catalyzing the development of promising, tech-oriented startups and SMEs.
• The two main components of the Redeemption symbol are Reward and Redeem.
• There are therefore 2 relevant modules in the Redeemption Mobile App framework.Reward@Store is a store that offers a variety of exciting, promising, tech-oriented mobile applications.
• In Redeem@Market, many leading eCom portals partnering with the company are highlighted, with highlights of key eCom portals.

SBI signs MoU with border security force to offer special benefits through CAPSP scheme

 

SBI signs MoU with border security force to offer special benefits through CAPSP scheme

What is the news :

• Country’s largest Bank, State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Border Security Force to offer special benefits to the serving and retired BSF personnel and family pensioners through the Central Armed Police Salary Package (CAPSP) Scheme.

About the MoU:

• The MoU will ensure extensive benefits to the security forces including complimentary Personal and Air Accidental Insurance (Death) cover, additional cover in case of on-duty death, and Permanent Total Disability / Partial Disability cover.
• The MoU will support child education and the marriage of girl children of deceased BSF personnel.
• The retired personnel will be eligible for complimentary Personal Accidental (Death) Insurance, irrespective of age, whereas family pensioners will be eligible for a bouquet of benefits.

HDFC bank to create third most valuable company in the country

 HDFC to merge with HDFC bank to create third most valuable company in the country

What is the news :

• HDFC Limited will merge with HDFC Bank, creating a banking behemoth.
• The merger is set to make the company the third most valuable in the country.
• HDFC will acquire a 41 percent stake in HDFC Bank through the transformational merger.
• HDFC Limited Chairman Deepak Parekh has described it as a merger of equals. He said mergers will enhance diversity of assets of the combined entity. Mr. Parekh said, this merger will help expand the customer base and build a product portfolio in the housing loan category.

Chief OF Army Staff Presents President Colours To Dogra Regiment

 

Chief OF Army Staff Presents President Colours To Dogra Regiment

WHAT IS THE NEWS :

• General MM Naravane, Chief of the Army Staffpresented the prestigious ‘President’s Colours’ to two battalions of the Dogra Regiment, namely 20 DOGRA and 21 DOGRA during an impressive Colour Presentation Parade held at the Dogra Regimental Centre, Faizabad (UP) on 24 March 2022.
• Army Chief appreciated the rich traditions of the Dogra Regiment in all spheres of military activities to include operations, training and sports.
• The COAS also complimented the newly raised units for their remarkable performance within a short period of time and conveyed his best wishes to all ranks to serve the Nation with pride.

About president’s colours :

• The President’s Colour Awardis the highest honor that can be bestowed upon any military unit of India.

HDFC Bank Adjudged Best Performing Bank in SHG Linkage by NRLM

 

HDFC Bank Adjudged Best Performing Bank in SHG Linkage by NRLM

What is the news:

• HDFC Bank has been adjudged Best Performing Bank in SHG Linkage by National Rural Livelihood Mission (NRLM), Ministry of Rural Development, Govt of India.
• At a function organised at Vigyan Bhavan, New Delhi, the award was presented by Shri Giriraj Singh, Minister of Rural Development to Mr. K Venkatesh, Head – Sustainable Livelihood Initiative, HDFC Bank.
• Notably, HDFC Bank was the only Private Bank to be felicitated for remarkable work in SHGs – by the National Rural Livelihood Mission (NRLM).

RBI fixes WMA limit for states at Rs. 47010 crore.

 

RBI fixes WMA limit for states at Rs. 47010 crore.

What is the news:

• The limits for financial accommodation extended by the Reserve Bank of India to State Governments / Union Territories (UTs) through Ways and Means Advances (WMA), Special Drawing Facility (SDF) and Overdraft (OD) schemes were last reviewed and announcedin October 2021.
• Considering the uncertainties related to the ongoing pandemic, it was decided to continue with the higher WMA limit of ₹51,560 crore for all States, by a further period of six months i.e., up to March 31, 2022.
• On a review of the limits and keeping in view the gradual lifting of Covid-19 restrictions, it has been decided to revert to the WMA limits and timelines for OD for State Governments / UTs as recommended by the Advisory Committee on Ways and Means Advances to State Governments .
• These norms will be effective from April 01, 2022 and are subject to review.

Daily Current Affairs April 06 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

National Maritime Day- 5th April:

• National Maritime Day is annually observed on April 5, 2022.
• The theme of National Maritime Day 2022 is ‘Sustainable Shipping beyond Covid-19’.
• Every year, the day is commemorated to support the global economy, which is the most well-organized, safe, and environmentally responsible way of delivering commodities from one end of the globe to the other.
• National Maritime Day was first celebrated on April 5, 1964.

• The saga of Indian shipping first started on April 5, 1919, when the SS Loyalty, the first ship of The Scindia Steam Navigation Company Ltd travelled from Mumbai to the United Kingdom (London).
• On this day an award called “Varuna” is conferred to those who made an outstanding contribution to the Indian maritime sector.