Weekly Current Affairs September 2018: 4th Week

Weekly Current Affairs September 2018: 4th week

Banking and Financial Awareness: 

  • PayU India has received approval from Reserve Bank of India’s (RBI), to operate its own non-banking financial company (NBFC).
  • To provide some succour to road accident victims, Insurance regulator IRDAI has raised the minimum insurance cover for owner-driver to Rs. 15 lakhs for a premium of Rs. 750 per annum.
  • To provide life insurance solutions, especially at the doorstep of every household in the country, India Post Payments Bank (IPPB) and Private Life Insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) entered into a strategic partnership.
  • Amalgamation of Bank of Baroda, Vijaya Bank, and Dena Bank has proposed by the government, to create India’s 3rd largest globally competitive Bank.
  • National Bank for Agriculture and Rural Development (NABARD) has approved Rs 65,634.93 crore loan so far to 93 prioritised irrigation projects under the government's flagship scheme Pradhan Mantri Krishi Sinchai Yojana (PMKSY).

Appointments

  • Scientist Kamlesh Nilkanth Vyas appointed as the secretary of the Department of Atomic Energy and chairman of the Atomic Energy Commission.
  • Tajinder Mukherjee appointed as Chairman and Managing Director of National Insurance Company Limited (NICL).
  • SBI Appoints Prashant Kumar as Chief Financial Officer (CFO).

Honour, Awards and Ranks

  • Anushka Sharma Receives Smita Patil Award during the 34th anniversary of Priyadarshni Academy Global Award, in Mumbai.
  • Dr. Raghupati Singhania, Chairman and MD, JK Tyre & Industries Ltd Conferred with Civilian Honour of Mexico.
  • For beating the odds in water with their enduring skills and sailing across the world for eight long months, All-women crew of INSV Tarini has bagged the prestigious Tenzing Norgay National Adventure award.
  • For innovative marketing campaigns, Kerala Tourism has won two prestigious gold awards of the Pacific Asia Travel Association (PATA).
  • India ranks third globally in terms of number of family-owned businesses with 111 companies, published by the Credit Suisse Research Institute (CSRI).
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