Here’s your daily summary of Current Affairs.
Paytm Payment Bank ties up with IndusInd Bank for FD facility
Paytm Payments Bank has partnered Induslnd Bank to introduce a facility to create a fixed deposit (FD) when the customer balance exceeds Rs. 1 lakh at the end of the day. Paytm Payments Bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85 percent annual interest.
West Bengal Govt gets its own emblem
West Bengal Chief Minister Mamata Banerjee unveiled the official emblem of the state government, which was recently approved by the Centre. The logo highlights the Ashoka emblem on the top with the theme of “Biswa Bangla” at the centre. Ms Banerjee has also contributed to the design of the emblem. This new logo will be used in all government documents, including government letterheads.
RBI gives permission to TIHCL to operate as NBFC
Telangana Industrial Health Clinic Ltd (TIHCL), a State government initiative, has got RBI clearance to register and function as a non-banking finance company (NBFC). It will be the first State promoted and co-financing NBFC. It had won the SKOCH Platinum Award in September 2017 under the smart governance category in the MSME segment. TIHCL’s Advisor and Director is B Yerram Raju.
Head of MAS named Best Central Bank Governor in the Asia Pacific
The managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, has been named the best central bank governor in Asia-Pacific for 2018 by the UK-based magazine, The Banker. Finance Minister Heng Swee Keat was also given this award in 2011 when he was then MAS’s managing director. Over the last three years, the award went to the central bankers of Vietnam, India and Bangladesh.
Iceland becomes first country in the world to legalise Equal Pay
Iceland has become the first country in the world to legalise equal pay between men and women. In Iceland now it will be illegal to pay men more than women for the work. Under the new rules, companies and government agencies employing at least 25 people will have to obtain government certification of their equal-pay policies. Iceland has been ranked by the World Economic Forum (WEF) as the world’s most gender-equal country. The Capital of Iceland is Reykjavik and its President is Guoni Th. Johannsson.
World Book Fair begins in New Delhi
The World Book Fair started in New Delhi. Environment issues like climate change, global warming, and water pollution will be the main theme for this year’s Fair. The annual book fair will see around 800 publishers from across the country in different languages. Apart from the EU nations, more than 40 countries are participating in the book fair.
Himalayan Hydro Expo 2018 begins in Kathmandu
The Himalayan Hydro Expo 2018 kicked off at Kathmandu, the capital Nepal. President of Nepal Bidya Devi Bhandari inaugurated the exhibition. Delegates from various countries including India, China, Austria, Czech Republic and Norway are participating in the expo. The basic objective of Expo is to unleash massive hydropower potential of Nepal and bring all stakeholders under one roof.
Gemalto launches world’s first biometric card for contactless payments
Bank of Cyprus has selected Gemalto, an international security company for the supply of the world’s first biometric card for both chip and contactless payments. The cards will use a fingerprint recognition instead of a Personal Identification Number to authenticate payments.