SunTec launches solutions to help banks with digital transformation
SunTec Business Solutions has launched in London the Xelerate Digital Core, a ‘low-risk approach for banks to accelerate digital transformation without having to replace their functionally stable legacy core systems’.
Xelerate seeks to simplify the process by ‘hollowing out customer engagement functions’ from the core system and managing it as a horizontal cross-enterprise layer.
These include product innovation capabilities, sophisticated customer data management, partner ecosystem and revenue management and pricing
Connaught Place 9th most expensive office market globally: CBRE
New Delhi’s Connaught Place CBD — commercial business district — continues to remain among the 10 most expensive office markets around the globe. It retained its ninth place, same as last year, according to a report by real estate consulting firm CBRE.
According to the report, ‘Global Prime Office Occupancy Costs Survey’, office occupancy cost at Connaught Place CBD is $143.97 per sq ft per annum.
National Museum of Indian Cinema launched NMIC Bulletin
The National Museum of Indian Cinema launched a fortnightly bulletin named “NMIC Bulletin“ It is located in Mumbai, Maharashtra. It brought out by the Films Division with veteran filmmaker Jahnu Barua. It is helpful to have a physical document to cherish and get relevant information for several educational institutions and students of media studies who visit Museum regularly. The Museum which made cinema possible as well as about narrating untold stories behind those cinemas. This museum will give several educational institutions and students of media studies.
Centre launches fertiliser DBT 2.0 initiatives
Central Government has launched the Phase-II of the Direct Benefit Transfer of Fertilizer Subsidy (DBT 2.0). It was launched by Union Minister for Chemicals and Fertilizers, Shri D.V. Sadananda Gowda. The Phase-I of DBT system in Fertilizers (DBT 1.0) aimed at the release of 100% subsidy on various fertilizer grades to the fertilizer companies on the basis of actual sales made by the retailer to the beneficiaries.
Under Phase-II, three new initiatives have been launched:
DBT Dashboards- with details of fertiliser supply, availability and requirement at national, state and district level
PoS 3.0 Software: The Multi-lingual facility would provide Aadhar virtual ID option for registration, login and sale activity in DBT software.
Desktop PoS Version: Retailers with laptops and computer systems can use high-speed broadband service for fertilizer sales.
Deposits in Jan Dhan accounts cross Rs 1 lakh crore
Deposits in bank accounts opened under Jan Dhan scheme have crossed the Rs 1 lakh crore mark.
As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at Rs 1,00,495.94 crore as on July 3.
NABARD to raise Rs 60,000 crore via non-convertible debentures in 2019-20
National Bank for Agriculture and Rural Development (Nabard) will raise long-term funds of Rs 60,000 crore through nonconvertible debentures in the current financial year 2019-20. The own requirement of funds for NABARD is assessed at Rs 30,000 crore. The remaining Rs 30,000 crore will be for the Centre to cover the shortfall in various schemes in rural development and sanitation in FY20. NABARD has already raised Rs 11,000 crore in the first quarter ended June 30, 2019. Chairman of NABARD- Harsh Bhanwala .
Govt to launch 6th tranche of CPSE ETF on July 18; to raise Rs 10,000 crore
The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE Exchange Traded Fund (ETF) which would be launched on July 18, 2019. The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs) — ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN. The follow-on fund offer (FFO) 5 will have a base issue size of Rs 8,000 crore with an option to retain oversubscription of another Rs 2,000 crore.
Delhi – Lucknow Tejas Express To Become India’s First Train Operated by Private Players
The Delhi-Lucknow Tejas Express may become the first train of Indian Railways to be run by private operators. As a part of the 100 Days Action Plan of the Indian Railways, two of its trains will be handed over to the private sector for operation. The custody of the trains will be transferred to IRCTC, which will eventually make plan to rope in private operators for on-board services. IRCTC will pay annual lease charges to Indian Railway Finance Corporation (IRFC) for the train rakes.
Devika Sethi Pens Books Titled ‘War over Words: Censorship in India, 1930-1960’
The book named “War over Words: Censorship in India, 1930-1960” has been authored by Devika Sethi and published by Cambridge University Press. Sethi teaches modern Indian history at IIT-Mandi, Himachal Pradesh. This book recovers, narrates, and interrogates the history of censorship of publications in India over three crucial decades – encompassing the Gandhian anti-colonial movement, the Second World War, Partition, and the early years of Independent India.
Dutee wins 100m gold in World Universiade
Dutee Chand has won the Gold Medal in the 100m dash event at World Universiade. She completed the race in 11.32 seconds. With this, she has become the first Indian woman athlete to win a gold medal in the World Universiade. The Universiade is an international multi-sport event, organized for university athletes by the International University Sports Federation (FISU). It is held once in every two years. This year it is being held in Naples, Italy.
Para-Athlete Toran Yadav Wins 3 Silver Medals for India at World Wealth Yoga Festival and Championship
Toran Yadav, a para-athlete from Khatti village in Mahasamund district of Chhattisgarh has made India proud by winning 3 silver medals at the 4th World Wealth Yoga Festival and Championship held at Bulgaria.