Current Affairs

24^th August 2022

Nirmala Sitharaman launches the National Monetisation Pipeline

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman has launched the asset monetisation pipeline of Central ministries and public sector entities: ‘National Monetisation Pipeline’.

Asset Monetisation, means a limited period license/ lease of an asset, owned by the government or public authority, to a private sector entity for upfront or periodic consideration.

Paytm & HDFC Bank tie-up to provide solutions across payment gateway

HDFC Bank and Paytm have partnered to build comprehensive solutions across payment gateway, point of sale machines and credit products. This includes Paytm Postpaid which is a Buy Now Pay Later (BNPL) solution, Eazy EMI and Flexi Pay.

The partnership will also deliver enhanced SmartHub solutions to the market. HDFC Bank SmartHub solutions is an integrated platform offering merchants a one-stop solution shop for all their business needs payments.

First: HDFC Bank will drive me

India, ADB sign $500 million loan to expand Metro Rail Network in Bengaluru

Asian Development Bank (ADB) and the Government of India have signed a $500 million loan to expand the metro rail network in Bengaluru with the construction of two new metro lines totalling 56 km in length

2nd Indo-Qatari joint Naval Exercise “Zair-Al-Bahr” in Persian Gulf

The second edition of the joint naval exercise, Zair-Al-Bahr, between the Indian Navy and Qatar Emiri Naval Force (QENF) was conducted between August 9 and 14 in the Persian Gulf. This edition of the exercise included a three-day harbour phase followed by a two-day sea phase.

IIT Madras develops India’s first indigenous motorised wheelchair ‘NeoBolt’

IIT Madras has developed India’s first indigenous motorized wheelchair vehicle named ‘NeoBolt’, which can be used not only on roads but even on uneven terrains. It has a maximum speed of 25 kmph.

Jitendra Singh launches “Yuktdhara” portal to facilitate planning of new MGNREGA assets

The Union Minister of State (Independent Charge) for the Ministry of Science and Technology, Jitendra Singh launched a new Geospatial Planning Portal under Bhuvan named “Yuktdhara” to enable the planning of new MGNREGA assets using Remote Sensing and GIS-based information.