 Jharkhand’s Mahuamilan station which comes under East Central Railway (ECZ) zone has become 5500th station to get free wifi facility. The RailTel Corporation of India Ltd. (RCIL), the digital arm of Indian Railways, has thus provided free WiFi at 5,500 stations across country. RailTel is a ‘Miniratna’ enterprise that focuses on providing broadband and VPN services. |
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 The National programme driven by TRIFED (Tribal Cooperative Marketing Development Federation of India), Pradhan Mantri Van Dhan Yojana (PMVDY), completed 100 days under Ministry of Tribal Affairs on December 7, 2019. The programme aims at empowering the tribal community. |
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 On December 6, 2019, the Organization of Petroleum Exporting Countries reached a deal deepening their output cuts. They have set the target as 500,000 barrels a day. The action is being implemented in order to eliminate surplus and bolster crude prices |
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 The Reserve Bank of India released guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector. Now payments banks willing to convert themselves into small finance banks (SFBs) can apply for such a licence only after 5 years of operations. Existing payments banks (PBs), which are controlled by residents and have completed five years of operations, are also eligible for conversion into small finance banks after complying with all legal and regulatory requirements of various authorities and if they conform to these guidelines. The licensing window will be open on-tap. The minimum capital for setting up an SFB has been mandated at Rs. 200 crores, adding for primary (urban) co-operative banks (UCBs), which wish to become SFBs, the initial requirement of net worth will be Rs. 100 crores, which will have to be increased to Rs. 200 crores within five years from the date of commencement of business. SFBs will be given scheduled bank status immediately upon commencement of operations. |
| Source: The Reserve Bank of India |
 The United Kingdom(UK) hosted two days organised 2019 NATO (North Atlantic Treaty Organization) Summit in London. The year 2019 marks the 70th anniversary of the summit. It was attended by NATO leaders and chaired by NATO Secretary-General Jens Stoltenberg. The purpose of the summit was to make the heads of state and heads of government of NATO member countries to evaluate and provide strategic direction for Alliance activities. |
| Source: The BBC |
 Commerce and Industry Minister inaugurated the 3rd edition of National Public Procurement Conclave in New Delhi. The conclave has been organized by Government e-Marketplace, GeM in association with Confederation of Indian Industry. GeM epitomizes the speed, skill and scale which is essential in an e-marketplace platform. GeM rests on the three pillars of openness, fairness and inclusiveness and is a symbol of a truly transparent e-marketplace. |
| Source: The News on AIR |
 The Online trucking platform BlackBuck has partnered with private lenders IDFC Bank and Yes Bank to provide FASTags to truck owners free of cost. Truck owners can order FASTags on BlackBuck’s Boss App, a digital services platform exclusively for truck fleet owners, and it will be delivered at their doorstep free of cost until December 31, 2019. The initiative is expected to help over 3 million trucks in India become FASTag compliant. |
| Source: The Economic Times |
 The National Investment and Infrastructure Fund (NIIF) of India and Canada Pension Plan Investment Board (CPPIB) have agreed for CPPIB to invest up to $600 million through the NIIF Master Fund. The agreement includes a commitment of $150 million in the NIIF Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the NIIF Master Fund. The NIIF Master Fund invests equity capital in core infrastructure sectors in India, with a focus on transportation, energy and urban infrastructure. |
| Source: The Hindu |
 HDFC ERGO general insurance company, India’s third-largest non-life insurance provider in the private sector, has launched “my: health Woman Suraksha policy”, a comprehensive medical insurance scheme specially designed for women. The my:health Woman Suraksha policy is specially designed to cover women against numerous illnesses and contingencies they may face during their lifetime, thereby providing financial aid in case of medical contingencies. The benefits include fitness discount at renewals, specially designed preventive health check-ups after every renewal and wellness services like health coaching, nutrition and weight management services, discounts at pharmacies, etc. It also provides counselling on stress management, pregnancy care, work-life balance, etc which is much needed by today’s new age women. This policy is offered to women between 18-65 years of age and offers a sum insured ranging from Rs. 1 lakh to 1 crore. |
| Source: The Business Standard |
 Exercise INDRA 2019 a joint, tri-services exercise between India and Russia will be conducted in India from 10-19 December 2019 simultaneously at Babina (near Jhansi), Pune, and Goa. The contingents of both countries will share expertise and their professional experience. The esprit-de-corps and goodwill shall be the key areas during the exercise which will facilitate the further strengthening of bonds between the defence forces of India and Russia. The INDRA series of exercise began in 2003 and the First joint Tri-Services Exercise was conducted in 2017, It will be a historic occasion for two of the world’s greatest Armed Forces to join hands and successfully conduct an exercise of this magnitude with professionalism, to imbibe the best practices from each other, jointly evolve and drills to defeat the scourge of terror under the United Nation mandate. |
| Source: The Press Information Bureau |
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