 State Bank of India will introduce One Time Password (OTP)-based ATM cash withdrawals. The step has been taken to reduce the occurrences of unauthorised transactions happening at ATMs. SBI will introduce one-time password for every cash withdrawal of Rs 10,000 and above between 8 am and 8 pm. The OTP-based cash withdrawal will be effective from January 1, 2020 across all SBI ATMs. When an SBI cardholder will enter the amount of cash he/she wishes to withdraw, a screen will appear asking for the OTP. The customer will then have to put the OTP that the bank will send to the registered mobile number. OTP is a system-generated string of numeric characters that allow users to make a single transaction. The facility will not be applicable at other banks’ ATM as this functionality has not been developed in National Financial Switch (NFS). |
| Source: The Economic Times |
 Jharkhand Mukti Morcha leader Hemant Soren was sworn in as the 11th Chief Minister of Jharkhand. Governor of Jharkhand Droupadi Murmu has administered the oath of office and secrecy to Soren, in the presence of senior political leaders and chief ministers from across states. This will be the 44-year-old JMM leader’s second stint as Jharkhand Chief Minister. In the just-conducted Assembly elections, the JMM, Congress and Rashtriya Janata Dal (RJD) alliance triumphed over the BJP, winning 47 seats in the 81 member House. |
 All India Radio organized the National Symposium of Poets 2020. Select poets of all 22 languages recognized in the constitution participated in the symposium. It is being held every year since 1956. The poets from all corners of the country gave their presentations and captivated the hearts of the people during the symposium. The symposium will be broadcasted on the eve of Republic Day and at all the centers of AIR. |
| Source: The News On AIR |
 Russia’s 1st missile unit equipped with Avangard Hypersonic glide vehicle enters into service. Russia’s defence ministry stated that a new hypersonic weapon with latest strategic missiles of intercontinental range has became operational. The nuclear-capable missiles can travel more than 20 times the speed of sound. They have a “glide system” that affords great manoeuvrability and could make them impossible to defend against. The Avangard can carry a nuclear weapon of up to 2 megatons. Avangard is designed using new composite materials to withstand temperatures of up to 2,000 Celsius resulting from a flight through the atmosphere at hypersonic speeds. |
| Source: The BBC News |
 China has successfully launched its largest carrier rocket “Long March-5“. The rocket was launched from Wenchang Space Launch Center in south China’s Hainan Province. The rocket is also known as CZ-5. It was China’s third attempt to launch the rocket. The Chinese rocket carried the Shijian-20 satellite, a communication satellite and placed it into its designated orbit. The Shijian-20 satellite will lay the foundation for the development of highly sensitive space probes. It is China’s heaviest and most advanced communications satellite in geosynchronous orbit. |
| Source: The Business Standard |
 The Reserve Bank of India has directed large cooperative banks to report all exposures of Rs 5 crore and more to the Central Repository of Information on Large Credits (CRILC). The move is aimed at early detection of financial distress. The aggregate exposure will include all fund-based and non-fund based exposures like partial credit enhancement, including investment exposure on the borrower. As per the new rules, Urban Cooperatives Banks are required to submit CRILC report on quarterly basis with effect from December 31, 2019. The CRILC was created by the Reserve Bank of India. CRILC constitutes commercial banks, all India financial institutions and certain non-banking financial companies with multiple objectives, which, among others, include strengthening offsite supervision and early recognition of financial distress. |
| Source: The Economic Times |
 The Indian Air Force bids farewell to the iconic “MiG-27” with a decommissioning ceremony at the Jodhpur air base. The Mig 27 is a soviet origin aircraft that was built under licence by HAL and became a part of the IAF strike fleet in 1985. The jet contributed significantly in wars and peace-keeping operations and also emerged as the real hero in the 1999 Kargil war. It’s contribution in the Kargil war earned it the title ‘Bahadur’. |
| Source: The DD News |
 The first edition of Mandu Festival begins at Mandu, picturesque fort city of Madhya Pradesh. The event is organized by Madhya Pradesh Tourism Board. The festival will witness a celebration of the historic heritage blended with the modern vibrancy of the city culture. The Mandu festival will offer an eclectic mix of performing arts, workshops, art installations, nature trails, walks, food, architecture and music to the visitors during the festival. The festival is based on the idea of “Khojne Me Kho Jao”. The Mandu festival will redefine the essence of the city & bring about the joy of establishing a new tourism hub in the state. |
| Source: The News On AIR |
 Veteran Political cartoonist Vikas Sabnis has passed away recently. He recently completed 50 years of illustrious career in 2018. He was inspired by Bal Thackeray and RK Laxman. He has also worked as a staff cartoonist at various newspapers, including the Times of India and the Mid-day. He made caricatures and political cartoons on various subjects and issues. These ranges from local to international levels. |
| Source: The News On AIR |
 Raksha Mantri has launched the “DefExpo 2020” mobile app of the forthcoming DefExpo 2020. The app has been developed by Department of Defence Production, Ministry of Defence (MoD). It provides detailed information about the daily events, participating exhibitors, Defence Public Sector Undertakings (DPSUs), guest speakers of seminars/webinars, publications, and directions of the venues and city weather. The main features of the app constitutes inform, engage and feedback. |
| Source: The Press Information Bureau |
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