Airtel Payments Bank to sell Bharti AXA Life’s term insurance

i. Airtel Payments Bank has partnered with Bharti AXA Life Insurance to offer a life term insurance plan. 

ii. The product, Bharti AXA Life (Point of Sale) Saral Jeevan Bima Yojana, is a pure life term insurance plan which is aimed at the under insured and uninsured segments in India.

Useful Info-

  • MD & CEO of Bharti AXA Life Insurance: Vikas Seth.
  • MD & CEO of Airtel Payments Bank: Anubrata Biswas.

AYUSH, MeitY ministries collaborates for digitisation of AYUSH sector


i. The Ministries of AYUSH and Electronics and Information Technology have signed a MoU to collaborate on the digitization of the AYUSH sector.

ii. The ministry aims to digitize the entire AYUSH, leading to transformation in the field of health care delivery at all levels, along with greater research, education, delivery of various health care programmes and better drug regulations.

Useful Info-

  • Minister of State (Independent charge) of AYUSH Ministry: Shripad Yesso Naik.
  • Minister of Communications and Information Technology: Ravi Shankar Prasad.

Delhi Police signs pact with SECI for rooftop solar energy systems

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i. Delhi Police has signed a pact with Solar Energy Corporation of India. Under this, the  SECI will support the implementation of grid-connected rooftop solar photovoltaic systems on the establishments of Delhi police.

ii. The Delhi police will set up rooftop solar energy systems in over 200 of its buildingsacross the city.

Useful Info-

  • Chairman of SECI: Praveen Kumar.


Ajay Banga, Azim Premji to receive excellence awards from USISPF

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i. The US-India Strategic Partnership Forum has announced that Mastercard CEO and President Ajay Banga and Wipro Chairman Azim Premji will receive the 2019 Global Excellence Awards.

ii. This is the Second Annual Leadership Summit of USISPF.

iii. They have been honored with the awards for their significant contribution to strengthening economic ties between the US and India.

Business and Banking News

Ola gets green light for London taxi business

i. India’s biggest ride-hailing platform Ola Cabs, has received approval from London’stransport regulator to start private hire vehicles (PHV) in the capital city of the UK. 

ii. Ola will be the first ever platform to offer both PHVs and black cabs in the UK.

Useful Info-

  • CEO of OLA: Bhavish Aggarwal; Headquarters: Bengaluru.

‘Vasool So-Ft’ launched to digitize NPA recovery process

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i. Karnataka Bank Ltd has launched the web tool ‘Vasool So-Ft’ (Vasool So-Fast) for digitalising the Non Performing Asset recovery process of the bank.

ii. The digital tool for the recovery of stressed assets will provide an end to end digital solution. It will enable easy and faster processing, real time information and immediate decision making in the recovery area.

Useful Info-

  • MD & CEO of Karnataka Bank Ltd: Mahabaleshwara MS; Headquarters: Mangaluru.


Ursula von der Leyen elected as next EU president

i. European Commission has elected Ursula von der Leyen as its new president

ii. She will replace Jean Claude Juncker. She has become the first woman to be elected to lead the EU’s executive arm.

Useful Info-

  • Headquarters of European Commission: Brussels, Belgium.


Duty Free shops at Dubai airports to accept Indian currency

i. Dubai Duty Free has announced that Indian Rupee will now be an accepted currency at all the retail outlets of the Dubai airport.  

ii. The move makes the Indian rupee the 16th international currency to be accepted at Dubai’s airports.

iii. Stores at the Dubai Airport will accept notes of various denominations, including 100s, 200s, 500s and 2000s.

First ‘Aadhaar Seva Kendra’ in Delhi and Vijayawada

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i. Unique Identification Authority of India has opened its first ‘Aadhaar Seva Kendra’ in Delhi and Vijayawada.  

ii. The Aadhaar card issuing authority has an ambitious plan to set up 114 such centresby the year end.

iii. These centres will provide the facility to apply for a new Aadhaar card or update the existing ones. These centres are similar to Passport Seva Kendras run by the Ministry of External Affairs.

Useful Info-

  • CEO of UIDAI: Ajay Bhushan Pandey; Founded: 12 July, 2016.

Sports News  

Arjen Robben announces retirement from football

i. Dutch winger Arjen Robben has announced his retirement from football at the age of 35 after a 10-year spell with German giants Bayern Munich. 

ii. He has played 96 international matches for the Netherlands, scoring 37 goals, and starred in the team which reached the 2010 World Cup final.


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