The big step taken by SBI

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1.The big step taken by SBI :-

Due to rising fraud in bank accounts, State Bank of India has taken stern steps to further protect the accounts. No other person will be able to deposit the funds in any bank account. Whose account will be, he will be able to deposit money in his account.

When the income tax department asked for information about this, many people had said that they did not know who deposited these funds in their account, when the money was deposited in the accounts of many people during the blockade. These money are not theirs. In this regard, the Income Tax Department had requested banks to make such rules that no person can escape from their responsibility and accountability regarding the money deposited in their account.

This arrangement was also convenient for tire funding. Now the new rules of the bank will be able to stop them. However, the bank has also given the facility that in the special circumstances, the account holder’s permission letter (Authority) can deposit money in the account of another person. This Authority can be of two types, either the account holder should be signed on the money depositing form, or by writing a permit letter from the account holder and taking his signature on it. It must be attached with the money depositing form.

 

This is also the option :-
if the account holder has a green card and an Insta Deposit Card, then any person can deposit money through this card in his account by going to the bank or cash deposit machine.

 

Online transfer is not a problem :-
If you have taken internet banking in your bank account, you can transfer any account to it and transfer money to its account. Even if the account is not added, even a maximum of 20 thousand rupees can be deposited twice in a day.

 

New arrangements have been made :-
‘ new arrangements have been made to facilitate account holders. No one in the account holder’s account will be able to deposit money against his will. ”
– PC Barad, DGM, SBI

 

2.Union Minister for Human Resource Development, Shri Prakash Javadekar launched the Fourth World Conference on Accreditation (WOSA-2018) :-

Union Minister for Human Resource Development, Shri Prakash Javadekar inaugurated the Fourth World Conference on Accreditation (WOSA-2018) in New Delhi. Speaking on the occasion, the Minister said that the ‘merit assessment and division prestige’ are quality criteria of any educational institution, so accreditation becomes important.

He further said that we have to cover every institute under accreditation but now the number of accredited institutions is very low. He said that this could happen for two reasons, firstly that some institutions do not want to come under accreditation and secondly there is some restriction in the system of our accreditation, so that the government increases the capacity of National Accreditation Board and National Assessment and Accreditation Council Wants to be accredited so that more institutions can be accredited.

 

3.Ministry of Defense announced aerososho :-

The Indian government has decided to organize Aero India-India in Bengaluru from 20th to 24th February, 2019. This five-day event will be a combination of aerospace and defense industry’s huge industry exhibition with public air show. In addition to the global leaders and big investors of the aerospace industry, large think-tanks from around the world will also participate in the exhibition. This will provide a unique opportunity for information, new ideas and exchange of new developments in the aviation industry. Apart from promoting the domestic aviation industry, it will also encourage make-in-india. The Department of Defense Production is dedicated to making AeroSo successful and result oriented.

 

4.Union Minister Suresh Prabhu proposed to double bilateral trade with Iran in the next 5 five years :-

Commerce and Industry Minister Suresh Prabhu has proposed to double bilateral trade with Iran in the next five years. It is currently $ 13.8 billion. An official informed about this. The official said that for some reasons the trip to Tehran of the Lord has been postponed.

During the meeting between Abbas Ahmad Akodadi, Road and Urban Development Minister of Prabhu and Iran, there was a discussion on how to increase trade and investment. This meeting is being considered as important among the restrictions imposed by the US on Iran. The US has asked India and other countries to reduce the import of crude oil by four November, otherwise they should be prepared to face the ban. The Lord tweeted after the meeting and said , ” Our discussion focused on enhancing bilateral relations between India and Iran beyond the energy and security sector.” The bilateral trade between India and Iran has increased to $ 13.8 billion in 2017-18 , which This was $ 12.9 billion in the previous fiscal.

 

5.India agreed to supply Sri Lanka to 160 railway passenger coaches under concessional finance system :-

India has agreed to supply Sri Lanka to 160 railway coaches under the concessional finance system. The cost of these coaches is US $ 8.2 million and this amount will be recovered under the concessional financial system.

Regarding supply of these compartments made in India, the agreement was signed between Colombo Company between Indian Company Rights Limited and Sri Lankan Government.

The present contract has been done as part of the loan facility of US $ 31.8 million , which was signed between India’s Export-Import Bank and Sri Lankan Government in June 2017. This loan facility was related to the purchase of railway coaches and modernization of railway lines.

 

6.’Heart’ project will also include the heritage sites of seven cities, CPWD :-

The responsibility of fulfilling those challenging tasks under the ‘ Heart Project ‘ for the development of heritage sites in dozens of mythological and historical significance has been entrusted to the Central Public Works Department, in which the concerned agencies were unable to do so.

Ministry of Housing and Urban Development has entrusted CPWD with some projects to improve the heritage sites of Banaras , Gaya , Mathura , Badami , Amritsar Warangal and Ajmer under Heritage Town Development and Promotion Scheme (HR) . CPWD is generally a central agency specializing in the construction of traditional buildings. A senior CPWD said that these were the pool , the ghats of Benaras , Amritsar historic doors , being caves of Badami and fix them, according to the historical significance of the hive market in Mathura and Holly Gate.

He said that the department has decided to hand over the work to complete the work by November this year. It is worth mentioning that under the HR project, the work of local bodies and the State Archeology department is to be completed by upgrading the civic facilities for repairing the historic sites and tourists around them. In seven other cities of Andhra Pradesh Amravati under , Gujarat Dwarka , Kanchipuram in Tamil Nadu, Velankanni , covers and Puri in Orissa. The project, started in January 2015, is to complete 66 work plans by November 2018 in 12 cities at a cost of about Rs 500 crore.

 

7.Arif Alvi to be administered oath of office in Pakistan :-

In Pakistan, Arif Alvi administered the oath of office. He is a close associate of Prime Minister Imran Khan and is one of the founders of the ruling Pakistan Tehrik-e-Insaf Party. Mr. Alvi was elected as the 13th President on the 4th of this month. Prime Minister Imran Khan and army chief General Kamar Javed Bajwa along with other politicians and military officials will participate in the swearing-in ceremony Dr. Alvi (69), former dentist, defeated Maulana Fazl Ur Rehman of Pakistan People’s Party candidate Aitzaz Ehsaan and Pakistan Muslim League-Nawaz in a triangular contest for the presidential election. Dr. Alvi, the close aide of the Prime Minister, was the party general secretary from 2006 to 2013 and won the Karachi seat in the National Assembly election held on July 25. Existing President Mamnoon Hussain’s tenure ended on Saturday.

 

8.Krishnapatnam Port will invest Rs 500 crore on the freight terminal of liquid substances :-

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Krishnapatnam Port of Andhra Pradesh will invest Rs 500 crores in the next 18 months. From this, he will establish a terminal for the transportation of liquids. As well as expand your ability to handle containers. The port’s Chief Executive Officer Anil Yenduli told PTI- ” We will invest Rs 500 crore in the next 12 to 18 months on the construction of the freight terminal of liquid. As well as expand their ability to handle containers.

He said that this terminal will be able to handle the freight of many different types of goods. For this we have already been in touch with potential customers. Yandiluri said that their target is to increase the capacity of eight lakhs to 20 lakhs of containers with a standard 20 feet unit at the terminal. The target of the port is to manage six lakh containers by the end of fiscal year 2018-19, which was 4.80 lakh containers in the previous financial year.

 

9.Chanda Kochhar and her husband can send summons soon :-

Capital market regulator SEBI (Indian Securities and Exchange Board) can send summons to ICICI Bank CEO Chanda Kochhar and her husband, who are going on holiday soon. It is believed that SEBI can summon these two for questioning. This information is given by an official.

Investigation is underway against Chanda Kochhar for not complying with regulatory regimes in the bank’s business. In addition to the SEBI Kochar couple, some officials of this bank and private sector company Videocon can also call for inquiries. In this case, Kochhar and Bank may face crores of rupees and other restrictions, including a ban on doing business in the stock market and becoming a director of any company.

According to senior officials, SEBI’s board of directors will discuss the issue of various agencies running the ICICI Bank and Kochhar family business in the next week’s meeting. It is believed that in view of the importance of this case for banking system, there is a need to make efforts with synergy from SEBI, RBI and the Government.

 

10.Sensex closes 71 points down at 38326 :-

On Monday the Indian stock market has started with decline. The Bombay Stock Exchange (BSE) index Sensex fell 71 points to 38326 and the National Stock Exchange (NSE) index Nifty is trading at 11560 levels with 28 points weakness.

The worst decline is in the shares of Kotak Bank and Yes Bank. Kotak Bank’s shares are trading 1.38% down at 1230s and Yes Bank is trading at 2.76% with a weakness at 316.95 levels. At the same time, the Midcap and Smallcap index on the National Stock Exchange is showing a weakness of 0.08 percent.