i. The country’s largest mobile wallet provider Paytm has got into a strategic tie-up with Florida-based global provider dedicated to banking and payments technologies FIS Global.
ii. The deal size would be worth close to Rs 150 crore over a period of five years.
iii. FIS, a Fortune 500 company, would help Paytm with core banking system.
iv. Paytm payments bank would set up nearly 20 signature branches. In addition, there will be 200 smaller store-like branches and at least 1,000 agents
Mumbai to host BRICS Friendship Cities Conclave in April
i. Mumbai financial capital of India to host BRICS Friendship Cities Conclave in April involving top Urban Policy makers and Planners from BRICS Nations.
ii. A think- tank working to find the solutions for Mumbai Development to make a global financial centre and is inspired by Prime Minister Narendra Modi’s plan to promote cooperation among BRICS Nations.
iii. The BRICS Friendship Conclave is a joint initiative of Ministry of External Affairs and Maharashtra Government to be held between April 14 and 16 this year.
iv. Top level dignitaries from the BRICS Nations and also from Indian Ministers and Chief Minister of the State will attend the Conclave to be inaugurated by the Prime Minister Narendra Modi.
Iran Successfully Test-Fired Several Ballistic Missiles
i. Iran’s Islamic Revolutionary Guards Corps (IRGC) has successfully test-fired several ballistic missiles from silos across the country.
ii. These tests were conducted by IRGC to demonstrate the country’s deterrent power and its ability to confront any threat against the state and the sovereignty of the country.
iii. With this Iran has breached United Nations Security Council (UNSC) resolutions that compel it to refrain from any work on ballistic missiles for 8 years.
iv. After two Iranian missile tests last October, the U.S. announced new sanctions in January against Iranians and companies for helping Iran’s ballistic missile program.
Karnataka Launches Mukhyamantri Santwana Harish Yojana
i. Government Karnataka has launched Mukhyamantri Santwana Harish Yojana to provide free medical treatment to road accident victims for the first 48 hours (2 days) in the nearest government or private hospital.
ii. The scheme has been named after Harish Nanjappa who had donated his eyes moments before his death. He had died as no help was provided to him after he was severely injured in mishap in February 2016 .
iii. State govenment hospitals would be directed not to reject accident victims and they shall be provided proper medical care for first 48 hours and get treatment at any hospital.
NTPC Bags Poll Based Investor Communication Award
i. NTPC has been conferred the Research Investor Communication Award among the “Large Corporates” category .Director Finance of the Company Shri K. Biswal, received the award at a ceremony held at BSE in Mumbai
ii. This award is bestowed for following transparent and fair communication practices by Research Bytes in an independent poll having participation of over 3000 Fund Managers/Analysts/Non Institutional Investors.
iii. The award NTPC’s effort on building a strong ecosystem based on consistent and regular communication with investors across the globe in a fair and transparent manner.
Sun Pharma Signs MS Dhoni As Brand Ambassador For Revital H
i. Sun Pharmaceutical Industries Limited has appointed Indian Cricketer and Captain MS Dhoni as the Brand ambassador for its top selling health supplement Revital H.
ii. This move is in the company’s Pipeline to reposition the brand after 25 years since its launch on the planks of active lifestyle.
iii. MS Dhoni selected as a popular choice basis a consumer research conducted by the company, He is well known for pushing limits and achieving more and perfect combination of physical fitness, strategic thinking and decision making and fits well in the active lifestyle value proposition of Revital H brand.
iv. The Company is also planning to establish a new ad campaign featuring MS Dhoni done by Lowe Lintas which will go live throughout the ICC T20 World Cup.
Reliance Jio To Offer free Wi-Fi at 6 stadiums For T20 World Cup
i. Mukesh Dhirubhai Ambani is an Indian business magnate lead Reliance Jio Infocomm Limited has announced to offer free Wi-Fi services across 6 stadiums in the country ahead of the T-20 World cup.
ii. Spectators of cricket matches in Feroz Shah Kotla in Delhi, Eden Gardens in Kolkata, Wankhede Stadium in Mumbai, Chinnaswamy Stadium in Bengaluru, IS Bindra Stadium in Mohali and HPCA stadium in Dharamshala will enjoy free Wi-Fi during T-20 world cup
iii. The network is supported by 100 Gbps backhaul to ensure 15 Mbps speed for about 40,000 spectators during the matches. It is to be noted that Jio free internet is already provided in certain airports and tourist spots JioNet was made operational at Wankhede stadium during the India-South Africa one-day series in April 2015
Telangana, Maharashtra CMs ink pact on Godavari water projects
i. Telangana and Maharashtra governments will be signing Memoranda of Understanding to construct five barrages across Godavari and Pen Ganga rivers.
ii. MoUs will be held in Mumbai this morning in which Telangana Chief Minister K Chandrasekhara Rao and Maharashtra Chief Minister Devendra Fadnavis will take part.
iii. These two states have already expressed mutual consent to construct barrages at various points on these rivers to benefit farmers in both states, Of the five barrages, Maharashtra Government will take up construction of Rajapet and Penpahad barrages while Telangana will take up Chanak-Korata across Penganga River.
Germany Partners with India to Develop Kochi, Coimbatore, Bhubaneswar As Smart Cities
i. Germany will partner India in turning Bhubaneswar, Coimbatore and Kochi into smart cities, according to German ambassador to India Martin Ney Germany is an ideal partner in India’s mission to create smarter cities as the country is “very strong at smart planning for urban centres.
ii. Germany developed the technologies to make life in cities easier.
iii. They developed the processes to bring on board the stakeholders to make cities thrive and German companies have developed smart solutions to make smart cities.
108-feet Jain Teerthankar idol enters “Guinness book of records”
i. 108—feet tall idol of Lord Rishabhdeva, the first Teerthankar of Jains, carved out of a single rock, has entered the “Guinness World Records” as the world’s tallest Jain statue.
ii. The idol was consecrated last month during a grand ceremony where rituals were performed for several days.
iii. Till now, the 57 feet idol of Lord Bahubali in Shravanabelagola in Karnataka was considered the world’s tallest Jain statue.
iv. The impressive statue is located atop Mangi Tungi mountain near Teharabad village of Baglan tehsil in this North Maharashtra district.
FM Arun Jaitley Rolls Back Proposal To Tax EPF
i. Union Finance Minister Arun Jaitley announced the withdrawal of the budget proposal on taxing Employees Provident Fund, following a backlash in and outside Parliament. He announced to withdraw the proposal while clarifying NDA government’s stand on the issue in the Lok Sabha.
iii. However, government retained the tax proposal for National Pension Scheme (NPS) withdrawals. At present, the entire EPF amount is tax free at the time of withdrawal if the employee has completed five years of continuous service.
iv. Earlier in the Union Budget 2016-17, Union Finance Minister Arun Jaitley had proposed to tax EPF and NPS withdrawals with an effect from 1 April 2016. It was announced that 60 percent of the amount deposited in EPF account of the employee would be taxed at the time of withdrawal and remaining 40 percent would be tax free.
India’s leading Integrated Travel Thomas Cook Signs Strategic Alliance With Western Union Business Solutions And DCB Bank
i. Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, has announced a strategic collaboration with Western Union Business Solutions, a business segment of The Western Union Company, and DCB Bank Limited (formerly Development Credit Bank Ltd.).
ii. Its aims to assist Small and Medium-sized Enterprises (SMEs) in India with their trade payments across borders.
iii. As per the Mr. Mahesh Iyer, Chief Operating Officer, Thomas Cook (India) Ltd.
iv. “This alliance is a pioneering move by Thomas Cook India, to penetrate the high growth Indian SME segment for its international trade payment requirements.
Freecharge partners with Mexico-based movie theatre chain Cinepolis
i. Digital payments platform FreeCharge has partnered with Mexico-based chain of movie theatres, Cinepolis, that aims to provide its customers an easy to use and secure way of making payments.
ii. Cinepolis claims to be world’s fourth largest chain of movie theatre. FreeCharge is the first digital wallet partner for Cinepolis. This partnership will start in the second 2nd of March.
iii. Customers can pay for movie tickets and food and beverages across 38 Cinepolis theatres in 28 Cities. Movie goers will be able to pay using their registered mobile numbers with FreeCharge at the existing card machine’s available at the payment counter.
iv. The transactions will get completed in a secure manner within 10 seconds using the dynamic ‘”On-The-Go-Pin”.
v. Mr. Govind Rajan, Chief Operating Officer, FreeCharge said, “India is one of the fastest growing markets for movie digital payments. Partnership with Cinepolis is a huge opportunity to build the habit of digital payments.
President Pranab Mukherjee presented 2015 Nari Shakti awards
i. President Pranab Mukherjee on 8 March 2016 presented Nari Shakti Puraskar for the year 2015 to 15 women, 5 organisations, one state and panchayat. The awards were conferred on the occasion of International Women’s Day at Rashtrapati Bhawan.
ii. The awards are annually given by the Union Ministry of Women & Child Development to institutions and individuals who have made exceptional contribution towards empowerment of women specially belonging to vulnerable and marginalised sections of society. It carries cash award of two lakh rupees and a certificate for institutions and one lakh rupees and a certificate for individuals.
iii. Haryana was awarded as a state for demonstrating improvement with work in improving Child Sex Ratio (CSR) and Sex Ratio at Birth (SRB) during 2015. Anganwadipuram Gram Panchayat, Mallapuram of Kerala was awarded for their work towards women empowerment.
iv. Through its activities the panchayat helped women to hold leadership roles and promoted women in decision making.