| 1.RBI makes Aadhar linkage mandatory for farmers to avail short-term crop loans in 2017-18. Reserve Bank of India (RBI) said that farmers need to mandatorily link Aadhaar numbers to their accounts to avail subsidised farm loan. In line with the government's policy, the RBI said farmers can avail of short-term crop loans of up to Rs 3 lakh at subsidised interest rate of 7% that could go down to 4% on prompt repayment. The RBI has also announced an interest subvention (subsidy by government) of 2% for the first year on loans that have been restructured following natural calamities. "To ensure hassle-free benefits to farmers under the Interest Subvention Scheme, the banks are advised to make Aadhaar linkage mandatory for availing of short-term crop loans in 2017-18 |
| 2. P R Seshadri appointed MD and CEO of Karur Vysya Bank. Karur Vysya Bank Ltd has informed BSE that the Reserve Bank of India has accorded their approval for the appointment of Shri P R Seshadri as Managing Director & Chief Executive Officer of the Bank for a period of three years from the date of his taking charge as MD & CEO. |
| 3. CCEA approves proposal of DIPAM for strategic disinvestment. The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Department of Investment and Public Asset Management (DIPAM) for the strategic disinvestment. The approval will help in speedy completion of strategic disinvestment transactions. The department will set up an alternative mechanism comprising of the Finance Minister, Minister for Road Transport and Highways and Minister of Administrative Department, to decide on the matters relating to terms and conditions of the sale from the stage of inviting of Express of Interests till inviting of financial bid. |
| 4. Karur Vysya Bank rolled out its first Aadhaar Enrollment Centre in Chennai. Karur Vysya Bank rolled out an Aadhaar Enrollment Centre at its Nelson Manickam Road Branch in Chennai. The facility was inaugurated by D M Gajare, assistant director general, Unique Identification Authority of India (UIDAI), Regional Office, Bengaluru |
| 5.India received most tourists from Bangladesh in 2017. India has received over 20% of its total foreign tourists from Bangladesh between January and July this year, the highest among all countries. While 16.26% of total tourists came from the US, 10.88% were from the UK. The highest number of e-visas were availed by UK tourists with a to 12.9% share preceding US' share of 12%. |
| 6. Union Cabinet has cleared MoU between India and Sweden on IPR. The Union Cabinet cleared MoU signing between India and Sweden on intellectual property right (IPR) cooperation, aimed at benefiting entrepreneurs, investors and businesses. This will enable India to exchange experiences in innovation and IP ecosystems. The MoU establishes a wide-ranging and flexible mechanism through which both countries can exchange best practices and work together on training programmes and technical exchanges to raise awareness on IPRs and better protect intellectual property rights |
| 7. City Union Bank offers instant credit cards. City Union Bank customers can generate a credit card online. The Kumbakonam-headquartered bank introduced the option of an “instant credit card” for free for its Net banking customers. And, the product, which was soft-launched on Saturday, seems to have caught the fancy of its customers instantly. |
| 8.Serena Williams named highest paid female athlete of 2017. American tennis player Serena Williams has topped the Forbes' list of highest paid female athletes of 2017, with $27 million in earnings between June 2016 and June 2017. Her earnings, which include prize money and endorsements, is twice that of any other female athlete. Serena is on a break from tennis as she is expecting her first child in September. |
| 9. Lakshya Sen has clinched the Bulgaria Open International Series title. Young Indian shuttler Lakshya Sen today clinched the Bulgaria Open International Series title after notching up a hard-fought win over Croatia's Zvonimir Durkinjak in the men's singles final in Sofia, Bulgaria. The 16-year-old shuttler defeated second seed Zvonimir 18-21 21-12 21-17 in a 57-minute match. |
| 10. Real Madrid Beats Barcelona to Win 2017 Spanish Super Cup. Real Madrid defeated Barcelona in the second leg of the 2017 Spanish Super Cup to seal the win at the Bernabeu, Spain. Real Madrid football club is a professional football club based in Madrid, Spain founded on 6th March 1902 as Madrid Football Club. |
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