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Daily GK Dose August 12th 2018

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Daily GK Dose August 12th

1. Israel opens visa centre in Kolkata

In a bid to encourage more Indian travellers to visit Israel, the Middle East nation has opened a Visa Application Centre in Kolkata that would cater to West Bengal and seven northeastern states.

  1. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura would come under the purview of the centre, which can also accept visa applications in jurisdiction under the New Delhi centre.
  2. The visa application categories include B1 for employment, B2 for business, tourism and meeting or conference, and A2 for students.

2. Centre sets up GoM headed by Suresh Prabhu to decide on RCEP talks

The government has set up a four-member group of ministers (GoM) headed by trade minister Suresh Prabhu to advise prime minister Narendra Modi on whether to continue with or withdraw from the 16-member Regional Comprehensive Economic Partnership (RCEP) negotiations.

  1. The GoM also includes finance and power minister Piyush Goyal, defence minister Nirmala Sitharaman and housing and urban affairs minister Hardeep Puri.
  2. The GoM will also help India fine tune its strategy for the upcoming RCEP ministerial meet on 30 and 31 August in Singapore.

3. PayPal enters into pact with HDFC Bank

Global technology platform and digital payments leader, PayPal, and HDFC Bank, the largest credit card issuer in India, have entered into a partnership.

  1. It will result in a safer, faster and more convenient payment experience for HDFC Bank cardholders and help drive incremental digital spend.
  2. This agreement will take effect immediately, with new experiences available to customers that are designed to drive incremental digital spend.

4. BLS acquires SBI business correspondent Starfin India


BLS E-Services, a wholly-owned subsidiary of BLS International Services, has acquired Delhi-based banking business correspondent Starfin India for an undisclosed sum.

  1. Starfin India, a business correspondent (BC) to State Bank of India (SBI), has more than 1,500 active customer service centres across 11 States.
  2. It also holds a national licence for the BC business.

5. HDFC Bank Dy MD Paresh Sukthankar resigns

Private sector HDFC Bank’s Deputy Managing Director Paresh Sukthankar has resigned amid speculation that he may be joining as the chief of another lender.

  1. Sukthankar was widely perceived as a potential successor to HDFC Bank’s CEO and Managing Director Aditya Puri, who is likely to retire by October 2020.

6. UAE top source of inward remittances in 2016-17: RBI

  1. The United Arab Emirates (UAE) has emerged as the top source of inward remittances, while Kerala has received the maximum funds sent from abroad, according to the Reserve Bank of India’s survey of inward remittances for 2016-17.
  2. UAE’s share in total remittances was 26.9%, followed by the United States (22.9%), Saudi Arabia (11.6%), Qatar (6.5%) and Kuwait (5.5%).
  3. According to the survey, 82% of the total remittances received by India originated from eight countries — UAE, the U.S., Saudi Arabia, Qatar, Kuwait, Oman, the United Kingdom and Malaysia.
  4. Among destinations, Kerala has the highest share with 19%, followed by Maharashtra (16.7%), Karnataka (15%), Tamil Nadu (8%) and Delhi (5.9%).

7. Jammu and Kashmir gets first woman Chief Justice

Justice Gita Mittal took oath as the first woman Chief Justice of Jammu And Kashmir High Court.

  1. The ceremony was administered by Governor Narinder Nath Vohra at Srinagar.
  2. Mittal had been previously appointed as the Chief Justice of the Delhi High Court on April 14, 2017, after the retirement of Chief Justice Gorla Rohini.

8. Anant Bajaj of Bajaj Electricals passes away at 41

Anant Bajaj, business magnate and the only son of Bajaj Electricals Chairman Shekhar Bajaj passed away.

  1. According to reports, Bajaj, who was 41 years of age, suffered a cardiac arrest around in Mumbai.
  2. Bajaj was the managing director of Bajaj Electricals and was appointed on the post two months ago.

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