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27th August 2024 Current Affairs Today | Daily Current Affairs | News Analysis Kapil Kathpal

Studyniti - Study with Smriti・2 minutes read

Kapil Katal begins a daily news analysis session on August 27, 2024, covering updates from the Reserve Bank of India, Axis Bank, and various partnerships and schemes across India. The news covers a wide range of topics, from financial partnerships to welfare schemes, emphasizing financial inclusion and empowerment for women and construction workers.

Insights

  • E-mandate allows automatic balance transfer for Fast Tag and NCMC, streamlining toll payments and transportation services without the need for pre-debit notifications, enhancing user convenience and efficiency in financial transactions.
  • The Avani Saving Account by Bandhan Bank caters to women customers, emphasizing financial inclusion and empowerment by requiring a quarterly average balance of up to Rs 2500000, showcasing a commitment to gender-specific financial services and support.

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Recent questions

  • What is Fast Tag?

    Fast Tag is a card for toll payments.

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Summary

00:00

Financial News Update: August 27, 2024

  • Kapil Katal welcomes viewers to his daily news analysis session starting from August 27, 2024.
  • Reserve Bank of India updates the e-mandate framework related to Fast Tag and National Common Mobility Card (NCMC).
  • Fast Tag and NCMC are cards used for toll payments and transportation services, requiring balance maintenance.
  • E-mandate allows automatic balance transfer for Fast Tag and NCMC, exempting pre-debit notifications.
  • Axis Bank launches Yo for Merchants app in partnership with Visa and Mitac for payment solutions and transaction management.
  • Tata Power Solar System partners with ICICI Bank to provide financing for solar units up to Rs 90 lakh with collateral-free options.
  • Bharat Pe partners with Auto Capital for two-wheeler loans and Volt Money for loan against mutual funds.
  • Merchants can avail two-wheeler loans up to Rs 2.5 lakh and loan against mutual funds up to Rs 1 crore.
  • Bandhan Bank introduces Avani Saving Account for Women, requiring a quarterly average balance of up to Rs 2500000.
  • Avani Saving Account offers benefits tailored for women customers, emphasizing financial inclusion and empowerment.

17:41

"Balancing Accounts, Philately Scholarships, and GDP Forecasts"

  • The balance in the account after 90 days should be an average of ₹25,000.
  • Daily balance tracking for 90 days involves varying amounts each day, leading to a total balance of ₹2,500,000 by day 90.
  • The concept of maintaining an average balance is crucial, with examples of how balances fluctuate daily.
  • Goldman Company revises India's GDP growth forecast to 6.7% for 2024 and 6.4% for 2025.
  • The Deen Dayal Sparsh Yojana promotes philately among students, offering scholarships and mentorship.
  • Philately involves collecting and studying postage stamps and related items.
  • The scheme requires students from class six to nine to be part of a philately club and maintain a deposit account.
  • 920 scholarships will be awarded across India, with each postal circle granting 40 scholarships.
  • The Building and Other Construction Workers Management Information System Portal aims to centralize data for construction workers' welfare schemes.
  • India's first Abrasive Water Jet Machine, developed by IIT Madras, is used in various industries for cutting materials without generating heat.

32:43

Odisha launches Subhadra Scheme for women.

  • Odisha Chief Minister Mohan Majhi launched the Subhadra Scheme promising Rs. 1 crore to 1 crore women aged 21 to 60 in five installments of Rs. 10100, with the first payment of Rs. 55000 on Rakhi Purnima and the second on International Women's Day.
  • The Subhadra Scheme will run from the current financial year until 2028-29, providing an annual installment of Rs. 21 to 60 0000 twice a year, with an additional incentive of Rs. 5000000 for the highest digital transaction beneficiary at the Gram Panchayat level.
  • Liquefied Natural Gas (LNG) will be supplied to LTS Dual Fueled Power Plants in Caravella Pitiya Colombo by Petronet LNG, an Indian company, for a 5-year term to fuel 230 MW gas turbines, increasing power generation to 350 MW by the first quarter of 2025.
  • The first-ever Heads of Term Agreement was signed between India, Singapore, and Japan for the transfer of green ammonia from India to Japan, involving Singapore-based Seb Com Green Hydrogen Pte Ltd and three Japanese companies.
  • Brand Finance Food and Drink 2024 report, published by London-based Brand Finance Company, evaluated the world's most valuable food, dairy, and non-alcoholic drink brands using 35 parameters, with the overall brand value of the food and beverage sector increasing by 4% to Rs. 268 billion.
  • Nestle topped the list of the five most valuable food brands, with Amul being the only Indian brand ranked 22nd with a value of 3.3 billion triple A plus, while Coca Cola led the non-alcoholic drink sector and Healy's topped the dairy brands list for the fifth consecutive year.
  • The Sustainable Perception Index (SPV) value for Nestle in the food sector was 1.4 billion, with a positive gap value of 67 million, while Coca Cola had the highest SPV value of 5.2 billion in the non-alcoholic drink sector, and Pepsi-Cola ranked second with a brand value of 35 billion.
  • It is advised to avoid consuming alcoholic or non-alcoholic drinks and opt for natural alternatives like coconut water to maintain a healthy lifestyle and avoid negative impacts on health.

47:17

Healthy diet, new CO, retirements, and more.

  • Avoid consuming sugary foods and opt for natural, pure food for better health.
  • Nestlé appoints Laurent Ferix as the new CO, replacing Mark Nider.
  • Shikhar Dhawan, a renowned Indian cricketer, recently retired from international cricket.
  • Dr. Kalpana Shankar co-founded an international non-profit organization.
  • Peter Lahn Gren, a former tennis player and coach, passed away after coaching Roger Federer.
  • National Award-winning filmmaker, Ut Palen Chakraborty, recently passed away.
  • The first-ever National Space Day was observed on August 23, 2024, inspired by the Chandrayaan mission.
  • Encouragement to attend educational sessions and avoid wasting time and money on unnecessary exams.
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