|An award for digital transformation was given to Karnataka Bank.||It has been recognised as a best practise in digital transformation by the Confederation of Indian Industry (CII).|
For excellent practises in digital transformation within the BFSI (banking, financial services, and insurance) industry, the bank has received the National Digital Transformation Awards, or DX 2022 Awards, from CII.
Three categories of “innovative excellence” are honoured by the awards.
These three categories are customer experience, operational excellence, and staff engagement.
In 2017 and 2021, respectively, the bank introduced the “KBL Vikaas” and “KBL NxT” programmes.
In Mangaluru, Karnataka, there is a Scheduled Commercial Bank called Karnataka Bank. It’s a bank in the private sector.
Its MD and CEO are Mahabaleshwara M. S. Its Part-Time Non-Executive Chairman is P. Pradeep Kumar.
|During Q2 FY23, India imported 7,305 Million Standard Cubic Meters (MSCM) of liquefied natural gas (LNG).||In September, there were 2,365 MSCM of imports.|
The quarter between July and September saw India’s lowest LNG imports since FY18.
In the previous two years, Q2 FY23 saw the second-lowest LNG imports ever.
The least amount of LNG was imported in September 2022 compared to the previous seven months.
India consumed 5,157 MSCM of natural gas in September.
Natural gas is converted to LNG, a colourless, non-toxic liquid after being cooled to -162oC. Natural gas will not ignite when it is liquid. Fertilizer producers and city gas distribution (CGD) businesses are the principal users of LNG.
|The Consumer Price Index Number for Agricultural Laborers (CPI-AL) rose from 6.94% in August to 7.69% in September 2022.||Consumer Price Index Number for Rural Laborers (CPI-RL) rose from 7.26% in August to 7.9% in September 2022.|
In September 2021, the CPI-AL and CPI-RL were at 2.89% and 3.16%, respectively.
For farm labourers, food inflation in September 2022 was 7.47%, up from 0.5% in September 2021 and 6.16% in August 2022.
From 6.21% in August 2022 and 0.7% in September 2021, the food inflation rate for rural labour jumped to 7.52% in September 2022.
The All-India Consumer Price Index Number for Agricultural Laborers for September 2022 grew by nine points to 1,149, according to information provided by the Ministry of Labour and Employment.
The Rural Laborers’ All-India Consumer Price Index Number for September 2022 increased by nine points (1,161 points).
Food category made a significant contribution to the increase in the overall index of agricultural and rural laborer’s.
Haryana saw the largest increases in the CPI- AL and CPI- RL.
Assam saw the greatest decline in the CPI- AL and CPI- RL.
|The Pension Fund Regulatory & Development Authority (PFRDA) has selected Narayana Rao Battu as a Whole-Time Member (Law) .||Battu’s previous position was Additional Secretary in the Law Ministry.|
His appointment will be in effect from the day he takes up the post until he turns 62 years old or until further order, whichever comes first.
Member (Economics) is still an open position. End of May of this year saw vacancies in both positions.
Manoj Anand currently holds the position of Full-Time Member (Finance).
The members are appointed for five-year terms and are up for reappointment.
Pramod Kumar Singh was the PFRDA’s full-time member (Law) prior to Battu.
The India Trade Promotion Organization’s new chairman and managing director is Pradeep Singh Kharola.
The PFRDA board has a chairperson and a maximum of six members. At least three of these members, who will be chosen by the Central Government, must be full-time members.
|CCI has authorised CA Basque Investments and Verventa Holdings permission to purchase up to 10% of YES Bank’s entire paid-up share capital each.||The Carlyle Group includes CA Basque Investments. It is a brand-new special purpose automobile. CA Marans Investments owns all of it.|
An affiliate of the funds handled by Advent is Verventa Holdings. It is a holding corporation for investments. It doesn’t conduct any business in India.
The Yes Bank Board made the decision to issue over 369.61 billion equity shares and 256.75 billion warrants in July 2022.
Additionally, CCI has given the go-ahead for Reliance Polyester Limited to acquire certain of Shubhalakshmi Polyesters Limited and Shubhlaxmi Polytex Limited’s operations.
|In Bengaluru, India, HDFC Securities inaugurated the nation’s first Digital Center (DC) exclusively for women.||Both male and female investors will be served by the centre. A group of women work there as employees.|
Customers from Karnataka, Tamil Nadu, Andhra Pradesh, and Telangana will be served by the centre.
Customers will have access to support whenever they require it thanks to the DCs.
It is a stock brokerage company, HDFC Securities. It is a subsidiary of HDFC Bank and a financial services middleman.
|The Competition Commission of India has fined Google more than 1,337 crore rupees (CCI).||The commission has given Google a deadline in which to change its behaviour.|
It has been determined that Google abused its dominant position in global markets.
According to the commission’s order, Google has maintained its dominant position in the online search industry by preventing other search apps from accessing the market.
Under the Mobile Application Distribution Agreement (MADA), Google has made pre-installation of the whole Google Mobile Suite (GMS) mandatory with no provision for removal.
This unjustified requirement on the gadget producers, in CCI’s opinion, violates competition law.
Following concerns from users of Android-based devices in the nation in April 2019, the CCI commissioned a thorough investigation into the situation.
Android is an open-source mobile operating system that is preinstalled on smartphones and tablets by Original Equipment Manufacturers (OEMs).
In two contracts, the Mobile Application Distribution Agreement (MADA) and the Anti Fragmentation Agreement (AFA), between Google and the OEMs, Google was charged with participating in unethical commercial activities.
|For the second month running, UIDAI led the Grievance Redressal Index.||UIDAI has once again led all Group A Ministries, Departments, and Autonomous Bodies for handling public complaints for the month of September 2022.|
UIDAI excels at resolving complaints made to the public through the Centralized Public Grievance Redress and Monitoring System (CPGRAMS).
The Grievance Redressal Index is made public by the Department of Administrative Reforms and Public Grievances (DARPG).
The UIDAI has a robust ecosystem for handling complaints. Modern Open-Source CRM systems are being steadily rolled out by UIDAI.
Around 92% of CRM grievances can be resolved by UIDAI within a week thanks to its robust grievance redressal ecosystem.
|According to the Mercer CFS Global Pension Index assessment, India was rated 41st out of 44 nations in 2022.||In 2022, the index will be 44.4. India’s index value, which was 40 out of 43 nations evaluated for the Global Pension Index in 2021, showed a slight improvement.|
44 nations representing 65% of global population were analysed for the Mercer CFS Global Pension Index.
With a score of 45.7, India placed 34th out of 39 nations in 2020.
The index evaluates the nation’s pension system based on three subheadings: adequacy, sustainability, and integrity.
In these three subheadings, India received scores of 33.5, 41.8, and 61, respectively.
Leading the survey were Denmark, Iceland, and the Netherlands. Thailand achieved a score of 41.7, which was the lowest.
|In the PMAY-U awards, Tamil Nadu came in third, Madhya Pradesh came in second, and Uttar Pradesh came in first.||In the PMAY-U scheme’s “Best Performing State” category, Madhya Pradesh is placed second in the nation.|
Five “Special Category” prizes went to Gujarat. J&K was recognised as the “Best performing UT.”
Eight categories of the “PMAY Prizes-2021: 150 Days Challenge” were given awards to Madhya Pradesh.
At the “Indian Urban Housing Conclave” in Rajkot, Gujarat, State Minister of Urban Development and Housing Bhupendra accepted the honour on the state’s behalf.
Gujarat and Madhya Pradesh both won the special category prize for Best State for Convergence.
It shared the Best State for Conducting Information, Education, and Communication (IEC) Activity award with Jharkhand and Arunachal Pradesh.
It shared the prize for the Best-Performing State Level Technical Cell with Gujarat and Uttar Pradesh (SLTC).
Each year, the PMAY-U Awards are held to honour the States, Union Territories, and urban local governments for their contributions to the program’s execution.