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Thursday, July 11, 2019


1. UIDAI started its first Aadhaar Seva Kendra in Delhi and Vijayawada
The Unique Identification Authority of India has operationalized its first “Aadhaar Seva Kendra” in Delhi and Vijayawada on pilot basis.
UIDAI has a plan to set up 114 such centres by the end of 2019 covering 53 Indian cities. The estimated cost of the project is between Rs 300-400 crore. i. It is owned by UIDAI.
ASK centres are addition to thousands of centers that are currently being run by post offices and banks and even in government premises (offering similar Aadhaar services).

2. Airtel Payments Bank ties up with Bharti AXA Life Insurance to offer the Bharti AXA Life POS Saral Jeevan Bima Yojana
The first live payments bank in the country, Airtel Payments Bank has partnered with Bharti AXA Life Insurance to offer Bharti AXA Life Point of Sale Saral Jeevan Bima Yojana, a pure life term insurance plan up to Rs 5 lakh which is aimed at the under-insured and uninsured segments in India.
The policy available at Airtel Payments Bank’s 25,000 retail outlets will be expanded to cover over 60,000 banking points.
The customers are offered the option of life cover between 3-5 lakh and it will soon be extended up to Rs 25 lakh.

3. Karnataka Bank launches web tool for NPA recovery process named ‘Vasool So-Ft’
Karnataka Bank Ltd’s Managing Director and Chief Executive Officer Mahabaleshwara MS launched the web tool named ‘Vasool So-Ft’ (Vasool So-Fast) for digitising the Non-Performing Asset recovery process of the bank in Mangalore, Karnataka.
The tool will enable easy and faster processing, real time information and immediate decision making in the recovery area.
It will also enable easy follow-up and enhance overall efficiency in recovery efforts of the Bank.

4. Economist David Lipton appointed as IMF interim leader
International Monetary Fund’s appointed American economist David Lipton as its interim leader.
He replaces Christine Lagarde who was nominated to head the European Central Bank.
Prior to this, Lipton was Special Assistant to the President and served as Senior Director for International Economic Affairs at the National Economic Council and National Security Council at the White House.



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