An economical and luxurious AC Travel experience, Indian Railways’ new 3AC Economy coach begins its services.

Indian Railways has always been committed to the convenient travel of its passengers by developing coaches with improved passenger-friendly features. The new entrant to this developmental journey of Indian Railways is AC Three Tier Economy Class Coach. The new coach has started to offer its service from today.  The first time, the coach has been attached to Train No.02403 Prayagraj- Jaipur Express. The new AC Economy coach has 83 berths as compared to 72 berths in 3AC Coach. Also, the fare structure for this coach is 8% lesser than 3AC Coach.

An economical and luxurious AC Travel experience, Indian Railways’ new 3AC Economy coach begins its services

India Post Payments Bank (IPPB) under the Department of Posts, Ministry of Communications and LIC Housing Finance Ltd (LICHFL), the country’s premier housing finance player, today announced a strategic partnership for providing home loans products to over 4.5 crore customers of IPPB. Through its robust and extensive network of 650 branches and more than 136,000 banking access points, IPPB will make LICHFL’s home loan products accessible to its customers pan-India. 

As part of the Memorandum of Understanding, credit underwriting, processing, and disbursement for all home loans will be handled by LICHFL with IPPB responsible for sourcing. The alliance with LICHFL is part of IPPB’s strategy to expand its range of products and services and to cater to the banking and financial needs of diverse customers, especially unbanked and underserved, across the country. Currently, IPPB is distributing various general and life insurance products through partnerships with leading insurance companies, and credit products is a natural extension for the customers at the last mile. IPPB’s on-ground workforce of nearly 200,000 postal employees (Postmen and GraminDakSevaks) equipped with micro-ATMs and biometric devices through its innovative Doorstep Banking Service will play a significant role in offering LICHFL’s housing loans.

India Post Payments Bank, LIC Housing Finance announces Strategic Partnership for Offering Home Loan Products

Action will be taken against those who misuse online facilities for a learner’s license.

Apprenticeship licenses started to be issued online.

The convicted applicant will be permanently ineligible for the license.

For the convenience of the citizens as well as against the backdrop of the Covid-19 epidemic, the system of online issuance of learner’s license test and learner’s license has been introduced in the Department of Transport from 14th June 2021. While applying for Apprentice License, it is mandatory for the candidate to appear for the examination prescribed by the Central Government. Similar instructions have also been given to the concerned Regional Transport Officers and Deputy Regional Transport Officers, Additional Transport Commissioner Jitendra Patil said in a press release.

The system has received complaints that in some places in the state, the learner’s license test is being given by an unauthorized person other than the candidate. This action will be taken to curb such malpractices.

Action will be taken against those who misuse online facilities for a learner’s licenses.

Chairman of India’s COVID-19 Working Group of the National Technical Advisory Group on Immunisation (NTAGI), Dr N K Arora, spoke to DD News, on India’s COVID-19 Vaccination Drive.

Q. Will, there be a third wave of COVID-19 in India?  

Almost 30,000 – 45000 daily cases on average are being reported in our country for the last several weeks. This is reported mostly from specific geographic regions, especially Kerala, many North Eastern States and a few districts of Maharashtra and some other southern states. If we follow the genomic analysis of SARS-COV-2 viruses circulating during June, July and August, no new variants have emerged and based on serosurvey conducted during July, the ongoing COVID cases represent the susceptible individuals who are not yet immunized; they are affected as part of the last phase of the second wave.

How effective is our COVID vaccine against the Delta variant?

Union Minister for Road Transport and Highways Shri Nitin Gadkari has said that Emergency Landing Facilities will be developed at 19 other places to strengthen the country’s security. Inaugurating the Emergency Landing Facility on National Highway 925A in Rajasthan with Defence Minister Shri Rajnath Singh he said this highway runway will further strengthen the country’s security in protecting the strategically important borders.

Shri Gadkari said at 19 other places in the country on Phalodi – Jaisalmer road and Barmer – Jaisalmer road in Rajasthan, Kharagpur – Balasore road in West Bengal, Kharagpur – Keonjhar road and near Panagarh/KKD, Chennai in Tamil Nadu, on Puducherry road, in Andhra Pradesh on Nellore – Ongole road and Ongole – Chilakaluripet road, in Haryana on Mandi Dabwali to Odhan road, near Sangrur in Punjab, on Bhuj-Naliya road in Gujarat and on Surat-Baroda road, in Jammu and Kashmir in the Banihal-Srinagar road, Leh/Nyoma area in Assam and on the Jorhat-Baraghat road, near Sivasagar, Bagdogra-Hashimara road, Hashimara-Tezpur route and Hashimara-Guwahati road in Assam, Emergency Landing facilities will be developed.

Emergency Landing Facilities will be developed at 19 other places.

CoWIN launches new API: KYC-VS: Know Your Customer’s/Client’s Vaccination Status.

Over 72 crore vaccine doses have been administered since the vaccination campaign against COVID-19 was flagged off on January 16 this year by Honourable Prime Minister Shri Narendra Modi. To provide proof of vaccination for each of these individuals, Co-WIN is already issuing a digitally verifiable certificate. This certificate can be saved on a digital device (smartphone, tablet, laptop etc.) or stored in Digi Locker from where it can be digitally shared as and when required as proof of vaccination. Similarly, at entry points where such certificate is required (e.g., in malls, office complexes, public events etc.), it may be shown in both the digital and physical forms.

However, there may be instances where an entity does not need to see the certificate in full and would just need to know whether an individual has been vaccinated or not. A few of such possible use cases could be as follows:

CoWIN launches new API: KYC-VS

Last week India unveiled the Account Aggregator (AA) network, a financial data-sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and expanding the potential pool of customers for lenders and fintech companies. Account Aggregator empowers the individual with control over their personal financial data, which otherwise remains in silos.

This is the first step towards bringing open banking in India and empowering millions of customers to digitally access and share their financial data across institutions in a secure and efficient manner.

The Account Aggregator system in banking has been started off with eight of India’s largest banks. The Account Aggregator system can make lending and wealth management a lot faster and cheaper.

1. What is an Account Aggregator?

An Account Aggregator (AA) is a type of RBI regulated entity (with an NBFC-AA license) that helps an individual securely and digitally access and share information from one financial institution they have an account with to any other regulated financial institution in the AA network. Data cannot be shared without the consent of the individual.

Know all about Account Aggregator Network.