ISRO planning to launch French satellite SPOT 7 on June 26
i. ISRO is planning to launch its next rocket PSLV C23 carrying a French remote sensing satellite SPOT 7, along with four others from Sriharikota spaceport on June 26, a senior official said today.
ii. SPOT 7 is an Earth observing satellite, similar to Indian Remote Satellite System (IRSS).
iii. The satellites would be integrated with the launch vehicle on June 16 and heat shield check would be performed on June 18.
iv. Known for its expertise in launching PSLVs with smaller payloads up to 1,600 kg, the national space agency ISRO has earned a name in the space industry, attracting huge sum to the country as foreign exchange
IRDA to launch mandatory pilot on insurance repository system
i. The Insurance Regulatory and Development Authority (IRDA) is all set to launch a pilot on life insurance repository (IR) system.
ii. This is meant for keeping/storing a policy in digitised/de-materialised form to be able access as and when required.
iii. The two-month pilot would be started with effect from July 1, 2014 and it shall be mandatory of all life-insurers and existing five insurance repositories (IR) to participate in the programme, IRDA said in a circular issued on Tuesday.
iv. Each Life insurer shall also issue a minimum of 1,000 or 5% of the total individual policies issued during the launch period whichever is lower in electronic form for each of the IRs. This too shall be however subject to a minimum of 250 policies per IR.
v. For the policies converted/issued in electronic form, within an e-Insurance Account, the IR shall be responsible for providing the mandatory information such as policy status, history, premium dues with facility to print/download wherever necessary.
Kolkata Airport bagged Service Quality Award
i. Kolkata Airport won the Airport Service Quality (ASQ) Award by Airport Council International (ACI) in the category of the best improved airport in Asia Pacific Region. The category includes airports that have experienced the biggest improvement in ASQ rating between 2012 and 2013 in their region.
ii. Apart from this, the Airport Council International conducted airport service quality survey at 11 major airports of AAI including Ahmedabad, Calicut, Chennai, Goa, Guwahati, Jaipur, Kolkata, Lucknow, Pune, Srinagar and Trivandrum. On average ASQ rating, it rated airports managed by AAI 4.14 which is above world average of 4.04 between 1 January and 31 March 2014.
6th International Nuclear Energy Forum ATOMEXPO-2014 held in Moscow
i. 6th International Nuclear Energy Forum ATOMEXPO-2014 was held from 9 to 11 June 2014 in Moscow.
ii. The ATOMEXPO-2014 forum saw signing of international agreements and memorandums by the nuclear sector companies.
About ATOMEXPO
ATOMEXPO International Forum is a major exhibition and business platform for conducting meetings and negotiations between the worldwide leaders of the nuclear power industry. Purpose of the Forum is to provide an opportunity to leaders of nuclear power industry and nuclear power engineering to publicly define the place and role of nuclear generation in the 21st century.
RBI to soon announce rules for on-tap banking licenses'
i. The Reserve Bank of India (RBI) would soon come out with policy guidelines for differentiated banking licenses which would be given on tap, deputy governor of the apex bank R Gandhi said.
ii. Besides, he criticised banks for not extending financial assistance to the micro, small and medium size enterprises (MSMEs) and asked lenders to consider the working dynamics of this sector while extending credit.
iii. The policy guidelines would be put on the public domain first for inviting suggestions from the stakeholders after which applications would be invited, he said.
Note: i. On-tap licensing means the RBI window for granting banking permits would be open through the year.
ii. The RBI recently awarded licenses to micro-finance institution (MFI) Bandhan and finance major IDFC for setting up full-fledged banks.
i. ISRO is planning to launch its next rocket PSLV C23 carrying a French remote sensing satellite SPOT 7, along with four others from Sriharikota spaceport on June 26, a senior official said today.
ii. SPOT 7 is an Earth observing satellite, similar to Indian Remote Satellite System (IRSS).
iii. The satellites would be integrated with the launch vehicle on June 16 and heat shield check would be performed on June 18.
iv. Known for its expertise in launching PSLVs with smaller payloads up to 1,600 kg, the national space agency ISRO has earned a name in the space industry, attracting huge sum to the country as foreign exchange
IRDA to launch mandatory pilot on insurance repository system
i. The Insurance Regulatory and Development Authority (IRDA) is all set to launch a pilot on life insurance repository (IR) system.
ii. This is meant for keeping/storing a policy in digitised/de-materialised form to be able access as and when required.
iii. The two-month pilot would be started with effect from July 1, 2014 and it shall be mandatory of all life-insurers and existing five insurance repositories (IR) to participate in the programme, IRDA said in a circular issued on Tuesday.
iv. Each Life insurer shall also issue a minimum of 1,000 or 5% of the total individual policies issued during the launch period whichever is lower in electronic form for each of the IRs. This too shall be however subject to a minimum of 250 policies per IR.
v. For the policies converted/issued in electronic form, within an e-Insurance Account, the IR shall be responsible for providing the mandatory information such as policy status, history, premium dues with facility to print/download wherever necessary.
Kolkata Airport bagged Service Quality Award
i. Kolkata Airport won the Airport Service Quality (ASQ) Award by Airport Council International (ACI) in the category of the best improved airport in Asia Pacific Region. The category includes airports that have experienced the biggest improvement in ASQ rating between 2012 and 2013 in their region.
ii. Apart from this, the Airport Council International conducted airport service quality survey at 11 major airports of AAI including Ahmedabad, Calicut, Chennai, Goa, Guwahati, Jaipur, Kolkata, Lucknow, Pune, Srinagar and Trivandrum. On average ASQ rating, it rated airports managed by AAI 4.14 which is above world average of 4.04 between 1 January and 31 March 2014.
6th International Nuclear Energy Forum ATOMEXPO-2014 held in Moscow
i. 6th International Nuclear Energy Forum ATOMEXPO-2014 was held from 9 to 11 June 2014 in Moscow.
ii. The ATOMEXPO-2014 forum saw signing of international agreements and memorandums by the nuclear sector companies.
About ATOMEXPO
ATOMEXPO International Forum is a major exhibition and business platform for conducting meetings and negotiations between the worldwide leaders of the nuclear power industry. Purpose of the Forum is to provide an opportunity to leaders of nuclear power industry and nuclear power engineering to publicly define the place and role of nuclear generation in the 21st century.
RBI to soon announce rules for on-tap banking licenses'
i. The Reserve Bank of India (RBI) would soon come out with policy guidelines for differentiated banking licenses which would be given on tap, deputy governor of the apex bank R Gandhi said.
ii. Besides, he criticised banks for not extending financial assistance to the micro, small and medium size enterprises (MSMEs) and asked lenders to consider the working dynamics of this sector while extending credit.
iii. The policy guidelines would be put on the public domain first for inviting suggestions from the stakeholders after which applications would be invited, he said.
Note: i. On-tap licensing means the RBI window for granting banking permits would be open through the year.
ii. The RBI recently awarded licenses to micro-finance institution (MFI) Bandhan and finance major IDFC for setting up full-fledged banks.
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