Bankers Adda Daily GK Updates 7 - 8th Sept 2014
WTI and TCL signed MoU to setup India’s first Coral Garden in Gujarat
i. Wildlife Trust of India (WTI) and Tata Chemicals Limited (TCL) in first week of September 2014 signed a Memorandum of Understanding (MoU) to set up India’s first of its kind Coral Garden in Gujarat. This Coral Garden will be set up at Mithapur coastal region of Devbhoomi-Swarka district of Gujarat.
ii. The funds for the project will be borne by Gujarat Forest Department, as WTI also signed a broad MoU with the State also. As per the plan, the coral garden will be helpful in conserving several coral species at one place and will also boost tourism in the State.
India, Bahrain express commitment to enhance bilateral trade, investment
i. India and Bahrain trade and commerce has gathered momentum over the years and is poised to grow more with emphasis on partnerships in key sectors.
ii. External Affairs Minister Sushma Swaraj told in Manama that Bahrain leaders are also looking forward to expand the trade and commerce ties.
iii. Bilateral trade between the two countries has crossed $1,3 billion mark in 2013-14 and is projected to cross $1.5 billion.
iv. India’s export to Bahrain has gone up by more than 80 percent over the past five years from $252 million to $603 million in 2012-13.
v. India’s major non-oil exports include chemicals, compounds of precious metals, boilers, electrical and electronic machinery and vehicles with spare parts.
SBI launches multi-currency international debit card
i. State Bank of India (SBI) in tie-up with MasterCard on Monday launched its first multi-currency international debit card to allow consumers to use a single card to pay in multiple currencies.
ii. “To begin with, the prepaid debit card will enable customers to load four currencies – US dollar, euro, Great Britain pound and Singapore dollar.
iii. The multi-currency foreign travel card gives an option to load currencies of choice at SBI’s branch network.
iv. At present, the card can be issued at an annual fee of Rs. 100 without any interchange fee to customers.
v. Customers will have to pay the traditional ATM withdrawal charges of $1.75 in the US, €1.5 in Europe, £1.25 in Britain and S$2 in Singapore.
v. The card is aimed at corporates and professionals, tourists and students travelling abroad and will be available at 100 SBI branches in four major cities.
WTI and TCL signed MoU to setup India’s first Coral Garden in Gujarat
i. Wildlife Trust of India (WTI) and Tata Chemicals Limited (TCL) in first week of September 2014 signed a Memorandum of Understanding (MoU) to set up India’s first of its kind Coral Garden in Gujarat. This Coral Garden will be set up at Mithapur coastal region of Devbhoomi-Swarka district of Gujarat.
ii. The funds for the project will be borne by Gujarat Forest Department, as WTI also signed a broad MoU with the State also. As per the plan, the coral garden will be helpful in conserving several coral species at one place and will also boost tourism in the State.
India, Bahrain express commitment to enhance bilateral trade, investment
i. India and Bahrain trade and commerce has gathered momentum over the years and is poised to grow more with emphasis on partnerships in key sectors.
ii. External Affairs Minister Sushma Swaraj told in Manama that Bahrain leaders are also looking forward to expand the trade and commerce ties.
iii. Bilateral trade between the two countries has crossed $1,3 billion mark in 2013-14 and is projected to cross $1.5 billion.
iv. India’s export to Bahrain has gone up by more than 80 percent over the past five years from $252 million to $603 million in 2012-13.
v. India’s major non-oil exports include chemicals, compounds of precious metals, boilers, electrical and electronic machinery and vehicles with spare parts.
SBI launches multi-currency international debit card
i. State Bank of India (SBI) in tie-up with MasterCard on Monday launched its first multi-currency international debit card to allow consumers to use a single card to pay in multiple currencies.
ii. “To begin with, the prepaid debit card will enable customers to load four currencies – US dollar, euro, Great Britain pound and Singapore dollar.
iii. The multi-currency foreign travel card gives an option to load currencies of choice at SBI’s branch network.
iv. At present, the card can be issued at an annual fee of Rs. 100 without any interchange fee to customers.
v. Customers will have to pay the traditional ATM withdrawal charges of $1.75 in the US, €1.5 in Europe, £1.25 in Britain and S$2 in Singapore.
v. The card is aimed at corporates and professionals, tourists and students travelling abroad and will be available at 100 SBI branches in four major cities.
