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Lockdown impact: 42% Indians have increased use of digital payments, says report

The National Payments Corporation of India (NPCI) has been urging Indians to use more digital payment methods, so that people do not step out even to go to the ATM, reduce social contact and curb the spread of Covid-19.




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Despite zero MDR, RuPay transactions start slipping

According to the Pradhan Mantri Jan Dhan Yojana (PMJDY) website, the total number of RuPay cards issued so far stands at over 290 million.




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Short-term impact of COVID-19 will be severe in all segments: K Paul Thomas, CEO, ESAF

ESAF has more than 96% of its exposure in the micro-segment with the average ticket size of the loan being Rs 33,000.




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Kotak Mahindra Bank cuts savings account interest rate; effective from April 20

Kotak Mahindra Bank, which has revised interest rate on daily balances in savings account multiple times over the past year or so, has again made a change.



  • Banking & Finance
  • Industry
  • Kotak Mahindra Bank

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Kotak Mahindra Bank board to consider fundraising proposal this week

In a recent report, global ratings agency Standard & Poor's had said Kotak Mahnidra Bank can weather the challenges that will be posed by the infections and affirmed its rating on the lender.




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Cash loses, digital transactions win: More people go online to transfer money in March: RBI data

Digital transactions have gained new heights in the month of March as India announced a lockdown due to coronavirus. The total value of Real Time Gross Settlement (RTGS) transactions also witnessed a spike.




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COVID-19 effect: Most applied for moratorium out of caution, not stress, says HDFC Bank

The percentage of applicants is in low single digit as a share of the loan book, the bank said, but this could go up as it has not put a deadline or a cut-off for people to apply.




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Covid-19 impact: Asset quality could come under stress, says IndusInd Bank CEO

The lender’s gross NPAs stood at 2.45% of gross advances as on March 31, 2020, up from 2.18% on December 31, 2019, while the net NPA ratio stood at 0.91% of net advances as on March 31, 2020, down from 1.05% on December 31, 2019.




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RBI Governor Shaktikanta Das to hold meeting with bank chiefs on Saturday

The meeting will take stock of implementation of several steps announced by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures to support the industry.




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Lockdown effect: Micro ATM transactions double to 1.13 crore per day

The development also shows the government's push for digital technology has enabled people to access banking services even when the pandemic spread its tentacles.




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Yes Bank’s deposit woes continue as CASA slides 63% y-o-y

Analysts say that some of these accounts availing moratorium could very well have turned defaulters in the ordinary course of business, but the moratorium delays recognition by a few months.




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Stressed assets: Lenders may create bad bank, says SBI chief

In an interview with CNBC TV18, Kumar said the time is right to set up a structure, along the lines of a bad bank, given there are adequate provisions for existing non-performing assets (NPAs).




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Humans in India survived Toba supervolcano eruption; Here’s how 74,000 year-old event developed Homo Sapiens

Some schools of thought suggest that the eruption pushed Earth into volcanic winter that lasted as long as six years and the planet Earth had to endure a longish cooling period of a thousand years.




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Trade and commerce in Sindhu-Saraswati civilisation: Know about the Srenis or guilds of ancient India

Since our FM mentioned the Sindhu-Saraswati civilisation or the Harappan culture, it is prudent that we start our journey from there.




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Coronavirus silverlining! NASA images show drop in China’s air pollution after lockdown

In a preliminary analysis, NASA researchers compared NO2 values detected by OMI in 2020 with the average amounts detected at this time of year from 2005-2019.




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ISRO to launch GISAT-1 satellite on GSLV rocket as high as a 16 storey building!

The launching vehicle of GISAT 1 has evinced much interest before the launch of the mission. GSLV -F10 is a humongously tall vehicle - as tall as a Sixteen storey building, and weighing approximately 4,20,300 kilograms..




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National Chambal sanctuary, home of gharials and Gangetic dolphins, declared eco-sensitive zone

Gangetic dolphins, gharial and freshwater turtles are among the major species found in the region. More than 75 per cent of the critically endangered Gharial population is based in the sanctuary.




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Here is what ISRO’s new geo imaging satellite GISAT-1 can do

As the date of launch nears, Indian Space Research Organisation (ISRO) in a tweet has revealed what it’s geo Imaging Satellite, GISAT-1 can do




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ISRO’s Gaganyaan: SAIL’s Bhilai plant sending high strength special steel to make satellite launch vehicle

Special grade steel plates have been procured from the Bhilai plant of the Steel Authority of India Limited (SAIL) to be used in the launch vehicle.




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GISAT-1 launch: ISRO postpones March 5 launch; Here’s why

ISRO's GISAT-1, which weighs around 2,268 kgs, was slated to be the first Earth observation satellite to be placed in the Geosynchronous Transfer Orbit.




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NASA records highest resolution pictures of Mars! Check out 360-degree panorama captured by Curiosity rover

Curiosity's project scientist at NASA's Jet Propulsion Laboratory Ashwin Vasavada said that it is the first time that NASA has dedicated its operations to capture a 360-degree panorama.




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Elon Musk powers NASA! SpaceX spacecraft Dragon carries NASA cargo to International Space Station

Ever since Dragon became the first private spacecraft to visit the ISS in 2012, it had spent 520 days at the International Space Station




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Stephen Hawking: Here are top groundbreaking theories from the British scientist on his death anniversary

The famous scientist, who battled amyotrophic lateral sclerosis (ALS), a motor neurone disease for over 50 years, passed away at the age of 76 on March 14, 2018.




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Coronavirus: How is NASA dealing with COVID-19? Here’s the space agency’s action plan

Coronavirus: A week ago, an employee at the NASA’s Ames Research Centre in California was tested positive for the virus.




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Large asteroid approaching Earth! How dangerous will it be? NASA answers

The space rock will pass the earth at a distance 4.6 times of distance between the Moon and Earth.




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Coronavirus hits moon mission: NASA suspends work on Moon rocket

The space agency is shutting down its Michoud Assembly Facility in New Orleans, where the Space Launch System rocket is being built, and the nearby Stennis Space Center, administrator Jim Bridenstine said late Thursday.




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Coronavirus: China lockdown may have blocked 700,000 virus cases, say researchers

The Wuhan shutdown delayed the arrival of the virus in other cities, their model showed, giving them time to prepare by banning public gatherings and closing entertainment venues, among other measures.




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Air quality improves in India amid coronavirus lockdown, says Central Pollution Control Board

The nationwide 'Janta Curfew' on March 22 and the 21-day lockdown imposed since March 24 to combat the coronavirus outbreak have resulted in a significant improvement in air quality.




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Space jam! Over 12,000 aspiring astronauts apply for NASA’s Moon, Mars mission! Check details

A total of 12,000 applicants applied to become astronauts at the National Aeronautics and Space Administration (NASA).




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Coronavirus and space technologies: Satellites to fight with COVID-19!

First and foremost, through the recent COVID-19 crisis, satellite technology is found proving its utility for support.




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China to launch communications satellite named after Wuhan

Despite its proximity to the epicentre of the novel coronavirus pandemic, the company staff worked hard to ensure the success of the mission, state-run Xinhua news agency reported.




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COVID-19 lockdowns didn’t make Earth shake less, but improved quake detection, scientists say

Seismic noise is a relatively persistent vibration of the ground that is usually an unwanted component of signals recorded by seismometers, according to the scientists.




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Experts say coronavirus lockdown may reduce greenhouse gas emissions, but it’s only temporary

Weeks of lockdown in the country to fight coronavirus may have reduced greenhouse gas emissions enabling people to breathe cleaner air and feast on blue skies, but it is only a temporary phase and will not benefit the environment in the long run.




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Blue skies, reduced emissions only temporary, won’t benefit environment in long run, say experts

Weeks of lockdown in the country to fight coronavirus may have reduced greenhouse gas emissions enabling people to breathe cleaner air and feast on blue skies, but it is only a temporary phase and will not benefit the environment in the long run.




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Expedition 63: NASA astronaut Cassidy, two Russian cosmonauts land on International Space Station

NASA astronaut Chris Cassidy along with two Russian cosmonauts Anatoly Ivanishin and Ivan Vagner reached the International Space Station (ISS) for a six-month-long mission named Expedition 63.




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NASA celebrates 50th anniversary of Apollo 13, a mission known as “a successful failure”

Termed "a successful failure", the spacecraft which had three astronauts- James Lovell Jr, Fred Haise Jr, and John Swigert Jr- on board managed to return to the Earth despite facing an explosion like situation after a blast in its oxygen tank.




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Presence of ‘bat coronavirus’ found in Kerala, Tamil Nadu, says ICMR study

According to the study published in the Indian Journal of Medical Research, there is no evidence or research to claim that these bat coronaviruses can cause disease in humans.




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Second Earth? Data from NASA’s Kepler telescope helped discover exoplanet with habitable conditions; details

The planet, being called Kepler-1649c, was discovered by the team when they were looking through the data of previous observations from the Kepler telescope, which had been retired by NASA in 2018.




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Can we handle another disaster in chorus with COVID-19?

For any administration, it is extremely important to remain prepared for various possible eventualities and the likelihood of any country requiring to witness two natural disasters together, just cannot be ruled out.




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PM Modi’s inspiring message on Earth Day: A shout out to all working at forefront to defeat COVID-19

PM Modi also said let us pledge to work towards a cleaner, healthier and a more prosperous planet.




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Elon Musk says SpaceX fixing brightness of Starlink project; here’s how satellites can ’emit bright light’

As part of its large-scale broadband internet connectivity project Starlink, the company has positioned many large satellites in the lower orbits of the Earth.




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Indian-origin girl gets honour of naming NASA’s first Mars helicopter

Rupani, a high school junior from Northport, Alabama, earned the honour of naming the helicopter after she submitted her essay into NASA's "Name the Rover" contest.




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Not just water and sky, dinosaurs also lived in water, a new study has found!

A dinosaur species, one of the largest carnivorous dinosaurs known to man, had a giant fin tail as well as a centre of gravity which was highly suitable for swimming.




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NASA astronaut Sunita Williams to Indian students stuck in US: Stay home, reflect and be part of something bigger

During a virtual interaction, she compared the Indian students' experience to her being in space in a spacecraft “where you don't get to go, see your family and friends and give them a real hug.”




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Tds under dtaa between uae and india on property sale by nri

AN NRI WANTS TO SELL HIS PROPERTY IN INDIA. UNDER I. TAX PROVISIONS THE BUYER IS SUPPOSED TO DEDUCT TDS @ 20% . WHETHER A LOWER RATE IS THERE UNDER THE data BETWEEN UAE AND INDIA?




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Tds rate under dtaa between uae and on property sale by nri

IN MY PREVIOUS QUERY THE WORD SHOULD BE DTAA AND NOT DATA.. THANKS.




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Jammu and Kashmir: Government should hold polls at the earliest, says US

This is a clear evolution of the US administration’s position, especially weeks before the Prime Minister is scheduled to travel to the US for the United Nations General Assembly in New York.




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NZ Immigration: Work Visa Changes Will Improve Migrant Work Conditions

Work visa rules have modified in a move designed by the government to lessen exploitation and promote migrant worker conditions.The latest rules came into force on 7 October 2019, involve workers having a minimum base salary of $79,560 to be eligible…




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Supreme Court says Virtual Courts are not against the concept of Open Court Hearing

In a recent plea by Bar Council of India chairman to Chief Justice of India, it was advised against continuation of hearing via video-conferencing after the lockdown ends, to maintain judicial transparency. The Supreme Court in a press report has sai




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Visakhapatnam Gas Leak

WHAT HAS HAPPENED?While India was already dealing with the increasing number of Covid-19 case and a terrorist attack in Hardwar which martyred 6 military personnel, the nation today woke up to the terrible news of styrene gas leak in the outskirts of