Indian bank to offer two tier interest rate on Saving Accounts

admin August 14, 2017 Technology
indian bank

Indian bank decided to offer two tier interest rate to customers on saving accounts. The discount will be based on the amount deposited in the saving account which will be as below:

Amount over Rs. 50 Lakh: If the amount deposited in the saving account of Indian Bank is more than Rs. 50 lakhs then bank will apply interest rate of 4% on the amount.

Amount Less than 50 Lakh: If deposited amount in the saving account of Indian bank customer is less than 50 Lakhs, then interest rate will be paid as 3.50%.

The new interest rates will came into effect from 16 August, 2017 as said by the bank in a BSE filing.

The new announcement by PSU lender Indian bank came few days after country’s largest lender State Bank of India (SBI) slashed interest rate on savings by 50 basis points to 3.50%. SBI also set minimum amount in saving bank to get 4% interest rate. However the minimum amount set by SBI is double of what Indian Bank has set that is one crore.

Indian Bank:

Headquarter: Chennai
CEO- Kishor Kharat
Founded on 15 August 1907

Web Portal launched By NCERT to Supply Books Online to Schools and Individuals

admin August 10, 2017 Technology
NCERT online web portal

Union Government’s organisation NCERT has started a web portal to supply their textbooks online to schools and individuals. Using the NCERT web portal schools, individual buyers will be able to place the order for books online. Ordered books will be delivered at their provided address. This new facility will really be helpful to eliminate the shortage of books in the schools and in the markets. It will also increase in transparency in the availability of NCERT textbooks to students as many parents complaints that books are not provided to children after they are released by the government. Now they themselves can login on the NCERT web portal and will be able to order the books and can get at their doorstep.

It will help parents to save their money also which they have to pay to private publishers due to non availability of NCERT Books.

Important key facts of NCERT web Portal:

How it will help schools to order Books?

The distribution of books through NCERT web portal will be started for the session 2018-2019 for schools. The schools first need to login to the web portal of NCERT and then they have to enter some details like Board to which they are affiliated, affiliation number and and other details.

Moreover schools can also buy books directly from the nearest NCERT vendor or from NCERT regional centres which are located at Guwahati, Kolkata, Bengaluru and Ahmadabad.

To make their services more better, NCERT department is also looking to consult online vendors like Amazon and Flipkart.


NCERT is an organization working under government of India and was started in 1961. It assists and provide advice to States and Union Government to introduce various policies to improve education level in India.

Majorly its objectives are to promote, undertake and conduct research for the improvement of education in schools. It also acts as an bilateral cultural exchange implementation agency with other countries in the field of education.

Union government Launched e-Rashtriya Kisan Agri Mandi (e-RaKAM)

admin August 2, 2017 Technology
e-Rashtriya Kisan Agri Mandi

Union government today started a new online portal named e-Rashtriya Kisan Agri Mandi (e-RaKAM) to make it easy for farmers to sell their agriculture produces. The portal was launched by Food and distribution minister Ram Vilas Paswan and Chaudhary Birender Singh who is currently the steel minister.

The portal is joint initiative by MSTC- A state run auctioner and CRWC (Centeral Warehousing Corporation). A target of selling 20 lakh tonnes of pulses is set for the fist phase.

This online platform will be a great help for small farmers to sell their produce. Under this platform farmer, PSUs, Civil Suppliers and buyers all will be connected to each others. Currently there are many places in the country where agriculture products are stored in large amount and farmers wait for buyers. It is hoped that this initiative will provide better approach to farmers to be connected with buyers.

It is first of its kind where technology is used to connect small villages farmers with largest markets. Government will set up e-RaKAM centres throughout the country to make it easy for farmers to sale agriculture produce. The payments will be done directly to into the accounts of farmers through e-payments.

Supreme court Banned Use of these Five metals in FireCrackers

admin August 1, 2017 Technology
Supreme court

Lithium, Arsenic, antimony, lead and mercury – These five metals have been banned by Apex court to use them in firecrackers. These five metals are very harmful for health and cause large amount of air pollution when used on festivals like Diwali and on other occasions such as marriages and celebrations.

The ban was imposed after on the basis of earlier petition filled by three Children of Delhi. They had requested to supreme court to take some hard decisions on the use of firecrackers during festivals like Diwali.

The Apex court told that it is the responsibility of Petroleum and Explosives Safety Organisation (PESO) to make it sure that the ban order is followed properly. The Sivakasi in Tamil Nadu is the area where large number of manufacturers of firecrackers exists. So, court asked PESO to pay special attention to that particular area to ensure that future work is done as per the new order. The court asked Central Pollution Control Board (CPCB) and PSEO to work collaboratively to set up standards and instructions regarding the pollution caused by firecrackers.

About PESO:

Petroleum and Explosives Safety Organization is Government of India department which takes care and administers the usage of explosives and petrol stations in India. The department issues operational licences to: Petrol Stations, Vehicle used for transportation of petroleum products and Refineries etc.

Headquarter of the department is at Nagpur Maharashtra and Chief Controller of Explosives.

About Central Pollution Control Board

CPEB is a statuary organization that works under the Ministry of Environment and Forest and Climate Change. It is the supreme organization of country for pollution control. The headquarter of the organization is in New Delhi. It was established in 1974 under Water act,1974. It also work under Air (Prevention and Control of Pollution) Act, 1981. The Chairman of the board is nominated by the central Government.

Shri S.P Singh – Current Chairman

Functioning: CPEB provides technical assistance to of State pollution control boards and also handles their disputes. Also provides technical services to the Ministry of Environment and Forests under the provisions of the Environment (Protection) Act, 1986.

Government put an end to immediate arrest in Dowry cases

admin July 29, 2017 Technology
Supreme court

By seeing an increase in the number of Dowry harassment cases by the females, Government decided to stop immediate arrest of person or his family. The decision was taken by a bench of Justices AK Goel and UU Lalit. The bench said that in recent years, there has been a noticeable increase in such harassments under Section 498-A of the IPC. The bench ordered to make three members Family Welfare Committees (FWC) that will look after the case at initial state before proceeding to any arrest in dowry cases. The members of the Committee may be social workers, paralegal volunteers, retired persons, wives of working officers and other citizens found to be suitable based on their reputation.

This currently taken decision by the Apex court will be first observed for six months to check how it works. The court asked to National Legal Services Authority to prepare a report regarding the new decision along with any recommended changes till March 31, 2018. The next hearing is scheduled in upcoming April, 2018.

Here are some main outcomes of the decision:

  • At least one FWC per district should be formed by legal services Authority of the district. The working of such committee will be reviewed time to time by the District and sessions court judge, who is also the head of the district legal services Authority.
  • Under any circumstances, FWC members may not be considered as witnesses.
  • Every complaint filed under 498A to the police will be first handled by such committee. The committee may interact with the parties through various means such as via telephone, by meeting them personally or through any electronic media.
  • The FWC will be having one month of time to prepare the report on the matter and will submit the report to the authority by which the report was referred.
  • If required, it will be the responsibility of the Legal Services Authority to provide any kind of training to the FWC time to time.
  • District and session judge can use the cost fund wherever required in the matter.