Current Affairs Aug 22, 2015

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1. Increase in NRI Deposits in Gujarat : Consistent fall in rupee and higher returns on deposits in India have paved way for substantial rise in NRI deposits in the state beyond Rs 59,000 crore in the first quarter of 2015-16, as against Rs 54,574 crore (11.13%) as of March 31, 2015.

2. Govt. fixes floor price for selling IOC shares: The government has fixed the floor price for selling its 10 per cent stake in Indian Oil Corporation (IOC) at Rs 387 a share. This sale is likely to fetch Rs 9,302 crore to the exchequer.

3. Germany firm to invest in sea food business in India : Linde Group of Germany has planned to invest $200 million in freezing of sea food and adding value to exports in Andhra Pradesh. The state tops in fisheries production in the country.

4. Uber ties up with Airtel: The leading taxi-hailing application which is based in the US has signed an agreement with telecom major Bharti Airtel to offer free high-speed Internet in its cabs across the country. The service which was recently launched in Mumbai will be extended to other cities soon.

5. Infosys offers new business environments: Infosys announced new service - Aikido - that will focus on design thinking, platforms and knowledge-based IT. This will address three key aspects of their business: a non-disruptive renewal and simplification of their existing landscapes, introduction of new offerings and business models in a dynamic business environment, and creating a culture of innovation in their organizations.

6. Greece clears a portion of its debts: Greece cleared 3.2 billion euro debt repayment using newly released bailout funds, a government source said. This repayment made to the European Central Bank saved Greece from near financial collapse. ,

7. Zuck wealthiest U-35: A Wealth-X report report has placed Facebook Co-Founder and Chief Executive Mark Zuckerberg as the wealthiest individual globally under the age of 35, with a personal fortune of $41.6 billion.

8. ‘Bandhan’ ready to go: Bandhan Financial Services (BFS), which recently received its universal banking licence, is all set to commence its banking operations on 23rd August. The bank, which plans to open 600 branches initially, will have over a third of these would be in unbanked areas.

9. PSU Banks to take over sale of FASTags: PSU banks will sell FASTags, the smart tags fitted in vehicles paving way for smooth transit through toll plazas across the country. ICICI & Axis Banks have tied up with the Govt. to sell these tags from October this year.

10. In a first, women register for vote in Saudi: Women are registering to vote in national elections for the first time in the history of Saudi Arabia.