Raksha Mantri Rajnath Singh launched the Navy's updated indigenous programme Swavalamban 2.0 in New Delhi yesterday. Speaking at the Indian Navy's Naval Innovation and Indigenisation Organisation (NIIO) seminar 'Swavlamban', Mr Singh said that self-reliance is the utmost priority since the Modi government came to power. During the event, Raksha Mantri also released the fifth Positive Indigenisation list of Department of Military Affairs (DMA) comprising 98 items. Highly complex systems, sensors, weapons and ammunition have been included in the list. All these items will be procured from indigenous sources as per provisions given in Defence Acquisition Procedure 2020 in staggered timeline.

Dipika Pallikal, Harinder Pal Sandhu on 5 October won Gold medal in Mixed Doubles Squash event defeating Malaysian pair by 2-0 in the final. Dipika and Harinder eked out a 11-10 11-10 win over Malaysian duo of Aifa Binti Azman and Mohammad Syafiq Bin Mohd Kamal in a tense 35 minute final to fetch India's second gold medal in squash at the ongoing event.

Taking to X, SAI Media in a post wrote, “Indian Squash Reigns Supreme! Our dynamic mixed doubles team of Dipika Pallikal and Harinder clinches GOLD, defeating Malaysia by a score of 2-0 in the final at #AsianGames2022!"

India’s compound archers carried their mixed team form into the men’s and women’s team events, winning twin gold medals to mark another successful day at the Fuyang Yinhu Sports Centre in the Asian Games here on Thursday.

The women's team – they are the world champions – stamped their class in a testing final to edge out Chinese Taipei 230-229. The men’s trio of Pravin Deotale, Abhishek Verma and Prathamesh Jawkar had it relatively easy against South Korea, winning 235-230 in the final.

Indian Navy and the State Bank of India on October 4 launched ‘Nav-eCash’ card, a unique e-cash card that can work in both online and offline mode.

On the launch of Nav-eCash card, Navy Chief Admiral R Hari Kumar said, “India is leading the world with over 100 billion digital financial transactions being recorded annually and the number is steadily growing.”

This is a giant step as India eyes complete Self-reliance and digital transformation. The SBI Nav-eCash card will be implemented pan Navy.

The Reserve Bank of India (RBI) Wednesday said it has appointed Muneesh Kapur as Executive Director (ED) with effect from October 3, 2023. As executive director, he will look after the Department of Economic and Policy Research.

Before being promoted to the post of ED, Kapur was Adviser-in-Charge of Monetary Policy Department and secretary to the Monetary Policy Committee, the Reserve Bank said in a statement.

The National Investment and Infrastructure Fund and Japan Bank for International Cooperation, JBIC have tied up to launch a 600 million US dollar India-Japan Fund. This joint initiative will facilitate collaboration and investment between India and Japan in the field of climate and environment.

According to the Finance Ministry, the Government of India will contribute 49 per cent of the corpus and the remaining 51 per cent will be contributed by JBIC. This fund mechanism will promote Japanese investments in India by focussing on investing in environmental sustainability and low carbon emission strategies. The Finance Ministry has termed this collaboration a key milestone in the strategic and economic partnership between India and Japan.

State Bank of India has unveiled a ‘mobile handheld device’ for its financial inclusion customers for enhancing accessibility and convenience in availing banking services such as cash withdrawal, cash deposit, fund transfer, balance inquiry and mini statement.

The country’s largest lender, in a statement, said the device will bring kiosk banking directly to customer’s doorstep.

SBI underscored that the device offers greater flexibility to customer service point (CSP) agents, enabling them to reach out to customers wherever they are.

Bihar government on Tuesday announced 10 per cent reservation for the Economically Weaker Sections (EWS) in the judicial services and state-run law colleges and universities.

The announcement came just a day after the government released the first set of data from state’s caste survey.

The decision was taken during a cabinet meeting chaired by the Chief Minister Nitish Kumar, news agency PTI reported.

Prime Minister Narendra Modi will visit Rajasthan and Madhya Pradesh on October 5, 2023. He will lay the foundation stone and dedicate multiple development projects worth about Rs 5000 crore in sectors like road, rail, aviation, health and higher education in the state of Rajasthan.

PM Modi will lay the foundation stone of important projects for strengthening the Health infrastructure in Rajasthan. The projects include 350 bedded ‘Trauma Centre and Critical Care Hospital Block at All India Institute of Medical Sciences, Jodhpur’, and seven Critical Care Blocks under Pradhan Mantri – Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) to be developed across Rajasthan.

The 50th India International Knit fair will be held from 12th to 14th October at the India Knit Fair Association complex (IKFA) in Tiruppur, Tamil Nadu. The main theme of the fair is Active and Sportswear, Environmental Social Governance, Artificial Intelligence and digitalisation. Seventy exhibitors from Tiruppur, Chennai, Coimbatore, Karur, and Gujarat will take part in the fair. 

Chairman of the Association, A. Sakthivel said  that the IKFA has tied up with Sourcing Consultants Association, Association of Buying Agents for Textiles, Brand Sourcing Leaders, and the NIFT Alumni. Leading buyers and their representatives from Europe, US, UK and other countries have been invited for the fair.