17th August 2018 Current Affairs

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Bharti Axa, Airtel Payments Bank tie-up to offer Jeevan Jyoti Bima

Bharti Axa Life Insurance and Airtel Payments Bank entered into an alliance to offer the ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY).
The PMJJBY is a government-backed life insurance scheme.
The alliance will allow Airtel Payments Bank’s network to reach rural area in order to serve those who are under-insured.
Airtel Payments Bank becomes the first payments bank in India to offer a Government of India-backed life insurance scheme.
The PMJJBY scheme offers Rs 2 lakh life insurance cover for a premium of Rs.330 per annum.
It can be purchased by all Airtel Payments Bank savings bank account holders between the ages of 18 and 50.

Qatar King Sheikh Tamim bin Hamad Al Thani has pledged to make direct investment in Turkey, with a 15-billion US dollar investment into the country’s financial markets and banks.
Turkey is currently facing a currency crisis and tensions with the United States of America.
Sheikh Tamim is the first foreign head of state to visit Ankara since the stand-off with Washington.

The Ministry of Railways has made “digital screens” operational at 22 stations to spread awareness among the public about the heritage of the Indian Railways.
The project aims at showcasing the legacy of Indian Railways through one to two-minute-long movie clips on digital LED screens.
The screens are placed at the entrance gates of railway stations and also at different areas that are comfortable for viewing.

The FSSAI has launched a scheme for the collection and conversion of used cooking oil into biodiesel.
The programme is named RUCO, or Repurpose Used Cooking Oil.
The ecosystem will also serve as a word of caution to businesses and consumers to stop using cooking oil after repeated frying.
FSSAI stands for Food Safety and Standards Authority of India.
India is one of the largest consumers of vegetable oil.
It has the potential to recover 220 crore litres of Used Cooking Oil (UCO) for the production of biodiesel by the year 2022.
FSSAI is working with the Biodiesel Association of India (BDAI) and the food industry for the project to make sure UCO standards are met.

Bharat Sanchar Nigam Ltd (BSNL) has launched BSNL WINGS, which is a VOIP-based service.
No SIM card or cable wiring is needed to make calls, as calls can be made through the BSNL app.
The WINGS service offers unlimited audio/video calling for one year, with a one-time fee of Rs.1,099.
Calls can be made using any data connection such as wired broadband, Wi-Fi, or the 3G or 4G network of any cell phone operator.