September, 2017

Canara Bank cuts interest rate

Canara Bank has reduced the interest rate on savings bank accounts by 50 basis points to 3.5% on deposits of up to Rs. 50 lakh. However, the bank will continue to pay 4 per cent interest on deposits of above Rs. 50 lakh. Earlier this year, PSU lender, Bank of Baroda and Bank of India also slashed the savings account interest rate to 3.5 per cent on deposits of up to Rs. 50 lakh.

First Civilian Drone Base

Civil Aviation Administration of China has announced the opening of the country’s first test-flight base for civilian drones in Shanghai. The base, located in the district of Qingpu, will provide service to thousands of unmanned aerial vehicles. There are over 120,000 registered drones in China. China has approximately 500 drone manufacturers, controlling almost 70 percent of market share.

National Nutrition Week

National Nutrition Week will be observed throughout India from 1st to 7th September. The objective of this annual event is to intensify awareness generation on the importance of nutrition for health which has an impact on development, economic growth & ultimately National development. The theme of National Nutrition Week for 2017 is “Optimal Infant & Young Child Feeding Practices: Better Child Health”.

First gene therapy for cancer

U.S. has approved first gene therapy in the nation, a treatment that uses a patient’s own immune cells to fight childhood leukemia. The therapy turns a patient’s cells into a “living drug” & trains them to recognize & attack the disease. Marketed as Kymriah & made by Novartis, was approved for children and young adults for an aggressive type of leukemia — B-cell acute lymphoblastic leukemia.

Santosh Sharma takes charge

1 : The Ministry of Mines has appointed Santosh Sharma as Chairman and Managing Director of Hindustan Copper for a period of five years. Sharma joined the Company as General Manager (Operations) in 2013 and thereafter, he became Executive Director (Operations). He became Director (Operations) of the company with effect from March 1, last year.

Railways to get Swiss tilting trains

India will collaborate with Switzerland for developing trains which will tilt on approaching a bend, just like a motorbike on a winding road. Tilting train rounds a curve at speed it cause objects to slide about. During a curve to the left, the train tilts to the left and vice versa. Such trains are now operational in 11 countries including China, Russia, Germany, and Romania.