The Indian Coast Guard has formed the 840 CG Advanced Light Helicopter Squadron.
The Indian Coast Guard formed a new air squadron, 840 Squadron, in Chennai, with an Advanced Light Helicopter Mark-III aircraft as its first aircraft.
Highlights:
- A new air squadron, 840 Squadron, was established in the Indian Coast Guard in Chennai, with an Advanced Light Helicopter Mark-III aircraft as its 1st aircraft.
- In the presence of the Commander of the Eastern Coast Guard Region, Inspector General AP Badola, the aircraft was welcomed with the usual water cannon salute.
- This is the 1st time the defence force has deployed such a plane in the eastern region.
- According to the Coast Guard, 3 more ALH aircraft will also be added to the new Squadron’s inventory in the near future.
Dhan Sanchay, a new life insurance product, was introduced by LIC.
A non-linked, non-participating individual savings life insurance plan called Dhan Sanchay, which provides both savings and protection, was introduced by the LIC.
Highlights:
- The Life Insurance Corporation of India introduced Dhan Sanchay, a non-linked, non-participating individual savings life insurance plan that gives both savings and protection.
- This plan would give financial support to the family if the life assured dies prematurely during the policy’s term.
- It provides a guaranteed income stream from the date of maturity to the conclusion of the payout period, according to a LIC press release.
- The first 2 alternatives need a minimum Sum Assured of Rs.3,30,000/-, the 3rd option needs a minimum Sum Assured of Rs.2,50,000, and the 4th option needs a minimum Sum Assured of Rs.22,00,000.
RBI`s `Payments Vision 2025` Aims For A 3-Fold Increase In Digital Payments
Industry participants consider the RBI`s "Payments Vision 2025" plan, which aims to treble the volume of digital payments, to be progressive.
Highlights:
- According to industry players, the Reserve Bank`s Payments Vision 2025 plan wants to triple the volume of digital payments and is progressive.
- It intends to build India as a worldwide payments powerhouse.
- In light of rising geopolitical threats, the Reserve Bank of India released its Payments Vision 2025 document, which discusses ring-fencing domestic payment networks, and the necessity to implement domestic processing of payment transactions.