Defence Industrial Corridor launched in Aligarh, UP

  • Defence Minister Nirmala Sitharaman and UP Chief Minister Yogi Adityanath launched a the defence industrial corridor in Aligarh.
  • The move is part of the government’s efforts to develop specialised zones dedicated to defence production in the state.
  • Six nodal points, Agra, Aligarh, Lucknow, Kanpur, Chitrakoot and Jhansi have been identified in state for the corridor.
  • Earlier this year another defence corridor was launched in Tamil Nadu.

Rajendra Menon sworn in as Chief Justice of Delhi HC

  • Justice Rajendra Menon has taken the oath as the new Chief Justice of the Delhi High Court.
  • Justice Menon was sworn in by Lt Governor Anil Baijal.
  • Justice Menon has earlier been Chief Justice of the Patna High Court.
  • He has succeeded Justice Gita Mittal, who was elevated to head the Jammu and Kashmir High Court.

Axis Bank introduces iris authentication for aadhaar-based transactions

  • Axis bank has become the first bank in the country to introduce Iris Scan Authentication feature for Aadhaar -based transactions through its micro ATM tablets.
  • The project is being run as a pilot (or test run) in 8 branches of rural Punjab, Haryana, Gujarat and Andhra Pradesh.
  • Iris scan technology will offer enhanced biometric success rate and better performance speed over currently used methods.

Bajaj Allianz, Vijaya Bank enter into ‘Bancassurance’ deal

  • Bajaj Allianz General Insurance has entered into a bancassurance deal with Vijaya Bank.
  • This will enable distribution of Bajaj Allianz General Insurance products through the bank’s network of 2,129 branches across the country.
  • Under the tie-up, Bajaj Allianz will offer personal insurance products such as health, personal accident, home, motor and travel, as well as a commercial line of insurance products.

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