Civil Services' Surgicals

MoU inked b/w the EXIM bank of India and Myanmar Foreign Trade Bank MoU on: · Border area development · Setting up Myanmar Institute of Information Technology · Setting up Advance Centre for Agricultural Research and Education at Yezin Agriculture University. · Establishing Rice Bio Park · Establishing of border haats across the border between the two countries · Cooperation b/w Indian council of world affairs and Myanmar institute of strategic and international Studies. · Kolkata University and Dagon University Yangon to collaborate on higher studies and research. India and Myanmar will also launch bus service from Imphal to Mandalay. Nay Pyi Taw is the new capital of Myanmar, earlier it was Rangoon. Source  : www.gktoday.in

Axis bank, the 3 rd largest private sector lender tied up with Bahrain's Ahli United Bank for inward remittances. What does this tie up would bring in for customers of Ahli United Bank? Any person having an a/c with Bahrain’s Ahli United Bank can transfer money to a bank account holder in India using the Internet banking platform. If the recipient account holder is an Axis customer, the amount will be credited the same day but if the account is in any other bank branch covered under the NEFT network, it can take up to two days. Customers can initiate transactions of up to BHD 5,000 (Rs 732,000 roughly) a day. Source  : www.gktoday.in