Yogeshwar Dutt brings bronze

Wrestler Yogeshwar Dutt wins the bronze in 60kg wrestling. He earlier lost in the pre-quarter match with Besik Kudukhov who reached the final which gave  Yogeshwar Dutt a second chance that is to fight in the repechage round in which he succeeded to secure a bronze.

‘No-frills’ to be replaced by basic savings a/c

The ‘no-frills’ accounts introduced in 2005 by Reserve Bank of India(RBI) to provide basic banking facilities to poor and promote financial inclusion will be replaced by basic savings a/c, RBI says. This is because the term 'no-frills' is not creates confusion among customers. RBI asked banks to provide the zero balance facility in the basic banking accounts along with ATM-cum-debit cards without any extra charge. The existing ‘no-frills’ accounts will also be converted into ‘Basic savings bank deposit accounts’. There will not be a limit on the number of times one can deposit in this account but can withdraw only four times a month including through ATMs.

UIDAI signs contract with HCL Infosystems

Unique Identification Authority of India(UIDAI) inks 7-year deal with HCL Infosystems to implement and manage the Central ID Repository (CIDR) for UIDAI. HCL Infosystems will be responsible for procurement and installation of the IT infrastructure, implementation of information security management systems and operations support and maintenance. They will also provide technical helpdesk, support services and database administration.