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Kotak Mahindra Bank Launches Platform

Kotak Mahindra Bank (KMBL) in association with Credits Solutions has launched Do-It-Yourself (DIY) repayment platform for missed loan repayments.

Powered by Artificial Intelligence (AI) and Machine Learning (ML), the Neo Collections platform will provide a personalized and non-intrusive experience.

This platform will analyse both historical as well as live customer contact data.

Cabinet approves 'Mission Palm Oil'.

In order to reduce the heavy dependence on the import of edible oils, the cabinet has approved a new mission for palm oil.

It will be known as "National Mission on Edible Oils - Oil Palm (NMEO-OP)".

It will have a financial outlay of Rs 11,040 crore with special focus on the North East region and Andaman and Nicobar Islands.

Palm oil farmers will benefit immensely from this scheme.

Taliban stopped exports, imports from India: FIEO

Federation of Indian Export Organization (FIEO) has informed that Taliban has stopped all imports and exports with India.

They have stopped the movement of cargo through Pakistan's transit routes, which has stopped exports, imports from the country.

India is not only one of the largest trading partners of Afghanistan but is also making a major investment in the country.

Indian Cities Slip on Global Ranking Due to a drop

in major residential property prices, Indian hubs, including Bengaluru, Delhi and Mumbai, slipped in their rankings in a global list of cities prepared by a consultant every quarter.

Bengaluru fell from 40th position to 43rd position in the March quarter, according to a list prepared by Knight Frank, due to a 2.7% drop in prices.

Mumbai's ranking fell to 40th while Delhi was ranked 37th.

A 'mermaid' species of algae

A new species of plant has been created in the Andaman Islands.

Indian biologists discovered sea green algae during a visit to the island in 2019.

They confirmed the discovery after a painstaking identification process of nearly two years. 

Researchers from Punjab Central University have named this species Acetabularia jalkanyaki.

The name "Jalkanyaka" in Sanskrit means mermaid or mermaid.