IDBI. IDBI Bank announced the launch of its fully digitized loan processing system, offering over 50 products to MSME and the agriculture sector. The Loan Processing System (LPS) for MSME and agri products seamlessly integrate with data fintech, bureau validations, document storage, account management and customer notifications among others.

Bihar. Bihar government launched ‘HIT Covid App’ to ensure regular monitoring and tracking of those Covid-19 patients, who are in home isolation across the state.

Haryana. The Haryana became the first state in India to allow reimbursement of goods and service tax paid by companies, non-governmental organizations and individuals on purchase of 15 items including Covid vaccines, Remdesivir injections, ventilators, and oxygen cylinders that they have donated free of cost to the state government or state-run hospitals.

SBI. HyperVerge announced its partnership with SBI, with one of its flagship products, the Video Banking solution, which aims to achieve a 10x improvement in the number of account openings per day per agent.

Barcelona. Chelsea conceded four goals in the first 36 minutes as Barcelona blew them away to win their first Women’s Champions League in Gothenburg. Barcelona is the first Spanish side to win the Women’s Champions League.

Parattu Ravindran Sreejesh. Star India hockey team goalkeeper Parattu Ravindran Sreejesh was appointed as a member of the FIH (International Hockey Federation)Athletes’ Committee during the virtual meeting of the world body’s Executive Board.

Rs 99,122 Crore. The Reserve Bank of India will transfer Rs 99,122 crore surplus to the Central Government for the accounting period of nine months ended March 31, 2021 (July 2020-March 2021). The Contingency Risk Buffer will remain at 5.50%.

DRDO. India’s Defence Research and Development Organisation (DRDO) has developed a Covid-19 antibody detection kit. The DIPCOVAN kit can detect both spikes as well as nucleocapsid proteins of Coronavirus with a high sensitivity of 97%.

2 Lakh. The Reserve Bank of India has increased the maximum amount outstanding in respect of full-KYC PPIs (KYC-compliant PPIs) from Rs. 1 lakh to Rs. 2 lakh.

22 MayThe United Nations celebrates International Day for Biological Diversity on 22 May every year to raise awareness about the issue of a significant reduction in biological diversity due to certain human activities.This year International Day for Biological Diversity 2021 the theme is “We’re part of the solution”.