1. Saloni Dalal became youngest medal winner in National Games 2015
An Indian-owned jewellery chain has partnered with a local bank in the UAE to launch a co-branded credit card, becoming the first organisation to offer ’Goldback’ in the country.The Rakbank Kalyan Jewellers MasterCard Credit Card, is accepted globally for purchases and cash withdrawals.The
loyalty points are earned at a rate of up to 7 per cent and can be redeemed at any Kalyan Jewellers outlets in the UAE in the form of jewellery.The card also offers a zero per cent easy payment plan on diamond and gold jewellery purchases. Kalyan Jewellers, one of the largest jewelry manufacturers and distributors in India, launched into the Gulf Cooperation Council (GCC) region in December 2013.
Saloni Dalal, a school girl of Karnataka became the youngest medal winner in the ongoing 35th National Games in Kerala on 3 February 2015. The 12-year-old, Saloni won a Bronze medal in the 200 meter breast stroke swimming event. Kalyani Saxena of Gujarat and Rutuja Udeshi of Maharashtra won the gold and silver medals of the 200 meter breast stroke swimming event, respectively.Beside her bronze in breast stroke swimming event, Dalal also won silver in women’s 4x100 meter Relay Medley by teaming up with Anisha Gaonkar, Malika A Honagekar and Rutuja Pawar.
Mayuresh Pawar, 21-year old netball player of Maharashtra team, died on 2 February 2015 during the Day 2 of the 35th National Games. He died due to drowning while taking bath at Shanghumugham beach in Kerala. He died when the Maharashtra team was returning to the Games village and made a stopover at the beach.The team was returning after the match it played against Chandigarh at the Agriculture College Indoor Stadium of Vellayani, Trivandrum of Kerala. Chandigarh team won the match. Indian Olympic Association (IOA) President N Ramachandran expressed shock and anguish over the development.
3. Kalyan Jewellers launches first `Goldback’ card in UAE
An Indian-owned jewellery chain has partnered with a local bank in the UAE to launch a co-branded credit card, becoming the first organisation to offer ’Goldback’ in the country.The Rakbank Kalyan Jewellers MasterCard Credit Card, is accepted globally for purchases and cash withdrawals.The loyalty points are earned at a rate of up to 7 per cent and can be redeemed at any Kalyan Jewellers outlets in the UAE in the form of jewellery.The card also offers a zero per cent easy payment plan on diamond and gold jewellery purchases. Kalyan Jewellers, one of the largest jewelry manufacturers and distributors in India, launched into the Gulf Cooperation Council (GCC) region in December 2013.
4. Dr. Zakir A. Naik wins 2015 King Faisal International Prize
India’s Dr. Zakir A. Naik has won the prestigious 2015 King Faisal International Prize (KFIP) in category of Service to Islam.
It was announced by Makkah Governor Prince Khaled Al-Faisal and KFIP Secretary-General Abdullah Al-Othaimeen.
About Dr. Zakir A. Naik Zakir A. Naik is public speaker on the subject of Islam and comparative religion. Sometimes he is referred as a televangelist because of his work at Peace TV. He has published booklet versions of lectures on Islam and comparative religion He has been conferred with many awards including Islamic Personality of 2013, Malaysia’s Distinguished International Personality Award (2013), Sharjah Award for Voluntary Work (2013).
5. Hindol Sengupta’s book shortlisted for prestigious Hayek Prize
Indian Journalist-writer Hindol Sengupta’s book Recasting India: How Entrepreneurship is Revolutionizing the World’s Largest Democracy, has been shortlisted for the U.S.’ prestigious Hayek Prize, 2015.His book on entrepreneurial ventures in India is among the six books in race for this prestigious award.
About Hayek Prize
It is awarded each year to writers whose work best celebrates the principles of Austro-Hungarian Nobel laureate in economics, Friedrich von Hayek. This prize is awarded by Manhattan Institute and carries monetary prize of $50,000.
6.China overtakes US as top foreign investment destination: UNCTAD report
As per United Nations Conference of Trade and Development (UNCTAD) report, China has overtaken the United States (US) as the top destination for foreign direct INVESTMENT (FDI). US was on top as foreign INVESTMENT destination for past 11 years i.e. since 2003.
Key facts from UNCTAD report
In 2014, foreign firms had INVESTED 128 billion dollars in China compared to 86 billion invested in the US. The growth in China’s foreign INVESTMENT had benefited the services sector as manufacturing had slowed in 2014. Hong Kong stood at the second spot after China and ahead of US with foreign INVESTMENT of 111 billion dollars. Globally, foreign INVESTMENT had fallen by 8% to a total of $1.26trillion in 2014. The reasons cited for this decline was partly due to the fragility of the global economy due geopolitical risks. In 2014, the foreign investment in developing nations had increased by 4%, whereas developed nations saw a decline of 14 percent, mostly due to the large fall in the US.
7. Yes bank, UAE Exchange launch travel prepaid card
Global remittance provider UAE Exchange India tied up with private lender Yes Bank to launch ‘Go Cash’ prepaid travel."It is a multicurrency card which can be easily used at ATMs/POS & for online purchase around the globe," UAE Exchange said in a statement. The maximum or minimum limit to the amount that can be carried on the card and the number of different currencies were not specified in the statement. GO CASH pre-paid Travel card enables exchange rate lock facility, security and accessibility at minimum time with worldwide acceptance for purchases across millions of Master Card-approved outlets. Travel card acts as a safety machine and customers can be free from the fear of cash carrying enigma.V. George Antony, MD, UAE Exchange said,” UAE Exchange India is consistently looking at ways in which we can make a difference in people’s lives. We believe in providing a differentiated value proposition to customers in sync with our customer centric approach
8. RBI Doubles the FOREX Remittance Limit under Liberalised Remittance Scheme (LRS)
The Reserve Bank of India (RBI) in its monetary policy review has enhanced the limit for FOREIGN EXCHANGE (FOREX) remittances under Liberalised Remittance Scheme (LRS) to $250,000 (Rs. 1.5 crore) per person per year. This limit was doubled compared to earlier limit of $125,000 per person per year. Under the LRS, Indians can open, maintain and hold foreign currency accounts with banks outside India for carrying out transactions, without permission from the RBI.
Background
RBI has taken this decision after reviewing the external sector outlook as India’s FOREIGN EXCHANGE reserves touched all-time high at $322.135 billion in mid-January 2015 and further exercise in macro prudential management.
Earlier in 2013, RBI had reduced the limit for FOREX remittances under this scheme to $75,000 as the rupee came under strong pressure. But later, in June 2014, it was again raised the limit to $125,000 (Rs. 75 lakh)
9. Nabard credit flow estimated to grow 16% in 2015-16
The National Bank for Agriculture and Rural Development has projected a 16-per cent growth in priority sector lending in Tamil Nadu for 2015-16. According to the Potential Linked Credit Plan announced for the year, the credit potential for the year is estimated at ₹1.44 lakh crore, with 41 per cent going to crop loan (₹59,801 crore); 22 per cent to agriculture term loan (₹32,528 crore); 18 per cent to MSME (₹25,647 crore); and 18 per cent to other priority sectors (₹26,458 crore). Addressing a meeting of refinance institution with Tamil Nadu Government officials , K Venkateswara Rao, Chief General Manager, NABARD, said the credit plan is aimed at accelerating the pace of capital formation in agriculture to enable a 4-per cent growth as targeted under the 12{+t}{+h} Plan.
10. Gujarat handloom corporation to launch e-comm portal, inks MoU with eBay
Gujarat State Handloom and Handicraft Development Corporation (GSHHDC) will soon launch its own e-commerce portal under the ‘Garvi-Gurjari’ brand to reach out to a bigger customer base and boost sales in overseas markets. GSHHDC, a Gujarat government undertaking which owns ‘Garvi-Gurjari’ stores across the country, has also signed an MoU with global e-commerce giant eBay and plans to tie up with domestic e-commerce majors such as Flipkart and Snapdeal, a senior GSHHDC official said. “Under the brand ‘Garvi-Gurjari’, we are going to create our own Web site so that products can be sold through the online platform. We are expecting to launch it by the end of April,” GSHHDC Head (Marketing and IT), B Venkateswarlu, told PTI here. The objective is to expand the sales base (from retail shop sales) to the online market and to increase the market share of handloom and handicraft products of Gujarat, he said, adding the “online market is increasing by 60 per cent... looking at the potentiality of this market we are going to launch our own Web site..
11.PM greets Sri Lankans on their Independence Day
Prime Minister Narendra Modi today greeted the people of Sri Lanka on their Independence Day and said he was looking forward to the visit of President Maithripala Sirisena to India later this month. “On their Independence Day, my greetings to people of Sri Lanka. The bonds of history, culture & shared values that we share are unbreakable.
“My best wishes for the development of Sri Lanka in the years to come. I look forward to welcoming President Sirisena later this month,” he tweeted in English, Tamil and in Sinhalese.
12.HDFC Securities launches mobile trading apps on IBM’s platform
Prime Minister Narendra Modi today greeted the people of Sri Lanka on their Independence Day and said he was looking forward to the visit of President Maithripala Sirisena to India later this month. “On their Independence Day, my greetings to people of Sri Lanka. The bonds of history, culture & shared values that we share are unbreakable.
“My best wishes for the development of Sri Lanka in the years to come. I look forward to welcoming President Sirisena later this month,” he tweeted in English, Tamil and in Sinhalese.
12.HDFC Securities launches mobile trading apps on IBM’s platform
Technology giant IBM has partnered with financial services intermediary and subsidiary of HDFC Bank, HDFC Securities, to launch a new mobile app. Using the app, clients can securely trade stocks, track and manage portfolios and market movements, as well as analyse industry research and trends. The new app enables HDFC Securities to offer more advanced stock trading features and capabilities, and better engage with investors in an increasingly competitive space, IBM said in a statement.
13. Exim Bank to raise $500 mn via overseas bond sale
Exim Bank today hit the international debt market with a benchmark issue to raise over $500 million by selling senior unsecured notes to overseas investors.“The Exim Bank has hit the market with a benchmark 5.5 year issue as part of its $6-billion medium term notes. The issuer has given an initial price guidance of 175 bps over the US Treasury. The issue will be priced during the London market hours,” merchant banking sources told PTI here. This is the fourth international bond sale by domestic entities this year, out of which two were by Reliance Industries, which had last night closed a $750-million deal, within a fortnight of it raising $1 billion. The issue has been assigned Baa3 ratings with a stable outlook by Moody’s.The Baa3 rating is the same as government’s rating. “The proposed notes, to be issued through the bank’s head office under its $6-billion medium term note programme, will have 5.5 year maturity and will be listed on the Singapore Exchange. The rating outlook is stable,” Moody’s said in a note from Singapore.
13. Exim Bank to raise $500 mn via overseas bond sale
Exim Bank today hit the international debt market with a benchmark issue to raise over $500 million by selling senior unsecured notes to overseas investors.“The Exim Bank has hit the market with a benchmark 5.5 year issue as part of its $6-billion medium term notes. The issuer has given an initial price guidance of 175 bps over the US Treasury. The issue will be priced during the London market hours,” merchant banking sources told PTI here. This is the fourth international bond sale by domestic entities this year, out of which two were by Reliance Industries, which had last night closed a $750-million deal, within a fortnight of it raising $1 billion. The issue has been assigned Baa3 ratings with a stable outlook by Moody’s.The Baa3 rating is the same as government’s rating. “The proposed notes, to be issued through the bank’s head office under its $6-billion medium term note programme, will have 5.5 year maturity and will be listed on the Singapore Exchange. The rating outlook is stable,” Moody’s said in a note from Singapore.
14.Acclaimed sculptor and artist Mrinalini Mukherjee passes away
Acclaimed Indian sculptor and artist Mrinalini Mukherjee has passed away in New Delhi. She was 65. She was best known for her sculptures, crafted using knotted hemp ropes and cast bronzes.
15. Maharashtra government planning to revamp Jeevan Amrut Yojana
Maharashtra Government is planning to revamp the Jeevan Amrut Yojana (blood-on-call) scheme to make it more beneficial to people. State government is revamping this scheme in order to strengthen the network of blood storage units in rural areas instead of transporting blood through motorcycles.
About Jeevan Amrut Yojana
1.It is first of its kind scheme in the country, launched in 2014.
2.It aimed at facilitating blood supply to patients scheduled to undergo surgeries and medical procedures in remote areas.
3.The patients, who need the blood, have to pay 450 rupees towards the cost of blood and 50 rupees to 100 rupees as transportation cost depending on the distance after the request (for blood) is placed by the hospital concerned.
4.Upon receiving the call, the required blood and blood components are transported on motorcycle to hospitals and nursing homes, in specially fitted cold storage boxes.
1. Saloni Dalal became youngest medal winner in National Games 2015
An Indian-owned jewellery chain has partnered with a local bank in the UAE to launch a co-branded credit card, becoming the first organisation to offer ’Goldback’ in the country.The Rakbank Kalyan Jewellers MasterCard Credit Card, is accepted globally for purchases and cash withdrawals.The
loyalty points are earned at a rate of up to 7 per cent and can be redeemed at any Kalyan Jewellers outlets in the UAE in the form of jewellery.The card also offers a zero per cent easy payment plan on diamond and gold jewellery purchases. Kalyan Jewellers, one of the largest jewelry manufacturers and distributors in India, launched into the Gulf Cooperation Council (GCC) region in December 2013.
Saloni Dalal, a school girl of Karnataka became the youngest medal winner in the ongoing 35th National Games in Kerala on 3 February 2015. The 12-year-old, Saloni won a Bronze medal in the 200 meter breast stroke swimming event. Kalyani Saxena of Gujarat and Rutuja Udeshi of Maharashtra won the gold and silver medals of the 200 meter breast stroke swimming event, respectively.Beside her bronze in breast stroke swimming event, Dalal also won silver in women’s 4x100 meter Relay Medley by teaming up with Anisha Gaonkar, Malika A Honagekar and Rutuja Pawar.
Mayuresh Pawar, 21-year old netball player of Maharashtra team, died on 2 February 2015 during the Day 2 of the 35th National Games. He died due to drowning while taking bath at Shanghumugham beach in Kerala. He died when the Maharashtra team was returning to the Games village and made a stopover at the beach.The team was returning after the match it played against Chandigarh at the Agriculture College Indoor Stadium of Vellayani, Trivandrum of Kerala. Chandigarh team won the match. Indian Olympic Association (IOA) President N Ramachandran expressed shock and anguish over the development.
3. Kalyan Jewellers launches first `Goldback’ card in UAE
An Indian-owned jewellery chain has partnered with a local bank in the UAE to launch a co-branded credit card, becoming the first organisation to offer ’Goldback’ in the country.The Rakbank Kalyan Jewellers MasterCard Credit Card, is accepted globally for purchases and cash withdrawals.The loyalty points are earned at a rate of up to 7 per cent and can be redeemed at any Kalyan Jewellers outlets in the UAE in the form of jewellery.The card also offers a zero per cent easy payment plan on diamond and gold jewellery purchases. Kalyan Jewellers, one of the largest jewelry manufacturers and distributors in India, launched into the Gulf Cooperation Council (GCC) region in December 2013.
4. Dr. Zakir A. Naik wins 2015 King Faisal International Prize
India’s Dr. Zakir A. Naik has won the prestigious 2015 King Faisal International Prize (KFIP) in category of Service to Islam.
It was announced by Makkah Governor Prince Khaled Al-Faisal and KFIP Secretary-General Abdullah Al-Othaimeen.
About Dr. Zakir A. Naik Zakir A. Naik is public speaker on the subject of Islam and comparative religion. Sometimes he is referred as a televangelist because of his work at Peace TV. He has published booklet versions of lectures on Islam and comparative religion He has been conferred with many awards including Islamic Personality of 2013, Malaysia’s Distinguished International Personality Award (2013), Sharjah Award for Voluntary Work (2013).
5. Hindol Sengupta’s book shortlisted for prestigious Hayek Prize
Indian Journalist-writer Hindol Sengupta’s book Recasting India: How Entrepreneurship is Revolutionizing the World’s Largest Democracy, has been shortlisted for the U.S.’ prestigious Hayek Prize, 2015.His book on entrepreneurial ventures in India is among the six books in race for this prestigious award.
About Hayek Prize
It is awarded each year to writers whose work best celebrates the principles of Austro-Hungarian Nobel laureate in economics, Friedrich von Hayek. This prize is awarded by Manhattan Institute and carries monetary prize of $50,000.
6.China overtakes US as top foreign investment destination: UNCTAD report
As per United Nations Conference of Trade and Development (UNCTAD) report, China has overtaken the United States (US) as the top destination for foreign direct INVESTMENT (FDI). US was on top as foreign INVESTMENT destination for past 11 years i.e. since 2003.
Key facts from UNCTAD report
In 2014, foreign firms had INVESTED 128 billion dollars in China compared to 86 billion invested in the US. The growth in China’s foreign INVESTMENT had benefited the services sector as manufacturing had slowed in 2014. Hong Kong stood at the second spot after China and ahead of US with foreign INVESTMENT of 111 billion dollars. Globally, foreign INVESTMENT had fallen by 8% to a total of $1.26trillion in 2014. The reasons cited for this decline was partly due to the fragility of the global economy due geopolitical risks. In 2014, the foreign investment in developing nations had increased by 4%, whereas developed nations saw a decline of 14 percent, mostly due to the large fall in the US.
7. Yes bank, UAE Exchange launch travel prepaid card
Global remittance provider UAE Exchange India tied up with private lender Yes Bank to launch ‘Go Cash’ prepaid travel."It is a multicurrency card which can be easily used at ATMs/POS & for online purchase around the globe," UAE Exchange said in a statement. The maximum or minimum limit to the amount that can be carried on the card and the number of different currencies were not specified in the statement. GO CASH pre-paid Travel card enables exchange rate lock facility, security and accessibility at minimum time with worldwide acceptance for purchases across millions of Master Card-approved outlets. Travel card acts as a safety machine and customers can be free from the fear of cash carrying enigma.V. George Antony, MD, UAE Exchange said,” UAE Exchange India is consistently looking at ways in which we can make a difference in people’s lives. We believe in providing a differentiated value proposition to customers in sync with our customer centric approach
8. RBI Doubles the FOREX Remittance Limit under Liberalised Remittance Scheme (LRS)
The Reserve Bank of India (RBI) in its monetary policy review has enhanced the limit for FOREIGN EXCHANGE (FOREX) remittances under Liberalised Remittance Scheme (LRS) to $250,000 (Rs. 1.5 crore) per person per year. This limit was doubled compared to earlier limit of $125,000 per person per year. Under the LRS, Indians can open, maintain and hold foreign currency accounts with banks outside India for carrying out transactions, without permission from the RBI.
Background
RBI has taken this decision after reviewing the external sector outlook as India’s FOREIGN EXCHANGE reserves touched all-time high at $322.135 billion in mid-January 2015 and further exercise in macro prudential management.
Earlier in 2013, RBI had reduced the limit for FOREX remittances under this scheme to $75,000 as the rupee came under strong pressure. But later, in June 2014, it was again raised the limit to $125,000 (Rs. 75 lakh)
9. Nabard credit flow estimated to grow 16% in 2015-16
The National Bank for Agriculture and Rural Development has projected a 16-per cent growth in priority sector lending in Tamil Nadu for 2015-16. According to the Potential Linked Credit Plan announced for the year, the credit potential for the year is estimated at ₹1.44 lakh crore, with 41 per cent going to crop loan (₹59,801 crore); 22 per cent to agriculture term loan (₹32,528 crore); 18 per cent to MSME (₹25,647 crore); and 18 per cent to other priority sectors (₹26,458 crore). Addressing a meeting of refinance institution with Tamil Nadu Government officials , K Venkateswara Rao, Chief General Manager, NABARD, said the credit plan is aimed at accelerating the pace of capital formation in agriculture to enable a 4-per cent growth as targeted under the 12{+t}{+h} Plan.
10. Gujarat handloom corporation to launch e-comm portal, inks MoU with eBay
Gujarat State Handloom and Handicraft Development Corporation (GSHHDC) will soon launch its own e-commerce portal under the ‘Garvi-Gurjari’ brand to reach out to a bigger customer base and boost sales in overseas markets. GSHHDC, a Gujarat government undertaking which owns ‘Garvi-Gurjari’ stores across the country, has also signed an MoU with global e-commerce giant eBay and plans to tie up with domestic e-commerce majors such as Flipkart and Snapdeal, a senior GSHHDC official said. “Under the brand ‘Garvi-Gurjari’, we are going to create our own Web site so that products can be sold through the online platform. We are expecting to launch it by the end of April,” GSHHDC Head (Marketing and IT), B Venkateswarlu, told PTI here. The objective is to expand the sales base (from retail shop sales) to the online market and to increase the market share of handloom and handicraft products of Gujarat, he said, adding the “online market is increasing by 60 per cent... looking at the potentiality of this market we are going to launch our own Web site..
11.PM greets Sri Lankans on their Independence Day
Prime Minister Narendra Modi today greeted the people of Sri Lanka on their Independence Day and said he was looking forward to the visit of President Maithripala Sirisena to India later this month. “On their Independence Day, my greetings to people of Sri Lanka. The bonds of history, culture & shared values that we share are unbreakable.
“My best wishes for the development of Sri Lanka in the years to come. I look forward to welcoming President Sirisena later this month,” he tweeted in English, Tamil and in Sinhalese.
12.HDFC Securities launches mobile trading apps on IBM’s platform
Prime Minister Narendra Modi today greeted the people of Sri Lanka on their Independence Day and said he was looking forward to the visit of President Maithripala Sirisena to India later this month. “On their Independence Day, my greetings to people of Sri Lanka. The bonds of history, culture & shared values that we share are unbreakable.
“My best wishes for the development of Sri Lanka in the years to come. I look forward to welcoming President Sirisena later this month,” he tweeted in English, Tamil and in Sinhalese.
12.HDFC Securities launches mobile trading apps on IBM’s platform
Technology giant IBM has partnered with financial services intermediary and subsidiary of HDFC Bank, HDFC Securities, to launch a new mobile app. Using the app, clients can securely trade stocks, track and manage portfolios and market movements, as well as analyse industry research and trends. The new app enables HDFC Securities to offer more advanced stock trading features and capabilities, and better engage with investors in an increasingly competitive space, IBM said in a statement.
13. Exim Bank to raise $500 mn via overseas bond sale
Exim Bank today hit the international debt market with a benchmark issue to raise over $500 million by selling senior unsecured notes to overseas investors.“The Exim Bank has hit the market with a benchmark 5.5 year issue as part of its $6-billion medium term notes. The issuer has given an initial price guidance of 175 bps over the US Treasury. The issue will be priced during the London market hours,” merchant banking sources told PTI here. This is the fourth international bond sale by domestic entities this year, out of which two were by Reliance Industries, which had last night closed a $750-million deal, within a fortnight of it raising $1 billion. The issue has been assigned Baa3 ratings with a stable outlook by Moody’s.The Baa3 rating is the same as government’s rating. “The proposed notes, to be issued through the bank’s head office under its $6-billion medium term note programme, will have 5.5 year maturity and will be listed on the Singapore Exchange. The rating outlook is stable,” Moody’s said in a note from Singapore.
13. Exim Bank to raise $500 mn via overseas bond sale
Exim Bank today hit the international debt market with a benchmark issue to raise over $500 million by selling senior unsecured notes to overseas investors.“The Exim Bank has hit the market with a benchmark 5.5 year issue as part of its $6-billion medium term notes. The issuer has given an initial price guidance of 175 bps over the US Treasury. The issue will be priced during the London market hours,” merchant banking sources told PTI here. This is the fourth international bond sale by domestic entities this year, out of which two were by Reliance Industries, which had last night closed a $750-million deal, within a fortnight of it raising $1 billion. The issue has been assigned Baa3 ratings with a stable outlook by Moody’s.The Baa3 rating is the same as government’s rating. “The proposed notes, to be issued through the bank’s head office under its $6-billion medium term note programme, will have 5.5 year maturity and will be listed on the Singapore Exchange. The rating outlook is stable,” Moody’s said in a note from Singapore.
14.Acclaimed sculptor and artist Mrinalini Mukherjee passes away
Acclaimed Indian sculptor and artist Mrinalini Mukherjee has passed away in New Delhi. She was 65. She was best known for her sculptures, crafted using knotted hemp ropes and cast bronzes.
15. Maharashtra government planning to revamp Jeevan Amrut Yojana
Maharashtra Government is planning to revamp the Jeevan Amrut Yojana (blood-on-call) scheme to make it more beneficial to people. State government is revamping this scheme in order to strengthen the network of blood storage units in rural areas instead of transporting blood through motorcycles.
About Jeevan Amrut Yojana
1.It is first of its kind scheme in the country, launched in 2014.
2.It aimed at facilitating blood supply to patients scheduled to undergo surgeries and medical procedures in remote areas.
3.The patients, who need the blood, have to pay 450 rupees towards the cost of blood and 50 rupees to 100 rupees as transportation cost depending on the distance after the request (for blood) is placed by the hospital concerned.
4.Upon receiving the call, the required blood and blood components are transported on motorcycle to hospitals and nursing homes, in specially fitted cold storage boxes.
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