Banks with more than 10 branches to have internal ombudsman: RBI

  • The Reserve Bank of India (RBI) asked all scheduled commercial banks with more than 10 branches to appoint an Internal Ombudsman (IO).
  • However, regional rural banks (RRBs) are excluded from appointing IOs.
  • The aim is to ensure that the complaints of the customers are redressed.

Health Ministry releases e-pharmacy draft rules to regulate online sale of medicines

  • The Ministry of Health and Family Welfare has published a set of draft rules on the sale of drugs by e-pharmacies.
  • The draft rules set out to regulate the online medicine market.
  • According to the draft rules, online pharmacies will have to register with the Central Drugs Standard Control Organisation.
  • They will also have to obtain a trade licence in order to exhibit, stock and sell drugs.

India to have ‘one-nation-one-card’ policy for transport soon: NITI Aayog

  • NITI Aayog CEO Amitabh Kant has said that India will soon unveil a ‘One Nation-One Card’ policy for public transport.
  • The One Nation-One Card policy is for added connectivity between various modes of transport.
  • The objective is to provide sustainable mobility and accessibility for the public.

Mark Read appointed WPP CEO in place of Martin Sorrell

  • WPP, the world’s largest communication services group, has announced the appointment of Mark Read as the Chief Executive Officer (CEO).
  • Mark Read will also take the position of Executive Director (ED) to the company’s board.
  • Read will replace Martin Sorrell, who has resigned 33 years after founding the company.

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