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The Reserve Bank of India has placed Lakshmi Vilas Bank (LVB) under moratorium and has capped its deposit withdrawals.
The RBI has also proposed to amalgamate the bank with DBS Bank India. This decision followed the steep deterioration of the financial position of LVB over the past three years. Due to the rise in bad loans and provisions, the bank has been witnessing heavy loans.

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The United Nations (UN) has collaborated with the Vaccine Confidence Project at the University of London, to launch a new initiative named ‘Halo’.
It aims to tackle the issue of misinformation around Covid-19 vaccines. Over 100 scientists have come together to share authentic information on safety and effectiveness of vaccines via the social media. Over 22 scientists have joined Team Halo from India.

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High Commission of India has launched Special Edition wrist watches to commemorate the Centenary year of Bangabandhu Sheikh Mujibur Rahman.
Bangladesh is celebrating the birth centenary year of its founder president and Father of Nation Bangabandhu Sheikh Mujibur Rahman as Mujib Centenary year ‘Mujib Borsho’. The wristwatches in the limited-edition series bear the image and the signature of Sheikh Mujibur Rahman.

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The US Food and Drug Administration has approved the first coronavirus diagnostic kit for self-testing at home.
The Lucira Covid-19 All-In-One Test Kit is a molecular single-use test. It is also the first test that can be fully self-administered and provide results in 30 minutes or less. It can be self-administered for those who are above 14 years old.

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The Chief Minister Shivraj Singh Chauhan has recently announced that a Cow cabinet will be formed for the protection of cows in the state.
The state cabinet will also include Animal Husbandry, Forest, Panchayat and Rural Development, Revenue, Home and Farmers Welfare Department. The first meeting of the cabinet is to be held on November 22.