Page-28 of Economy & Banking Current Affairs

Zoho, Juspay, Decentro Secure RBI Payment Aggregator Approval

February 8, 2024

The Reserve Bank of India has granted final authorization for three more companies – Juspay, Decentro, and Zoho – to operate as payment aggregators in India. This approval allows these companies to provide payment services to online merchants by accepting ..

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7th Session of Codex Committee on Spices and Culinary Herbs (CCSCH) held in Kochi

February 4, 2024

The 7th Session of Codex Committee on Spices and Culinary Herbs (CCSCH) was recently held in Kochi. During this session, the committee finalised and recommended quality standards for five spices — allspice, juniper berries, star anise, turmeric, and cardamom. About ..

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Centre Allocates ₹10,536Cr for Odisha’s 2024-25 Railway Infrastructure

February 3, 2024
Indian Railways

The Centre has allocated Rs 10,536 crore for Odisha’s railway infrastructure development for the 2024-25 fiscal, which is Rs 524 crore more than the amount sanctioned in last year’s Budget, official sources said. Railway Infrastructure Development Funding The annual average ..

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India Launches UPI Payment System Globally at Eiffel Tower

February 3, 2024

National Payments Corporation of India’s (NPCI) Unified Payment Interface (UPI) was formally launched at the Eiffel Tower in Paris on February 2, 2024. This marks an important step in taking UPI global. The launch coincided with India’s Republic Day celebrations in ..

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RBI’s Digital Payments Index Rises in September 2023

February 2, 2024

Reserve Bank of India’s (RBI) Digital Payments Index, a measure of the extent of digitisation of payments across the country, increased to 418.77 in September 2023 from 395.57 in March 2023. “The RBI-DPI index has increased across all parameters and ..

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Cochin Shipyard Secures ₹500 Crore Hybrid Service Operation Vessel (SOV) Order

February 2, 2024

Public sector company Cochin Shipyard Limited (CSL) has bagged a prestigious international order from a European client for the construction of a hybrid service operation vessel (SOV) for offshore wind renewables market, with an option for a follow-on order. The ..

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RBI Suspends Paytm Payments Bank’s Core Services

February 2, 2024

Reserve Bank of India (RBI) has barred Paytm Payments Bank from onboarding new customers and offering services like digital wallets and UPI transactions from March 1, 2024. This effectively cripples most operations of the payments bank. As per the RBI ..

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Finance Ministry Highlights Key Economic Challenges

January 30, 2024

Ahead of the Interim Budget, the Finance Ministry laid out four key challenges facing India’s economy in the “The Indian Economy: A Review” Report. This comes as India aims to become a $7 trillion economy by 2030 over the next ..

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