RBI Restricts BPSP Transactions over Compliance Fears

The Reserve Bank of India (RBI) has recently directed prominent card networks like Visa and Mastercard to immediately stop enabling commercial transactions by a class of entities called Business Payment Solution Providers (BPSPs) until merchant compliance issues are addressed. RBI ..

Category: Economy & Banking Current Affairs

Bengaluru Receives First Driverless Metro

Major Indian cities are progressing rapid metro rail development by incorporating next-generation driverless train technologies set to transform urban transportation. Both Bengaluru and Chennai have made strides on this front recently. Bengaluru Receives First Driverless Metro The Bangalore Metro Rail ..

Category: India Nation & States Current Affairs

16th Finance Commission Holds first Meeting

The recently constituted 16th Finance Commission of India held its first meeting on February 16th, 2023 chaired by the Commission’s Chairman Dr. Arvind Panagariya. The meeting discussed the Terms of Reference and decided to initiate wide-ranging consultations with various stakeholders. ..

Category: Legal & Constitution Current Affairs

CIAL to establish world’s first green hydrogen plant in airport

Cochin International Airport Limited (CIAL), Kerala has signed an agreement with Bharat Petroleum Corporation Limited (BPCL) for establishing a green hydrogen production facility within CIAL’s premises. The green hydrogen plant on the airport premises will make Cochin International Airport Limited ..

Category: Environment Current Affairs

Daily Current Affairs Quiz: February 16, 2024

1. Recently, the UP government collaborated with which institute to enhance disaster management? [A] IIT Roorkee[B] IIT Kanpur[C] IIT Guwahati [D] IIT Bombay Show Answer Correct Answer: A [IIT Roorkee] Notes:The Uttar Pradesh government is collaborating with the Indian Institute ..

President Approves New Anti-Cheating Law for Public Exams

On February 15 2024, President Droupadi Murmu granted her assent to the Public Examinations (Prevention of Unfair Means) Bill, 2024, clearing the legislation for implementation after passage by both houses of Parliament in the recently concluded Budget session. Public examinations ..

Category: Legal & Constitution Current Affairs

UAE Launches New Generative AI Open-Source Foundation

The advanced Technology Innovation Institute (TII) of the United Arab Emirates has launched the Falcon Foundation, a non-profit organization dedicated to advancing open-source generative AI models. Backed by $300 million funding from TII, its objective is to progress development of ..

Category: Science & Technology Current Affairs

Indonesia Conducts Massive Single-Phase Polls

On February 15 2024, Indonesia organized simultaneous regional direct elections across 171 cities and districts to elect hundreds of local leaders in what is considered the single largest polling exercise globally. Indonesia is the world’s third-largest democracy with around 205 ..

Bharat Mart Launched in Dubai

On February 15th 2024, Prime Minister Narendra Modi, accompanied by Sheikh Mohamed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, laid the foundation stone for the establishment of ‘Bharat Mart’ within the ..

Category: International / World Current Affairs

Guidelines for Green Hydrogen Use in Transport sector

The Indian Government has come out with guidelines for undertaking pilot projects for using Green Hydrogen in the transport sector. The Guidelines have been issued by the New and Renewable Energy Ministry under the National Green Hydrogen Mission. The detailed ..