RBI launches 5-year Financial Inclusion Strategy

The Reserve Bank of India has launched National Strategy for Financial Inclusion (2019-24). The main motive of the strategy is to provide access to financial services in an affordable manner. Highlights The Strategy has been launched after thorough consultation with ..

Month: Current Affairs - February, 2020

RBI to release Digital Payment Index by July 2020

The Reserve Bank of India announced that it will create a Digital Payment Index by July 2020. The main aim of the index creation is to capture the extent of digitization of monetary payments in the country Highlights With the ..

Month: Current Affairs - February, 2020

Finance minister: MDR charges not applicable for RuPay and UPI from 2020

On December 28, 2019, Finance Minister Nirmala Sitaraman announced that Merchant Discount Rate (MDR) will not be applicable on bank transactions made through RuPay and UPI platforms. Highlights The Finance Ministry has directed the banks to start campaigns to popularize ..

Fake Crypto-currency menace on the Rise

The rise of digital penetration in the world has lead to an increase in the instances of cyber crimes and digital fraud in recent years. The latest in this series of frauds has been the instance of a company based ..

Cloud Computing

Cloud computing refers to the delivery of computing services which may include computer servers, data storage, databases, networking, software development, analytics, and intelligence facilities on the Internet. This entire process is known as the cloud and it offers faster innovation ..

Digital Kleptocracy

A government in which corrupt leaders (kleptocrats) use their power to exploit the people and natural resources of a country to increase their personal wealth and political powers is referred to as Kleptocracy. What defines kleptocracy? A kleptocracy is a ..

Data security after Capital One data breach

In what could be a major deterrent for governments looking to promote digital transactions and attempting to store data online, a data breach in a financial firm has led to the loss of personal information of 106 million people in ..

Digital payment ecosystem in India

Demonetization and the government’s push towards digital payments has opened the market to several platforms which are not only more convenient but also provide greater flexibility to the people using them. Digital payment ecosystem in India As per a study ..

Tech in Brief : Cyber Resilience

The ability to anticipate, prepare for, respond to and recover from cyber attacks is known as Cyber Resilience. Cyber resilience is now being increasingly desired by companies, organizations and even governments these days. A cyber resilient government/organization should be able ..

G-20 Updates: Modi’s new “five-I” vision

In the G-20 summit, currently being held in Osaka, Japan, Indian Prime Minister Narendra Modi presented his 5-I vision. His proposed vision is expected to maximize the digital technology for social benefit. This vision was presented in the G-20 s ..