Card On File Tokenisation (CoFT) : RBI RBI has moved to introduce card-on-file tokenisation (CoFT) The word tokenisation refers to the replacement of an actual card number with an alternative code which will be converted into a token. It is considered safer as the actual card details are not shared with the merchant during transaction […]
Snake Island
Snake Island: Ukraine has caused significant losses to the Russian military in airstrikes on Zmiinyi Island, also known as Snake Island, in the Black Sea. The hit on the island is believed to be the second major military success using missiles given to Ukraine by the West. Snake Island: Zmiinyi Island, also known as Snake […]
Participatory Notes Dropped To Rs 86,706 Crore Till May-End, 2022
Participatory Notes Dropped To Rs 86,706 Crore Till May-End, 2022: Investment in the Indian capital markets through Participatory notes (P-notes) dropped to Rs 86,706 crore till May-end, 2022. However, according to experts, foreign investors will reverse their selling stance and return to the country’s equities in the coming 1-2 quarters. In line with a decline […]
Cooperative Banks
Cooperative Banks: The Minster of Home Affairs and Cooperation has addressed a conclave, organised by the National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB), emphasising the needed Reforms for Urban Cooperative Banks (UCB). The NAFCUB is an Apex Level Promotional body of Urban Cooperative Banks and Credit Societies Ltd. in the Country. Its […]
Bedti-Varada River Interlinking Project
Bedti-Varada River Interlinking Project: Environmental groups in Karnataka have criticised the project to link the Bedti and Varada rivers in Karnataka, calling it unscientific and a waste of public money. The Bedti-Varada project was envisaged in 1992 to supply drinking water. The plan aims to link the Bedti, a river flowing west into the Arabian […]
Governor’s Powers To Call For a Floor Test
Governor’s Powers To Call For a Floor Test: In Maharashtra’s political crisis, the Governor’s decision to call for the floor test has been in the spotlight once again. Article 174 of the Constitution authorizes the Governor to summon, dissolve and prorogue the state legislative assembly. Article 174(2)(b) of the Constitution gives powers to the Governor […]
National Import-Export For Yearly Analysis Of Trade (NIRYAT) Portal
National Import-Export For Yearly Analysis Of Trade (NIRYAT) Portal: PM inaugurated Vanijya Bhawan and launched the National Import-Export for Yearly Analysis of Trade (NIRYAT) portal The portal will also provide a public database on exports from states and will help break down silos and help the industry to take fast decisions. It will also ultimately […]
Odisha’s Mo Bus
Odisha’s Mo Bus: Mo Bus, the bus service of Odisha’s Capital Region Urban Transport (CRUT) authority, has been recognised by the United Nations as one of 10 global recipients of its annual Public Service Awards for 2022 – for its role in “promoting gender-responsive public services to achieve the SDGs (Sustainable Development Goals)” Mo Bus […]
Guidelines For Prevention Of Misleading Advertisements And Endorsements For Misleading Advertisements, 2022
Guidelines For Prevention Of Misleading Advertisements And Endorsements For Misleading Advertisements, 2022: The Central Consumer Protection Authority has come up with the Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022. Bait advertising: It means enticing consumers to buy the product at a lower price. Computers and other high-tech items are easy […]
Foreign Portfolio Investors
Foreign Portfolio Investors: Foreign portfolio investors have pulled out Rs 42,000 crore this month amid rising inflation and monetary policy tightening in the US. FPI involves an investor buying foreign financial assets such as fixed deposits, stocks, and mutual funds. All the investments are passively held by the investors. Investors see relatively high valuations in […]
