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Foreign Exchange Management Act : RBI Released a Draft

Foreign Exchange Management Act : RBI Released a Draft The Reserve Bank of India (RBI) recently released a draft ‘Licensing Framework for Authorised Persons (APs)’ under the Foreign Exchange Management Act (FEMA), 1999. FEMA came in 1999 as a successor to the Foreign Exchange Regulation Act, or FERA, of 1973, with changing economic conditions in […]

Banking Current Affairs : 28th Dec 2023

Today’s Current Affairs: 28th Dec 2023 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc: International Day of Epidemic Preparedness: The United Nations proclaimed on December 7, 2020. It would be the International Day of Epidemic Preparedness. The first-ever International Day of Epidemic Preparedness was organized on December 27, 2020 INS Imphal: […]

Card-On-File Tokenization : Reserve Bank Of India

Card-On-File Tokenization : Reserve Bank Of India In order to make digital payments more secure, safe and sound the Reserve Bank of India (RBI) has now enabled card-on-file tokenization (CoFT) through card issuing banks and institutions. Tokenization refers to replacement of actual credit and debit card details with an alternate code called the “token”. It […]

Sixth NSA Meeting Of The Colombo Security Conclave

Sixth NSA Meeting Of The Colombo Security Conclave: India’s National Security Adviser (NSA) recently took part in the sixth NSA meeting of the Colombo Security Conclave (CSC). Colombo Security Conclave (CSC) is a regional security grouping comprising India, Sri Lanka, the Maldives and Mauritius. The CSC, initially known as the Trilateral for Maritime Security Cooperation, […]

Indian Navy’s Information Fusion Centre For Indian Ocean Region (IFC-IOR)

Indian Navy’s Information Fusion Centre For Indian Ocean Region (IFC-IOR): The Indian Navy’s Information Fusion Centre for Indian Ocean Region (IFC-IOR) played a quiet but crucial role in the backend as the hijacking incident of (Merchant Vessel) m.v. Ruen unfolded by coordinating between the Navy and with the ship owner. Indian Navy’s Information Fusion Centre […]