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Daily Archives: January 24, 2020

January 24, 2020 -_3.1

RBI cancels Certificate of Authorisation of Vodafone m-pesa

The Reserve Bank of India has cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa. This cancellation is done after its voluntary surrender of authorisation. Now Vodafone m-Pesa cannot continue to transact the business of issuance & will no longer have the right to provide payment facility as a prepaid instrument (PPI). Vodafone Idea in …

January 24, 2020 -_4.1

‘Women with Wheels’ service launched at Indira Gandhi International Airport

‘Women with wheels’, a unique taxi service has been launched at the Indira Gandhi International Airport, New Delhi. The ‘Women with wheels’ taxi service is an initiative by ‘Sakha cabs’. The taxi service will be only available for the female commuters and will be driven by women drivers only. The entry of men in the …

January 24, 2020 -_5.1

Reliance Jio becomes 1st Telecom to launch UPI Payments Feature

Reliance Jio becomes the 1st telecom operator to facilitate UPI payments feature through its platform. It has launched the feature on the MyJio app rather than its wallet app, JioMoney. This Reliance Jio will now compete with other private UPI payment providers such as Paytm, Google Pay and PhonePe. The users cannot use their existing …

January 24, 2020 -_6.1

Procurement of about Rs 5100 crore Indigenous Equipments approved by DAC

The Defence Acquisition Council (DAC) has approved the procurement of Indigenous Equipments valued at Rs 5100 crore. The decision was taken by the DAC headed by Raksha Mantri Rajnath Singh. The Indigenous Equipments includes Electronic Warfare Systems manufactured by the Indian industry and designed by Defence Research and Development Organisation (DRDO) for the Indian Army. …

January 24, 2020 -_10.1

Investment limit for FPIs in government & corporate bonds increased to 30%

The investment limit for Foreign Portfolio Investors (FPIs) in government and corporate bonds have been raised by the Reserve Bank of India. The decision aims to bring in more foreign funds into the market. The investment limit for Foreign Portfolio Investors (FPIs) have been raised from 20% to 30% in government & corporate bonds. Along …

January 24, 2020 -_11.1

Katerina Sakellaropoulou becomes 1st woman president of Greece

The Parliament of Greece elected Katerina Sakellaropoulou as the country’s first female president. Sakellaropoulou received the support of 261 MPs in the 300-seat Parliament, including the support of members of the ruling New Democracy Party. Important takeaways for all competitive exams: Capital of Greece: Athens; Currency of Greece: Euro.   Find More Appointments Here