RBI has extended customer protection to users of authorized PPIs. Users of PPIs will not be liable for losses incurred due to fraud/discrepancy. In third-party interference, there is no customer liability if the matter is brought to notice within 3 days.
Max of ₹ 10000 customer liability for reported b/w 4 to 7 days.
The govt has amalgamated 3 RRBs named Punjab Gramin Bank, Malwa Gramin Bank & Sutlej Gramin Bank into a single RRB with effect from Jan 1. Sponsor banks of RRBs are NABARD, Govt of Punjab & Punjab National Bank, State Bank of India & Punjab and Sind Bank.
Sponsor bank contributed 35% of share capital.
According to SEBI, Stockbrokers and depository participants using applications based on artificial intelligence (AI) will have to make quarterly disclosures on their compliance with cybersecurity framework.
Ajay Tyagi is the Chairperson of SEBI.
A special court in Mumbai declared Vijay Mallya a fugitive economic offender on a plea of the Enforcement Directorate under the provisions of the new Fugitive Economic Offenders Act which came into existence in August last year.
He has become the first businessman to be declared EFO.
Prakash Javadekar inaugurated the 27th edition of New Delhi World Book Fair. The theme of 2019 is 'Readers with Special Needs'. The theme emphasizes inclusive learning which includes audio, silent tactile & braille books for the specially-abled.
The book ‘Exam Warriors’ was written by PM Narendra Modi.
BHEL commissioned an 800 MW thermal unit at Kothagudem Thermal Power Station within a record time of 46 months in Telangana. BHEL has executed this project on Engineering, Procurement and Construction (EPC) basis.
Atul Sobti is the CEO of BHEL.
Odisha Chief Minister Naveen Patnaik announced interest-free loans of up to ₹3 lakh for women self-help groups (WSHGs) in the state. Also, he launched a scheme to distribute ₹15,000 seed money per group to three Lakh new SHGs.
Ganeshi Lal is the governor of Odisha.
Karnataka government is planning to introduce millet based mid-day meals in school government schools & Indira Canteens. Currently, the deliberations are on to introduce millet-based food weekly once. It will encourage farmers who are into organic farming.
Bengaluru is to host Organics and Millets 2019 Fair in Jan 2019.
National Highways Authority of India will sign agreements with state-owned fuel retailers IOC, BPCL, and HPCL to ensure availability of FASTags (National Electronic Toll Collection Programme) at petrol pump outlets across India.
FASTags will be available at 50 points in Delhi NCR in 1st phase
NGT imposed a fine of whopping ₹ 100 cr on Meghalaya govt for its failure to curb illegal coal mining in the state. The report of 3-member committee headed by BP Kakoti stated that around 24000 mines in Meghalaya & majority of them were operating illegally
Adarsh Kumar Goel is the chairperson of NGT.