Daily News

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Canara Bank is now the 1st public sector bank meeting RBI’s EMV mandate

Canara Bank has successfully rolled out major new functionality to support EMV card acquiring across its ATM network and Aadhaar Authentication. It is the 1st public sector bank to shift to EMV chip & PIN for card transactions.

Did you Know

Canara Bank HQ: Bengaluru; Nationalised in 1969.

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New York Times, Wall Street Journal win Pulitzers for Trump probes

The New York Times & The Wall Street Journal were awarded Pulitzer Prizes. The Journal won for its coverage of Trump's secret hush money payments to two women during his 2016 presidential campaign who claimed to have had affairs with him.

Did you Know

The Overstory by Richard Powers won the Pulitzer for fiction.

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Govt retains interest for Provident Fund at 8%

Department of Economic Affairs recently announced Government’s decision to retain the interest rate for General Provident Fund (GPF), Contributory Provident Fund and other related schemes at 8% for the first quarter of current financial year

Did you Know

Employees' Provident Fund Organisation estd in 1952 at Delhi

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RBI issues ₹50 notes bearing New Governor’s signature

Reserve Bank of India recently issued ₹50 denomination banknotes bearing the signature of New RBI Governor Shaktikanta Das in the new Mahatma Gandhi series of currency notes. He replaced Urjit Patel to head the country’s Central Bank in December 2018

Did you Know

BRBNMPL is wholly owned subsidiary of RBI which prints currency

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IMF & WB have launched Learning Coin for Its In-House Purposes

IMF and World Bank have together launched a private blockchain with a pseudo-token called “Learning Coin” & only accessible within the IMF & World Bank with a purpose to teach relevant individuals within the organizations about blockchain

Did you Know

IMF & WB are collectively called Bretton Woods sisters

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Reliance Jio's 4G network reaches 97% coverage

Reliance Jio recently enhanced its 4G/LTE network reach to 97.5%, while Airtel occupies the second slot at 85%. RJio launched its services in late 2016, after which Indians started adopting 4G technology in a big way

Did you Know

RJio was founded in 2007 by Mukesh Ambani

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Paperless account facility for NRIs launched by IDBI Bank

IDBI Bank has launched 'NRI-Insta-Online' account opening process for NRIs residing in Financial Action Task Force (FATF) member countries. The facility would allow for NRIs to open an account without furnishing physical documents/KYC proofs

Did you Know

IDBI Initially operated as a subsidiary of Reserve Bank of India

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HOME EXPO INDIA 2019 organised in Greater Noida

8th edition of HOME EXPO INDIA 2019- a 3 day exhibition organized by Export Promotion Council for Handicrafts at Greater Noida. Buyers from more than 50 countries including USA, Europe, Argentina, Brazil, Chile, Colombia, UAE etc. are expected to visit

Did you Know

EPCH is the nodal export promotion body for handicrafts in India

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Trump vetoes bill to end US military support in Yemen war

US President Donald Trump vetoed a bill passed by the Congress to end US military assistance in Saudi Arabia's led war in Yemen. Congress voted for the first time to invoke the War Powers Resolution for stopping US involvement in a foreign conflict

Did you Know

Yemen Capital: Sana'a; Currency: Yemeni Rial

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Men’s Hockey team to join Pro League in 2020

Indian men’s hockey team would join the elite Pro League in early 2020 after International Hockey Federation’s approval recently. The Pro League replaced the Men's FIH Hockey World League since 2019

Did you Know

Indian Women team would join the competition in 2021