Daily News

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RBI creates ₹500 cr. fund to boost payment infrastructure

RBI has created a Payments Infrastructure Development Fund (PIDF) to encourage acquirers to deploy Points of Sale (PoS) infrastructure -- both physical and digital modes-- in tier-3 to tier-6 centres and northeastern states.

Did you Know

RBI to contribute ₹250 cr, rest by card issuing companies.

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2020 World Archery Field Championships postponed to 2022

2020 World Archery Field Championships in Yankton, USA, have been postponed until 2022 which was due to take place in September this year at the NFAA Easton Yankton Archery Centre, the world’s largest dedicated archery facility.

Did you Know

World Archery Federation HQ: Lausanne, Switzerland.

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Biocon’s Kiran Mazumdar is EY world entrepreneur of the year 2020

Kiran Mazumdar-Shaw, Executive Chairperson of Biocon Limited, was named EY ‘World Entrepreneur Of The Year 2020’ in a virtual award ceremony. She was picked from among 46 award winners from across 41 countries. She became the 3rd Indian to get the honors.

Did you Know

Earlier Indian Winners: Uday Kotak (2014); Narayan Murthy(2005).

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Tech Mahindra signs UN Global Compact Initiative to reduce emissions

Tech Mahindra, a provider of digital transformation, consulting and business reengineering services signed a joint declaration with UN Global Compact urging governments to align their COVID-19 recovery efforts with the latest climate.

Did you Know

Carbon Price of $10/ton CO2 has also been implemented by company

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5000 IoT patents filed in India in 5 years: NASSCOM

As per a report titled, IoT: Driving the Patent Growth Story in India, by the National Association of Software and Services Companies, there have been about 6,000 IoT Patents filed in India from 2009-19 of which over 5,000 were filed in last 5 years.

Did you Know

70% of patents came from multinationals, 7% from start-ups.

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L&T board reappoints AM Naik as non-executive chairman for 3 years

Larsen & Toubro on Saturday said its board has given nod for reappointment of A M Naik as non-executive chairman of the company for a period of three years from October 1, 2020. Also the tenure of whole-time Director Dip Kishore Sen was extended for 3 yrs.

Did you Know

Naik was chairman of National Skill Development Corp in 2018.

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WCD Ministry constitutes task force to examine issues related to lowering Maternal Mortality Rate

Task force is headed by Jaya Jaitly & it will submit its report by 31st July. The task Force will examine the issues related to Infant Mortality Rate, Maternal Mortality Rate, Total Fertility Rate, Sex Ratio at Birth, Child Sex Ratio (CSR).

Did you Know

Union WCD Minister: Smriti Irani.

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World Food Safety Day: 7 June

Under the theme "Food safety, everyone’s business", the action-oriented campaign to promote global food safety awareness and call upon countries and decision makers, the private sector, civil society, UN organizations and the general public to take action.

Did you Know

FAO is a UN Specialised agency headquartered in Rome, Italy.

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Sebi approves regulatory sandbox framework for stock market ecosystem

SEBI has approved the regulatory sandbox framework for the stock market ecosystem. The term is used for live testing new financial technology (fintech) solutions on customers, without having to be fully licensed, but under strict regulatory supervision.

Did you Know

SEBI HQ: Mumbai; Chairman: Ajay Tyagi.

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Senior BJP leader Chandrakanta Goyal died in Mumbai

Senior BJP leader Chandrakanta Goyal, mother of Railway Minister Piyush Goyal, died at her residence in Mumbai due to old age. She was 88. She represented the BJP from the Matunga Assembly constituency in Mumbai for three terms.

Did you Know

Piyush Goyal is also Union Minister of Commerce & Industry.

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Yatra terminates Rs 2,300-cr merger pact with US software firm Ebix

Online travel company Yatra has terminated its pending merger agreement with US-based software firm Ebix and filed litigation against it in the State of Delaware, seeking "substantial damages" for alleged breaches of terms of the pact.

Did you Know

Yatra.com is an Indian online travel agency based in Gurugram.