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RBI asks Razorpay, Cashfree to pause onboarding of new customers

Payment companies Razorpay and Cashfree Payments have received notices from the Reserve Bank of India (RBI) to withhold onboarding any new online merchants to their platforms, pending their audit for the payment aggregator/payment gateway licenses (PA/PG).

These restrictions are not likely to have any material effect on the companies, and are part of the audit process.

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Casper Ruud wins 2022 Stefan Edberg Sportsmanship Award

Casper Ruud has been announced as the winner of the 2022 Stefan Edberg Sportsmanship Award.

It is the first time since 2004 that the award has not been won by either Roger Federer (13-time winner) or Rafael Nadal (five-time winner including last four years). Ruud is also the award’s first Scandinavian winner since Sweden’s Edberg who won it for a fifth time in 1995.

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Wipro, Finastra tie up to target digital transformation business from corporate banks in the Middle East

Wipro Limited announced a partnership with Finastra, a global provider of financial software applications and marketplaces, to drive digital transformation for corporate banks in the Middle East.

This multi-year engagement, aligned with the region’s vision to rapidly digitize and bolster cross-border trade.

Thierry Delaporte is the CEO & Managing Director of Wipro Limited.

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Finastra is a financial software company headquartered in London, England.

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FIFA WC 2022: Croatia edge Morocco 2-1 to clinch third spot

Croatia beat injury-hit Morocco 2-1 in the World Cup third-place playoff to leave Qatar on a high after again surpassing expectations following their run to the final in 2018.

Despite defeat, Morocco also leave with heads aloft after becoming the first African side to reach a World Cup semi-final.

Zagreb, capital of Croatia.

Rabat, capital of Morocco.

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Croatia clinched bronze, matching the feat of their heroes from 1998 world cup.

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48th GST Council Meeting: No claim bonus to not be taxed under GST and other key takeaways

The 48th GST Council met under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Choudhary.

SUVs with an engine capacity of 1,500 cc and length exceeding 4,000 mm with a ground clearance of 170 mm could be levied a 22 percent compensation cess.

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Railway Minister Ashwini Vaishnaw appointed as first Chancellor of Gati Shakti University

Shri Ashwini Vaishnaw, Hon'ble Minister of Railways, Communications, Electronics & Information Technology, Govt. of India has been appointed as the Chancellor of Gati Shakti Vishwavidyalaya, Vadodara by Hon'ble President Smt. Draupadi Murmu. It is noteworthy to mention that Shri Ashwini Vaishnaw will be the first Chancellor of Gati Shakti Vishwavidyalaya.

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Hon’ble President has also appointed Dr. Manoj Chaudhary, as the first Vice Chancellor.

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Rajnath Singh commissions stealth-guided missile destroyer INS Mormugao into Indian Navy

Defence Minister Rajnath Singh commissioned INS Mormugao, a P15B stealth-guided missile destroyer, at the Naval Dockyard in Mumbai on December 18.

This marks the formal induction into the Navy of the 2nd of four ‘Visakhapatnam’ class destroyers, indigenously designed by Indian Navy’s in-house organisation, Warship Design Bureau and constructed by Mazagon Dock Shipbuilders.

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Indian-origin Leo Varadkar is new Prime Minister of Ireland

Indian-origin Leo Varadkar has returned for a 2nd term as Ireland’s Prime Minister as part of a job-sharing deal made by Ireland's centrist coalition government.

Lawmakers voted to approve Varadkar's nomination to replace Micheál Martin during a special session of the Dail, the lower house of Ireland’s parliament.

In his first term, he was Prime Minister from 2017 to 2020.

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Ireland head of state, President: Michael D. Higgins.

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Bloomberg 50 Report declares Gautam Adani as busiest dealmaker globally

In the ‘Sixth Bloomberg 50’ report,Businessman and philanthropist Gautam Adani has topped the list of people whose wealth witnessed the maximum rise globally during this year.

The Bloomberg report has taken into account the USD 49 billion surge in Adani’s wealth, which had helped put him ahead of billionaires like Bill Gates and Warren Buffet.

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CJI Chandrachud inaugurates 10 district court digitisation hubs in Odisha

Chief Justice of India D Y Chandrachud virtually inaugurated 10 district court digitisation hubs (DCDH) in Odisha, and said that modernisation of judiciary is the need of the hour.

With Monday's inauguration, a total of 15 DCDHs have now become functional in the state, with each catering to a neighbouring district, thus covering all 30 district courts.

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PC Rath is president of Cardiological Society of India

Senior cardiologist from Hyderabad, Dr PC Rath, on Monday was formally elected president of the Cardiological Society of India (CSI) for the year 2023-24.

CSI is a national body of cardiologists within India and those settled abroad. It has more than 5,000 members and was formed in 1948 under the stewardship of Dr Vidhan Shankar Roy, who served as its first president.

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Indian actor Dev Joshi to join crew for SpaceX moon trip

The ‘dream crew’ for the first civilian mission to the moon has been announced and it includes Indian actor Dev Joshi. Japanese billionaire Yusaku Maezawa informed that Dev Joshi will be among the eight people who will join him on a flyby around the moon on a SpaceX spaceship next year.

The rocket,developed by Elon Musk's SpaceX, will make a week-long journey to moon.

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Tamil Nadu Chief Minister MK Stalin launches scheme to uplift sanitation staff

Chief Minister M.K. Stalin inaugurated the Sanitation Workers’ Development Scheme to protect the welfare of conservancy workers in the State.

He launched a mobile application to help identify and collect census data of sanitation workers as part of the scheme.

The scheme was launched in Madurai and will benefit over 53,000 permanent and contract-based conservancy workers.

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Minority Rights Day | 18 December

Minority Rights Day which is observed on December 18th every year. The United Nations on December 18, 1992, adopted and broadcast the Statement on the individual's Rights belonging to Religious or Linguistic National or Ethnic Minorities. The government on this day ensures efforts to guarantee their rights of non-discrimination and equality.

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The theme for 2022 is “All in 4 Minority Rights”

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International Migrants Day | 18 December

On 4 December 2000, the General Assembly, taking into account the large and increasing number of migrants in the world, proclaimed 18 December International Migrants Day. On that day, in 1990, the Assembly adopted the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families.

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