RBI’s Deputy Governor (Shri Rabi Sankar), Shri Nandan Nilekani and NPCI’s MD & CEO (Shri Dilip Asbe) have launched ‘UPI One World’ for foreign nationals visiting India.
Transcorp UPI One World wallets will initially be offered via the Transcorp-Cheq app to all G20 nationals and Non-Resident Indians (NRIs).
India has been ranked 42nd out of 55 countries in the US Chamber of Commerce’s latest International IP Index report.
The annual International IP Index evaluates the protection of IP rights in 55 of the world’s leading economies, together representing around 90% of global GDP.
India’s unemployment rate dropped to a five-year low in July-June 2021-22 to 4.1 per cent, according to the latest annual Periodic Labour Force Survey , released by the National Statistical Office.
The unemployment rate under the so-called “usual status” during the one-year period declined for the fourth consecutive year since it was launched in April 2017.
Bhutan's Royal Highness The Gyalsey (Prince) Jigme Namgyel Wangchuck, became the country's first digital citizen by onboarding with the Bhutan National Digital Identity (NDI) mobile wallet.
Bhutan NDI uses cutting-edge technology to provide citizens with secure and verifiable identity credentials, ensuring the privacy and protection of their personal information.
The Centre on 24 February approved the renaming of two Maharashtra cities - Aurangabad and Osmanabad. Aurangabad will now be renamed as `Chhatrapati Sambhajinagar' while Osmanabad will be called `Dharashiv'.
The Ministry of Home Affairs (MHA) said that central government had "no objection" to changing the names of both districts of Maharashtra.
India all-rounder Ravindra Jadeja stormed into the top ten of the ICC test bowler rankings after his brilliant performance in the first two tests against Australia.
Jadeja is the third Indian in the top 10 with Ravichandran Ashwin and Jasprit Bumrah being the other two.
Lt Gen RS Reen took over as Director General Quality Assurance.
A 1986-batch officer, Lt Gen Reen is an alumnus of Indian Military Academy, Dehradun.
The Officer had completed his BE (Electrical) from National Institute of Technology, Srinagar, Specialisation in Radio Engineering and post-graduation in Communication Engineering from MC EME, Secunderabad.
State-owned Indian Renewable Energy Development Agency (Ireda) plans to set up an office in Gujarat’s GIFT City to finance Renewable Energy projects in foreign currency.
The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing Ireda avoid foreign exchange hedging costs.
Data released in the previous week showed that India's foreign exchange reserves dropped by $8.31 billion to $566.94 billion as of February 10.
India's reserves fell 8.3%, logging the biggest decline in more than 11 months in the previous week.
In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
The Reserve Bank of India has imposed several restrictions on five cooperative banks, including on withdrawals, in the wake of the deteriorating financial condition of the lenders.
The restrictions will remain in place for six months.
With restrictions in place, the banks, without prior approval of RBI, cannot grant loans, make any investment, incur any liability.