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The Reserve Bank of India has signed an MoU with the Central Bank of Seychelles (CBS) on exchange of information and mutual assistance in the banking sector supervision. The MoU was witnessed by C Edmond, First Deputy Governor, CBS and SS Mundra, Deputy Governor of the RBI. Signing MoU with overseas banks will promote greater co-operation and sharing
The Indian Air Force (IAF) has successfully carried out the landing of IAF’s Mirage 2000 combat jet on Yamuna expressway near Mathura. This test was conducted as a part of trials to use national highways for emergency landing. The IAF has been considering the use of national highways for emergency landing by fighter aircraft. Road runways are used
The National Payments Corp of India (NPCI) has received approval from Reserve Bank of India for a tie up with Chinese government-supported payment card network China UnionPay. As per the approval, China UnionPay’s cards will be accepted at all the ATMs and point of sale terminals in India through NPCI’s network. This agreement will greatly benefit Chinese
MoU with PayPal The Banking Giant, The State Bank of India (SBI) has partnered with PayPal to enable customers to use their debit cards for buying products from overseas websites. The SBI has announced the partnership with the digital payments firm, PayPal, on Thursday (May 20). Benefits of the Partnership with PayPal SBI’s Micro Small and Medium Enterprise
India has ranked 24th in Environmental Democracy Index. The index has been calculated on the basis of, Progress in enacting laws to promote transparency Accountability Citizen engagement in environmental decision making. The index evaluates environmental democracy in a total of 70 countries in the world. The report says 93 per cent of the assessed countries
