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The Reserve Bank is planning to set up an information technology wing to face the rising security challenges in the cyber world. The Governor, Mr. Raghuram Rajan addressed the issue with Media on 14th May 2015. Mr. Rajan Said that the proposed IT entity’sclean structure has to be made, focusing on issues such as cyber security by supervising the nature
The Reserve Bank of India (RBI) said that bank can allow customers to transact with contactless card upto Rs 2000 without customers punching a separate PIN for authentication with the ‘tap and pay’facility. State Bank of India (SBI) has launched contact-less credit and debit cards sbiINTOUCH. On 14th May 2015 , RBI has said that additional
Tejaswini Sagar from India won under-15 category of World School Chess Championships in her maiden attempt. In the ninth and final round played at Pattaya, Thailand, she defeated Kavinya Miyuni Rajapaksa of Sri Lank and consequently won Gold Medal. Tejaswini landed up scoring seven points out of nine by winning six, drawing two and losing one
India’s largest private sector bank, ICICI bank has launched a mobile app named ‘eftCheque’ to motivate customers migrate to electronic mode from using cheque. The advantage of this app is it just replicates the look and feel of the physical cheque. It remits funds instantly to anyone without having to register beneficiaries and without the recipient’s
Union Ministry of Human Resource Development (MHRD) on 14 May 2015 gave an in-principle approval for setting up an Indian Institute of Information Technology (IIIT) in Nagpur, Maharashtra. It will be the first IIIT to be set up in the state. The decision was taken by MHRD in 2008 to set up 20 such institutions during the
