BHIM Current Affairs, GK & News

NPCI launches “Rupay Festive Carnival”

The National Payments Corporation of India (NPCI) launched ‘RuPay Festive Carnival’. What are the Key Features of Rupay Festive Carnival? The ‘RuPay Festive Carnival’ will give compelling advantage and interesting discounts to RuPay users. It aimed at contactless, motivating safe and cashless payments. RuPay cardholders can revel in celebrations by helping attractive offers. The card ..

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E-Nam: 200 new Mandis integrated

On May 1, 2020, around 200 Mandis were added to the E-NAM platform. The mandis were from 7 different states. They were joined through a video conference held by the Union Minister of Agriculture Shri Narendra Singh Tomar. Highlights The mandis added were from the states of Odisha, Andhra Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Karnataka ..

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Finance minister: MDR charges not applicable for RuPay and UPI from 2020

On December 28, 2019, Finance Minister Nirmala Sitaraman announced that Merchant Discount Rate (MDR) will not be applicable on bank transactions made through RuPay and UPI platforms. Highlights The Finance Ministry has directed the banks to start campaigns to popularize UPI and RuPay debit cards. Also, the banking companies with an annual turnover more than ..

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Govt launches BHIM 2.0

Union Minister of Electronics and Information Technology (MeiTY) Ravi Shankar Prasad unveiled a slew of new initiatives and programmes, including BHIM 2.0 that packs-in new functionalities, supports additional languages and has increased transaction limits. He also launched a host of new initiatives including MeitY Startup Hub (MSH) portal, Indian Software Product Registry and selected Incubation ..

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Budget 2019 : Digital payments

To further encourage people to use digital payments as the preferred mode of their transactions, the Union Budget has announced the following measures to make digital payments successful- A 2% tax deduction at the source is proposed for all cash withdrawals exceeding Rs 1 crore in a year from a bank account. To encourage a ..

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