FDI Limit of Bharti Airtel now up to 100 Percent: DoT

Delhi based global telecommunication service provider, Bharti Airtel recently got approval from the Department of Telecommunications (DoT) to increase the Foreign Direct Investment (FDI) limit up to 100% of the paid-up capital from the earlier limit of 49%. The company ..

Month: Current Affairs - January, 2020

PPI Licence of Vodafone M-Pesa revoked by RBI

The Reserve Bank of India (RBI) recently canceled the Certificate of Authorisation (CoA) of Vodafone M-Pesa after it voluntarily surrendered its authorization. RBI authorizes the Payment System Operator to set up and operate in India under the Payment and Settlement ..

Month: Current Affairs - January, 2020

World Bank lowers India’s FY 2019-20 Growth Estimate to 5%

On Wednesday, 8th January 2020, the Washington D.C based international financial institution, World Bank has lowered India’s growth rate to 5 percent for the Financial Year (FY) 2019-2020 from the earlier projected growth rate of 6 percent, following the projection ..

Month: Current Affairs - January, 2020

‘Mani App’ for Visually Challenged launched by RBI

India’s central bank, Reserve Bank of India(RBI) has launched a mobile app named ‘MANI’ on Wednesday, 1st January 2019 that will help in identifying the denomination of currency notes for the visually challenged persons. MANI stands for Mobile Aided Note ..

Month: Current Affairs - January, 2020

RBI introduces a New Type of Prepaid Payment Instrument (PPI)

The regulator of the entire banking system in India, the Reserve Bank of India (RBI) has introduced a new semi-closed type payment instrument system under the Prepaid Payment Instruments (PPIs). Earlier this month, on the 5th of December, the Reserve ..

RBI to conduct ‘Operation Twist’

The Reserve Bank of India (RBI) under the open market operations has announced a simultaneous sale and purchase of the government bonds. This will be the first time in the country that the government bonds will be on simultaneous sale ..