Vision Document Current Affairs, GK & News

RBI creates Payment Infrastructure Development Fund

On June 5, 2020, the Reserve Bank of India created Payment Infrastructure Development Fund of Rs 500 crores. Highlights The apex bank has made an initial contribution of Rs 250 crores towards the funds. The rest of the fund is to come through the card issuing banks. The fund has been created to increase point ..

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Payment and Settlement Systems in India: Vision 2019 2021

The Reserve Bank of India (RBI) has released the vision document ‘Payment and Settlement Systems in India: Vision 2019 – 2021’ aiming at a cash-lite society. About the Vision Document It aims at empowering every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, quick and affordable. The theme of ..

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NITI Aayog to replace 5-year plans with 15-year vision document

Union Government’s apex think tank NITI (National Institution for Transforming India) Aayog has decided to come up with a 15-year vision document in tandem with global trends and economic growth. NITI Aayog which had replaced erstwhile Planning Commission (PC) in 2015, with its 15-year vision document will also abandon the concept of five-year plans prepared ..

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