NPCI receives final nod from RBI to function as Bharat Bill Payment Central Unit

Why in news ? National Payments Corporation of India (NPCI) received a final nod from the Reserve Bank of India to function as the Bharat Bill Payment Central Unit (BBPCU) and operate the Bharat Bill Payment System (BBPS). About news ? Last year, BBPS operating units received in-principle approval from Reserve Bank of India took […]

NITSER (National Institutes of Technology, Science Education and Research) Amendment Bill passed in Rajya Sabha

Why in news ? NITSER (National Institutes of Technology, Science Education and Research) Amendment Bill was passed in Rajya Sabha on 26 July 2017. About news ? The Bill proposes to introduce two new Institutions namely Indian Institute of Science Education and Research (IISER) Tirupati and IISER Berhampur in the Second Schedule of the NITSER […]

Iran Claims It Launched a Satellite-Carrying Rocket Into Space

Why in news ? Iran successfully launched an advanced satellite-carrying rocket into space on Thursday, the nation’s state news channel announced. About news ? Experts describe the “Simorgh” rocket, whose name translates to “phoenix” in Persian, as a copy of North Korea’s Unha rocket, which uses some of the same technology as a long-range ballistic […]

PV Sindhu appointed as Group-I officer by Andhra Pradesh government

Why in news ? Rio Olympic medallist PV Sindhu was honoured with the post of Group-I officer in Hyderabad as the Andra Pradesh Chief MinisterN. Chandrababu Naidu presented her with the appointment letter on Thursday. About news ? Chief minister N Chandrababu Naidu handed over the Government order to the Rio Olympics silver winning shuttle. […]

Pakistan PM Nawaz Sharif resigns after Panama Papers verdict

Why in news ? Nawaz Sharif has resigned as prime minister of Pakistan following a decision by the country’s Supreme Court to disqualify him from office. About news ? The ruling came after a probe intohis family’s wealth following the 2015 Panama Papers dump linkingMr Sharif’s children to offshore companies. He is only the second […]

Sagar Vani system to alert coastal community launched

Why in news ? Union Science and Technology and Earth Sciences Minister Harsh Vardhan on Thursday launched ‘Sagar Vani’ system to communicate and help the coastal community, especially fishermen, with advisories and warnings related to the safety at sea. About news ? The Integrated Information Dissemination System (IDS) ‘Sagar Vani’, a first in India,was launched […]

HS Prannoy climbs to 17th spot in BWF world rankings

Why in news ? Indian shuttler HS Prannoy climbed to 17th position in the latest BWF (Badminton World Federation)world rankings released on Friday. About news ? Prannoy recently emerged victorious in the US Open Grand Prix Gold title after beating Parupalli Kashyap in the final.He was previously ranked 23. Ajay Jayaram is ranked 16th, while […]

Bengaluru ranks 40 among top 50 cities for women entrepreneurs: Dell

Why in news ? Bengaluru may be India’s Silicon Valley but ranks at the 40th spot among the top 50 global cities that foster high-potential women entrepreneurs, according to a report by tech giant Dell. About news ? It is the only other Indian city in the top 50 list is Delhi at the 49th […]

PM Narendra Modi-led cabinet cleared the New Wage Code Bill

Why in news ? PM Narendra Modi-led cabinet cleared the New Wage Code Bill which will ensure minimum wage to 4 crore employees across all sectors.  About news ? The new minimum wage norms would be applicable irrespective of the pay whereas it’s presently applicable to workers getting up to 18,000 rupees monthly.

Shikha Sharma reappointed as MD & CEO of Axis Bank.

Why in news ? Axis Bank has re-appointed Shikha Sharma as MD & CEO of Axis Bank for the three-year term from June 2018.  About news ? Her current term was to end in June 2018. Axis Bank informed Bombay Stock Exchange that board of directors has approved the re-appointment.  Sharma began her career with […]