” Sabpaisa, a payment solutions provider, has received the ‘in-principle’ approval from the reserve bank of india (rbi) to operate as a payment aggregator (pa) under the payments and settlement systems act, 2007.i.the licence will allow sabpaisa to offer comprehensive payment aggregation services to merchants across india.ii. the rbi’s payment aggregator structure, implemented in march 2020, mandates that only approved entities can provide payment aggregation services to merchants.”

” Union ministry of communication, government of india (goi) notified that “the post office act, 2023” came into force with effective from (w.e.f.) on 18th june, 2024. the post office act, 2023 repealed the 125-year old indian post office act, 1898.• the act aims to create a simple legislative framework for the delivery of citizen centric services, banking services and to extend other government benefits to the country’s most distant areas.• the act has a provision for the appointment of the director general(dg) of postal services.• the act removes penal provisions for various offences such as: theft, misappropriation, or destruction of postal articles by an officer of the post office.• the act allows the government through notification may empower any officer to intercept, open, detain or destroy items during transmission by the post office on following grounds: security of the state, friendly relations with foreign states, public order, emergency, public safety or contravention of the provisions of the act or any other laws.click here to read more”

The international inward money transfer service will initially be available at over 25000 post office locations with an expected reach of over 1 lakh locations through the post office

” Akhil gupta has been named as the chairman of bharti axa life insurance company limited, wholly owned by bharti group. currently he is serving as the vice chairman of bharti enterprises limited.• gupta has over 40 years of professional expertise and has been instrumental in bharti airtel’s growth since its inception.• bharti axa life insurance has appointed two new board of directors (bod) – dinesh kumar mittal and vv ranganathan.”

” Professor c v chandrasekhar (fondly referred to as cvc or chandru anna), a renowned bharatanatyam dancer and padma bhushan awardee, has passed away at the age of 89. he was born on 22nd may 1935 at shimla, himachal pradesh.• in 2011, he was awarded the prestigious ‘padma bhushan’ (arts) for his contributions in bharatanatyam.• c v chandrasekhar, an academician, dancer, musician, choreographer and mentor began his formal training in dance at kalakshetra foundation (formerly kalakshetra), chennai, tamil nadu (tn) in 1946.• he also received the up sangeet natak akademi award (1978), gujarat nrutya natak akademi award (1988) and kalidas samman (2008).”

” Federal bank, an indian private sector bank in collaboration with the national payments corporation of india (npci), has launched the federal rupay wave credit card, empowering customers with the unified payments interface (upi)-powered transactions on the rupay network.• this integration offers seamless digital transactions, combining rupay credit card benefits and features with upi payment convenience.• cardholders can link their rupay wave credit card to preferred upi apps for swift and secure mobile transactions.”

” On 19th june 2024, the reserve bank of india (rbi) released the june 2024 issue of its monthly bulletin. as per rbi’s latest bulletin, it is quite optimistic that india’s gross domestic product (gdp) will be 7.3% in q1 (april-june) fy25 (2024-25) .• this gdp is in line with the projection made by rbi in its 2nd bi-monthly monetary policy released on 7th june 2024.• it is also expected that the current account deficit (cad) for fy24 (2023-24) to be lower than 1% of gdp.• it is mandatory for rbi to maintain retail or head inflation within the target of 4% with a margin of 2% on either side.• rbi highlighted that india’s gdp growth rate of 7.8% in q4(jan-march) fy24 (2023-24) was better than expected and india’s gdp for full fy24 was at 8.2%.”

The united nations world refugee day is observed annually on 20 june in all countries across the world to honor refugees and recognise the strength and courage of people forced to flee their home countries to escape conflict or persecution the theme of world refugee day 2024 is for a world where refugees are welcome

The ministry of skill development and entrepreneurship in collaboration with the australian government hosted a pivotal roundtable to discuss insights from the australian-india critical agriculture skills pilot project the project aims to reshape the agricultural sector by identifying and developing emerging job roles

” The asian development bank (adb) has approved a usd 170 million policy-based loan aimed at bolstering india’s health system preparedness and capacity to respond to future pandemics.• the loan, under the strengthened and measurable actions for resilient and transformative health systems (smart health) subprogram 1, will support india’s national health policy 2017.• this policy focuses on providing universal access to quality healthcare services, ensuring readiness to deal with future health crises.the adb also signed a usd 50 million commitment to the actis asia climate transition fund, to accelerate the clean energy transition and address climate change impacts in asia and the pacific.click here to read more”