News on Indian Economy
“First, UPI is an interbank transfer system (there are now over over 140 member banks, after initially launching with 9 participating banks). Second, it is a real time system. Third, it is ‘open’ — meaning technology companies can build applications that help users directly manage transfers into and out of their accounts held at banks,” Isakowitz wrote to Ann Misback, Secretary, Board of Governors of the Federal Reserve System.
During the meeting, Prime Minister Modi reviewed the progress of work done and gave some suggestions for cleaning the Ganga river. Giving more information about the meeting Environment Minister Prakash Javdekar said that the Prime Minister also suggested innovative ideas to clean river Ganga.
The National Highway Authority of India (NHAI) is all geared up to make toll collection fully electronic. The government has made it mandatory for all vehicle owners to adopt electronic toll payment using FASTags and not cash payment which will attract penalties from tomorrow.
Bengaluru-headquartered PhonePe crossed the one-billion transaction milestone in November last year and has grown a phenomenal 5 times in just one year, the company said in a statement.
Delhi Metro Phase 4 is touted as the longest corridor on DMRC’s vast network that criss-crosses the national capital as well as connects Noida, Gurgaon, Ghaziabad and Faridabad.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. India’s first female finance minister, Sitharaman has also served as the country’s defence minister.
French manufacturing company, Alstom is planning to double its manufacturing capacity in SriCity, in Andhra Pradesh, to 480 train sets per annum in near future.
The application developed by Gurgaon-based startup Blue Sky Analytics is an AI-enabled platform that uses satellite data for improved monitoring, supply chain and pricing analysis, as well as allocation of crop waste for use in other industries as raw material.
The Bill allows individuals to approach the adjudicating officer under the independent regulator (the Data Protection Authority) to restrict or delete personal content that meets certain predefined criteria. The EU, meanwhile, puts the onus on the user to reach out to data controllers of companies such as Google and Facebook to delete such content.
USA Pears are grown in Oregon and Washington where the right mix of volcanic soil, clean mountain water and warm spring and summer days with cool nights combine to produce world’s finest pears.
