RBI releases framework for Facilitating Small Value Digital Payments in Offline Mode

RBI releases framework for Facilitating Small Value Digital Payments in Offline Mode

The Reserve Bank has placed on its website the ‘Framework for facilitating small value digital payments in offline mode’. The framework incorporates the feedback received from the pilot experiments on offline transactions conducted in different parts of the country during the period from September 2020 to June 2021. Payment/transaction will be considered offline when the

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Indian photojournalist Danish Siddiqui Bags RedInk Journalist of the Year 2020 Award Posthumously

Indian photojournalist Danish Siddiqui Bags RedInk Journalist of the Year 2020 Award Posthumously

Photojournalist Danish Siddiqui, who died during an assignment in Afghanistan, has been posthumously awarded the ‘Journalist of the Year’ for 2020 by the Mumbai Press Club. Chief Justice of India NV Ramana presented the annual ‘RedInk Awards for Excellence in Journalism’, instituted by the Mumbai Press Club, in a virtual event. The award was received

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IRDAI selects LIC, GIC Re and New India Assurance as Domestic Systemically Important Insurers

IRDAI selects LIC, GIC Re and New India Assurance as Domestic Systemically Important Insurers

The Insurance Regulatory and Development Authority (IRDAI) stated on Thursday that Life Insurance Corporation of India, General Insurance Corporation of India and New India Assurance Co Ltd continue to be identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22. Domestic Systemically Important Insurers (D-SIIs) are the insurance companies that are considered “Too Big to Fail”.

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