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Daily News Digest:21 October 2021

KUSHINAGAR INTERNATIONAL AIRPORT INAUGURATED BY PM MODI

PM Narendra Modi inaugurated the Kushinagar international airport in the presence of representatives from 12 countries. It is India’s 29th International Airport and the 4th in Uttar Pradesh including Jewar Airport. It is an international airport located in Kushinagar, Kushinagar district in Uttar Pradesh, India.

BHASKARABDA CALENDAR OF ASSAM

The Assam government recently announced that the Basaskarabda Luni-Solar Calendar will be used as an official calendar. It will be added to the Saka and Gregorian eras in the official calendar of the Assam Government.

Unlike Gregorian, where a day starts at midnight, the Assamese calendar begins and ends at sunrise over 24 hours. While the Gregorian goes by the solar cycle, the Saka and Bhaskarabda eras use a lunisolar system based on both the phases of the moon and the solar year.

GLOBAL FOOD SECURITY INDEX 2021 RELEASED

India got 71st position in the Global Food Security (GFS) Index 2021 from among 113 countries. The overall score of India is 57.2 points on the GFS Index 2021.

Ireland, Australia, the UK, Canada, Japan, Finland, Switzerland, the Netherlands, France and the US shared the top rank.

Ex KONKAN SHAKTI

The UK and India will launch their massive joint military Exercise, Konkan Shakti, with the re-entry of the UK's Carrier Strike Group (CSG) into the western waters of the Indian Ocean. The CSG, with HMS Queen Elizabet, its new aircraft carrier as the flagship, has been on deployment all summer in the Indo-Pacific waters.

Konkan Shakti is the 1st tri-service exercise between India and the United Kingdom.

RBI IMPOSES FINE ON PAYTM PAYMENTS BANK LTD (PBBL) AND WESTERN UNION FINANCIAL SERVICES INC.

Recently, the Reserve Bank of India (RBI) has imposed a fine on two payment providers, Paytm Payments Bank Ltd (PBBL) and Western Union Financial Services Inc. RBI levied a fine of Rs 1 crore on the PBBL. Penalty has been penalized for offenses relating to the Payment and Settlement Systems Act, 2007 (PSS Act).

“INNOVATIONS FOR YOU” LAUNCHED BY NITI AAYOG’S ATAL INNOVATION MISSION

The Atal Innovation Mission (AIM) of NITI Aayog has launched – “Innovations for You” an attempt to showcase the success stories of Atal Innovation Mission’s Startups in different domains. These startups have worked to create new, disruptive and innovative products, services, and solutions that can make way for a sustainable future.

NPCI TOKENIZATION SYSTEM (NTS) LAUNCHED

National Payments Corporation of India (NPCI) has launched the NPCI Tokenization system (NTS) to enhance the safety of customers and provide a seamless shopping experience to consumers. NTS will support the tokenization of RuPay cards, to provide an alternative for storing card details with merchants.

2021 MERCER CFS GLOBAL PENSION INDEX SURVEY

India has been ranked at 40th position out of 43 countries in the 2021 Mercer CFS Global Pension Index survey. India had an overall index value of 43.3. In 2020, India was ranked at 34th position out of 39 pension systems.

Iceland got the top rank with an index value of 84.2. Thailand had the lowest overall index value at 40.6.

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2021 MERCER CFS GLOBAL PENSION INDEX SURVEY Context: Recently, India has been ranked at 40th position out of 43 countries in the 2021 Mercer CFS Global Pension Index survey. India had an overall index ...

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NPCI TOKENIZATION SYSTEM (NTS) LAUNCHED Context: Recently, the National Payments Corporation of India (NPCI) has launched the NPCI Tokenization system (NTS) to enhance the safety of customers and prov ...

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“INNOVATIONS FOR YOU” LAUNCHED BY NITI AAYOG’S ATAL INNOVATION MISSION

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RBI IMPOSES FINE ON PAYTM PAYMENTS BANK LTD (PBBL) AND WESTERN UNION FINANCIAL SERVICES INC.

RBI IMPOSES FINE ON PAYTM PAYMENTS BANK LTD (PBBL) AND WESTERN UNION FINANCIAL SERVICES INC. Context: Recently, the Reserve Bank of India (RBI) has imposed a fine on two payment providers, Paytm Payme ...

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Ex KONKAN SHAKTI

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