National Payments Corporation of India is the umbrella organisation for all retail payment systems in India, which aims to allow all Indian citizens to have unrestricted access to e-payment services
Patratu Thermal Power Station is a coal-based thermal power plant located near Patratu town in Ramgarh district in the Indian state of Jharkhand. The power plant is operated by the Jharkhand State Electricity Board. It has an installed capacity of 840 MW. The generating units of the power plant are very old and are operating at around 10% PLF, generating about 110 MW per day.
Hirakud dam is located in Odisha on Mahanadi.
The Dudhwa National Park is a national park in the Terai of Uttar Pradesh, India. It is part of the Dudhwa Tiger Reserve.
The Republic of Zambia is a landlocked country in Southern Africa. The capital city is Lusaka and currency is Kwacha.
The Insurance Regulatory and Development Authority (IRDAI) has set up a 10-member committee headed by Suresh Mathur (ED-IMF, IRDAI) to review norms related to Insurance
Marketing Firms (IMF) with an aim to increase insurance penetration in the country.
Bharti Airtel will acquire the business of Telenor India for an undisclosed sum in all seven circles Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
Note: Telenor India (formerly known as Uninor) was an Indian mobile network operator based in Gurgaon, Haryana, India. The company is a wholly owned subsidiary of Telenor Group, a telecommunication company headquartered in Oslo, Norway.
The ASEAN India Film Festival 2018 was held in New Delhi. It was inaugurated by Information and Broadcasting Minister Col. (Retd) Rajyavardhan Singh Rathore.
Explanation: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century. The Bank's foundation is built on the lessons of experience of existing MDBs and the private sector. Its modus operandi will be lean, clean and green: it is situated in Beijing, China.
LRS stands for - Liberalised Remittance Scheme.
LRS is a facility provided by the Reserve Bank of India for all resident individuals to freely remit certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions.
Note:
* In April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a year.
* The purpose of tightening of norms is to improve monitoring and to ensure compliance with LRS limits.
* The scheme was introduced in February 2004 and its regulations are provided under Foreign Exchange Management Act (FEMA), 1999.
Veteran journalist and editor of Srinagar based ?Rising Kashmir? newspaper was shot dead by unidentified gunmen outside his office in the Press Enclave area of Srinagar in
Jammu & Kashmir. Bukhari was instrumental in organising several conferences for peace in the Kashmir Valley.
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