?Paytm? has launched the first wealth management product ?Digital Gold? on its platform to allow customers to buy and sell gold through electronic platform.
Note: Consumers can purchase 24K 999.9 purity gold online and store it in MMTC? PAMP?s secure vaults free of charge.
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.
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.
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.
The ASEAN India Film Festival 2018 was held in New Delhi. It was inaugurated by Information and Broadcasting Minister Col. (Retd) Rajyavardhan Singh Rathore.
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 United States of America, Mexico and Canada have won the right to host the 23rd FIFA 2026 World Cup after beating Morocco in a vote by FIFA member nations in Moscow. The North American bid received 134 of the 203 votes, while Morocco polled 65 in the ballot at a FIFA Congress held in Moscow.
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