1.India Post Payments Bank (IPPB) does away with ATM cards and debit cards for both cash and cashless transactions.IPPB will issue new QR (Quick-Response) cards which work on biometric authentication and not on passwords or PINs.QR card transactions can be done through postmen, post offices or Grameen Dak Sevaks (GDS).
2.The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in the financial year 2017-18, the first purchase of gold by the apex bank in almost nine years.RBI purchased 200 tonne of gold in November 2009 from the International Monetary Fund (IMF).According to RBI’s latest annual report for 2017-18, RBI held 566.23 tonne of gold as on 30 June, 2018.
3.The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in the financial year 2017-18, the first purchase of gold by the apex bank in almost nine years.RBI purchased 200 tonne of gold in November 2009 from the International Monetary Fund (IMF).According to RBI’s latest annual report for 2017-18, RBI held 566.23 tonne of gold as on 30 June, 2018.
4.The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in the financial year 2017-18, the first purchase of gold by the apex bank in almost nine years.RBI purchased 200 tonne of gold in November 2009 from the International Monetary Fund (IMF).According to RBI’s latest annual report for 2017-18, RBI held 566.23 tonne of gold as on 30 June, 2018.
5.The Government of India has cleared Jharkhand government’s proposal to rename Nagar Untari Railway Station as Banshidhar Railway Station and Nagar Untari town as Banshidhar Nagar.Nagar Untari, which borders Uttar Pradesh, is famous for Lord Krishna temple, which has astadhatu idol.
6.Om Prakash Mitharwal won the gold medal in the men’s 50m Pistol event of the ISSF World Championship at Changwon in South Korea on 4th September 2018.
7.Chief Justice of India (CJI) Dipak Misra recommended Justice Ranjan Gogoi as his successor.Justice Gogoi, the second senior-most judge in the Supreme Court, will take charge on October 3, 2018, as the next Chief Justice of India.
8.The Reserve Bank of India has tightened the banking ombudsman scheme with the objective to strengthen the grievance redressal mechanism for customers.The banking regulator has asked all commercial banks having 10 or more banking outlets to have an independent Internal Ombudsman (IO).IO will review customer complaints that are either partly or fully rejected by the banks.
9.Paytm Money Ltd., the fully-owned subsidiary of ‘One97 Communications Ltd.’ entered Mutual Funds domain with Systematic Investment Plans (SIPs) starting at just Rs 100.Paytm money targets to sell the Mutual Fund to around 25 million people in the next three to five years.
10.India along with 23 other nations will participate in a major Indian ocean-wide tsunami mock drill IOWave18.The exercise is being organized by the Intergovernmental Oceanographic Commission (IOC) of UNESCO.The purpose of the exercise is to increase tsunami preparedness, evaluate response capabilities in each state and improve coordination throughout the region.
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