1.Amazon has enabled payments via India’s unified payments interface for customers using Android smartphones, the segment that comprises the bulk of smartphone users in the country. It has partnered with India’s Axis Bank to issue UPI IDs to its customers.Amazon -Seattle-based ecommerce giant.
2.Founder and Chairman Emeritus Analjit Singh will take over as Chairman of Max India & Max Life. He would be taking over the chairmanship of the two companies from Group President Rahul Khosla.Max Life Insurance, a subsidiary of Max Financial Services.
3.A government-appointed expert committee has proposed doubling the national-level minimum wage for a worker in the country to Rs 9,750 a month, up from a floor of Rs 4,576 at present.Expert committee, led by -Anoop Satpathy.
4.India and Sweden have concluded a security protection agreement that will enable both countries to share classified information with each other. The Scandinavian country is eyeing projects worth billions of dollars under the “Make in India” initiative.Prime Minister of Sweden is Stefan Lofven.
5.Scientists have found that nanoparticles of selenium, an essential micronutrient, can be used as an antibacterial agent. It is an antioxidant and immunity booster. Selenium nanoparticles were made by combining sodium selenite with vitamin C.Selenium is found naturally in wheat,eggs, cheese & sea food etc.
6.CBDT Chairman Sushil Chandra was appointed the new Election Commissioner ahead of the Lok Sabha polls, making the poll panel a three-member entity again.The other two members are CEC Sunil Arora and Election Commissioner (EC) Ashok Lavasa.Election Commission formed on-25 January 1950.
7.India and European Union is set to jointly take up seven research and innovations projects costing ₹320 crore to address urgent challenges in areas relating to water in India. The projects will also support transfer of European technologies to India.Tomasz Kozlowski, EU Ambassador to India.
8.National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology (IDRBT).NEFT is a facility enabling bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis.
9.Real-time gross settlement (RTGS) systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a "real time" and on a "gross" basis. Settlement in "real time" means a payment transaction is not subjected to any waiting period, with transactions being settled as soon as they are processed.
10.Bharat Interface for Money (BHIM) is a mobile app developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI). It was launched by Prime Minister Narendra Modi, at Digi Dhan mela at Talkatora Stadium in New Delhi on 30 December 2016. It was named after B. R. Ambedkar and is intended to facilitate e-payments directly through banks as part of the 2016 Indian banknote demonetisation and drive towards cashless transactions.
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