Money transfers between India-Singapore will soon be possible through UPI.

 

Money can be transferred from India to Singapore using mobile phone numbers and from Singapore to India using UPI virtual payment addresses under the proposed linkage (VPA), through this initiative.

India and Singapore are all set to link their respective fast payment systems, Unified Payments Interface (UPI) and PayNow, to enable easy fund transfers between the countries at the lowest possible cost, India’s High Commissioner in Singapore P Kumaran said.

 

 

 

UPI:Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation of India. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions. It is used on mobile devices to instantly transfer funds between two bank accounts. 

 

India's Central  Bank : Reserve Bank of India (RBI), the Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee.

 

Founded on : 1935 April -1

 

RBI Governor : Shaktikanta Das 

South India to get its first Vande Bharat train today : Vande Bharat train will run between Mysuru and Chennai.

 Benguluru :Prime Minister Narendra Modi will on Friday flag off India's fifth Vande Bharat from Bengaluru, making it the first semi-high-speed train in the South. The train will run between Mysuru and Chennai and help cut travel time. It will be inaugurated at KSR Bengaluru station and arrive in Chennai later.

Passengers travelling from Chennai to Mysore will be charged ₹1,200 for a car chair and 2,295 for executive class; those traveling from Mysore to Chennai will have to pay ₹1,365 and ₹2,486 respectively.

Passengers travelling from Chennai to Mysore will be charged ₹1,200 for a car chair and 2,295 for executive class; those traveling from Mysore to Chennai will have to pay ₹1,365 and ₹2,486 respectively.

 

 

The first Vande Bharat Express train was flagged off on February 15, 2019, on the New Delhi-Kanpur-Allahabad-Varanasi route.

Vande Bharat Express : The Vande Bharat Express, previously known as Train 18, is a semi-high-speed, electric multiple unit train operated by the Indian Railways on 5 routes as of November 2022.  

Speed: Vande Bharat Express has a maximum commercial speed of 160 km/h. It exceeded 180 km/h during testing, but its tracks are not capable of supporting such high speeds; thus the train is operated at a maximum speed of 130 km/h (81 mph). 

30-Minute Daily "Public Interest Broadcast" Must: New Rules For Channels.

 New Delhi:In a bid to pitch India as an uplinking hub, the government today announced relaxation in guidelines for compliance for television channels and also made a 30-minute daily public interest broadcast mandatory, mainly for entertainment channels.

The 'Guidelines for Uplinking and Downlinking of Television Channels in India, 2022', which have been approved by the Union Cabinet, allow limited liability partnerships and companies to allow uplinking of foreign channels from Indian teleports for beaming content in countries covered by the satellite footprint.

The move is expected to allow television channels of Bhutan, Bangladesh, Sri Lanka and Nepal to uplink from India, instead of Singapore, the preferred uplinking hub for channels beamed in the subcontinent.

Currently, only 30 channels are uplinked from India out of the total 897 registered with the Ministry of Information and Broadcasting, officials said.

"Requirement for seeking permission for live telecast of events has been done away with; only prior registration of events to be telecast live would be necessary," Sanjiv Shankar, Joint Secretary (Broadcasting) said in a presentation to the media here.

The new guidelines state that a company can use news gathering equipment other than Digital Satellite News Gathering (DSNG), such as optic fibre, back pack, mobile, for which no separate permission would be necessary.

The guidelines state that electronic news gathering devices can be used.

Television channels will have to broadcast 30 minutes of public interest content every day on themes of national interest such as education and spread of literacy, agriculture and rural development, health and family welfare, science and technology, welfare of women, welfare of the weaker sections of the society, protection of environment and of cultural heritage and national integration.

"It is not that the government will give any programmes to the television channels for broadcasting under public interest content. The channels are free to create their own content on the themes mentioned in the guidelines," I&B Secretary Apurva Chandra said.

The guidelines also grant permission for a news agency for a five year period against one year at present.

 

Minister for Broadcasting (Union) : Shri. Anuraj Singh Thakur.

President of India : Smt. Droupadi Murmu.

 

Lotus In G20 Logo "Shocking", Congress leader Jairam Ramesh : India's first Prime Minister Jawaharlal Nehru had rejected a similar move.

 New Delhi:

The use of the lotus, the BJP's party symbol, in the logo for India's G20 presidency provoked sharp criticism from the Congress, which accused the ruling party of "shamelessly" promoting itself.

"Over 70 years ago, Nehru rejected the proposal to make Congress flag the flag of India. Now, BJP's election symbol has become official logo for India's presidency of G20! While shocking, we know by now that Mr.Modi & BJP won't lose any opportunity to promote themselves shamelessly!" Jairam Ramesh tweeted.

Shortly afterwards, BJP spokesperson Shehzad Poonawalla retorted in a post - "Will you remove Kamal from the name of Kamal Nath?"

Mr Poonawalla tweeted: "Lotus happens to be our National Flower! It also happens to be the aasan of Maa Lakshmi - Are you opposed to our national flower? Will you remove Kamal from name of Kamal Nath? Btw Rajiv also means Kamal ! Hope you see no agenda there!!!"

"I congratulate countrymen on the historic occasion of India's G20 presidency. 'Vasudhaiv Kutumbakam (the world is one family)' is the signature of India's compassion for the world. The lotus portrays India's cultural heritage and faith in bringing the world together," PM Modi said.

"This G20 logo is not just a symbol, it is a message, an emotion running through our veins. It is a resolve, which is now being included in our thoughts," added the Prime Minister.

The Prime Minister said India is set to assume G20 Presidency and it is a moment of pride for 130 crore Indians.

"India's presidency comes at a time of crisis and chaos in the world... No matter the circumstances, the lotus still blooms," PM Modi said as the world is recovering from a deadly pandemic, is facing a war and economic uncertainty.

The G20 summit will take place on November 15 and 16 in Bali and PM Modi will be among top leaders attending it.

 

 G 20  Participants : Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union. Spain is also invited as a permanent guest.

 

G 20 AIM : The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union. It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.

 

G 20 Chairman : Joko Widodo, President of Indonesia.

Founded on : 26 September 1999

 

Marking the beginning of private sector launches, the mission named ‘Prarambh’ will see Vikram-S carry three customer satellites in a sub-orbital flight

 India’s first privately developed launch vehicle – Hyderabad-based Skyroot’s Vikram-S – is all set to make its maiden flight from the country’s only spaceport in Sriharikota between November 12 and 16.

The final launch date will be decided based on weather conditions. “The Vikram-S rocket is a single-stage sub-orbital launch vehicle which will carry three customer payloads and help test and validate technologies in the Vikram series space launch vehicles,” said Naga Bharath Daka, COO and co-founder of the company.

 

 

ISRO -  Indian Space Research Organization.

Founded on : 1969 by Vikram Sarabhai

Not mandatory to publish in journals before final PhD thesis: UGC

 IN NEW regulations for doctoral programmes notified Monday, the University Grants Commission (UGC) has scrapped the mandatory requirement of getting research papers published in peer-reviewed journals before the final submission of a PhD (Doctor of Philosophy) thesis.

But it does not mean Ph.D scholars should stop publication of research papers in peer-reviewed journals, he said. “Focussing on high-quality research will lead to publications in good journals, even if it is not mandatory. It will add value when they apply for employment or post-doctoral opportunities.

Following that, a four-member UGC committee chaired by P Balram, former Director of the Indian Institute of Science in Bengaluru, had recommended that publication of research material in “predatory” journals or presentations in conferences organised by their publishers should not be considered for academic credit in any form.

 

UGC - University Grant Commission.

 Established in : 1953 December 26 by late Shri Maulana Abdul Kalam Azad the minister of education.

Current UGC Chairman : Prof. Mamidala Jagadesh Kumar

The Reserve Bank of India had announced guidelines on overseas trade in Indian Rupee in July. In part, this is also aimed at curtailing India’s dollar dependence for trade, and indirectly strengthen the domestic currency.

 

On the lines of an arrangement being worked out with Russia, India is in talks with Sri Lanka, the Maldives and multiple south east Asian, African and Latin American countries to initiate trading in the Indian Rupee.

The countries in these geographies have shown interest in opening Special Rupee Vostro or SRV accounts,

 A Vostro account is an account held by a bank that allows the customers to deposit money on behalf of another bank.

he first country to open a special Rupee Vostro account is Russia, which has increased supply of discounted crude to India post the Ukraine war. In September, government-owned UCO Bank received the RBI’s approval to open a special vostro account with Gazprombank of Russia and in October, Sberbank and VTB Bank – the largest and second-largest banks of Russia – opened special vostro accounts in their respective branches in Delhi.

 

Reserve Bank Governor : Shaktikanta Das.

Russian Currency : Russian ruble.

Malidives Currency : Rufiya.

Srilanka Currency : Srilankan Rupees.