On 20th March 2019, Xiaomi launched Mi Pay, a UPI (Unified Payments Interface) Based mobile payment service in India to send money from one bank account to another or between UPI (Unified Payments Interface) accounts.
The service provider of this application is ICICI Bank. It was certified by National Payments Corporation of India (NPCI). A customer can pay various types of bills, make DTH recharge with the help of this application.
On 21st March 2019, India’s fastest growing payments platform PhonePe appointed Bollywood superstar Aamir Khan as its brand Ambassador.
PhonePe is the official co-presenting sponsor for VIVO IPL 2019. It is planning to launch a series of new advertisements with a mass appeal by its ambassador on the benefits of digital payments. It will help PhonePe to create awareness about the benefits of digital payments across India. It will simplify digital payments for millions of Indians with innovation and trust in a very short span of time. Bangalore headquartered PhonePe is a Unified Payment Interface (UPI) based online payment system for electronic fund transfer launch by National Payments Corporation of India (NPCI).
The word “Lokpal” is derived from the Sanskrit word “Loka” meaning people and “pala” meaning protector or caretaker. Together it means “protector of people”. The aim of passing such a law is it to eradicate corruption at all levels of the Indian polity.
The country’s largest lender State Bank of India has signed a pact with the Bank of China to boost business opportunities. SBI has signed an MoU to enhance business synergies between both the banks.
Through this pact, both SBI and BoC will gain direct access to their respective markets of operation. Both banks’ clients will be able to use the vast combined network to expand their businesses abroad. SBI has a branch in Shanghai and BOC is opening its branch in Mumbai.
Asian Development Bank (ADB) has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly.
The investment will come equally from ADB’s Ordinary Capital Resources and Leading Asia’s Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agency (JICA) which is administered by ADB.
Hindi writer Leeladhar Jagudi honoured with Vyas Samman 2018 for his collection of poems “Jitne Log Utne Prem” published in 2013. The award carries an amount of Rs. 4 lakhs and it was started by K K Birla foundation in 1991. He has received Padma Shri in 2004 and Sahitya Akademi Award, Akashvani National Award and Uttarakhand Gaurav Samman as well.
International World Water Day is held annually on 22 March as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources.
The theme for World Water Day 2019 is ‘Leaving no one behind,’ which is the central promise of the 2030 Agenda for Sustainable Development.
An Artificial Intelligence (AI) and block chain based software products firm Intain Fintech will launch eMulya by the end of 2019.
eMulya is an intelligence blockchain which facilitates secure, efficient and trustworthy asset securitization transactions for Non-Banking Financial Companies (NBFCs) in India. eMulya will utilize AI to onboard authenticated loans and asset data to the platform and allows investors originators issuers rating agencies and services to manage the securitization life cycle in complete trust and transparency. Siddhartha S is the founder and CEO of Intain and it has a global Artificial Intelligence lab in Pune.
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