RBI and Bank Indonesia: MoU for Local Currency Use
The Reserve Bank of India (RBI) and the Bank Indonesia (BI) have signed a Memorandum of Understanding (MoU) to promote the use of local currencies for bilateral transactions. The MoU was signed by RBI Governor Shaktikanta Das and BI Governor Perry Warjiyo in Mumbai on March 7, 2024. Benefits of local currency use The MoU […]
Infibeam Avenues: New Holder of RBI Payment Aggregator License
Infibeam Avenues, India’s first listed AI-powered fintech company, has received the final authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for its payment gateway brand, CCAvenue. The company announced in a press release that it received the final authorisation on March 4, 2024, following the in-principle approval granted in […]
CEO Reveals Adani Defence’s 10-Year Plan
Adani Defence and Aerospace is set to make big investments in the defence sector in the next 10 years, according to its CEO Ashish Rajvanshi. The company aims to support the government’s ‘Make in India’ initiative and achieve self-reliance in defence manufacturing. Adani Defence and Aerospace: A Key Player in Defence Manufacturing Adani Defence and […]
Govt Mandates Warranty & Service Info for 4 Sectors
The government has taken a significant step to protect the rights of consumers and ensure transparency in the repair process of goods purchased. On Friday, the Consumer Affairs Secretary Rohit Kumar Singh held a meeting with the major stakeholders of four sectors — Automobiles, Consumer Durables, Mobile and Electronics, and Farming equipment — and directed […]