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• Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) signed and exchanged Terms of Reference (ToR) to integrate fast payment systems of India and Nepal through Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal. • The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers. • The collaboration between India and Nepal in linking their fast payment systems through the UPI-NPI linkage would further deepen financial connectivity and “reinforce the enduring historical, cultural, and economic ties between the two countries. Learn Along: About UPI • Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. • It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience. • NPCI conducted a pilot launch with 21 member banks. The pilot launch was on 11th April 2016 by Dr. Raghuram G Rajan, Governor, RBI at Mumbai. About RBI Founded: 1 April 1935 Headquarters: Mumbai Governor: Shaktikanta Das
The Rajgir Zoo is located in which of the following states?
The _______________ of the Indian Constitution defines the Fundamental Duties of Indian Citizens.
Phulaich is a colourful festival of the State of ______.
The natural growth rate of a population is analysed by which of the following factors?
Mangrove forests of West Bengal are also called:
Public Sector Insurance Companies are those companies in which the direct holding of the Central/Sate Government is 51 % or more. Which of the following...
In 2016, who partnered with ISRO to use space technology for 'predictive policing'?
Which of the following states has the highest number of assembly constituencies?
With reference to Indian Polity, what does the abbreviation CAA stand for?
As per FAOSTAT (Food and Agriculture Organization Corporate Statistical Database), which of the following is/are correct about India's milk production?<...