Archive | May 30, 2019

Crux of The Hindu and PIB Vol 56

Forum presents the Crux of the Hindu and PIB.

The Crux of Hindu

Reading the Hindu and PIB is seen as indispensable for any aspirant. Thus, our team has compiled the relevant news items, edited them and put together in a magazine form.

Many other coaching institutes and online sites are selling the similar products at high prices. Thus, to help the fellow aspirants get the same knowledge resources for free, The Crux has been introduced.

Click here to download Crux of The Hindu and PIB Vol 56

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News for May 30, 2019

Important News from The Hindu:

Mobile Payment Mechanism in India

India is the second-largest communication market which means mobile is very common even in the remote villages or areas. But traditional banking industry cannot fulfil the needs of the India’s large population through the services like RTGS (Real Time Gross Settlement), ECS (Electronic Clearing Services) for Credit or Debit, NEFT (National Electronic Fund Transfer) System, IMPS (Immediate Payment Services).

Hence, India has move to the mobile payment mechanism to access the basic financial services from trusted source at fingertip such as UPI i.e. Unified Payment Interface which can transfer money instantly through mobile. This mechanism is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of professed role of Digital India.

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