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Articles from General Knowledge Today

RuPay cards will be acceptable at all PoS by January, 2013: NPCI

2012-09-10 22:09:53 Puneet

As per National Payment Corporation of India (NPCI), RuPay cards will be acceptable at all PoS (Point of Sales) terminals in the country from January, 2013. What are RuPay cards? RuPay card is a domestic debic card, launched by NPCI in April 2011. The card provides a platform to carry out electronic transactions at PoS terminals. What is PoS terminal? PoS or Point of Sale terminal is a device where debit and credit cards are swiped to perform electronic transactions. What is the present status of RuPay cards? At present, RuPay is acceptable in 48,000 merchant terminals throughout the country. As per RBI, currently, there are around 91,000 ATMs and 6.5 lakh PoS terminals in the country. While the RuPay cards are acceptable at all ATMs, most of PoS terminals are yet to accept it. At present, around 22 banks use the RuPay card-based payment system in the country. As RuPay provides a cost advantage of around 40% than the international payment systems like Visa or MasterCard, NPCI is hopeful that it will be adopted by more banks to save cost.

RBI permits Indian entities to made direct investments in Pakistan

2012-09-10 22:09:01 Puneet

Giving a fillip to bilateral trade and investments b/w India and Pak, RBI allowed India entities to make direct investments in Pakistan. The decision comes after India recently allowed investment from Pakistan. RBI will make necessary amendments in the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004, to implement the move. Trade b/w the two nations stood at about $3 billion and it is expected to touch $6 billion in the next 3 years.

Serena Williams clinches Women's Singles US Open 2012

2012-09-10 22:09:53 Puneet

Serena Williams of USA clinched her fourth Women's Singles US Open title in New York. The fourth seeded Serena beat the top seeded Victoria Azarenka of Belarus. It was Serena's 15th Grand Slam singles title. US Open Womens Doubles: Sara Errani and Roberta Vinci of Italy beat Czech pair of Andrea Hlavackova and Lucie Hradecka.

Golden Lion to South Korean film Pieta

2012-09-10 22:09:08 Puneet

South Korean Movie, Pieta, directed by Kim Ki-duk, bagged the Golden Lion Prize for best movie at the 69th Venice Film Festival. Other Awards: Silver Lion for Best Director: Paul Thomas Anderson for The Master Special Jury Prize: Paradise: Faith by the Austrian director Ulrich Seidl Best Actor Prize: Philip Seymour Hoffman and Joaquin Phoenix for their role in The Master Best Actress Prize: Hadas Yaron, for her role in the Israeli film Fill the Void.

India sets up Diplomatic Relations with Niue

2012-09-09 00:09:47 Puneet

India has signed a Joint Communiqu on the establishment of Diplomatic Relations b/w India and Niue. Niue An island country in South Pacific Ocean. Member of regional bodies such as the Pacific Island Forum and the Pacific Community and also of UNESCO, WTO and FAO. Population of around 1400. Another name for Niue is Rock of Polynesia, and is located 2400 km northeast of New Zealand in a triangle b/w Tonga to the southwest, the Samoas to the northwest and the Cook Islands to the southeast. Since 2002, India has stepped up its cooperative relations with all nations in pacific island region. India always actively engaged as a 'Dialogue Partner' of the Pacific Island

Forum (a regional group of Pacific Island countries). The country has always participated in assisting in the development of the island countries of the Pacific. Why Nuie is known as a Wi-Fi Nation? The country is also known as the worlds first Wi-Fi nation, in which free wireless Internet access is provided throughout the country.