Daily Current Affairs 30th December, 2016
Colombia’s Congress passed a law granting amnesty to Marxist FARC (Revolutionary Armed Forces of Colombia) rebels
- It is part of historic peace deal reached between rebels and Government.
- The law grants special legal treatment, amnesty and pardons to members of the FARC accused of political and related crimes. It does not apply to FARC rebels accused of offenses such as war crimes, rape, torture and extrajudicial killings.
Wage payment through banks ordinance gets President’s nod
- President Pranab Mukherjee has approved the Payment of Wages (Amendment) Ordinance, 2016, to enable industries to pay wages through cheque or by direct credit into bank accounts of workers earning up to Rs. 18,000 a month without their permission.
- Allows industries to pay wages to workers earning up to Rs. 18,000 per month, without taking their explicit consent as required under present Act.
RBI extends loan repayment window to 90 days
- The Reserve Bank of India (RBI) has asked lenders to provide borrowers 90 days for repayment of housing, car, farm and other loans worth up to 1 crore rupees, stated that the dispensation will apply to dues payable between 1st November and 31st December.
- RBI has decided to provide another 30 days over and above the existing 60 days
PM Narendra Modi launches UPI based mobile payment app called BHIM
- Prime Minister Narendra Modi launched UPI based mobile payment application called BHIM (Bharat Interface for Money) at the Digi Dhan Mela held in Talkatora stadium, New Delhi.
- The app is rebranded version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data) for simpler digital payments without cash.
- BHIM is Aadhaar-based payments app developed by the National Payment Corporation of India (NPCI).
- The app is currently available only on Android; so iOS, Windows mobile users etc are left out. BHIM is also supposed to support Aadhaar-based payments, where transactions will be possible just with a fingerprint impression, but that facility is yet to roll out.
- BHIM app is not a mobile wallet.
- In case of mobile wallets like Paytm or MobiKwik a person can store a limited amount of money on the app, that can only be sent to someone who is using the same wallet.
- But BHIM is based on UPI, which is the Universal Payments Interface and thus linked directly to a bank account.
- There’s a pretty comprehensive list of banks that are supporting BHIM app for UPI-based payments.
- The list includes Allahabad Bank, Andhra Bank, Axis Bank, Bank of Baroda, Bank of Maharashtra, Canara Bank, Catholic Syrian Bank, Central Bank of India, DCB Bank, Dena Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC Bank, Indian Bank, Indian Overseas Bank, IndusInd Bank, Karnataka Bank, Karur Vysya Bank, Kotak Mahindra Bank, Oriental Bank of Commerce, Punjab National Bank, RBL Bank, South Indian Bank, Standard Chartered Bank, State Bank of India, Syndicate Bank, Union Bank of India, United Bank of India, and Vijaya Bank.
PMUY target of 1.5 crore LPG connections
- The Union Ministry for Petroleum & Natural Gas has met the 1.5-crore target for LPG connections that were to be added under the Pradhan Mantri Ujjwala Yojana (PMUY) in the 2016-17 financial year.
- This Target was achieved within a span of less than eight months since the launch of the scheme which is implemented across 35 States/UTs.
- The scheme provides free LPG connection with financial assistance of Rs. 1600/- per connection to an adult woman member of BPL family identified through Socio-Economic Caste Census (SECC) data.
Amul’s ‘India 3.0’ book launched