Current Affairs For Bank, IBPS Exams - 08 August, 2014
Current Affairs For Bank, IBPS Exams
08 August, 2014
Pakistan Rangers to hand over BSF constable
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The Border Security Force (BSF) constable who was captured by Pakistani Rangers, after he was swept away by the strong currents of Chenab in Jammu and Kashmir, would be handed over to Indian agencies.
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The hand-over of Satyasheel Yadav (30), who is posted with the BSF’s water wing, would take place at a sector commander-level meet.
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The jawan was on patrol with three other BSF personnel in the Paragwal-Khour sub-sector along the Line of Control when their boat developed a snag. He fell into the river and was swept away to the Pakistani side. He was subsequently apprehended by Pakistani forces.
Reserve Bank proposes ‘anytime anywhere’ bill payment system
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The Reserve Bank of India (RBI) issued draft guidelines for the implementation of Bharat Bill Payment System (BPPS).
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The draft guidelines outline the requirement and the basic tenets of operating the BBPS, and prescribe the eligibility criteria, standards for settlement model and customer grievance redressal, roles and responsibilities and scope for entities seeking to be part of BBPS.
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The objective of the BBPS is to implement an integrated bill payment system across the country and offer interoperable and accessible bill payment service to customers through a network of agents, enabling multiple payment modes and providing instant confirmation of payment.
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The centralised bill payments infrastructure will consist of two types of entities carrying out distinct functions – an entity operating the BBPS which will be the standard setting body and will cover standards related to payment, clearing and settlement process and Bharat Bill Payment Operating Units (BBPOUs), which will be the authorised operational units, working in adherence to the standards set by the BBPS.
