Current Affairs in Short: 27 December 2018

The Reserve Bank of India (RBI) on December 26, 2018 launched a 'Survey on Retail Payment Habits of Individuals (SRPHi)'. The survey will capture payment habits of individuals in six cities, including four metropolitan towns.

Created On: Dec 27, 2018 17:10 ISTModified On: Dec 27, 2018 16:12 IST
Current Affairs in Short: 27 December 2018

RBI launches survey to capture retail payment habits in 6 cities

• The Reserve Bank of India (RBI) on December 26, 2018 launched a 'Survey on Retail Payment Habits of Individuals (SRPHi)'.
• The survey will capture payment habits of individuals in six cities, including four metropolitan towns.
• It will cover a sample of 6,000 individuals from various socio-economic backgrounds across six cities including Mumbai, Delhi, Kolkata, Chennai, Bengaluru and Guwahati.
• The survey seeks qualitative responses from individuals on their payment habits.
• The findings may provide some idea about awareness and usage habits of digital payment products.

Andhra Pradesh gets new High Court

• Andhra Pradesh got its own High Court on December 26, 2018. It will start functioning from January 1.
• Ministry of Law and Justice notified the constitution of the High Court in Amaravati.
• Andhra Pradesh High Court will be the 25th High Court in the country.
• Hyderabad High Court has been functioning as common high court for Telangana and Andhra Pradesh till now after bifurcation of undivided Andhra Pradesh.
• Telangana was carved out of the state in 2014, with Hyderabad as its capital.

IIT-Bombay alumnus Rajesh Subramaniam named president and CEO of FedEx

• Indian-American Rajesh Subramaniam was named as the President and Chief Executive Officer of US multinational courier delivery giant, FedEx Express.
• Subramaniam, currently the Executive Vice President, Chief Marketing and Communications Officer of FedEx Corporation, will assume his new role on January 1, 2019.
• He replaces David L Cunningham at the Tennessee-headquartered company.
• Subramaniam, an IIT-Bombay graduate from Thiruvananthapuram, has been with FedEx for more than 27 years. He has held various executive-level positions in the company.

DIPP Swachch Bharat Grand Challenge Awards presented

• As part of the Swachhta Pakhwada held in November 2018, the Department of Industrial Policy and Promotion (DIPP) organised a Swachch Bharat Grand Challenge.
• This was organized to reward innovative solutions by DIPP recognised Start-ups in the country.
• Four areas of sanitation, waste management, water and wastewater management and air management were selected for the grand challenge.
• One hundred sixty-five applications were received from 70 districts in 22 states.
• Unique solutions were received from start-ups who had also filed for intellectual property rights.
• The 1st Prize money for the Swachch Bharat Grand Challenge was Rs 2 lakh along with a certificate of appreciation.

Afghanistan postpones presidential election

• Afghanistan's election commission postponed the presidential election, initially scheduled for April 2019, for several months.
• The elections were postponed to allow time to fix technical problems that surfaced during 2018 October's parliamentary elections.
• Abdul Aziz Ibrahimi, deputy spokesman for the election commission, said that more time is needed to train staff on a biometric identification system to reduce fraud.
• The verification of voter lists also requires more time.

Government reviews guidelines for FDI in E- commerce

• The Government has reviewed guidelines for Foreign Direct Investment in E- commerce companies to protect the interests of domestic players.
• It undertook host of steps and barred e-commerce companies from selling products of the companies in which they have stake.
• It prohibited e-commerce companies from entering into an agreement for exclusive sale of products.
• Cash back provided to buyers by group companies of marketplace entity shall be fair and non-discriminatory.
• The E-commerce entities providing marketplace will not directly or indirectly influence the sale price of goods or services and shall maintain level playing field.
• These decisions will come into effect from February 2019.

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