K-4 nuclear missile
To further strengthen its capabilities of hitting enemy targets from submarines, India is planning to test-fire the 3,500 kilometre strike-range K-4 nuclear missile from an underwater platform off the coast of Andhra Pradesh on 8 November 2019.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21910-k-4-nuclear-missile.html
#K4 #nuclear #missile #AndhraPradesh #DRDO #NOTAM

CRS report on Afghanistan
Pakistan has played an active but negative role in Afghan affairs for decades, and Pakistan's security establishment, fearful of strategic encirclement by India, continues to view the Afghan Taliban as "a relatively friendly and reliably anti-India element in Afghanistan" says a US Congressional report.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21909-crs-report-on-afghanistan.html
#CRS #Afghanistan #ANDSF #AfghanTaliban #HaqqaniNetwork

Panel to take up WhatsApp snooping case
A parliamentary standing committee headed by Congress leader Shashi Tharoor will take up the WhatsApp snooping case in its next meeting on November 20, sources said on 6 November 2019.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21908-panel-to-take-up-whatsapp-snooping-case.html
#WhatsApp #CLST #graveconcern #SMSs #Facebook

Singapore, UAE to bank on India for money
India’s digital payment backbone UPI, which has awed some of the biggest tech companies in the world such as Google and Oracle, may soon power Singapore and UAE. Unified Payments Interface (UPI) may soon be available in Singapore and UAE as NPCI looks to expand globally.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21907-singapore-uae-to-bank-on-india-for-money.html
#Singapore #UAE #NPCI #UPI #Singapore #money

China, France reaffirm support of Paris climate agreement
French President Emmanuel Macron and Chinese President Xi Jinping on 6 November 2019 issued a joint statement reaffirming their strong support for the “irreversible” Paris Agreement on climate change, from which the U.S. announced its exit this week.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21906-china-france-reaffirm-support-of-paris-climate-agreement.html
#G20 #COP21 #XiJinping #FPEM #EmmanuelMacron #FrenchPresident

Sudan's first ever satellite
Sudan's first ever satellite for conducting research in military, economic and space technology has been launched by China, the northeast African country's ruling body said on November 5.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21905-sudan-s-first-ever-satellite.html
#Sudan #satellite #ISRA #CSP #military

Watch: RBI launches UPI123Pay: How to use UPI123Pay for feature phones #upi123
https://www.youtube.com/watch?v=GrLcz_4-5jc

Watch: RBI launches UPI123Pay: How to use UPI123Pay for feature phones #upi123
https://www.youtube.com/watch?v=GrLcz_4-5jc&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=55
#UPSCOnlineClasses #OnlineClassses #IASOnlineclasses

Today's Headlines - 06 September 2023
UPI QR Code-CBDC interoperability
GS Paper - 3 (Economy)
With banks enabling the interoperability of Unified Payments Interface’s (UPI) Quick Response (QR) code with their central bank digital currency (CBDC) or e₹ application, users of retail digital rupee will be able to make transactions by scanning any UPI QR at a merchant outlet. Merchants can also accept digital rupee payments through their existing UPI QR codes. This integration of UPI and CBDC is part of the Reserve Bank of India’s (RBI) ongoing pilot project on pushing the retail digital rupee (e₹-R).
What is interoperability?

Interoperability is the technical compatibility that enables a payment system to be used in conjunction with other payment systems, according to the RBI.
Interoperability allows system providers and participants in different systems to undertake, clear and settle payment transactions across systems without participating in multiple systems.
Interoperability between payment systems contributes to achieving adoption, co-existence, innovation, and efficiency for end users.
What is UPI QR code-CBDC interoperability?
Interoperability of UPI with the digital rupee means all UPI QR codes are compatible with CBDC apps. Initially, when the pilot for the retail digital rupee was launched, the e₹-R users had to scan a specific QR code to undertake transactions.
However, with the interoperability of the two, payments can be made using a single QR code.
The digital rupee issued by the RBI, or the CBDC, is a tokenised digital version of the rupee.
The e₹ is held in a digital wallet, which is linked to a customer’s existing savings bank account. UPI is directly linked to a customer’s account.
How will it benefit customers and merchants?

The interoperability of UPI and CBDC will ensure seamless transactions between a customer and merchant without having the need to switch between multiple digital platforms.
It will allow a digital rupee user to make payments for their daily needs, such as groceries and medicines, by scanning any UPI QR codes at any merchant outlet.
Even merchants are not required to keep a separate QR code to accept the digital rupee payments. They can accept CBDC payments on their existing QR code.
What is a QR code?
A Quick Response (QR) code consists of black squares arranged in a square grid on a white background, which can be read by an imaging device such as a camera.
It contains information about the item to which it is attached, according to the National Payments Corporation of India (NPCI). QR code is an alternate contactless channel of payments. It allows merchants or businesses to accept payments from their customers directly into their bank accounts.

#upsc #news #headline #UPI #QR #code #CBDC #interoperability #economy #digital #currency #payments #RBI #adopation #transactions #systems #merchants #customer #account #benefit #NPCI #camera #wallet #rupee #multipleplatforms #national #corporations #india