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PM Modi launches RuPay card in UAE

IndiaTimes Saturday, 24 August 2019
PM Modi on Saturday launched the RuPay card in UAE. RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments. RuPay facilitates electronic payment at all Indian banks and financial institutions. India has already launched the RuPay card in Singapore and Bhutan.
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News video: For first time Rupay card launched in Middle East MEA

For first time Rupay card launched in Middle East MEA 01:06

For first time Rupay card launched in Middle East MEA

💡 newsR Knowledge: Other News Mentions

United Arab Emirates United Arab Emirates country in Middle East

Custom team recovers approx 32 kgs of gold worth over Rs 15 crores from Jaipur International airport [Video]

Custom team recovers approx 32 kgs of gold worth over Rs 15 crores from Jaipur International airport

14 Indian national passengers coming from UAE and Saudi Arabia were intercepted by the custom team on July 07. The incident took place at the Jaipur International airport. Over 31 kilograms of gold worth over Rs. 15 crores was recovered from them.

Credit: ANI    Duration: 01:14Published

Narendra Modi Narendra Modi 14th and current Prime Minister of India

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Reserve Bank of India Reserve Bank of India Central banking institution of India

Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended [Video]

Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended

Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points to inject liquidity and extended the loan repayment moratorium by another three months up to August 31. The central bank also increased the group exposure limit of banks from 25 to 30 per cent of eligible capital base for enabling corporates to meet their funding requirements from banks. The increased limit will be applicable up to June 30 next year. The measures did not cheer investors who believed the extension of moratorium is good for the economy but in substance will negatively impact banks and non-banking finance companies. At the closing bell, the BSE S and P Sensex was down by 260 points or 0.84 per cent at 30,673 while the Nifty 50 edged lower by 67 points or 0.74 per cent at 9,039. Except for Nifty pharma, IT and auto, all sectoral indices at the National Stock Exchange were in the red with Nifty financial service down by 3 per cent, private bank by 2.8 per cent, metal by 1.8 per cent and realty by 1.1 per cent. As investors worried over the possible loan repayment delays and defaults, Axis Bank plunged by 5.2 per cent to Rs 338.60 per share. ICICI Bank dipped by 3.9 per cent and HDFC Bank slipped by 1.9 per cent while Bajaj Finance and Bajaj Finserv lost by 4.5 and 4.6 per cent respectively. Home loan lender HDFC too dropped by 5.1 per cent to Rs 1,515.85 per share. Metal majors Hindalco, Tata Steel and JSW Steel cracked by 3.9 per cent, 3 per cent and 2.3 per cent respectively while Bajaj Auto skidded by 3 per cent. However, those which gained were Mahindra and Mahindra, Cipla, Infosys, Asian Paints, Britannia and Tech Mahindra. Meanwhile, Hong Kong shares tumbled after China moved to impose a new security law on the city after last year's pro-democracy unrest. That raised the prospect of further straining US-China ties. Hong Kong's Hang Seng index fell by 5.56 per cent to a seven-week low.

Credit: ANI    Duration: 01:14Published
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Equity benchmark indices were flat during early hours on Friday as Reserve Bank of India (RBI) governor Shaktikanta Das prepared to address a press conference. Reports said he could announce the continuation of liquidity support measures to support the economy in view of COVID-19 lead countrywide lockdown. At 9:55 am, the BSE S-P Sensex was up by 34 points at 30,967 while the Nifty 50 edged higher by 2 points at 9,108. Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank up by 1.8 per cent. Nifty metal was down by 1.4 per cent.

Credit: ANI    Duration: 01:01Published
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Credit: ANI    Duration: 01:40Published

Singapore Singapore Country in Southeast Asia

Silence on LGBT rights in Singapore election [Video]

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Credit: Reuters Studio    Duration: 02:17Published
F1 cancels Azerbaijan, Singapore and Japan races [Video]

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Azerbaijan, Singapore and Japan join the list of Formula One grands prix cancelled due to the COVID-19 pandemic.

Credit: Reuters - Sports    Duration: 03:22Published
North Korea says little reason to maintain Trump ties [Video]

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North Korean leader Kim Jong Un sees little use in maintaining a personal relationship with U.S. President Donald Trump if Washington sticks to hostile policies, state media reported on Friday. Libby Hogan reports.

Credit: Reuters - Politics    Duration: 01:34Published
Pupils wearing face masks return to school in Singapore [Video]

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With new infections slowing and no major outbreaks outside dorms, the government began easing measures TuesdayView on euronews

Credit: euronews (in English)    Duration: 00:50Published
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Credit: Reuters Studio    Duration: 00:47Published

Bhutan Bhutan Country in South Asia

Indians have done their best to respond to China's aggressive actions: Mike Pompeo [Video]

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Credit: ANI    Duration: 02:31Published

From Pagodas in Myanmar to Shiva temple in Lao, how India is helping countries restore cultural heritage

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India, Bhutan sign agreement on 600 MW Kholongchhu Hyrdroelectric Project pact

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