Current affairs 01June 2023

FICCI presents award to Mumbai's BEST for excellence in smart mobility.

• The Federation of Indian Chambers of Commerce and Industry (FICCI) has conferred the award in the Smart Mobility category to the Brihanmumbai Electric Supply & Transport Undertaking (BEST).
• Reason: Pioneering efforts in adopting green and sustainable practices.
• The BEST has been working on its transformation for 2 years, such as 10,000 Electric Buses, Digital Tickets on NCMC and BEST Chalo App, First And Last Mile Services, and Mobility-As-A-Service (MaaS).

Razorpay launches one-step payments solution Turbo UPI.

• Razorpay has launched Turbo UPI, which claimed India's fastest one-step UPI (unified payments interface) payment solution.
• It allows customers of online merchants to make UPI payments directly without getting redirected to a third-party UPI app during checkout.
• It aims to deliver a 5X faster payment experience.
• It helps businesses achieve a significant increase in the success rate of UPI payments by 10%.
• This solution was developed in partnership with NPCI and Axis Bank

Odisha government announces "Mo Ghara" housing scheme.

• The Odisha government has launched a Mo Ghara (My House) scheme to provide credit-linked financial assistance to beneficiaries who face a fund crunch to complete or upgrade their houses.
• The scheme will cover all such families who were left out in the existing housing schemes.
• Under the Scheme, a beneficiary can avail housing loan up to Rs 3 Lakh which can be repaid in 10 years excluding a one-year moratorium period in easy installments.

RBI working on lightweight, portable payment system.

• RBI has conceptualized a lightweight payment and settlement system (LPSS), that can be operated from anywhere by a bare minimum staff in the event of natural calamities and war.
• This new payment system will be independent of conventional technologies used for existing payment systems such as RTGS, NEFT, and UPI.
• This system is expected to operate on minimalistic hardware and software.
• It will process transactions that are critical to ensure the stability of the economy.

RINL awarded prestigious "Greentech Safety Award 2023".

• RINL has conferred the prestigious GreenTech Safety Award 2023 under Safety Excellence Category at the 21st Annual Greentech awards function.
• Reason: For its outstanding contribution to improving workplace safety in 2022-23.
• The 21st Annual Greentech Awards was organized by the Greentech Foundation to recognize the organizations that are taking responsibility for defining a commercial future by adding value through excellence in fire, safety, and security management.