Current affairs 03 August 2024

UPI Transactions Exceed Rs 20 Lakh Crore for 3rd Consecutive Month.

• UPI transaction value surpassed Rs 20 lakh crore for the third month in July, reaching Rs 20.64 lakh crore, up from Rs 20.07 lakh crore in June.
• The average daily transaction volume increased to 465 million, while the daily transaction value decreased slightly to Rs 66,590 crore.
• Digital payments showed significant year-over-year growth, with UPI volumes up 49% and values up 35%.

NSDC Launches Women Entrepreneurship to Boost Women in Business.

• National Skill Development Corporation has launched the Women Entrepreneurship Program, in partnership with Britannia, to empower about 2.5 million women.
• The program includes free self-learning courses via the Skill India Digital Hub and offers certificates from NSDC, Britannia, and NIESBUD.
• It features financial grants for top business ideas, with ₹10 lakh awarded to 10 contestants.

ADB to provide $200M Loan for India's Solid Waste Management.

• The Asian Development Bank signed a $200 million loan with the Indian government to enhance solid waste management and sanitation in 100 cities across eight states.
• The program, supporting Swachh Bharat Mission 2.0, will establish waste processing facilities and improve urban sanitation infrastructure, incorporating climate-resilient and inclusive features.
• ADB hq: Mandaluyong, Philippines.

NPCI restored connectivity with C-Edge after ransomware attack.

• NPCI reestablished connectivity with C-Edge Technologies after a ransomware attack by isolating impacted systems.
• C-Edge, a joint venture between SBI and TCS, provides technology services to cooperative and regional rural banks.
• Over 100 small banks were temporarily disconnected from NPCI’s network during the isolation period to prevent broader impact.

Srinagar Named "World Craft City" by World Crafts Council.

• Srinagar has been recognized as a World Craft City by the World Crafts Council, becoming the 4th city in India to receive this honor.
• The Certificate Award Ceremony was attended by World Crafts Council President Sa’ad Hani Al-Qaddumi and other prominent personalities of the Council.
• The award aims to enhance Srinagar’s global identity and bolster the city's traditional craft industries.