What is the purpose of linking India's Structured Financial Messaging System (SFMS) with the UAE's messaging system?
The Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) signed two Memoranda of Understandings (MoUs) to establish a framework to promote settle bilateral trade in respective local currencies, that Indian Rupee and UAE Dirham (AED) and interlinking payments and messaging system. The second MoU on payments and messaging systems has three components. · The first one is to link each country’s Fast Payment Systems (FPSs) – India's Unified Payments Interface (UPI) and UAE's Instant Payment Platform (IPP). The UPI-IPP linkage will enable the users in both countries to make fast, convenient, safe, and cost-effective cross-border funds transfers. · The second component is linking the respective card Switches RuPay and UAESwitch. The linking of Card Switches will facilitate the mutual acceptance of domestic cards and the processing of card transactions. · Third component is to have a direct messaging system between India and UAE, by linking India’s India's Structured Financial Messaging System (SFMS), with the UAE's messaging system. The linkage of messaging systems is aimed to facilitate bilateral financial messaging between the two countries, bypassing the SWIFT messaging system.
Of which South-East-Asian country did Joko Widodo become the President in 2019 for the second time?
Mode of pollination in potato is :
Which of the following is the correct order of taxonomic ranks, from most specific to most general?
Which of the following statements regarding the National Turmeric Board (NTB) in India is/are correct?
Statements:
1. The appointment...
Which of the following is a method of group contacts?
With an increase in variable factors, whatever increase in production per unit of factor of production is known as __________
What is the minimum requirement from farmer under Paramparagat Krishi Vikas Yojna and what is the amount of assistant provided by the govt /acre ?
What is the protein content of Barley?
The soils are called saline soils which have:
Which method used to preserves food by slowing down the growth and reproduction of microorganisms.