Question
What monetary penalty did the RBI impose on PhonePe
Limited for non-compliance with PPI guidelines?ÂSolution
The Reserve Bank of India imposed a monetary penalty of ₹21 lakh on PhonePe Limited (formerly PhonePe Pvt Ltd) due to non-compliance with directions related to Prepaid Payment Instruments (PPIs). The issue stemmed from a shortfall in the company’s escrow account which was not promptly reported to RBI. This penalty highlights RBI’s strict regulatory framework for payment systems.Â
Where was India’s first cooperative multi-feed Compressed Biogas (CBG) plant inaugurated in October 2025?Â
The Chief Minister Kisan Kalyan Yojana of Madhya Pradesh provides how much annual financial support to each registered farmer in addition to PM-Kisan be...
Which Indian institution launched Asia’s largest shallow wave basin research facility?
What is Gympie-Gympie, often referred to as the world's most toxic plant?
What was India’s total GST collection in January 2025, marking the second-highest monthly collection ever?
Which Indian state will introduce basic military training from Class I in schools?Â
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Which state is set to host the 2025 Para Athletics World Championship?
Which landmark structures along the Musi River in Hyderabad were added to the World Monuments Watch list?
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