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Current Affairs of 5 July 2018

Keshav Kishore, Published On:05-Jul-2018


1.        What is Payment Council of India?

·      The Payment Council of India was created in the year 2013 to fulfill the need of digital payment industry.

·      It is the apex body representing companies and settlement system.

·      The chairman of this council is Vishwas Patel.

·    The council works closely with RBI, Finance Ministry and other departments to make India a less cash society.


2.        Design University for Gaming in Visakhapatnam

·      UNESCO has done an agreement with Andhra Pradesh government to open ‘Design University for Gaming’ in Visakhapatnam.

·      UNESCO has demanded 100 acres of land to develop the city as an ‘International Gaming and Digital Learning Hub’.

·      If the gaming university will be operational then 50,000 jobs would be created in 10 years.


3.        Behdienkhlam Festival in Meghalaya

·      Behdienkhlam is one of the most colourful festival of Meghalaya.

·      It is celebrated in Jaintia Hills of Meghalaya.

·      In this festival ritualistic expression of the relentless struggle of mankind to overcome the destructive forces nature since the inception of civilization.


4.        Bank of China in India

·      RBI has given license to Bank of China to start operations in India.

·      The first branch of Bank of China in South Asia was opened in Karachi, Pakistan in 2017.

·      Bank of China is the second Chinese bank after the Industrial and Commercial Bank of China to have a branch in India.

·      It is one of the four biggest commercial bank of China having headquarter in Beijing, China.



 Source: The Hindu, The Indian Express, PIB

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