By: D.K. Choudhary
PM Narendra Modi launches UPI based mobile payment app called “BHIM”
i. Prime Minister Narendra Modi launched UPI based mobile payment application called BHIM (Bharat Interface for Money)
ii. BHIM – a rebranded version of UPI (Unified Payment Interface) and USSD (Unstructured BHIMSupplementary Service Data), at the Digi Dhan Mela event in Talkatora stadium in New Delhi.
iii. The app can be downloaded from Android app store. It can be used by a smart phone or feature phone of Rs 1,000-1,200 and there is no need to have Internet connectivity.
iv. PM dedicated the new app to Dr B.R. Ambedkar and at the event Tihar Jail was announced a cashless society.
v. PM also made payment to Khadi using the Bhim mobile application.
Features of the App:
♦ People have to register your bank account with BHIM, and set a UPI PIN for the bank account. Their mobile number is payment address (PA)
♦ Money can also be sent to non UPI supported banks using IFSC and MMID. We can also collect money by sending a request and reverse payments if required.
♦ We can check your bank balance and transactions details on the go and create a custom payment address in addition to your phone number.
♦ We can scan a QR code for faster entry of payment addresses.
♦ Maximum of Rs. 10,000 per transaction and Rs. 20,000 within 24 hours is allowed under this app and it supports Hindi and English and more languages will be added soon.
20th fast patrol vessel delivered to Coast Guard
i. The Cochin Shipyard delivered ICGS AYUSH, the 20th Fast Patrol Vessel, to the Indian Coast Guard.
ii. With this, it has completed construction of 20 Fast Patrol Vessel series for the Coast Guard.
iii. ICGS Ayush will be operated from the Coast Guard Station at Krishnapatanam During the current financial year.