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RBI ESTABLISHES SECOND SECURE DATA CENTRE IN ODISHA Why in the News? Infrastructure Expansion: Reserve Bank of India (RBI) has operationalised its second high-security data centre in Bhubaneswar, Odisha. Strategic Location: Facility is positioned away from cross-border threat zones and high seismic-risk areas to ensure operational resilience. STRATEGIC SIGNIFICANCE OF THE NEW DATA CENTRE Critical …
Read MoreGovt Empowers I4C to Combat Money Laundering Why in the News ? The Indian government has authorised the Indian Cyber Crime Coordination Centre (I4C) to share and receive information with the Enforcement Directorate under PMLA. This aims to strengthen efforts in tracing money trails and tackling rising cyberfraud cases. I4C Brought Under PMLA Framework: On …
Read MoreSyllabus: GS 3: Effects of Liberalization on the Economy Indian Economy and issues relating to Planning. Growth and Development. Why in the News? The Reserve Bank of India (RBI) released draft rules for payment aggregators (PAs) in response to the need for better regulation, particularly in offline payment transactions. Source: ET About the Rules: These …
Read MoreWhy in News? FATF Report on Virtual Assets Implementation Overview of FATF Findings: The Financial Action Task Force (FATF) conducted a survey on the implementation status of its requirements regarding virtual assets and virtual asset service providers (VASPs).The survey revealed that many countries are yet to fully implement FATF standards aimed at preventing the misuse …
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