Evening edition
Daily current affairs for UPSC, BPSC, State PCS and PSC exams.
Why in news?
A Member of Parliament raised concerns about the government's proposal to introduce a Merchant Discount Rate (MDR) on UPI transactions, arguing that the government or NPCI shareholders could fund the network's maintenance.
Key points
- MP Santrupt Misra proposed the government could bear the cost of maintaining the UPI network.
- He suggested using a portion of the RBI's dividend or contributions from NPCI's wealthy shareholders.
- He argued that a 0.4% MDR on transactions above ₹2,000 would impact merchants and consumers.
- The proposed MDR is set to be implemented from October 15.
Background & context
Unified Payments Interface (UPI) is India's instant real-time payment system developed by the National Payments Corporation of India (NPCI). It allows users to transfer money between bank accounts on a mobile platform.
★ Prelims fact capsule
NPCI operates UPI.
✎ Mains relevance
GS-III: Economy, Digital Payments, Financial Inclusion
Why in news?
The Tamil Nadu government has requested the Prime Minister to change the operator of Chennai airport, advocating for privatization due to perceived inadequate management.
Key points
- Tamil Nadu CM has written to PM Modi seeking a change in Chennai airport's operator.
- The State government believes better airport management is crucial for its industry-friendly image.
- The move is seen as an attempt to privatize the airport.
- The State has shortlisted Cheyyur and Gummidipoondi for a potential second airport.
Background & context
Airports in India are often managed by the Airports Authority of India (AAI), but some have been privatized through public-private partnerships. The Chennai airport is a key aviation hub.
★ Prelims fact capsule
The Tamil Nadu government is seeking to change the operator of Chennai airport.
✎ Mains relevance
GS-II: Governance, Public-Private Partnerships; GS-III: Infrastructure
Why in news?
India has dispatched another significant consignment of relief materials to Nepal following devastating flash floods.
Key points
- India sent 11 tonnes of relief material, including medicines and supplies.
- The aid was sent via a military transport aircraft to Kathmandu.
- This is part of India's 'Neighbourhood First' policy and humanitarian assistance.
- Over 130 tonnes of relief material and 54 expert personnel have been deployed by India to Nepal.
Background & context
India and Nepal share close historical and cultural ties. India has consistently provided assistance to Nepal during natural disasters.
★ Prelims fact capsule
India has sent over 130 tonnes of relief material to Nepal.
✎ Mains relevance
GS-II: International Relations (India's neighbourhood policy, disaster management cooperation)