CURRENT AFFAIRS

Detailed explanation-1: -In a revolutionizing move for easy Digital payments, HPCL has enabled direct payment of Fuel, LPG and Lubes thru ICICI Bank FASTag at their Retail Outlets. This facility is available for all customers thru HP Pay App.

Detailed explanation-2: -(MRPL) is a Joint Venture of HPCL and ONGC wherein ONGC holds 71.63% of equity, HPCL holds 16.96% equity and balance equity is held by public. MRPL is a schedule ‘A’ Miniratna, Central Public Sector Enterprise (CPSE) and operates 15 MMTPA refinery at Mangaluru in Karnataka.

Detailed explanation-3: -In partnership with National Payments Corporation of India (NPCI), BOB Financial and Hindustan Petroleum have launched the HPCL BoB co-branded contactless RuPay Credit Card.

Detailed explanation-4: -India currently has 6 Payment Banks namely, Airtel Payment Bank, India Post Payment Bank, Fino, Paytm Payment Bank, NSDL Payment Bank and Jio Payment Bank.

Detailed explanation-5: -On April 11, 2016, Airtel Payments Bank became the first entity in India to receive a payments bank license from the Reserve Bank of India (RBI). It intends to bring banking services to the doorstep of every citizen of the country.