CURRENT AFFAIRS

Detailed explanation-1: -Q. Who is the head of the RBI committee to deepen digital payments? Notes: The Reserve Bank of India (RBI) has recently appointed 5-member committee under the chairmanship of Nandan Nilekani to further deepen digital payments and enhance financial inclusion through Fintech.

Detailed explanation-2: -The Committee on Digital Payments was constituted by the Ministry of Finance under the chairmanship of Ratan P Watal. The committee was appointed to recommend appropriate measures for encouraging digital payments in India.

Detailed explanation-3: -The Reserve Bank of India had constituted a Working Group (WG) on digital lending including lending through online platforms and mobile apps on January 13, 2021, with Shri Jayant Kumar Dash, Executive Director, RBI as the Chairman.

Detailed explanation-4: -Prof. N.L. Sarda is the Chairman and Prof. G. Sivakumar is the Co-Chairman of the Technical Advisory Committee.

Detailed explanation-5: -The Reserve Bank of India (RBI) as the central bank of India has been playing this developmental role and has taken several initiatives for Safe, Secure, Sound, Efficient, Accessible and Authorised payment systems in the country.