CURRENT AFFAIRS

Detailed explanation-1: -(Prime Minister Shri Narendra Modi on August 2nd launched digital payment solution e-RUPI, a cashless and contactless instrument for digital payment.

Detailed explanation-2: -e-RUPI is a digital voucher that is received by the beneficiary on his mobile device in the form of an SMS or QR code. The voucher is in the form of a pre-paid voucher which can be redeemed at the centers that accept it.

Detailed explanation-3: -The Reserve Bank of India will issue and redeem e₹-R while the distribution and payment services will be delegated to the banks.

Detailed explanation-4: -Services That e-RUPI Covers Fertilizer Subsidies. Nutritional assistance is provided through the Child and Mother Welfare Scheme. Programs for TB eradication. Ayushman Bharat Pradhan Mantri Jan Arogya Yojana Schemes for Diagnostics and Drugs.

Detailed explanation-5: -RuPay Debit Cards, developed by National Payments Corporation of India (NPCI) was launched by the Government of India to allow individuals to make payments digitally. To get a RuPay debit card, you can reach out to your bank and ask them to issue you one.