Daily Current Affairs – 2020
Topic: For Prelims and Mains
Digital Payment Index
Why in news?
RBI’s DPI to track reach of digitisation of payments in India by July 2020.
The main aim of the index creation is to capture the extent of digitization of monetary payments in the
- The DPI would be based on multiple parameters and shall reflect accurately the penetration and deepening of various digital payment modes.
- The DPI will be made available from July 2020 onwards.
- The Index will help to study the impact of policy interventions that are being taken by the GoI.
- The digital payment index will allow both consumers and stakeholders to better gauge local area developments in infrastructure, access, demographic and acceptance related growth with reference to broader domestic and global standards in digital payments.
The index will have classification of urban, semi-urban and rural geographies.
Why in News?
SC backs move of Karnataka government to demolish restaurants near Hampi site.
The court concluded that the constructions were in violation of the Mysore Ancient and Historical Monuments and Archaeological Sites and Remains Act of 1961.
Previously, the Karnataka High Court had held that the Hampi World Heritage Area Management Authority was empowered to order the demolition of the illegal buildings.
- It is a UNESCO world heritage site.
- It was a part of the Mauryan Empire back in the third century BC.
- Hampi was the capital city during the four different dynasties altogether in the Vijayanagar city that came into existence in the year 1336 AD.
- The Vijayanagara Empire reached unfathomable heights under the guidance of King Krishnadeva Raya of the Tuluva Dynasty.
- ‘Kishkindha Kaand’in Ramayana has special significance concerning Hampi.
- It is located near the Tungabhadra river.
- By 1500 CE, Hampi-Vijayanagara was the world’s second-largest medieval-era city after Beijing, and probably India’s richest at that time,attracting traders from Persia and Portugal.
- It has been described by UNESCO as an “austere, grandiose site” of more than 1,600 surviving remains of the last great Hindu kingdom in South India.
Facts for prelims
- It is a latest storm to hit Northern Europe.
- It is expected to hit Ireland, France, Belgium, the Netherlands, Switzerland, and Germany.
In Germany, it is being referred to as ‘Sabine’. The storm has two names because there isn’t yet a pan-European system in place for labeling weather systems.