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Major News and Events of 27 June 2019

What Happened on 27 June 2019


27 June 2019 Current Events RBI Asks Many Companies to Submit the Payment Data within 24 hours

As per news updates, the Reserve Bank of India has recently asked Amazon, Google, American Express, Mastercard and other companies to bring back their payments related data to India. The deadline issued by the Central bank to these companies is the span of 24 hours. Meanwhile, RBI had instructed these companies last year that the data must be localised in India. On Wednesday, June 26, 2019, the regulator of RBI have cleared the doubts through a set of FAQs. They informed that these directives are applicable not specifically to payment entities, but RBI needs to keep track of all the operating banks in India.


RBI Asks Many Companies to Submit the Payment Data within 24 hours

As per news updates, the Reserve Bank of India has recently asked Amazon, Google, American Express, Mastercard and other companies to bring back their payments related data to India. The deadline issued by the Central bank to these companies is the span of 24 hours. Meanwhile, RBI had instructed these companies last year that the data must be localised in India. On Wednesday, June 26, 2019, the regulator of RBI have cleared the doubts through a set of FAQs. They informed that these directives are applicable not specifically to payment entities, but RBI needs to keep track of all the operating banks in India.




FAQs and Answers on Indian History and Geography
Which States Share Boundary with China?India, in total, shares land borders with 6 sovereign countries. China is one of those. Below are the Indian states which share borders with the country. 1. Jammu and Kashmir This northern state of India is mostly located in the Himalayan mountains. It shares a… Read More...
Which States Share Boundaries with Pakistan? There are four states that share a border with Pakistan, namely, Jammu and Kashmir, Punjab, Rajasthan, and Gujarat. The India Pakistan Border is quite intriguing. Since India has installed 1,50,000 flood lights on… Read More...
Which Places in India Still Largely Speak Sanskrit?Sanskrit is considered as Dev Bhasha, the language of Gods. It has a history of around 3500 years. It used to be a primary language of ancient India. Its earliest form Vedic Sanskrit, was prevalent from 1500 500 BCE. However, it is fading… Read More...



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