Current Affairs for 7 January 2016

Union Cabinet gives nod to MoU with Bangladesh for operation of traditional haats

• The Union cabinet has given its ex-post-facto approval to Memorandum of Understanding (MoU) with Bangladesh for Mode of Operation of Border haats on India-Bangladesh Border signed in 2010. The Border Haats in Indian Language means Rural Market.

Andhra Bank launches IMPS for money transfer 

• Andhra Bank has launched Immediate Payment Service (IMPS) at all its branches across the country to provide inter-bank electronic fund transfer service. The customer-friendly service was launched by Andhra Bank in association with the National Payments Corporation of India (NPCI).

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