Current Affairs May 2020
IMPS transferred in April dive to 2-year low

The economic impact of the lockdown is reflected in the sharp drop in retail interbank transfers under the Immediate Payment System (IMPS). Transactions using this platform in April at 12.2 crore were half of the 24.7 crore transactions in February 2020. This platform is used in a big way by ...

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SOP to facilitate movement of persons by train

Home Affairs Ministry has issued Standard Operating Protocol (SOP) to facilitate the movement of persons by train amid lockdown imposed to contain COVID-19 spread. As per the SOP, all the passengers entering the railway station will undergo a compulsory medical screening for COVID-19 infection. ...

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Wipro CEO Abidali Neemuchwala steps down

Wipro chief executive Abidali Neemuchwala is leaving the company after four years at the helm, a period when the Bengaluru-based IT services provider lagged rivals and lost the tag of the third-largest software exporter to HCL Technologies. Abidali Z Neemuchwala has served as the CEO & MD ...

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