In 2022, the RBI decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in Rupee.Reserve Bank of India Governor Shaktikanta Das has said that there is no such thinking to move towards de-dollarisation and clarified that the efforts of the central bank towards internationalization of the rupee are not aimed at replacing the dollar.“There is no ...

In 2022, the RBI decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in Rupee.Reserve Bank of India Governor Shaktikanta Das has said that there is no such thinking to move towards de-dollarisation and clarified that the efforts of the central bank towards internationalization of the rupee are not aimed at replacing the dollar.“There is no ...

7th Pay Commission Latest News: The Central Government has no plan to release the 18 months of Dearness Allowance (DA) arrears stopped during the Covid-19 pandemic to Central Government Employees.“The decision to freeze three instalments of Dearness Allowance(DA)/Dearness Relief (DR) to Central Government employees/pensioners due from 01.01.2020, 01.07.2020 and 01.01.2021 was taken in the contex...

ChatGPT-maker OpenAI is reportedly training AI to code with help from an “army” of contractors it has taken onboard at multiple locations globally. The job of these independent contractors is to “teach” AI how to write basic code, something that could have far-reaching impact on the software engineering industry in the days to come.ChatGPT is based on GPT-3.5, a large language model that u...

Nifty Indices have announced the September Semi Annual Review (SAIR) changes and the rejig will be effective from Friday, September 30, 2022 and the adjustment will take place on September 29, 2022 (Thursday).In Nifty IT index, Persistent Systems will be replacing Mindtree. The inclusion of Persistent Systems will lead to positive flows of about $17 million, as per brokerage firm Edelweiss. On acc...