* The “Go Electric” campaign was launched by Bureau of Energy Efficiency (BEE) in coordination with the Andhra Pradesh State Energy Conservation Mission.

* The Andhra Pradesh State Government is to set up 400 Electric Vehicle charging vehicles all over the state to promote the usage of electric vehicles. This is to be achieved in coordination with the “Go Electric” campaign of BEE.

* The main of the step is to attract investment in the EV sector by setting up charging stations and electric vehicle infrastructure.

* The Oil India Limited recently announced that a new technique snubbing unit is to be brought from Canada to control the oil well blowout in Assam’s Baghjan.

* The Oil India Limited owned Baghjan well erupted on May 27, 2020. It has been burning for more than five months now. The fire damaged the highly sensitive ecosystem in the region.

* It displaced more than 9,000 people. The fire is still uncontrollable even after five months of continuous efforts. In order to put off the fire, a snubbing unit is being brought from Canada.

* The technology has the capability to deal with high pressure wells. It reaches the bottom of the well through network of pipes. In this technology, a new well is drilled a little away from the current well and reach the burning well horizontally. The gas is then diverted to the new well.

* A snubbing unit can do everything a rig can do. A drilling rig drills wells in the earth’s surface.

* The Securities and Exchange Board of India (Sebi) enhanced the foreign investment limit for mutual funds to $600 million from $300 million with immediate effect, while capping the overall industry limit at $7 billion.

* The regulator’s move comes after a recent surge in interest in overseas investments by Indian investors.

* It also said that mutual funds can make investments in overseas Exchange Traded Fund (ETFs) subject to a maximum of $200 million per mutual fund, compared to $50 million earlier, while maintaining the overall industry limit at $1 billion.

* Facebook has rolled out an offline to online small and medium businesses guide and other new resources to help small and medium businesses.

* This will help them move from offline to social network-owned online platforms.

* It is a step-by-step manual on how firms can build a digital presence and reach potential customers on social media

* The accelerated digital adoption as a result of the pandemic has made it critical for small businesses to pivot from offline to online.

* Italy’s Snam announced multiple green energy partnerships with Adani group, Indian Oil and Greenko, paving way for its entry into the Indian market.

* Snam is an operator of Europe's largest natural gas transmission network.

* Greenko has tied up with Snam for setting up a 50-50 joint venture to develop a “green hydrogen" business

* Italian firm has collaborated with the Adani Group to “envisage exploration of the hydrogen value chain in India and global markets.

* Recently, WhatsApp has introduced payments services in India following approval by the National Payments Corporation of India (NPCI).

* The NPCI approval also follows another recent direction imposing a cap of 30% of the total volume of transactions processed in Unified Payments Interface (UPI), applicable to all third-party app providers, effective from 1st January 2021.

* WhatsApp would now compete with existing players such as Paytm, Google Pay, Amazon Pay and PhonePe.

* In accordance with the vision of the Ministry of Housing and Urban Affairs (MoHUA),Karnataka Bank Limited launched a new indigenous RuPay debit card- National Common Mobility Card(NCMC).

* This card is the bank’s 1st ever contactless debit Card.

* The card is an international Contact-less, debit cum prepaid and interoperable transport card, a ‘One Nation One Card i.e., a card with many benefits’.

* Payments can be made without the need to insert the card at PoS(Point of Sale) terminals, i.e., a contactless payment(Tap & Go).

* With the card, payments can be made at Toll plazas, Metro transits, Parking lots, Retail outlets, Smart cities etc.

* Paytm has launched “Payout Links” for businesses, enabling them to instantly process payouts to customers, employees and vendors, without collecting their bank details.

* It is aimed at helping small businesses in sectors like gaming, retail, export, manufacturing and e-commerce.

* Payout Links will allow businesses to send ‘incentives’ or refunds to the customers’ bank accounts or wallet accounts.

* It can be used for salary payments, vendor payments, commissions and incentive transfers to be done instantly.

* Paytm Payout Links can be easily created and shared with customers, vendors and employees in one go.

* The receiver needs to simply open the link and is automatically provided with a list of saved accounts such as Paytm Wallet, Paytm UPI and connected bank accounts, which can be chosen to receive money instantly.

* Tata Consultancy Services (TCS) signed an agreement with Deutsche Bank AG, under which TCS will acquire a 100% of the shares of Postbank Systems AG(PBS) from Deutsche Bank AG. The value of the deal was not disclosed.

* PBS is the IT (Information and Technology) service provider of Deutsche Bank

* Deutsche Bank is an existing IT services partner of TCS.

* Both the parties intend to finalize the further agreements in relation to the transaction by end of 2020.

* The Transaction is subject to customary regulatory and governmental approvals.

* Postbank Systems and its about 1,500 employees will become part of TCS.

* The bank had set 2022 as the deadline for the technology migration of Postbank’s systems.

* Mobikwik partnered with American Express (Amex) to launch its first ever Card, ‘MobiKwik Blue American Express Card’, a digital prepaid Card on Amex network.

* It is the 1st card for millennial users. It is the 1st first prepaid payments card of Amex with a flexible credit limit.

* With this launch, MobiKwik becomes the first non-bank Indian company to become a member of the American Express network and issue Cards in India.

* MobiKwik, which has more than 120 million users of its wallet, aims to issue MobiKwik Blue American Express Card to at least one million users over the next one year.

* The card is a digital-only prepaid Card that can be generated out of MobiKwik App.

* It increases the presence of MobiKwik that allows users to pay at all Amex merchants, including top e-commerce stores like Amazon, Flipkart, Swiggy, etc.,

* This, furthers Mobiwik’s spiration to become India’s largest Digital Credit platform