Correct Answer :   May 1st

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International Labour Day, also known as May Day or Workers’ Day, is celebrated on Wednesday, May 1st, 2024. This annual observance honours the contributions and achievements of workers worldwide and promotes their rights and opportunities.

The origins of Labor Day can be traced back to the late 19th century when trade unions and socialist groups designated May 1st as a day to support workers’ demands for better working conditions, fair wages, and shorter working hours.

The pivotal moment in labour history occurred on May 1st, 1886, in the United States, when labour unions initiated a strike advocating for an eight-hour workday. The strike culminated in the tragic events of Haymarket Square in Chicago on May 4th, 1886, where a peaceful rally turned violent, resulting in casualties among civilians and police officers.

Theme for International Labour Day 2024 :

Every year, the theme is announced by international labour organisations like the International Labour Organization (ILO). This year, the focus is on ensuring safety and health at work in a changing climate.

Significance and Celebrations :

Labour Day is celebrated with various events and festivities worldwide, including parades, marches, speeches, and cultural performances. These celebrations serve to honor the contributions of workers and the labour movement, and in many countries, it is observed as a national public holiday.

Correct Answer :   Cred

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Fintech company 'Cred' has launched a UPI-based ‘Scan and Pay’ service that enables members to use any QR code for payments directly from their bank accounts.

The launch move marks Cred's foray into the offline payments space dominated by PhonePe, Google Pay, and Paytm.

Cred has been pushing its UPI (Unified Payments Interface) payments feature aggressively. The company said the feature will be convenient to make offline retail payments at large format stores. Such stores comprise supermarkets, fast-food joints, beauty salons, fashion boutiques, and various lifestyle retailers. The focus is on merchants with substantial average transaction amounts and whose patrons predominantly opt for credit card payments, it said.

Regardless of the payment method used, Cred will offer users rewards for each transaction. Users may deduct these benefits from their credit card expenses.