Correct Answer : Option (B) - Gurugram

American Express, a global payments company, has announced the inauguration of its expansive, nearly one-million-square-foot campus in Gurugram, Haryana. According to a release by the company, the new campus will serve as a hub for American Express operations in India and will be the largest campus opened by the company to date.

Situated in sector 74A Gurugram, the new office will be an addition to its existing facilities in Gurugram, Delhi, Mumbai, Bengaluru, Chennai, and Pune.

Employees are set to transition to the new facility in phases, with the relocation process slated to commence by the end of May 2024.

Sanjay Khanna, CEO and Country Manager of American Express India emphasised the company's focus on nurturing local talent and leveraging global expertise to drive innovation and enhance customer experiences worldwide.

Khanna said, "The new office building provides a modern, energy efficient workspace that will enable our teams to continue driving innovation and delivering exceptional value to our customers worldwide."

Correct Answer : Option (D) - Shashi Bhushan Singh

The Central Government has approved the appointment of Shashi Bhushan Singh (IRTS) as Secretary (at Director level) of National Jute Board, Kolkata under the Ministry of Textiles.

According to an order issued from the Department of Personnel and Training (DoPT), Singh has been appointed to the post for a period of five years or until further orders, whichever is earlier.

Singh is an Indian Railway Traffic Service (IRTS) of 2010-batch. “He may kindly be relieved of his duties immediately with instructions to take up his new assignment,” the order read.

“However, in view of declaration of election to the Lok Sabha, if the officer is on election related duty he may kindly be relieved after due clearance from the Election Commission of India to take up his new assignment in the Ministry of Textile," the order further read..

Source : PSU Watch

Correct Answer : Option (C) - Namibia

NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Thursday (2nd May 2024) entered into an agreement with the Bank of Namibia (BoN) for developing an instant payment system like Unified Payment Interface (UPI) for the African nation.

This partnership marks NPCI’s first-ever collaboration with a central bank to deploy the UPI stack in an international market.

The collaboration is aimed at developing real-time person-to-person (P2P) and person-to-merchant (P2M) transactions in Namibia.

“Through this collaboration, BoN will gain access to best-in-class technology and insights from NIPL, enabling the creation of a similar platform in Namibia for the digital welfare of its citizens,” NIPL said in a release.

The agreement aims at improving accessibility, affordability, connectivity with both domestic and international payment networks, and interoperability of payments.

“By enabling this technology, the country will gain sovereignty in the digital payments landscape and stand to benefit from enhanced payment interoperability and improved financial access for underserved populations. This will also ensure scalability and adaptability to embrace future technological advancements and market demands, thereby propelling economic prosperity in the region,” said Ritesh Shukla, chief executive officer (CEO), NPCI International.