RBI sets up Sudarshan Sen-headed Working Group on Fin Tech and Digital Banking

The Reserve Bank of India (RBI) has set up an inter-regulatory Working Group to study the 

 regulatory issues relating to Financial Technology (Fintech) and Digital Banking in India

 The inter-regulatory Working Group will be headed by RBI‟s Executive Director Sudarshan Sen and

 consist of 12 members. It will submit its report within six months from date of its first meeting. It was constituted based on the recommendation of sub-committee of the Financial Stability and Development Council (FSDC) in view of the growing significance of Fintech innovations and their interactions with the financial sector as well as financial sector entities.

World Youth Skills Day

The World Youth Skills Day is observed globally on 15 July every year to raise awareness about the

 importance of investing in youth skills development.

Significance of Day: Create more awareness on training and the development of skills for the youth of today. Create better employment opportunities for the youth.

2016 Theme: “Skills Development to Improve Youth Employment”.