IT services Current Affairs - 2020

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Indian Railways launches online applications to strengthen IT enablement

Indian Railways has launched three applications to strengthen its Information Technology (IT)-enabled services which will help ensure proper monitoring of projects being undertaken by Railways. The applications has been launched for all-India roll out and seeks to ensure proper monitoring of projects and boost vision of Digital India.

Online Applications

CRS Sanction Management System: It is an important aspect in construction, maintenance and up-gradation of railway assets in which all works pertains to level crossings (closure, manning, shifting etc.) and minor bridges.

Rail-road crossing GAD approval system: It will expedite preparation, processing and approval of General Agreement Drawings (GADs) related to the construction of Road Over Bridges (ROB) and Road Under Bridges (RUB). This project for online e-Governance platform was developed by Union Ministry of Railways and Ministry of Road Transport & Highways (MoRTH) and has been running successfully since 2014. Now, a module has been developed to cover cases of construction of ROBs or RUBs for States & Union Territories also.

TMS (Track Management System) for construction: This Application has been developed for new assets being constructed by construction organization. The assets master data can now be regularly filled during stage of construction and completion of assets, by construction/project officials before itself final scrutiny and test check by open line officials.

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Andhra Bank launches IMPS for money transfer

Andhra Bank has launched Immediate Payment Service (IMPS) at all its branches across the country to provide inter-bank electronic fund transfer service.

The customer-friendly service was launched by Andhra Bank in association with the National Payments Corporation of India (NPCI).

It also supports real time instant fund transfer system for inter-bank remittances. However the maximum caps of transaction of remittances will 2 lakh rupees and the charges will be at the rate of Rs.5 per transaction.

Immediate Payment Service (IMPS)

  • IMPS is a multi-channel, multi-dimensional inter-bank electronic fund transfer platform that allows customers to transfer money electronically within fraction of seconds with all the standards and integrity maintained for security.
  • It is round-the-clock real time instant fund transfer system which is not possible in National Electronic Funds Transfer (NEFT) system. It also safest and most economical electronic fund transfer service.

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