SHORT NEWS

July 19, 2023

Universal Postal Union (UPI)

The Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using a global postal network.

About Universal Postal Union (UPI):

The UPI is a United Nations specialized agency and the postal sector’s primary forum for international cooperation.
Established in 1874, with its headquarters in Berne (Switzerland), is the second oldest international organization worldwide.
Members: 192 member countries
- Any member country of the UN may become a member of the UPU.
- Non-UN countries can join UPU if approved by two-thirds of its members.
- India joined the UPU in 1876.

Ukraine Port of Odessa

Recently, Russia struck Ukraine’s port of Odesa with missiles ,a day after pulling out of a UN-backed Black Sea Grain Initiative.

About Odessa Sea Port:

Odessa is Ukraine’s largest seaport on the Black Sea.
It plays a crucial role in exporting Ukrainian grain, making the country a major global supplier, providing 10% of the world’s wheat, 12 to 17% of maize, and half of the world’s sunflower oil.

19.7 Image Source: Brittanica

CRCS Sahara Portal

The Ministry of Cooperation inaugurated the ‘CRCS-Sahara Refund Portal’ in New Delhi.
The portal addresses grievances of depositors from the Sahara Group of Cooperative Societies.
The amount is transferred to the Central Registrar of Cooperative Societies (CRCS) as per the Supreme Court’s direction.
Genuine depositors can conveniently submit their claims through this online platform.