Governor of Reserve Bank of India (RBI) Shaktikanta Das Shaktikanta Das: The Appointments Committee of the Cabinet (ACC) recently approved the reappointment of Shri Shaktikanta Das as Governor of Reserve Bank of India (RBI) for a period of three years. The re-appointment is effective from De ...
AI Pe Charcha (AI Dialogue) AI Pe Charcha-AI Dialogue: The National e-Governance Division (NeGD) of the Ministry of Electronics and IT recently organized “AI Pe Charcha (AI Dialogue)â€. The theme of the dialogue: AI Pe Charcha was organized on October 28, 2021, under the theme ...
Key Points• Reserve Bank of India has revised the existing prompt corrective action framework for commercial banks, which will be applicable from January 1, 2022 Reserve Bank of India has revised the existing prompt corrective action framework for commercial banks, which will be ap ...
As part of its commitment to double the income of the farmers, Manohar Lal Khattar, the Chief Minister of Haryana, has launched the ‘Uttam Beej portal’ which will benefit the farmers of the state. The move will help the farmers of Haryana by providing quality seeds with transparenc ...
27 countries including India signed a sustainable agriculture action agenda at the end of the first week of the COP 26 meetings in Glasgow, United Kingdom. The countries laid out new commitments to make farming more sustainable and less polluting. The ‘Sustainable Agriculture Policy Ac ...
According to a report by the World Economic Forum (WEF), India’s transition to a net-zero economy could create over 50 million jobs and contribute more than $1 trillion in economic impact by 2030. The World Economic Forum has released a new report outlining how India’s path to ...
Key Points Paytm Money’s Voice Trading lets a user to place a trade or get information about stocks via a single voice command Voice Trading service is powered by artificial intelligence. Paytm Money has launched ‘Voice Trading’ that allows users to set a trade or ...
Reserve Bank of India (RBI) has approved the “NSDL e-Governance Infrastructure†as an account aggregator. Key Points• NSDL e-Governance Infrastructure has received an in-principle approval from RBI to set up an account aggregator business under its wholly owned subsidiary, ...
NPCI International Payments Ltd (NIPL) has signed a Memorandum of Understanding (MOU) with Network International, a leading enabler of digital commerce across the Middle East and Africa, for mobile-based real time payment system in the UAE. NIPL is the international arm of National Payments ...
The Reserve Bank of India has placed in public domain a draft scheme for the acquisition of Punjab and Maharashtra Cooperative (PMC) Bank by Delhi-based Unity Small Finance Bank (USFB). USFB has commenced operations with effect from November 1, 2021. Mumbai-based PMC Bank, a Multi-State U ...
The National Bank for Financing Infrastructure and Development (NBFID) is likely to start its lending operations with about 190-200 big infrastructure projects in the railways, roads and energy sector Key Points• This announcement was made by K V Kamath who was recently appointed Chair ...
Prime Minister Narendra Modi will inaugurate InFinity Forum, a thought leadership Forum on FinTech, on 3rd December via video conferencing. The event is being hosted by International Financial Services Centres Authority (IFSCA), under the aegis of Government of India (GoI) in collaboration w ...
The Organisation for Economic Co-operation and Development (OECD) has on Wednesday brought down its growth forecast for India from 9.7% estimated earlier to 9.4% for FY22. The OECD has also maintained that the ongoing economic recovery is gaining traction, supported by progress in vaccinatio ...
Paris-based World Inequality Lab has published its report titled “World Inequality Report 2022â€. Key Points• Lucas Chancel is the lead author of the report. He also happens to be the co-director of World Inequality Lab. • The report is also coordinated by renowned ...
Indian government has signed an Air Bubble Agreement with Australia, under which all eligible passengers will be allowed to travel between the two countries. What is Air Bubble mechanism?• A bilateral air bubble is a temporary arrangement under which two countries resume flights with p ...
Key Points• India and the UAE to wrap up the Comprehensive Economic Partnership Agreement (CEPA) by next month, says Shri Piyush Goyal• UAE is one of India’s largest trading partners Union Minister of Commerce and Industry, Consumer Affairs & Food & Public Distribu ...
On December 15, 2021, Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, approved implementation of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2021-26 with an outlay of Rs.93,068 crore. Key Points• CCEA approves central support of Rs.37,454 cr ...
The Union Cabinet has approved a ₹ 76,000 crore policy boost for semiconductor and display manufacturing ecosystem in a bid to position India as the global hub for Electronic System Design and Manufacturing, Key Points• This scheme has also been approved to attract large chip mak ...
The World Economic Forum (WEF) has deferred its Annual Meeting 2022 against the backdrop of continued uncertainty over the Omicron variant of coronavirus. WEF’s annual meeting is held every year in the Swiss Alpine ski resort town of Davos. Key Points• It draws top leaders fr ...
Every year the National Consumer Day is observed on December 24 in India. The day is celebrated to highlight the importance of the consumer movement and spread awareness about the rights and responsibilities of every consumer. On this day, the President of India had given his assent to the C ...
Union Government has notified the Consumer Protection (Direct Selling) Rules, 2021. This has been done by the Central Government in exercise of the powers conferred by section 94 of the Consumer Protection Act, 2019. These rules shall apply to all goods and services bought or sold through dir ...
The state-owned Life Insurance Corporation of India, General Insurance Corporation of India and New India Assurance are once again on the list of Domestic Systemically Important Insurers (D-SIIs) for the year 2021-22, according to Insurance regulator Insurance Regulatory and Development Au ...
Textiles Ministry has said that the existing rates of five per cent in textiles sector will continue beyond 1st of January, 2022. Earlier, the Department of Revenue had notified Goods and Services Tax at 12 per cent on man-made fibres, fabrics and apparel on 18th November this year, which wa ...
On January 3, 2022, the Reserve Bank of India (RBI) released a framework for small-value offline transactions in digital mode. An offline payment refers to a transaction that does not require internet or telecom connectivity to be effective.Under this new framework offline payments can be ca ...
Digital Yuan Wallet App Digital Yuan Wallet Apps: China recently released pilot versions of its digital yuan wallet application on mobile phone app stores as the country's central bank steps up its push to develop its own digital currency. Key Details: They are now available in Android and ...
ODOP brands under Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme. ODOP Brands under PMFME Scheme: Union Minister for Ministry of Food Processing Industries  Pashupati Kumar Paras and Minister of State, Prahlad Singh Patel and senior officials of National A ...
Phase-II of Green Energy Corridor Phase-II of Green Energy Corridor: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi recently approved the second phase of the Green Energy Corridor of the Intra-State Transmission system (InSTS) at a cost of Rs 12,000 cro ...
India And South Korea Bilateral Trade Talks India and Korea: Union Minister for Commerce and Industry Piyush Goyal recently held a bilateral meeting with the Minister for Trade of the Republic of Korea, Yeo Han-Koo in New Delhi. Both the Ministers held wide-ranging discussions covering the wh ...
FinTech: Reserve Bank of India (RBI) has set up a separate internal department for fintech (Financial technology). Key Points: The new department has been created with effect from January 4, 2022.It has been created by subsuming the fintech division of DPSS (department of payment and sett ...
Guidelines for Charging Infrastructure for EVs: Centre has promulgated revised consolidated Guidelines and Standards for Charging Infrastructure for Electric Vehicles (EVs). Key Points about the guidelines: These guidelines are exhaustive and include provisions for individual owners ...
