Economy & Banking Current Affairs

Economy, Banking and Finance Current Affairs 2020-2021 covers all Current Affairs related to Indian Economy, Finance, Agriculture, Industry and Banking Sector. These updates are suitable for every competitive exam of India.

Turkey bans Crypto Currency payments

The Bitcoin currency tumbled more than 4% after the Central Bank of Turkey banned the use of Crypto currencies and crypto assets for purchases. The bank cited possible irreparable damages and transaction risks as the reason for the ban. The ban followed actions of Morocco in banning the currency and is expected to be implemented ..

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US Treasury report: India placed on currency watch list

The United States recently released its report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. The report reviewed currency practices of the biggest trading partners of the US. About the report The three main criteria used by the report to review the trading partners of US are as follows: ..

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National Startup Advisory Council

The Ministry of Commerce and Industry Shri Piyush Goyal recently chaired the first meeting of the National Startup Advisory Council. National Startup Advisory Council It was constituted by the Department for Promotion of Industry and Internal Trade. The main objective of the council is to advise the Government of India on measures needed to build ..

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Regulations Review Authority 2.0

The Reserve Bank of India recently established the Regulations Review Authority (RRA) 2.0. The authority is to function for a period of one year. Functions of RRA 2.0 The RRA will review the regulatory prescriptions internally. It will also review the regulatory prescriptions by seeking suggestions from regulated entities and stakeholders. It will work towards ..

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IMF to distribute SDR to member countries by August

The International Monetary Fund recently announced that it will distribute the Special Drawing Rights to its member countries by mid-August. Key Highlights The IMF has agreed to support SDR allocation of 650 million USD. This is the largest in the history of IMF. Recently, the G20 Finance Minsters agreed to the International Monetary Fund to ..

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