Page-17 of Economy & Banking Current Affairs - 2024

RBI Introduces Card-on-File Tokenisation Facility Through Banks

December 21, 2023

The Reserve Bank of India (RBI) has introduced a Card-on-File (CoF) tokenisation facility through banks, enabling cardholders to conveniently create and link tokens to their existing accounts with various e-commerce applications. The move allows CoF tokens to be generated directly ..

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Additional Borrowing for National Pension System (NPS) Contribution

December 20, 2023

The Department of Expenditure, under the Ministry of Finance, has granted 22 states the approval for extra borrowing of Rs 60,876.80 crore for their contribution to the National Pension System (NPS) during the fiscal year 2023-24. This additional borrowing is ..

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Parliament Advances Key Tax-Related Bills

December 20, 2023

The Lok Sabha recently approved two vital indirect tax-related bills, addressing various aspects of the tax framework. The Central Goods and Services Tax (Second Amendment) Bill, 2023, and the Provisional Collection of Taxes Bill, 2023, each serve distinct purposes in ..

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India Leads Global Remittances

December 19, 2023

According to the latest report from the World Bank, India is set to become the largest recipient of remittances, with inflows expected to increase by 12.4% to $125 billion in 2023, constituting 3.4% of the country’s gross domestic product. Drivers ..

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World Bank’s Latest International Debt Report

December 15, 2023

Developing countries faced an unprecedented financial challenge in 2022, as they spent a staggering $443.5 billion to service their external public and publicly guaranteed debt. The World Bank’s latest International Debt Report reveals that these costs had far-reaching consequences, diverting ..

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NCRB Data on Farmer Suicides

December 5, 2023

The year 2022 witnessed a distressing surge in farmer suicides across India, according to the latest data from the National Crime Records Bureau (NCRB), released on December 4, 2023. The grim statistics reveal a 3.7% increase in such cases, with ..

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