Economy & Banking Current Affairs

Is ‘Disaster Management Act’ related to Extension of Loan Moratorium?

The Supreme Court of India asked the central government to clarify its position on the issue of interest being charged on the installment of loan repayments amid the lockdown. Earlier, by mentioning the power of the center under the Disaster Management Act, the apex court had asked the same to review the issue of charging ..

Month: 

Category: 

Topics: 

How is the satellite data used for Farm credit assessment by banks?

Indian multinational banking and financial services provider ICICI Bank has announced that it is going to use the satellite data-imagery from earth observation satellites to assess the creditworthiness of the farmers seeking loans. ICICI is the first bank in India to take such a step. The assessment Using the data it will measure an array ..

Month: 

Category: 

Topics: 

What is the significance of AI in detecting illegal cryptocurrency mining?

US-headquartered Los Alamos National Laboratory (LANL) have developed a new artificial intelligence (AI) system to detect malicious codes used by illicit cryptocurrency miners who use research computers for mining of cryptocurrencies like Bitcoin, Monero, and Ethereum. Mining procedure The process of cryptocurrency mining requires a lot of computing knowledge and strong coding skill. The process ..

Month: 

Category: 

Topics: 

What is the objective of RBI’s new 20000 cr-special OMO?

In a recent announcement, the Reserve Bank of India declared its intention to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an amount of Rs 20,000 crore in two channels. Open Market Operation (OMO) An open market operation is an activity of the central bank that is associated ..

Month: 

Category: 

Topics: 

What is the special OMO which has been launched by the RBI? How does it impact the economy?

The Reserve Bank of India recently declared that it is going to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an amount of Rs 20,000 crore in two channels. Open Market Operation (OMO) An open market operation (OMO) is the activity of the central bank that is associated ..

Month: 

Category: 

Topics: 

advertisement