Page-226 of Economy & Banking Current Affairs

Multi-dimensional Poverty Index 2018

The Multi-dimensional Poverty Index 2018 report prepared by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative makes the following observations about India: India has reduced its poverty rate drastically from 55% to 28% in 10 years, with 271 million people moving out of poverty between 2005-06 and 2015-16. India ..

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RBI slaps penalty on PNB for violating SWIFT norms

The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore for violation of compliance with regulatory directions regarding SWIFT operations. The RBI has toughened the stance against banks on all kind of regulatory norms post PNB fraud which put it to question the ability of the central bank. Earlier in March ..

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Career Pathways India Survey

The Career Pathways India survey released by LinkedIn highlights the following observations: One in three Indian professionals thinks they are career sleepwalking. They feel stagnant as they are on a treadmill going nowhere and 57 per cent are keen to consider switching careers to get their dream job 51 per cent of professionals are held ..

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IOC-BPRL acquires oil block in Abu Dhabi

The consortium of State-owned Indian Oil Corporation (IOC) and Bharat PetroResources Ltd (BPRL), Urja Bharat Pte Ltd has acquired an oil block in Abu Dhabi, where the two will invest USD 170 million. About the Acquisition Urja Bharat Pte Ltd has been awarded 100 per cent stake in the Abu Dhabi Onshore Block 1 Concession. Both IOC and BPRL hold 50 per cent each in Urja Bharat ..

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Global Energy Transition Index 2019

The Global Energy Transition index 2019 report has been released by the World Economic Forum (WEF). The index compares the energy sectors of 115 countries and analyses their readiness for energy transition. The index benchmarks the countries energy systems based on an “energy triangle”, comprised of energy security and access, economic development and growth, environmental ..

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