RBI proposes for Cross-border inward payments through BBPS

Recently, the Reserve Bank of India proposed to allow Bharat Bill Payment System (BBPS) to process cross-border inbound bill payments. This will help the Non-resident Indians (NRIs) who face challenges in paying utility bills in India. If proposal is accepted, it will benefit the NRIs. Other significance of the move include; Cross-border inward payments through ..

Month: Current Affairs - August, 2022

Category: Economy & Banking Current Affairs - 2022

Topics: Bharat Bill Payment System (BBPS) • Cross-border inward payments • National Payments Corporation of India • Non-Resident Indian • Reserve Bank of India (RBI)

Energy Conservation (Amendment) Bill, 2022

Energy Conservation (Amendment) Bill, 2022 was put in the Lok Sabha on August 3, 2022 and was passed on August 8. It seeks to amend the Energy Conservation Act, 2001. It promotes energy efficiency and conservation. Important Provisions of the bill include; The Bill seeks to regulate the energy consumption by equipment, buildings, appliances, and ..

Month: Current Affairs - August, 2022

Category: Economy & Banking Current Affairs - 2022 • Legal & Constitution Current Affairs

Topics: Energy Conservation (Amendment) Bill 2022 • Energy Conservation Act 2001 • energy conservation and sustainable building code • Energy Conservation Building Code

PARVAZ Market Linkage scheme- Key Facts

Government of Jammu & Kashmir launched the “PARVAZ Market Linkage Scheme” recently. This is an innovative Market Linkage scheme, having tremendous potential to uplift the economic conditions of farmers across Jammu and Kashmir. About PARVAZ Market Linkage Scheme: The PARVAZ scheme was launched with the aim of creating market linkage support for shipment of Agriculture ..

Month: Current Affairs - August, 2022

Category: Agriculture Current Affairs • Government Schemes Current Affairs • States Current Affairs

Topics: Air cargo • direct benefit transfer (DBT) • Doubling Farmers Income • Horticulture • Jammu and Kashmir • PARVAZ Market Linkage scheme

ITU Regional Standardization Forum in New Delhi

International Telecommunication Union’s Regional Standardization Forum for Asia and Oceania region was inaugurated by Minister of State for Communications Devusinh Chauhan, in New Delhi. This forum started from August 8, 2022. It is being hosted by Ministry of Communications, under the theme- “Regulatory and Policy aspects of Telecommunications”. Highlights of the Forum: According to the ..

Month: Current Affairs - August, 2022

Category: Economy & Banking Current Affairs - 2022 • Events Current Affairs

Topics: International Telecommunication Union • Ministry of Communications • Regional Standardization Forum for Asia and Oceania region • Telecommunication

NITI Aayog Governing Council Meeting- Highlights

On August 7, 2022 7th Governing Council meeting was held at Rashtrapati Bhawan Cultural Centre in New Delhi. It was chaired by Prime Minister Narendra Modi. It was the first in-person meeting of the council since July 2019. Agenda of the NITI Aayog meeting were; To achieve self-sufficiency in pulses, oilseeds & other agri-communities. Issues ..

Month: Current Affairs - August, 2022

Category: Economy & Banking Current Affairs - 2022 • Summits and Conferences

Topics: Crop Diversification • Governing Council Meeting • Governing Council of NITI Aayog • Minimum Support Price • National Education Policy (NEP) • NITI Aayog • Prime Minister Narendra Modi

RBI Monetary policy committee (MPC) Meeting- Highlights

The Monetary Policy Committee (MPC) held meeting on August 5, 2022. On the basis of assessment of current and evolving macroeconomic situation, MPC has decided to: Hike policy repo rate by 50 basis points, under liquidity adjustment facility (LAF). Repo rate now stands at 5.40%. Adjust Standing deposit facility (SDF) rate to 5.15%, marginal standing ..

Month: Current Affairs - August, 2022

Category: Economy & Banking Current Affairs - 2022

Topics: CPI inflation • Monetary Policy • Monetary Policy Committee (MPC) • Monetary policy of India • Repo Rate • Reserve Bank of India (RBI)