Page-3 of Economy & Banking Current Affairs - 2022
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)