Economy & Banking Current Affairs

Five Point Agenda for GIFT City to make it Credible Jurisdiction

According to the Department of Economic Affairs, Ministry of Finance, the government is working on a five-point reform proposal in which it is being seen that IFSC in Gujarat does not turn out to become a tax haven in the world. The main areas of focus for reforms are: Feasibility of launching more products at ..

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2.2% of Digital Payment Market will be contributed by India by 2023: PwC Report

A study conducted by the Payments Council of India and management consulting group PricewaterhouseCoopers has estimated that around 2.2% of the world’s digital payments market will be controlled by India by the year 2023 and the financial value of such transactions should reach $12.4 trillion globally by the year 2025. The report, titled as ‘Empowering ..

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Medium Term Growth in India to Remain Undisturbed: IHS Markit

A study published by IHS Markit has projected that the medium-term growth outlook for India is to remain favourable, even though the gross domestic product will tumble in the current financial year due to the coronavirus-induced recession in the country. The outlook is because of the large and fast-growing middle class in India that will ..

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SEBI Constitutes Committee for Financial and Regulatory Technology

The securities market regulator, Securities and Exchange Board of India (SEBI) has formed a high-level committee in order to recommend required changes in the financial and regulatory technology in India. It is going to examine the aspects of technology and unstructured data analysis for surveillance functions and market development. This committee is mandated to make ..

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Airtel Payments Bank and NSDC Come Together to Skill Rural Youth

The National Skill Development Corporation has signed a partnership agreement with Airtel Payments Bank in order to arrange for skill-based training to the youth in the rural areas. The focus will be on enabling them to find suitable opportunities for employment in the financial services industry. It has been forged in order to bring together ..

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