Current Affairs

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Page-48 of Economy & Banking Current Affairs

RBI Pushes for Rupee Payments in Oil Imports

 The Reserve Bank of India (RBI) has instructed India’s major state-owned refiners to press Persian Gulf oil suppliers to accept at least 10% of oil payments in rupees...

March 6, 2024

RBI Approves Interoperable Net Banking Payments for Merchants

The Reserve Bank of India (RBI) has given the nod for implementing an interoperable payment system for internet banking transactions. This move is expected to streamline the digital...

March 5, 2024

Moody’s Raises India’s GDP Growth Forecast for 2024

Recently, Moody’s, a prominent global credit rating agency, revised its forecast for India’s GDP growth in 2024 upwards from 6.1% to 6.8%. The agency’s decision reflects both global...

March 5, 2024

Paytm cuts Ties with Payments Bank Arm 

On March 1, fintech leader Paytm announced steps to sever certain operating agreements between its parent entity One97 Communications and the group’s payments bank arm Paytm Payments Bank...

March 2, 2024

India’s February GST Revenue Rises 12.5%

On March 2nd, official data revealed India’s Goods and Services Tax (GST) gross revenue collection for February 2023 rose sharply by 12.54% year-on-year to cross ₹1.68 lakh crore....

March 2, 2024

NSO Revises India’s GDP Growth Estimates

On March 1st, the National Statistical Office (NSO) updated India’s real GDP outlook for the current and previous two fiscal years. The revisions reflect data from the first...

March 1, 2024

Reliance and Disney Form Joint Venture

On February 29th 2024, Reliance Industries Ltd (RIL), Viacom18 Media Pvt Ltd and The Walt Disney Company signed agreements to create one of India’s largest TV and streaming...

February 29, 2024

What is ‘Juice Jacking’ that RBI warned about?

The Reserve Bank of India (RBI) has recently cautioned mobile phone users about the potential fraud risks from “juice jacking”, a cyberattack vector, if they charge their devices...

February 28, 2024

Financial Literacy Week (FLW) 2024

The Reserve Bank of India, India’s Central bank, is observing the Financial Literacy Week (FLW) 2024 from February 26 to March 1, 2024 on the theme “Make a...

February 27, 2024

Mauritius to amend India-Mauritius DTAA

Mauritius Government has decided to amend Double Taxation Avoidance Agreement (DTAA) with India in order to go with OECD’s proposal on Base Erosion and Profit Shifting. What is...

February 27, 2024

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