Page-5 of Economy & Banking Current Affairs

Coal India Ltd. to set up Power Generation Unit

The South Eastern Coalfield Limited (SECL), an undertaking of Coal India Limited (CIL), has announced to venture into power production. Key facts For the purpose, SECL has inked an MoU with Madhya Pradesh Power Generation Company Limited (MPPGCL) to set up a 660-MW unit. This project will be started by setting up a joint venture ..

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RBI extends deadline for tokenisation of debit and credit cards

Reserve Bank of India (RBI) has extended the timeline for tokenisation of debit and credit cards by three months. Tokenisation can now be done till September 30, 2022. Key Points This decision was taken in consultation with stakeholders, in order to avoid disruption and inconvenience to cardholders. Earlier, June 30, 2022 was the last date ..

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What is Bharat-NCAP?

On June 24, 2022, Ministry of Road Transport and Highways (MoRTH) approved the Draft GSR Notification for introducing Bharat NCAP (New Car Assessment Program), in a bid to bring safer cars for India. About Bharat NCAP The New Car Assessment Program (NCAP) provides a mechanism, wherein automobiles in India will be accorded ‘Star Ratings’, on ..

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PM Modi inaugurates Vanijya Bhawan & NIRYAT Portal

On June 23, 2022 Prime Minister Narendra Modi inaugurated the new “Vanijya Bhawan”. Key Facts While inaugurating the Vanijya Bhawan, he asked the industry and exporters to fix long-term export targets for themselves as well to suggest ways to government for achieving those goals. He highlighted the critical role played by exports in transition of India from ..

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Seven companies have built ONDC compatible apps

According to union commerce and industry ministry, seven companies have adopted ONDC protocols and have built their own ONDC-compatible apps. Highlights These apps have been able to complete the cascaded transactions successfully, across the ONDC network during pilot phase. Cascaded transactions were completed in states like New Delhi, Bengaluru, Shillong, Bhopal and Coimbatore across the ..

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