Current Affairs

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Page-100 of Economy & Banking Current Affairs

Regulation of Sugar Exports

The central government has imposed restrictions on sugar exports from June 1st, 2022 to increase the availability of sugar in the country during sugar season 2021-22 (October-September) and...

May 27, 2022

ONGC: 1st to trade Domestic gas on Indian Gas Exchange

State-owned Oil and Natural Gas Corporation Ltd. (ONGC) became India’s first Exploration and Production (E&P) company to trade domestic gas on Indian Gas Exchange (IGX). What are the...

May 26, 2022

DCO-WEF Initiative for Digital FDI Flows

The World Economic Forum (WEF) and the Digital Cooperation Organization (DCO) announced a new initiative on 24th May 2022 to enhance flows of digital foreign direct investments (FDI)...

May 26, 2022

Additional fertilizer subsidy of Rs 1.10 lakh crore

Union Finance Minister recently announced that the government will provide an additional fertilizer subsidy of Rs 1.10 lakh crore to protect farmers from the rise in fertilizer prices....

May 25, 2022

Cut in Excise Duty on Petrol

The union finance minister recently announced the excise cut on petrol and diesel to contain inflation. She also announced a ₹200 subsidy for those buying LPG cylinders under...

May 25, 2022

RBI: Panel on Customer Service Standards in Banks, NBFCs

On the 23rd of May 2022, the Reserve Bank of India (RBI) announced that a committee has been set up to evaluate the adequacy, effectiveness, and quality of...

May 24, 2022

India’s FDI Inflow in Fiscal year 2021-22

The Ministry of Commerce and Industry said that India’s Foreign Direct Investment [FDI] inflow in the Financial Year 2021-22 reached an all-time high of USD 83.57 billion, despite...

May 24, 2022

RBI surplus transfer to government – Update (May, 2022)

The Reserve Bank of India (RBI) board recently approved the transfer of ₹30,307 crores to the central government for the financial year 2021-22. This is the lowest dividend...

May 24, 2022

RBI: Cardless cash withdrawal facilities at all ATMs

The Reserve Bank of India (RBI) has directed all banks, ATM networks, and White Label ATM Operators (WLAOs) to provide their customers with the option of Interoperable Card-less...

May 23, 2022

NEFT, RTGS facility for Post Office Savings Account

The Department of Post has recently rolled out the NEFT and RTGS facility for Post Office Savings Bank Account (POSB) holders. The NEFT facility has been made available...

May 22, 2022

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