RBI Draft Norms for Trade via E-commerce

The Reserve Bank of India has proposed to modify the existing norms that are in place with the aim of rationalizing and simplifying the process for payment settlement for imports and exports through e-commerce. Overview: The draft guidelines named ‘Processing ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

RBI: Cash Withdrawal via UPI

A cardless cash withdrawal facility has been made available at all ATMs by the Reserve Bank of India (RBI). This facility will be made available via the Unified Payment Interface (UPI) irrespective of the bank. Overview: This decision was made ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

IBBI: Changes in Voluntary Liquidation Timeframe

The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments to the regulations of the voluntary liquidation process, wherein the timelines including the distribution of proceeds from realization have been reduced so that a faster exit for firms can ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

RBI Guidelines on Digital Banking Units

The Reserve Bank of India (RBI) has recently released guidelines for the banks of the country to set up digital banking units (DBUs). An announcement regarding the setting up of 75 DBUs in 75 districts was made in the Union ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

RBI Monetary Policy April 2022- Highlights

The Reserve Bank of India led by Governor Shaktikanta Das has released the monetary policy update for April 2022. Policy Rates The Policy Repo Rate has been kept unchanged at 4 percent. The Marginal Standing Facility (MSF) rate remains unchanged ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

India’s Agriculture Exports in 2021-22

For FY 2021-22, the exports of agricultural products, including plantation and marine products of India have touched a record USD 50 billion. This is a 20 per cent increase from last year. Overview: This growth in export has been achieved ..

Month: Current Affairs - April, 2022

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

World Bank- East Asia and Pacific Economic Update

The growth forecasts for the Pacific and East Asia have been lowered by the World Bank in its latest economic update. The forecasts have been lowered to 5 per cent from 5.4 per cent that was forecasted in October 2021. ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

Asian Development Outlook (ADO) 2022

India’s GDP growth has been forecasted by the Asian Development Bank (ADB) to 7.5 per cent in 2022-23 from 2021-22’s estimated 8.9 per cent. The report has also suggested that the growth will pick up and reach 8 per cent ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

What is Positive Pay System?

The guidelines for the implementation of the Positive Pay System were issued by the RBI for the banks of the country. From 1st January 2021, this system has been implemented to safeguard banks against any cheque frauds. Overview: The National ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

SEBI Panel on Governance of Stock Exchanges

SEBI has constituted a committee that will review and make recommendations for the strengthening of governance norms at market infrastructure institutions (MIIs) and stock exchanges. Overview: The committee has been constituted after the alleged corporate lapses of governance at NSE ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs