Page-107 of Economy & Banking Current Affairs

India’s Export in 2021-2022

April 5, 2022

In 2021-22 fiscal, the merchandise exports of India grew to touch a record high of USD 418 billion. This was due to higher exports of products including engineering goods, petroleum products, jewellery, etc. Overview: During 2021-22, the goods trade (imports ..

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Merger of HDFC Limited and HDFC Bank

April 5, 2022

HDFC’s board of directors has approved the merger of HDFC Bank, India’s largest private sector bank with HDFC (Housing Development Finance Corporation), India’s largest housing finance firm. Overview: The deal will be building the housing loan portfolio of the bank ..

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Extension of Foreign Trade Policy 2015-20

April 4, 2022

The Foreign Trade Policy 2015-20 has been extended by the government by six months up to 30th September 2022. Overview: Till 31st March 2022, the existing Foreign Trade Policy 2015-20 was valid. It has now been extended till 30th September ..

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UPI: 500-crore Milestone in Volume

April 2, 2022

In March 2022, India’s Unified Payments Interface (UPI) has crossed the 500-crore mark in terms of volume and in terms of value it was close to touching the Rs 10-lakh crore milestone. Overview: Around 540.56 crore payments have been processed ..

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India-Australia Economic Cooperation and Trade Agreement

April 2, 2022

An economic cooperation and trade agreement has been signed between India and Australia. Under this agreement, Australia will be providing duty-free access for over 95 percent of Indian goods like leather, textiles, sports products, and jewellery in its market. Overview: ..

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India’s Borrowing Estimate in the First Half of 2021-23

April 2, 2022

To fund the revenue gap for the economy’s revival Rs 8.45 lakh crore has been targeted by the government of India that will be raised through borrowings in the first half of 2022-23. Overview: The gross market borrowing that is ..

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Interest Rates of Small Savings Schemes

April 2, 2022

The interest rates on small savings schemes, including PPF, NSC, and Sukanya Samriddhi Yojana, have been kept unchanged for the first quarter of 2022-23. This decision has been taken by the government keeping in mind the elevated level of inflation. ..

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Axis Bank- Citibank Deal

April 1, 2022

Citigroup has announced that Axis Bank will be acquiring Citibank’s India consumer business for an amount of USD 1.6 billion in an all-cash deal. This transaction will be including Citibank India’s consumer banking businesses, which include retail banking, credit cards, ..

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Raising and Accelerating MSME Performance

March 31, 2022

The Union Cabinet has approved the “Raising and Accelerating MSME Performance” (RAMP) programme that is also supported by the World Bank and will cost Rs 6,062.45 crore. Overview The newly launched RAMP scheme would commence in the Financial Year 2022-23. ..

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Varnika: BRBNMPL Ink Manufacturing Unit

March 31, 2022

Reserve Bank of India’s wholly-owned subsidiary Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has set up an Ink Manufacturing Unit named “Varnika” at Mysuru, Karnataka. This new unit was dedicated to the nation by RBI governor Shaktikanta Das. Overview: ..

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