Page-113 of Economy & Banking Current Affairs
Sustainable Cities India Program
On February 24, 2022, the World Economic Forum (WEF) and National Institute of Urban Affairs (NIUA) inked a memorandum of understanding (MoU) to design ‘Sustainable Cities India’ program. Key Points This partnership between WEF and NIUA is significant in the ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Moody’s India Growth Forecast- Update
The GDP growth prediction for India has been raised by Moody’s Investors Service. The prediction for the current financial year has been raised to 9.5 percent from 7 percent. Overview: The GDP forecast has been increased citing an economic recovery ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
RBI: Amendments in Payments Systems Rules
The Reserve Bank of India has amended the Payments and Settlement Systems Regulations. This system allows the companies who are seeking to run payment businesses to apply for licenses from the regulator. Overview: The application for licensing should include the ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
J&K FDI Policy
Jammu & Kashmir’s Lieutenant Governor Manoj Sinha has approved a foreign direct investment (FDI) policy for the union territory with a foreign stake of a minimum of 51 percent. Overview: L-G Manoj Sinha approved the Policy for Promotion of Foreign ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
‘Nikarshan Sadan’ Dredging Museum
On February 23, 2022, the union minister for Ports, Shipping & Waterways and AYUSH, Sarbananda Sonowal inaugurated “Nikarshan Sadan Dredging Museum”. Highlights The Nikarshan Sadan Museum is built by “Dredging Corporation of India”, at DCI campus in Visakhapatnam. The museum ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Angadia System
Recently, an FIR was registered against three Mumbai Police officials for allegedly threatening Angadias and extorting money from them. Before this, Angadias shop in Mulund was looted by robbers. What is Angadia system? Angadia system is a century-old parallel banking system in India. ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
RBI’s Caution against Carpooling app ‘sRide’
On February 23, 2022, the Reserve bank of India (RBI) cautioned public against carpooling app sRide. Why RBI caution against sRide App? RBI caution against sRide App, stating that this firm was operating a semi-closed pre-paid instrument, without receiving authorization ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
Rural Connectivity GIS Data
On February 22, 2022, the Ministry of Rural Development and Panchayati Raj launched rural connectivity GIS data in public domain. Key Facts The GIS data in public domain will facilitate broader use by start-ups, governments, academia, and civil society to ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
NITI Aayog on Green Financing
According to NITI Aayog, there is a need for more financial instruments to provide a boost to clean mobility in India, particularly shared mobility, while keeping its focus on finance methods that are widely acceptable, applicable, and sustainable. Overview: NITI ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
RBI Sell/Buy Swap Auction
Reserve Bank of India (RBI) recently announced to undertake a “sell/buy swap auction” of USD 5 billion in March, 2022. Highlights The Sell/Buy Swap Auction will help in levelling the liquidity of rupee in the light of expected behemoth IPO ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs