Page-128 of Economy & Banking Current Affairs

Khanij Bidesh India (KABIL)

January 4, 2022

Ministry of Mines has created a joint venture (JV) company called “Khanij Bidesh India (KABIL)” with participating interest from Hindustan Copper (HCL), National Aluminium Company (NALCO), and Mineral Exploration Corporation (MECL). Key Facts The equity participation ratio of the JV ..

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Unified Presentment Management System (UPMS)

January 4, 2022

Wholly-owned subsidiary of national Payments Corporation of India, NPCI BillPay Ltd. (NBBL) introduced a unique functionality called “Unified Presentment Management System (UPMS) with the aim of enriching and simplifying bill payments in India. Unified Presentment Management System (UPMS) UPMS will ..

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2021 Gold Import in India

January 4, 2022

India reported a record $55.7 billion on gold imports in 2021. India bought more than double tonnage, as compared to previous tonnage, as a price drop favoured retail buyers. Key Facts 2021 gold import bill got doubled the $22 billion, ..

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India’s Monthly Goods Exports – Current Trend

January 4, 2022

The Ministry of Commerce and Industry recently released the monthly goods export report of the country. According to the report, in December 2021, India exported 37.29 billion USD of goods. Key Findings of the report The export demand for goods ..

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RBI Framework on Offline Digital Payments

January 4, 2022

On January 3, 2022, the Reserve Bank of India (RBI) released a framework for small-value offline transactions in digital mode. Key Points of the framework As per framework, offline payments can be made using any channel or instrument such as ..

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Energy Transition Advisory Committee (Tarun Kapoor Committee)

January 3, 2022

The Energy Transition Advisory Committee was formed by Ministry of Petroleum and Natural Gas. It is headed by Tarun Kapoor, former Secretary of Petroleum Ministry. It will focus on increasing the share of clean energy sources such as hydrogen, biofuel, ..

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Mumbai Water Taxi Service

January 3, 2022

The much-awaited Water Taxi Services is likely to start in Mumbai, from January 2022. New Routes of Mumbai water transport project This service is likely to provide connectivity between Domestic Cruise Terminal at Ferry Wharf and terminals at Belapur & ..

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One Nation-One Grid-One Frequency

January 3, 2022

PowerGrid Corporation Limited celebrated the anniversary of the achievement of “One Nation One Grid”, as a part of Azadi Ka Amrit Mahotsav. Highlights On this occasion, Free health check-up and medical camps were organised across 70 locations. History of National ..

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NABARD slashes refinance rates to promote investment in agriculture

June 11, 2014

In a bid to encourage investments in agriculture, National Bank for Agriculture and Rural Development (NABARD) has cut the rate of interest by 20 basis points (bps) on their long term refinance facility to banks. As per NABARD: Rates of ..

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‘Kisan Card’ launched by Axis bank to facilitate easy agriculture lending to farmers through ATMs.

March 29, 2014

The private lender bank, Axis Bank launched an electronic Kisan Card on the RuPay platform, through which a farmer can withdraw up to Rs. 1 lakh per day from Automated Teller Machines ( ATMs) Purpose: To facilitate easy agriculture lending ..

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