Page-18 of Economy & Banking Current Affairs

What is National Legal Metrology (eMaap) Portal?

December 6, 2024

The Government of India is developing a unified online platform called the National Legal Metrology Portal (eMaap), which aims to connect all State Legal Metrology Departments. The portal will streamline various processes, enhancing efficiency in legal metrology. Purpose of eMaap ..

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India’s UPI Achieves Record Transactions in October

December 4, 2024

India’s Unified Payments Interface (UPI) reached a milestone in October 2024, recording 16.58 billion transactions in one month. This marks a 45% increase from the previous year. The total amount transacted was ₹23.49 lakh crore. UPI continues to revolutionize India’s ..

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Oilfields (Regulation and Development) Amendment Bill, 2024

December 4, 2024

The Rajya Sabha intended to discuss the Oilfields (Regulation and Development) Amendment Bill, 2024. However, the session concluded without any progress on the matter. The bill aims to stabilise policies for oil and gas companies, which seeks to promote international ..

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CBIC Host Global India Authorised Economic Operator (AEO) Programme

December 2, 2024

The Central Board of Indirect Taxes and Customs (CBIC) recently hosted a global India Authorised Economic Operator (AEO) programme, which took place on November 28-29, 2024, in New Delhi, and involved collaboration with the World Bank. Key figures included CBIC ..

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Masato Kanda Elected as ADB President

December 2, 2024

The Asian Development Bank (ADB) has appointed Masato Kanda as its 11th President. His term begins on February 24, 2025, and succeeds Masatsugu Asakawa, who will leave office the day before. Kanda will complete Asakawa’s term, which ends on November ..

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India Resumes Free Trade Agreements (FTAs)

November 27, 2024

India resumed signing Free Trade Agreements (FTAs) in 2021 after a decade-long hiatus. The country has since completed agreements with Mauritius, the UAE, Australia, and EFTA countries. However, India is now adopting a more cautious approach to FTAs. This shift ..

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Apple, Google, and Meta See Faster Growth in India than Globally

November 27, 2024

Big tech companies are experiencing rapid growth in India, faster than in other parts of the world. This trend has been evident over the past four fiscal years and companies like Apple, Google, and Meta are leading this charge. Apple’s ..

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What is Aadhaar Enabled Payment System (AEPS)?

November 26, 2024

The Aadhaar Enabled Payment System (AEPS) is transforming banking access in rural and semi-urban regions. It utilizes Aadhaar numbers and biometric authentication for seamless transactions. This system promotes financial inclusion for underserved populations. What is AEPS? AEPS stands for Aadhaar ..

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India and EFTA – Trade Agreement

November 25, 2024

Commerce Secretary Sunil Barthwal recently visited Norway, and aimed to discuss the swift implementation of a free trade agreement. This agreement is between India and the European Free Trade Association (EFTA). EFTA consists of Iceland, Liechtenstein, Norway, and Switzerland. The ..

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Telangana to Establish Joint Consultative Committee with CII

November 25, 2024

The Telangana government is actively exploring new industrial policies and a joint consultative committee with the Confederation of Indian Industry (CII) is on the horizon. This committee aims to address industrial challenges in the state. Industries and IT Minister D. ..

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