Page-66 of Economy & Banking Current Affairs

EXIM Data: Trade Deficit narrows by 10 billion USD

January 23, 2023

The Government of India recently revised its import bill. With this revision, the country’s foreign trade between April 2022 and November 2022 differs from the estimates made by the Ministry of Commerce. Import bill has been increased or decreased in ..

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Endorsement Guidelines for Celebs and Social Media Influencers

January 21, 2023

Lately, the advertising media is using celebrities from different fields like cinema and sports to endorse their products. With the digital bloom after the pandemic, social media influencers are playing a major role in the field. In fact, their role ..

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SEBI Proposes Blocking of Funds Facility

January 19, 2023

Securities and Exchange Board of India (SEBI) releases consultation paper proposing to introduce a blocking of funds facility for trading in secondary markets. Aimed at protecting investors’ money from misuse and default by stock brokers. SEBI seeks comments from market ..

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India to allow NRIs to Use UPI

January 18, 2023

The National Payments Corp. of India (NPCI) has made a significant move that allows Indians abroad to use the fast payments network Unified Payments Interface (UPI) as long as their domestic bank accounts are linked to their foreign mobile numbers. ..

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RBI’s Proposed “Expected Loss-Based Approach” for Provisioning by Banks

January 17, 2023

The Reserve Bank of India (RBI) recently proposed a framework for the adoption of an expected loss-based approach for provisioning against loan loss by banks in India. Background Presently, banks in India are required to make loan loss provisions based ..

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CII Business Confidence Index

January 16, 2023

The Confederation of Indian Industry (CII) has reported that the latest CII Business Confidence Index for the October-December quarter rebounded to its highest reading in almost two years, with a value of 67.6. This is an increase from 62.2 in ..

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India-China Trade Reaches All-Time High

January 14, 2023

The trade between India and China reached an all-time high of USD 135.98 billion in 2022, even as New Delhi’s trade deficit with Beijing crossed the USD 100 billion mark for the first time, according to data released by the ..

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Garuda Aerospace and Union Bank Collaborate to Boost Agriculture with Drones

January 13, 2023

1. Who has Chennai’s drone startup Garuda Aerospace partnered with? Answer: Garuda Aerospace has partnered with the Union Bank of India. 2. How many Garuda Agri Kisan drones have received a loan under the Kisan Pushpak Scheme? Answer: 150 Garuda ..

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India’s Direct Tax Collection Records Steady Growth in FY2023

January 13, 2023

According to government data, the country’s gross direct tax collection of the current fiscal year (FY2023) till January 10 went up 24.58% to Rs 14.71 lakh crore, against the gross collections made in the corresponding period the previous fiscal. The ..

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CBIC -Customs Automated System

January 13, 2023

The Central Board of Indirect Taxes and Customs (CBIC) has announced that it will come out with a list of “identified goods” that will be subject to stricter scrutiny for their true value. The CBIC has notified the Customs (Assistance ..

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