Page-79 of Economy & Banking Current Affairs

New Framework for Social Stock Exchange

September 21, 2022

The SEBI has unveiled a framework for the SSE, which was notified in July 2022. Key facts Under the new rules, the Social Stock Exchange (SSE) will be a separate segment from existing stock exchanges. Social enterprises eligible to participate ..

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RBI asks large UCBs to set up Board-approved policy, compliance function

September 20, 2022

The RBI has directed urban cooperative banks (UCBs) belonging to tier 3 and tier 4 categories to create a Board-approved policy and compliance function. Key facts The central bank has asked the urban cooperative banks with more than Rs.10,000 crore ..

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Market-Based Economic Dispatch (MBED) mechanism

September 19, 2022

The Union Ministry of Power is currently calling for the Market-Based Economic Dispatch (MBED) mechanism – a radical shift from the current decentralized, voluntary pool-based electricity market. What is the MBED mechanism? The MBED mechanism envisages a centralized scheduling for ..

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9th Session of Governing Body of the International Treaty on Plant Genetic Resources for Food and Agriculture

September 19, 2022

Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar recently inaugurated the 9th Session of Governing Body of the International Treaty on Plant Genetic Resources for Food and Agriculture, which is being held in New Delhi from September 19 ..

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India-Bangladesh Friendship Pipeline

September 19, 2022

The Assam-based Numaligarh Refinery Limited (NRL) is expected to complete the construction of India-Bangladesh Friendship Pipeline by the end of 2022. What is India-Bangladesh Friendship Pipeline? The India-Bangladesh Friendship Pipeline Project (IBFPP) aims to connect Siliguri in West Bengal, India ..

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Amendment of Foreign Trade Policy of India for Rupee Settlement

September 19, 2022

The Central Government has made changes to the Foreign Trade Policy of India to activate the RBI’s mechanism facilitating trade in the Indian Rupee. Key facts The recently amended Foreign Trade Policy of India allows international trade invoicing, payment and ..

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National Logistics Policy

September 17, 2022

Prime Minister Modi recently launched the National Logistics Policy (NLP). Key features The National Logistics Policy aims to promote smooth movement of goods across India and boost competitiveness of the Indian goods in the domestic and international markets. It aims ..

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KVIC launches 72 units under PMEGP

September 17, 2022

The Union MSME minister Narayan Rane recently inaugurated 72 units assisted under the PMEGP and disbursed margin money subsidy to 720 PMEGP beneficiaries. What is PMEGP? The Prime Minister’s Employment Generation Programme (PMEGP) is a flagship scheme of the Union ..

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KRITAGYA 3.0

September 17, 2022
ICAR KVK

KRITAGYA 3.0 was launched by ICAR to promote “speed breeding” for crop improvement. Key facts The Indian Council of Agricultural Research along with its National Agricultural Higher Education Project (NAHEP) and Crop Science Division is organizing a hackathon KRITAGYA 3.0 ..

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Sova virus in India

September 17, 2022

CERT-In has given advisory on SOVA virus – a novel mobile banking “Trojan” virus that is currently targeting Indian customers. Key features Sova virus is capable of stealthily encrypting an android phone for ransom. It can add false overlays to ..

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