Page-82 of Economy & Banking Current Affairs

K Subramaniam: Executive Director (India) at IMF

August 27, 2022

Former Chief Economic Adviser of India K. Subramaniam was recently appointed as the Executive Director of India at the International Monetary Fund (IMF). He will replace Surjit S Bhalla, who was appointed as India’s executive director on the board of ..

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MoU for Multi Modal Logistics Park (MMLP)

August 25, 2022

The road, railway, and shipping ministries recently signed a Memorandum of Understanding (MoU) to develop Multi Modal Logistics Parks (MMLP). The agreement was signed under Bharatmala Pariyojana. Who signed the MoU? The agreement was signed between RVNL, IWAI, and NHLML. ..

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Government launched Aqua Bazaar feature of Matsya Setu App

August 20, 2022

To protect the interests of fish farmers and to benefit them from new technologies Union Minister for Fisheries, Animal Husbandry and Dairying, launched the Online Market Place feature “Aqua Bazar” in the “MatsyaSetu” mobile app. Features of Aqua Bazar The ..

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Jharkhand : Block chain-based Seed distribution

August 20, 2022

In a significant development to revolutionize agriculture in the country Jharkhand government and global blockchain technology company, SettleMint jointly announced the successful launch of seed distribution to farmers based on blockchain technology. Highlights The move is aimed at reducing pilferage ..

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Interest subvention on Short Term Agriculture Loan

August 18, 2022

On July 17, 2022, Union Cabinet approved to restore the interest subvention on short-term agricultural loans, in order to boost the farm sector. Approval will be applicable to all financial institutions that will ensure stable availability of credit for firm ..

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Enhancement in ECLGS limit

August 18, 2022

On July 17, 2022 Union Cabinet gave its nod to increase the “Emergency Credit Guarantee Scheme (ECLGS)” limit by Rs 50,000 crore. With this increase, the limit will increase to Rs. 5 trillion. Additional amount is being reserved for entities ..

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New Managing Director (MD) of NaBFID

August 18, 2022

Rajkiran Rai G has been appointed as managing director (MD) for five years. Appointment has been done by Centre and Board of National Bank for Financing Infrastructure & Development (NaBFID). His name was recommended by Financial Services Institutions Bureau (FSIB). ..

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SBI first dedicated branch to support start-ups

August 17, 2022

On August 16, 2022, State Bank of India (SBI) launched the first “state-of-the-art” dedicated branch for start-ups to extend support and facilitate them. This branch is located in Koramangala, Bengaluru. It was launched by chairman of SBI Dinesh Khara. The ..

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‘Golden Joint’ of Chenab Railway Bridge

August 16, 2022

The ‘Golden Joint’ of Chenab Railway bridge was inaugurated on August 13, 2022. It was decked with the National flag to celebrate the “Azadi ka Amrit Mahotsav”. It is the highest railway bridge in the world. It is located in ..

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National Intellectual Property Awareness Mission (NIPAM) -Key Facts

August 13, 2022

The National Intellectual Property Awareness Mission (NIPAM) was launched on December 8, 2021 by Ministry of Commerce & Industry in association with Intellectual Property Office and Office of Controller General of Patents, Designs and Trademarks (CGPDTM). Under this programme, awareness ..

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