Page-92 of Economy & Banking Current Affairs

Financial Services Institutions Bureau (FSIB)

July 2, 2022

Union government has transformed the “Banks Board Bureau (BBB)” into “Financial Services Institutions Bureau (FSIB)”, through some amendments. Highlights Banks Board Bureau (BBB) was the head-hunter for directors of state-owned banks as well as financial institutions. Amendments were needed, because in ..

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Goods and Services Tax (GST) Day

July 1, 2022

The Goods and Services Tax (GST) Day is observed annually on July 1, in India. Key Facts GST Day is observed to commemorate the implementation of Goods and Services Tax (GST). GST Day was first observed on July 1, 2018 ..

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World Bank Loan to support India’s Health Sector

July 1, 2022

The World Bank Board of Executive Directors approved two complementary loans of USD 500 million each, for supporting and enhancing India’s health sector. Key Facts The financing of USD 1 billion by World Bank will support the “Pradhan Mantri-Ayushman Bharat ..

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‘Udyami Bharat’ Programme

July 1, 2022

On June 30, 2022, Prime Minister Narendra Modi participated in ‘Udyami Bharat’ programme. Key Facts On the occasion, he launched following key initiatives: Raising and Accelerating MSME Performance(RAMP) scheme Capacity Building of First-Time MSME Exporters(CBFTE) scheme New features of Prime Minister’s Employment ..

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GST Council Meeting-Highlights

July 1, 2022

47th GST Council Meeting was held in Chandigarh. In a two-day meeting GST Council recommended rate changes on certain items. These changes will be made effective from July 18, 2022. Recent Rate Changes GST on ink, lights, LED lamps and ..

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Computerisation of Primary Agriculture and Credit Society (PACS)

July 1, 2022

Cabinet has approved computerisation of primary agricultural credit societies (PACS) with total outlay of 2516 crore rupees. Highlights The project has proposed computerization of about 63,000 functional PACS over a period of five years. The project focuses on improving efficiency ..

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Standards for fortified rice kernels (FRKs)

June 30, 2022

The Food Safety and Standards Authority of India (FSSAI) recently decided to operationalise standards for fortified rice kernels (FRKs). Key Points Standards for fortified rice kernels will be operationalised with immediate effect, in order to strengthen national-level fortification programme in ..

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Uranium Mining in Rajasthan

June 29, 2022

Huge reserves of Uranium have been found at Rohil (Khandela Tehsil) in Sikar district of Rajasthan. With this reserve, this state has come on the world map. It is located at around 120 km from state capital Jaipur. Key facts After ..

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‘Dak Karmayogi’ e-learning portal

June 29, 2022

On June 28, 2022, Minister of Communications Ashwini Vaishnaw launched ‘Dak Karmayogi’. It is an e-learning portal of Department of Posts. Dak karmayogi Dak Karmayogi portal has been launched with the aim of enhancing competencies of departmental employees and Gramin ..

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Bengaluru One Health Pilot Project

June 28, 2022

On June 28, 2022, The Ministry of dairying and animal husbandry launched ‘One Health’ pilot project in Bengaluru. Key Points The One Health Pilot Project will bring stakeholders from human, animal, and environment health on single platform, in order to ..

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