BSE SENSEX Current Affairs, GK & News

G-sec acquisition programme – G-SAP 1.0

The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). The first purchase of Rs 25,000 crore is to be made on April 15, 2021. GSAP 1.0 The GSAP 1.0 ..

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Petroleum minister Dharmendra Pradhan visits oil field

The Sakhalin oil field in Russia is a prolific oil producing field like Bombay High. Exxon Mobil, Rosneft, Japanese SODECO and ONGC Videsh are the partners in this field which will continue to produce oil and gas till 2055. It is in news because the Union Minister of Petroleum and Natural Gas & Steel – ..

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Supreme Court upholds definition of Adjusted Gross Revenue

The Supreme Court (SC) has recently upheld the definition of Adjusted Gross Revenue (AGR) calculation as stipulated by the Department of Telecommunications (DoT). As per SC ruling, the telecom companies will now have to pay up approx Rs 92,642 crore to the government, more than half of which are owed by Airtel and Vodafone. The ..

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ICICI Bank launches new fixed deposit scheme ‘FD Health’

The ICICI Bank has launched a new Fixed Deposit (FD) scheme – FD Health that provides the customer a complimentary critical illness cover of Rs 1 lakh from ICICI Lombard General Insurance Company on opening an FD of Rs 2 lakh to Rs 3 lakh for tenure of at least two years. For investors in ..

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SBI becomes first Indian bank to have office in Australia’s Victoria

The State Bank of India (SBI) has opened its Melbourne office & became the first Indian bank to have a branch in the Australian state of Victoria. The Melbourne office will assist the growing trade and investment relations between Victoria and India and is the outcome of the state’s 10-year India Strategy – our shared ..

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