Current Affairs

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Page-22 of Topic: Finance

India improves in pension index

The index value for India in Melbourne Mercer global pension index has improved from 40.3 in 2015 to 43.4 in 2016 because of an increase in the net...

December 16, 2016

India first nation to subsidize online payments

India has become the first country in the world to subsidise the use of digital cash after the government announced measures like discounts on online payments for insurance...

December 14, 2016

Central Bank auctions Treasury Bills under MSS

Reserve Bank of India today auctioned 35-days Treasury Bills worth Rs. 60,000 Crores under the aegis of Market Stabilization Scheme as a step to clean the extra liquidity...

December 6, 2016

Vittiya Saksharta Abhiyan launched by Central Government

India is witnessing a paradigm shift towards a digital economy and a major financial revolution. In pursuit of its efforts to move towards a cashless economy the Government...

December 2, 2016

Gross Non-Performing Assets of PSU banks touch over 6 lakh crores

The government has said that the Gross Non-Performing Assets (NPA) of public sector banks as of September 2016 has touched nearly six lakh thirty thousand crore rupees. The...

November 29, 2016

Insolvency and Bankruptcy board sets up two panels

Insolvency and Bankruptcy Board of India (IBBI), which expects to soon operationalise the Insolvency and Bankruptcy Code, 2016 has set up two high-level panels to gather inputs from...

November 28, 2016

IBBI notifies two regulations

Insolvency and Bankruptcy Board (IBBI) of India have notified two Regulations- the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 and IBBI (Insolvency Professional...

November 23, 2016

RBI proposes ‘Islamic Window’ in Banks

The Reserve Bank of India (RBI) has come up with a proposal for opening of ‘Islamic window’ in conventional banks for a gradual introduction of Sharia-compliant (interest-free) banking...

November 21, 2016

Government releases modified draft Bill to check the menace of Ponzi schemes

The government has released the revised Draft ‘Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2016’ to crack down on Ponzi and illegal deposit schemes...

November 19, 2016

Ujjivan Small Finance Bank receives final license from RBI

Ujjivan Small Finance Bank Ltd, a subsidiary of Ujjivan Financial Services Ltd has received the final licence from Reserve Bank of India (RBI) to commence its banking operations....

November 15, 2016

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