Page-3 of Financial inclusion Current Affairs, GK & News
The government has allowed migrants to change address on Aadhaar by giving self declaration. It will help them open bank account and promote financial inclusion. The changes were made by amending the Prevention of Money-laundering (Maintenance of Records) Rules as per the gazette notification issued on 13 Nov. This move will allow an individual to ..
Topics: Aadhaar • Biometrics • Economy • Financial inclusion • Financial services • Government of India • Identification • Identity documents of India • India • Know Your Customer • Money Laundering • National identification numbers
The World Congress on Rural and Agricultural Finance (WCRAF) began in New Delhi on November 12, 2019. It aims at bringing together stakeholders of rural and agricultural finance all over the world. The Congress is an opportunity to strengthen business relations and to promote products and services. Background The Congress is held at regular intervals ..
Category: Important Days & Events Current Affairs
The 2019 edition of ‘Global Microscope: The enabling environment for Financial Inclusion’ report was released by Economist Intelligence Unit’s (EIU). The report is a benchmarking index that assesses enabling environment for financial access as well as underscores the evolving landscape of financial inclusion in selected countries. The year 2019 was 12th edition of report. Key ..
Category: Reports & Indexes Current Affairs
The Airtel Payments Bank has launched the Bharosa Savings Account to deepen the financial inclusion in the country. It has been designed to serve the unique needs of under-banked and unbanked population of India. The account offers free Personal Accident Insurance cover worth Rs 5 Lakhs on maintaining a balance of just Rs 500 along ..
The Union Cabinet has approved the introduction of the Chit Funds (Amendment) Bill, 2019 in Parliament. If passed and made into a law, the bill aims to substantially lower the compliance requirements on the registered legal chit funds of India.? This will be beneficial to both the organizers and the subscribers of the chit fund. ..