Financial services Current Affairs, GK & News
Second Round of Quarterly Employment Survey
The Union Ministry of Labour and Employment recently released the second round of Quarterly Employment Survey. According to the survey, nine sectors hired two lakh people. This accounted to 85% of the total employment of the country. The survey was for the period July to September 2021. Key Findings of the Survey The total employment ..
Month: Current Affairs - January, 2022
Category: Reports & Indexes Current Affairs
Topics: All-India Quarterly Establishment-based Employment Survey • BPO • Construction sector • Economic growth • Employment • female worker • Financial Sector • Financial services • India's economic growth • IT sector • Labour force survey • manufacturing sector • Ministry of Labour and Employment • Restaurants • Trade • transport sector
OPPO launches mutual fund platform ‘KASH’
China-based consumer electronics firm and smartphone manufacturer OPPO recently announced its mutual fund platform named ‘KASH’. The ‘OPPO Kash’ service, which will be pre-installed in all OPPO smartphones, will offer users to invest in mutual funds. The platform will also provide free credit reports, personal loans up to two lakh, business loans up to ₹2 crore and ..
Topics: Financial services • Mutual Fund • Oppo
Parliament passes International Financial Services Centre Authority bill, 2019
On December 13. 2019, the International Financial Services Centre Authority bill was passed by Rajya Sabha. It proposes to set up an authority to regulate financial services in the International Financial Services Centres in India. Composition of the authority According to the bill, the authority will comprise of nine members along with the chairperson. Among ..
Month: Current Affairs - December, 2019
Category: Legal & Constitution Current Affairs
Topics: Bills and Acts • CLAT • Financial services • IFSC • International Financing • Parliament • RBI • SEBI
Restructuring and loan drive for MSMEs
The state owned public sector banks are to hold a month long drive to provide relief to the small businesses (MSMEs) through loans and restructuring options. The outreach program was launched by the central government in December and is to last till January 6, 2020. The banks are provide working capital for these MSMEs and ..
Topics: Bank • Banking • Economic history of Italy • Economy • Financial services • Loans • Money • Small and medium-sized enterprises
RBI calls for fresh applicants to grant depositor awareness funds
The Reserve Bank of India (RBI) has decided to call for fresh applications ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund (DEAF). The RBI has unveiled guidelines on the criteria for registering institutions, organisations and associations in this regard. Registered entities may apply for financial assistance from the Depositor ..
Topics: Financial services • Reserve Bank of India