Retail
FIRSTAP – India’s First Sticker-based Debit Card
IDFC First Bank, in association with the National Payments Corporation of India (NPCI), recently launched FIRSTAP – India’s first sticker-based debit card. What is a sticker-based debit card? A sticker-based debit card allows the user to make transactions by simply ..
Month: Current Affairs – November, 2022
Category: Economy & Banking Current Affairs
Kisan Sabha Application developed by CSIR launched
On May 1, 2020, the Council of Scientific and Industrial Research-Central Road Research Institute (CSIR-CRRI) launched Kisan Sabha Application. The application was launched to connect farmers to freight transportation and supply chain. Highlights The application aims in providing timely support ..
Month: Current Affairs - May, 2020
Common Service Centres of GoI to take over E-Commerce in rural areas
On April 29, 2020, the Government of India announced that the Common Service Centres will now take over village level online retail chain. The step is expected to reach more than 60 crores of people in rural region. Highlights The ..
Month: Current Affairs - April, 2020
Punjab & Sind Bank sets up a centralized hub Cen-MARG to process retail and MSME loans
The Punjab & Sind Bank has set up the Centralised MSME & Retail Group (Cen-MARG) for credit facilities at its head office in New Delhi. Now, all MSME and retail credit approvals will be performed at this centralised set up. ..
India launches third IT corridor in China
India has launched its third IT corridor in China. The corridor will facilitate partnerships between Indian and Chinese companies. National Association of Software and Services Companies (NASSCOM) entered into a partnership with China’s Xuzhou city from Jiangsu Province in China ..
Month: Current Affairs - March, 2019
RBI launchs a ‘Survey on Retail Payment Habits of Individuals (SRPHi)’
The Reserve Bank of India (RBI) has launched a ‘Survey on Retail Payment Habits of Individuals (SRPHi)’ to capture payment habits of individuals in six cities, including four metropolitan towns. According to RBI release, the survey will cover a sample ..
Ramesh Abhishek to head panel of secretaries to look into issues raised on some proposals of draft e-commerce policy
The Government of India (GoI) has set up a group of secretaries to look into the issues raised on some proposals of the draft e-commerce policy. The group will be chaired by Ramesh Abhishek, the secretary in the Department of ..
Union Cabinet permits 51% FDI in multi-brand retail and 49% FDI in Aviation
Cabinet allowed 51% FDI in multi-brand retail and also 49% FDI in the aviation domain. But the Govt left it to the state governments to allow establishment of multi-brand retail stores. FDI limit on various streams of broadcast services has ..
Month: Current Affairs - September, 2012
IKEA plans invest Rs 10,500 crore to set up 25 stores in India
Swedish IKEA, the world’s largest furniture manufacturer, has plans to invest about Rs 10,500 crore to establish 25 stores in single-brand retail in India. This will be the biggest investment in the single-brand retailing since the government allowed FDI in ..
Month: Current Affairs - June, 2012
FDI in Multi-brand Retail- Background and arguments
Up till now, the successive Governments in India have kept denying the Foreign Direct Investment (FDI) in multi-brand Indian retail. So, foreign groups have been forbidden from any ownership in supermarkets, convenience stores or any retail outlets, to sell multiple ..