Retail Current Affairs, GK & News

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 to farmers and help in increasing their profit. This is possible as the application minimizes ..

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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 Common Service Centres are to take over the jobs of E-commerce Giants Flipkart and Amazon ..

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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. This will help branches focus better on lead generation for retail and MSME lending and ..

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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 to help develop the IT corridor. IT Corridor IT corridor facilitates partnerships between Indian and ..

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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 of 6,000 individuals from various socio-economic backgrounds across six cities including Mumbai, Delhi, Kolkata, Chennai, ..

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