Economic revival key to banks’ health
News:The Reserve Bank of India has released a report titled Trend and Progress of Banking in India 2018-19. Facts: Key Highlights from the report: What are the positives in the …
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RBI launches Prepaid Payment Instrument for your daily digital payments
News:The Reserve Bank has introduced a new type of prepaid payment instrument (PPI) for daily digital payments. Facts: Features of PPI introduced by RBI: The prepaid payment instrument(PPI) could be …
Read MoreAnnual report of the insurance sector
News:The annual report of the Insurance Regulatory and Development Authority of India (IRDAI) for 2018-19 has been released. Facts: Key terminologies: Insurance density is measured as the ratio of premium …
Read MoreRBI plans its own ‘Operation Twist’; to buy, sell bonds simultaneously
News:The Reserve Bank of India has announced that it will carry out US-style ‘Operation Twist’ to bring down interest rates. Facts: About Operation Twist: Operation Twist is when the central …
Read MoreStates with smaller population take the lead under PMEGP
News:According to the data presented by the Ministry of Micro, Small and Medium Enterprises,states with smaller population take the lead under Prime Minister’s Employment Generation Programme(PMEGP) in the last four …
Read MoreGST Council Meeting: No rate hike, vote for single lottery rate
News:Finance Minister has chaired the 38th GST Council Meeting in New Delhi. Facts: Key takeaways from the meeting: The GST Council has for the first time used the voting process …
Read MoreE-commerce can spur intra-South Asia trade: World Bank
News:The World Bank has released a report titled “Unleashing E-Commerce for South Asian Integration”. Facts: Key takeaways from the report: The report has said that e-commerce can become a driver …
Read MoreIndia’s rising retail prices stoke worries of stagflation
News:India’s retail price inflation has jumped to a 40-month high at a time when India’s growth has slowed down to a six-year low.This has prompted some economists to warn that …
Read MoreBRICS’ NDB pledges $100 million to NIIF
News:Recently,New Development Bank(NDB) has committed $100 million to India’s National Investment and Infrastructure Fund(NIIF). Facts: About NDB: The New Development Bank(NDB) formerly referred to as the BRICS Development Bank is …
Read MoreNational Financial Reporting Authority submits first report since constituted
News:The National Financial Reporting Authority(NFRA) has issued its first audit report of IL&FS Financial Services Limited for the year 2017-18. Facts: About NFRA: The National Financial Reporting Authority(NFRA) has been …
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