Replenishment Of Balances In FASTag: The Reserve Bank of India (RBI) has updated its e-mandate framework to include the auto-replenishment of balances in FASTag and the National Common Mobility Card (NCMC). Under the new rules, these auto-replenishment transactions, which occur when balances fall below a customer-defined threshold, will no longer require a pre-debit notification.
Global Property Price Index
Global Property Price Index: Manila ranked first with a 26 per cent annual rise during the quarter. Mumbai and Delhi are at the second and third positions, respectively, among 44 cities globally in annual price rise of prime residential properties during the June quarter, Knight Frank said in a report.
Goldman Sachs Lowers India’s 2024 and 2025 GDP Growth Forecasts
Goldman Sachs Lowers India’s 2024 and 2025 GDP Growth Forecasts: Goldman Sachs has revised India’s GDP growth forecasts for 2024 and 2025, anticipating slower expansion due to reduced government expenditure and other economic factors. The bank now projects a growth rate of 6.7% for 2024 and 6.4% for 2025, down by 20 basis points each […]
Tata Power Solar Systems Ltd
Tata Power Solar Systems Ltd: Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers. As part of the agreement, the customers can avail themselves of loans up to Rs 90 lakh with collateral-free options and tenure extending up to 5 […]
GoI Approves Unified Pension Scheme for Government Employees
GoI Approves Unified Pension Scheme for Government Employees: To enhance retirement benefits for government employees, the Union Cabinet on Saturday approved the Unified Pension Scheme (UPS). This new scheme is set to benefit approximately 23 lakh government employees and will serve as an alternative to the existing National Pension System (NPS).
RBI Governor Secures
RBI Governor Secures: Prime Minister of India recently congratulated Reserve Bank of India (RBI) Governor Shaktikanta Das for receiving an ‘A+’ rating in the Global Finance Central Banker Report Cards 2024, marking his second consecutive achievement of this high honour. Shaktikanta Das is one of only three central bankers globally to receive an “A+” rating, […]
RBI Intensifies Scrutiny on P2P Lending Platforms
RBI Intensifies Scrutiny on P2P Lending Platforms: The Reserve Bank of India (RBI) has intensified its regulatory scrutiny on Non-Banking Financial Company–Peer to Peer Lending Platform (P2P) lending platforms following the discovery of multiple regulatory violations, including high levels of non-performing assets (NPAs). RBI identified violations, including unauthorised deposit acceptance and unusually high balances in […]
Daily Current Affairs for UPSC IAS: 23rd August 2024
Today’s Current Affairs: 23rd August 2024 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Orangutan Diplomacy
Orangutan Diplomacy: Malaysia has initiated “Orangutan Diplomacy” to address sustainability concerns related to palm oil-linked deforestation affecting orangutans, in response to backlash. Orangutans widely recognized for their distinctive red fur, are considered to be the largest tree-dwelling mammals. They are primarily arboreal, spending over 90% of their waking hours in trees. Orangutans are highly intelligent […]
Lunar Magma Ocean
Lunar Magma Ocean: The recent findings from India’s Chandrayaan-3 mission have sparked renewed interest in the Lunar Magma Ocean (LMO) theory, a crucial concept in planetary science that explains the moon’s early formation. Chandrayaan-3’s Pragyan rover identified a rock type known as ferroan anorthosite in the lunar south pole region. This discovery is significant as […]
