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Banking Current Affairs : 6th August 2024

Today’s Current Affairs: 6th August 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

Union Minister Pralhad Joshi Launches Version 4.0 PMS Mobile App:

  • Food and Consumer Affairs Minister launches Version 4.0 Price Monitoring System (PMS) Mobile AppUnion Minister Pralhad Venkatesh Joshi, Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD) launched the Version 4.0 Price Monitoring System (PMS) Mobile Application (App) in New Delhi, Delhi.

Union Minister Jyotiraditya M Scindia and MoS Pemmasani Chandra Sekhar Inaugurates NOC at C-DOT :

  • Union Minister Jyotiraditya M Scindia, Ministry of Communications (MoC) and Ministry of Development of North Eastern Region (MDoNER) along with the Union Minister of State(MoS)Dr Pemmasani Chandra Sekhar, MoC and Ministry of Rural Development (MoRD) has inaugurated the Network Operations Centre (NOC) at the Centre for Development of Telematics (C-DOT), New Delhi, Delhi.

TRAI Released Revised Standards of Quality of Service for Access and Broadband Services:

  • The Telecom Regulatory Authority of India (TRAI) released revised regulations namely, ‘The Standards of Quality of Service of Access (Wirelines and Wireless) Service Regulations, 2024 (06 of 2024)’. These revised regulations are applicable for access (fixed and mobile) and broadband services.

Germany Joined UN Command in South Korea as 18th Member State:

  • The Federal Republic of Germany (FRG) officially joined the United States of America (USA) led-United Nations Command (UNC) at Pyeongtaek, south of Seoul in South Korea.
  • Germany became the 18th member state of UNC, a group that helps police the heavily fortified border with North Korea and has committed to defend the South in the event of war.
  • This marks the 1st UNC expansion since Italy was reinstated in 2013.

RBI issues revised Master Directions on Fraud Risk Management for Regulated Entities:

  • The Reserve Bank of India(RBI) issued 3 Master Directions(MD) on Fraud Risk Management for the Regulated Entities(RE) such as commercial banks including regional rural banks and All India Financial Institutions; urban, state and central cooperative banks; and non-banking finance firms and housing finance companies to replace the previous guidelines and consolidating 36 existing circulars.
  • Aim is to provide a robust framework for the prevention, early detection, and timely reporting of frauds in REs.

GoI and World Bank Signed USD 500 Million Agreement for Construction of GNHCP:

  •  Union Minister Nitin Gadkari, Ministry of Road Transport and Highways (MoRTH) announced that the Government of India (GoI) and the World Bank (WB) have signed a USD 500 million agreement to construct the Green National Highway Corridors Project (GNHCP).

RBI Issued ‘Fit & Proper’ Certificates to 3 Potential Suitors for IDBI Bank:

  • The Reserve Bank of India (RBI) has issued ‘Fit & Proper’ certificates to 3 potential suitors for Industrial Development Bank of India (IDBI) Limited, thus paving the way for possible acquisition of the bank.
  • The potential suitors are Fairfax Financial Holdings Limited, Toronto(Canada); Emirates NBD Bank, Dubai(the United Arab Emirates(UAE)) and Kotak Mahindra Bank Limited (KMBL), Mumbai(Maharashtra).
  • IDBI has received final approval from RBI for the ‘Fit & Proper’ criteria for privatization, and potential bidders for the strategic sale are expected to begin the process of due diligence early August, 2024.

HDFC Securities Partners with Vested Finance to Offer Access to Global Investing for Indians and NRIs:

  • HDFC Securities Limited, a wholly-owned subsidiary of HDFC Bank Limited has partnered with Vested Finance Inc., a United States of America (USA)-based investment platform, to democratize global investing for Indians and Non-Resident Indians (NRIs) through Global Investing 2.0.

Amazon Pay, Adyen & BillDesk Secure PA-CB Licence from RBI:

  • Reserve Bank of India (RBI) has granted Payment- Aggregator- Cross Border (PA-CB) license to 3 merchant payment companies namely IndiaIdeas.com Limited (BillDesk), Amazon Pay (India) Private Limited, and global payments major Adyen India Technology Services Private Limited (Adyen).

RBI Approves Re-appointment of Inderjit Camotra as MD & CEO of Unity Small Finance Bank:

  • The Reserve Bank of India (RBI) has approved the re-appointment of Inderjit Camotra as Managing Director(MD) and Chief Executive Officer(CEO) of Unity Small Finance Bank Limited (Unity Bank) for another 2 years.
  • He has been serving as the MD & CEO of Unity Small Finance Bank since 2022.

WHG-02: China Successfully Launches New High-Orbit Internet-Services Satellite:

  • China launched a new high-orbit internet-services satellite – Weixing Hulianwan Gaogui-02 (WHG-02) into space from the Xichang Satellite Launch Center (XSLC), also known as “Xichang Satellite City” in southwest China’s Sichuan Province.

Six New Species of Bent-Toed Gecko Discovered from Northeast India:

  • Researchers have discovered 6 new species of bent-toed gecko, a type of small lizard, in Northeastern India. Out of this 6 new species, 2 each from Arunachal Pradesh (AR) and Nagaland and one each from Manipur and Mizoram.