Reserve Bank of India (RBI) revealed that it successfully transported an impressive 102 tonnes of gold: The Reserve Bank of India (RBI) revealed that it successfully transported an impressive 102 tonnes of gold from the Bank of England to secure storage facilities in India. This strategic move was part of the RBI’s meticulous planning to […]
Category: Economics Current Affairs
Ekta Nagar, located approximately 200 km from Ahmedabad : New Projects
Ekta Nagar, located approximately 200 km from Ahmedabad: New Projects Prime Minister Narendra Modi began his two-day visit to Gujarat on 30th October, 2024, starting in Ekta Nagar, located approximately 200 km from Ahmedabad. During this visit, he laid the foundation stone and inaugurated projects worth over ₹284 crore in the Narmada district, which is […]
Registration Of Births And Deaths
Registration Of Births And Deaths: Union Home Minister Amit Shah launched the Civil Registration System (CRS) mobile application, aimed at integrating technology into governance and simplifying the registration of births and deaths. This initiative aligns with the government’s Digital India vision, designed to provide citizens with a seamless and efficient way to register vital events […]
FCI Grievance Redressal System App
FCI Grievance Redressal System App: The Union Minister of Consumer Affairs, Food & Public Distribution launched the Mobile Application of FCI Grievance Redressal System (FCI GRS) for Rice Millers in New Delhi. It will facilitate rice millers in addressing their grievances with the FCI in an efficient and transparent manner. It is part of the […]
State Bank of India (SBI) and India Exim Bank are actively supporting businesses in African countries
State Bank of India (SBI) and India Exim Bank are actively supporting businesses in African countries: The State Bank of India (SBI) and India Exim Bank are actively supporting businesses in African countries by addressing the trade finance gap, as highlighted by the South African heads of the two organizations during the India Entrepreneurs Forum […]
Managing Director (MD) and Chief Executive Officer (CEO) of Punjab National Bank
Managing Director (MD) and Chief Executive Officer (CEO) of Punjab National Bank: The Financial Services Institutions Bureau (FSIB) has recommended Ashok Chandra as the next Managing Director (MD) and Chief Executive Officer (CEO) of Punjab National Bank (PNB). Currently serving as Executive Director at Canara Bank since November 2022, Chandra’s banking career began in September […]
State Contingent Debt Instruments (SCDIs)
State Contingent Debt Instruments (SCDIs): The Global Sovereign Debt Roundtable (GSDR), which addresses challenges in debt restructuring processes, is set to discuss State Contingent Debt Instruments (SCDIs). SCDIs helps speed up debt restructuring by offering bonds with payouts contingent on countries meeting specific economic or fiscal targets. E.g., GDP-linked bonds issued by Ukraine that are […]
Shaktikanta Das Earns A+ in Central Bank Report Card 2024
Shaktikanta Das Earns A+ in Central Bank Report Card 2024: Reserve Bank of India (RBI) Governor Shaktikanta Das has been awarded an A+ grade in the Central Bank Report Cards 2024, marking his second consecutive year of recognition. This accolade was presented by Global Finance during an event in Washington, D.C. The grades, ranging from […]
Drop in India’s Foreign Exchange Reserves
Drop in India’s Foreign Exchange Reserves: India’s foreign exchange reserves decreased by $2.163 billion, bringing the total to $688.267 billion for the week ending October 18, as reported by the Reserve Bank of India. This decline follows a significant drop of $10.746 billion in the previous week, marking one of the largest reductions in reserves […]
SBI for Solar Project Financing
SBI for Solar Project Financing: Solex Energy has partnered with the State Bank of India (SBI) to provide financing options for solar projects, targeting commercial, industrial, and institutional customers. Under this collaboration, SBI will offer loans up to ₹10 crore through its Surya Shakti Solar Finance Scheme, aiming to make solar energy more accessible and […]
