New Umbrella Entity (NUE) Network : RBI RBI is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned as a rival to the National Payments Corporation of India (NPCI). Six groupings, which included Facebook, Google, Amazon, Flipkart and others, had applied for NUE licences, but none […]
Category: Economics Current Affairs
76th Foundation Day Of BIS
76th Foundation Day Of BIS: The 76th Foundation Day of Bureau of Indian Standards (BIS) was celebrated in New Delhi and various initiatives were launched by the Ministry of Consumer Affairs, Food & Public Distribution. Initiatives Launched: Portal for Mapping of Industrial Units and Laboratories: This is a centralized platform for information on industrial units […]
NSWS Portal : Crossed 75 Thousand Approvals
NSWS Portal : Crossed 75 Thousand Approvals National Single Window System, NSWS Portal for various Central, State, and UT clearances has hit a new milestone by crossing 75 thousand approvals. The National Single Window System (NSWS) is a digital platform to guide you in identifying and applying for approvals according to your business requirements. The […]
Corporate Tax Collections : Highlights
Corporate Tax Collections : Highlights Corporate tax collections exceeded 3% of the GDP after a gap of two years in 2021-22. It is reflecting overall improvement in profitability of India Inc propelled by an increase in demand for goods and services. In actual terms, the net corporate tax collection in 2021-22 stood at Rs 7.12 […]
Outreach Programme For Awareness Of Cryptocurrencies And Online Gaming
Outreach Programme For Awareness Of Cryptocurrencies And Online Gaming: The Investor Education and Protection Fund (IEPF) will launch an outreach programme to create awareness of Cryptocurrencies and Online Gaming. The need for the outreach programme is based on the observation that both crypto-assets and online gaming (that extends to gambling and betting) are still being […]
Indian Rupee Depreciated By 10% Against The US Dollar
Indian Rupee Depreciated By 10% Against The US Dollar: The Indian Rupee depreciated by around 10% against the US dollar and the rupee was the worst-performing Asian currency in 2022. This decline was mainly on account of appreciation in the US currency on safe haven appeal amid fears of recession and inflation across many parts […]
Dinesh Kumar Shukla : New Chairman Of AERB
Dinesh Kumar Shukla : New Chairman Of AERB Dinesh Kumar Shukla, former Executive Director of AERB & Distinguished Scientist assumed the charge as Chairman, AERB on 31st December 2022. The AERB was constituted on November 15, 1983, by the President of India by exercising the powers conferred by the Atomic Energy Act, 1962 to carry […]
Investor Risk Reduction Access Platform
Investor Risk Reduction Access Platform: Stock exchanges have been directed by the Securities and Exchanges Board of India (SEBI) to set up an Investor Risk Reduction Access (IRRA) platform. With the growing reliance on technology in the securities market, there is an increase in instances of glitches in trading members’ systems, some of which resulted […]
India To Become Third Largest Economy By 2035 : CEBR
India To Become Third Largest Economy By 2035 : CEBR The Centre for Economics and Business Research (CEBR), a British consultancy, has said India will become third largest economy by 2035 from the current fifth spot. In its annual World Economic League Table, the Centre for Economics and Business Research said that over the next […]
GI Tag For Joynagar Moa : Extended For 10 years
GI Tag For Joynagar Moa : Extended For 10 years GI tag for Joynagar Moa has been extended for 10 years. About Joynagar Moa: Said to date back to 1904, the moais made of aromatic khoi popped rice that is mixed with jaggery, sugar, cashew nuts and raisins. It has a short shelf life, lasting […]
