Category: Economics Current Affairs

Fractional Ownership Platform Property Share Received India’s 1st SM REIT License from SEBI: Property Share (PropShare Investment Manager Private Limited) became the 1st Fractional Ownership Platform (FOP) to received India’s 1st Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) under the newly notified SM […]

RBI Sets Up 10-Member Expert Committee On Benchmarking Of Its Statistics: The RBI on August 12, announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards.

PNB Launches Special Braille Debit Card For Visually Impaired Customers: Punjab National Bank (PNB) has introduced the PNB ANTAH DRISHTI Braille Debit Card, a new initiative aimed at enhancing financial accessibility for visually impaired individuals.

Fast Tracking BIMSTEC Free Trade Agreement: BIMSTEC members should re-examine the priorities of member nations with regards to trade negotiations so that the delayed Free Trade Agreement can be finalized. This was stated by Union Minister of Commerce & Industry Shri Piyush Goyal while delivering his speech at the inaugural edition of the Bay of […]

Implementation of RTE and Budget Allocation for Education: As of August 7, 2024, Punjab, Telangana, Kerala, and West Bengal have yet to implement the Right to Education (RTE) Act, 2009. Union Minister of State for Education, Jayant Chowdhary, disclosed this in the Rajya Sabha.

UPI Merchant Transactions In Nepal Cross 100000 Milestone: NPCI International Payments Limited (NIPL) has achieved a major milestone by surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal, the NIPL said in a statement. NIPL is an international arm of the National Payments Corporation of India (NPCI).    

Book Launch Spotlight: ’75 Great Revolutionaries of India’: Rajya Sabha Deputy Chairman Harivansh Narayan Singh attended the launch of ’75 Great Revolutionaries of India,’ a book by MP Bhim Singh. Singh praised the work for highlighting lesser-known freedom fighters.  

T.V. Somanathan Appointed as New Cabinet Secretary: Senior IAS Officer T.V. Somanathan has been appointed as the new Cabinet Secretary of India, succeeding Rajiv Gauba, whose term ends this month. Somanathan will begin his two-year tenure on August 30, 2024.

Continuous Clearing Of Cheques:   The Reserve Bank of India (RBI) has announced the implementation of Continuous Clearing of Cheques under the Cheque Truncation System (CTS), aimed at speeding up the cheque clearing process. Currently, CTS takes up to two working days to clear cheques. With the new system, cheques will be scanned, presented, and […]

Banking Laws (Amendment) Bill, 2024:     A bill proposing changes to banking laws, including allowing up to four nominees for a bank account, was introduced in the Lok Sabha recently. The Banking Laws (Amendment) Bill, 2024, aims to strengthen banking governance, enhance reporting consistency to the Reserve Bank of India (RBI), and improve protection […]