Praveena Rai Takes the Appointed as CEO and MD of MCX: Multi Commodity Exchange of India (MCX), Praveena Rai has officially taken office as Chief Executive Officer (CEO) and Managing Director (MD) on October 31, 2024, embarking on a five-year term. The appointment, announced in a statement by MCX, marks the beginning of a fresh […]
Category: Economics Current Affairs
Gold Reserves : RBI
Gold Reserves : RBI India’s total gold reserves held by the Reserve Bank of India (RBI) amount to 854.73 metric tonnes, according to the central bank’s latest report. India’s Gold Reserve Status: Total Gold Reserves: 854.73 metric tonnes, with 510.46 metric tonnes held domestically and 324.01 metric tonnes stored at the Bank of England and […]
Taipei Economic and Cultural Centre (TECC)
Taipei Economic and Cultural Centre (TECC): China has expressed its opposition to the Taiwanese government establishing the Taipei Economic and Cultural Centre (TECC) in Mumbai. It is Taiwan’s third office in India, following the openings in New Delhi (1995) and Chennai (2012). In 1993, India and Taiwan set up representative offices: the India-Taipei Association in […]
Reserve Bank of India (RBI) revealed that it successfully transported an impressive 102 tonnes of gold
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 […]
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 […]
