Card-on-File Tokenisation : Reserve Bank Of India The Reserve Bank of India (RBI) proposed to introduce Card-on-File Tokenisation (CoFT). Card-on-File transaction is where in cardholders authorizes merchants to store their payment information securely and bill cardholders’ stored accounts for future purchases. Tokenisation refers to replacement of actual credit and debit card details with an alternate […]
Category: Economics Current Affairs
National Turmeric Board : Established
National Turmeric Board : Established The Government of India has established the National Turmeric Board. As India is the world’s largest producer (75% of global turmeric production), consumer, and exporter of turmeric, this move aims to enhance the development and expansion of the turmeric industry within the country. The Board will consist of a Chairperson […]
Dr M S Swaminathan: Passed Away
Dr M S Swaminathan: Passed Away Mankombu Sambasivan Swaminathan (MS Swaminathan) (1925 to 2023) who passed away recently, played a crucial role in heralding the Green Revolution that helped India combat food insecurity. MS Swaminathan Birth date: August 7, 1925. Birth Place: in Kumbakonam, Tamil Nadu. Swaminathan brought a social revolution through his policies to […]
20th Edition Of The Times Higher Education (THE) World University Rankings 2024
20th Edition Of The Times Higher Education (THE) World University Rankings 2024: 20th Edition of the Times Higher Education (THE) World University Rankings 2024 have been released, in which as many as 91 Indian institutes have secured a place. The 2024 rankings include 1,904 universities from 108 countries and regions. The 2024 Rankings comprehensively assess […]
CRIIIO 4 GOOD Initiative
CRIIIO 4 GOOD Initiative: The union Minister for Education and Skill Development & Entrepreneurship launched ‘CRIIIO 4 GOOD’. CRIIIO 4 GOOD Initiative is a new online life skills learning module. It consists of series of 8 cricket-based animation films to promote gender parity, equip girls with life skills and encourage their participation in sports. Using […]
Economic Advisory Council To The Prime Minister
Economic Advisory Council To The Prime Minister: A member of the Economic Advisory Council to the Prime Minister recently said India will soon have the capability to issue 1,00,000 patents in a year Economic Advisory Council to the Prime Minister (EAC-PM) is an independent body constituted to give advice on economic and related issues to […]
What Are Social Bonds?
What Are Social Bonds? The National Bank for Agriculture and Rural Development (NABARD) recently issued its inaugural social bonds with a total size of Rs 1,040.50 crore Social bonds, also known as social impact bonds and abbreviated as SIB, are the type of bond where the bond issuer is gathering funds for a project that […]
Emerging Markets Bond Index
Emerging Markets Bond Index: JP Morgan Chase & Co has announced it will include Indian government bonds to its emerging markets bond index from June 2024. India’s local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index of the JP Morgan. It is expected to reach the maximum weight of 10 per […]
Basel-III Capital Framework : Reserve Bank Of India
Basel-III Capital Framework : Reserve Bank Of India The Reserve Bank of India (RBI) has introduced new norms based on the Basel III capital framework for All India Financial Institutions (AIFIs), which will take effect from April 2024. India has five AIFIs under RBI regulation: Export-Import Bank of India (EXIM Bank), National Bank for Agriculture […]
Bima Sugam
Bima Sugam: The Insurance Regulatory and Development Authority of India (IRDAI) is creating the ‘Bima Sugam’ online platform, which is described as a ‘game-changer’ and a ‘UPI moment’ for the insurance sector. It will serve as a one-stop destination for insurance-related needs, including policies, portability, agent changes, and claims. Buyers can directly purchase life, motor, […]
