Current Affairs - Banking & Finance

e-RUPI: A Digital Payment Solution

e-RUPI, a person and purpose specific digital payment solution was launched on 2nd August 2021.


Lic to have MD and CEO, Chairman Post Abolished

Life Insurance Corporation of India (LIC), which is gearing up to launch a mega initial public offering (IPO), will now have a Managing Director and Chief Executive Officer instead of an Executive Chairman on the pattern of public sector banking industry.


Development Council for Cement Industry (DCCI)

The Department for Promotion of Industry and Internal Trade has established a 25 member Development Council for Cement Industry (DCCI) headed by Dalmia Bharat Group CMD Puneet Dalmia.Mandate of the ...

Post Devolution Revenue Deficit Grant released to States

The Department of Expenditure, Ministry of Finance, has released the 4th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871.00 crore to the States on 7th July ...

Exports of GI Certified Bhalia Wheat from Gujarat

The first shipment of Geographical Indication (GI) certified Bhalia variety of wheat was exported on 7th July to Kenya and Sri Lanka from Gujarat.The GI certified wheat has high protein ...

Department of Public Enterprises comes under Finance Ministry

The government has brought Department of Public Enterprises (DPE) under the Finance Ministry in a bid facilitate its ambitious disinvestment programme.As per the gazette notification, these rules may be called ...

Retail and Wholesale Trades come under MSMEs

On 2nd July 2021, the Minister of MSME and Road Transport and Highways Shri Nitin Gadkari has announced revised guidelines for MSMEs with inclusion of Retail and Wholesale trades as ...

Action Plan to make India Aatmanirbhar in Rock Phosphate

The Department of Fertilisers is expediating an action plan to make India Aatmanirbhar in Rock Phosphate.Rock Phosphate is the key raw material for DAP and NPK fertilisers and India is ...

HFCs above Rs 100 cr can use SARFAESI Law

The Ministry of Finance has allowed Housing Finance Companies (HFCs) with asset sizes of more than Rs. 100 crore to recover the dues using SARFAESI law.Prior to this, Finance Ministry ...

IFFCO To Launch Nano Urea

Indian Farmers Fertiliser Cooperative (IFFCO) will launch Nano Urea in the market shortly.500-ml Nano Urea, which costs 240 rupees, is equivalent to 45kg of normal urea. Nano Urea is environment ...

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