MSME RuPAY Credit Card- Phase 2

Union Minister for Micro, Small, and Medium Enterprises (MSMEs) launched the second phase of the MSME RuPay Credit Card with the National Payments Corporation of India (NPCI) and 4 banks- Kotak Mahindra Bank, Bank of Baroda, SBM Bank (India), and ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

SEBI Advisory Committee on ESG-related Matters

The Securities and Exchange Board of India (SEBI) recently set up an advisory committee for advising on Environment, Social, and Governance (ESG) related matters in India’s securities market. Who will be the head of the advisory committee? The advisory committee ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Record Fall of Indian Rupee

On May 9th Indian Rupee fell to its all-time low against the US Dollar, closing at 77.50 per USD. Why did the value of the Indian Rupee fall? Due to rising inflation, US Federal Reserve increased the interest rate. This ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Initial Public Offering (IPO) of LIC- Highlights

The biggest-ever initial public offering (IPO) of India is by the Life Insurance Corporation of India (LIC). It has been fully booked under all the offered categories What percentage of shares is being sold? LIC’s IPO has received bids for ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Telecom: DoT abolishes NOCC charges

Recently, the Department of Telecommunications (DoT) has abolished the network operation and control center (NOCC) charges. What is the Network operation and control center (NOCC) charge? It is a charge levied on the use of space segments by telecom service ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Rs 7,183.42 crore Revenue Deficit Grant

Recently, the Department of Expenditure (Ministry of Finance) released Rs 7,183.42 crore as a revenue deficit grant to 14 states. This is the 2nd monthly installment of the Post Devolution Revenue Deficit (PDRD) grant to states. Who recommended Post Devolution ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Merger of L&T Infotech and Mindtree

Recently, Larsen & Toubro (L&T) announced the merger of its two software companies, Larsen & Toubro Infotech (LTI) and Mindtree. What is the market capitalization of both companies? Larsen & Toubro Infotech (LTI) has a market capitalization of Rs 1.03 ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Periodic Labour Force Survey- Update

In the period of October-December 2021, the unemployment rate for all those aged 15 years and above in the country’s urban areas slipped from 10.3 per cent that was recorded in the same quarter a year ago to 8.7 per ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Neobank: India’s 100th Unicorn Start-up

Open, a Bengaluru-based neobank platform has become the 100th unicorn start-up in India. What is the valuation of Open? The start-up has raised fresh funds that increased its valuation to USD 1 billion. The new investment round to raise funds ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

RBI Monetary Policy Committee Announcements – Update (May, 2022)

Recently, the Monetary Policy Committee (MPC) held an unscheduled meeting and made some important announcements. What are the announcements? The MPC unanimously decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs