Page-110 of Economy & Banking Current Affairs

123PAY: UPI for Feature phones

March 9, 2022

On 8th March 2022, Reserve Bank of India (RBI) Governor Shaktikanta Das launched Unified Payments Interface (UPI) for feature phones called “UPI123Pay”. About UPI 123PAY UPI ‘123PAY’ is a three-step method to initiate and execute services for those who use ..

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NSE-Telangana MoU to Support MSMEs

March 8, 2022

To support micro, small and medium enterprises (MSME) to raise funds through the NSE Emerge platform, the government of Telangana and the National Stock Exchange of India has signed an MoU Overview: Under this MoU, the stock exchange, with the ..

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India’s record Wheat Export

March 7, 2022

This financial year, India is set to export around 7 million tonnes of wheat. This would be one of the highest exports of wheat by India. India’s wheat exports India is the world’s second biggest producer of wheat, accounting for ..

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India Global Forum

March 7, 2022

India Global Forum’s (IGF) annual summit will bring together prominent faces of tech-driven disruption and those who have entered the unicorn club, as well as Union ministers, politicians, and global business executives. Overview: This event is taking place in Bengaluru ..

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India-Canada FTA Talks

March 7, 2022

India and Canada decided to restart negotiations on Free Trade Agreement (FTA) or Comprehensive Economic Partnership Agreement (CEPA). History of negotiations The benefits of India-Canada CEPA were highlighted by “India-Canada CEO Round Table” held in 2008. It was decided that ..

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Contribution of YouTube Creators to Indian GDP

March 4, 2022

The growing creator ecosystem of YouTube has contributed Rs 6,800 crore to the GDP of India and has supported 6,83,900 full-time equivalent jobs in the country in 2020. This statement has been issued by an independent report done by Oxford ..

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Downgrade in Russia’s Ratings

March 4, 2022

Following severe sanctions implemented on Russia by the western countries, Moody’s and Fitch downgraded the country’s sovereign rating to ‘junk’ grade. Overview: Russia’s long-term issuer and senior unsecured (local and foreign-currency) debt ratings have been downgraded to ‘B3′ from ‘Baa3’ ..

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Canada’s digital services tax

March 4, 2022

Canada has decided to impose a digital services tax on large companies that sell various services in Canada. About the tax Under the new rules of the Canadian government, a 3% digital services tax will be imposed on the companies ..

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International Financial Services Centres Authority (IFSCA)

March 4, 2022

IFSCA is a unified authority for the development and regulation of financial products, financial services, and financial institutions in international financial services centers. About International Financial Services Centre (IFSC) An IFSC caters to customers outside the jurisdiction of the domestic ..

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Draft framework on Sustainable Financial Lending

March 4, 2022

On March 2, 2022, the International Financial Services Centres Authority (IFSCA) invited public to comment on “draft framework on sustainable and sustainability-linked lending by financial institutions” in the IFSCs. Highlights The draft guidance framework seeks to encourage the IFSC banking ..

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