Page-111 of Economy & Banking Current Affairs

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 Highlights The draft guidance framework seeks to encourage the IFSC banking ..

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Quami Waqf Boards Taraqqiati Scheme

March 2, 2022

Union Ministry of Minority Affairs’ have revised the deadline for long-delayed project to geotag all Waqf properties across India, from March 2022 to November 2023. Key Facts This project was started in 2017 under the ‘Quami Waqf Boards Taraqqiati Scheme’. ..

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GST Revenues in February

March 2, 2022

The February 2022 collection of GST (Goods and Services Tax) stood at Rs. 1,33,026 crores which is 18 per cent higher than February 2021. This year’s collection was higher by 26 per cent in comparison to the GST collection in ..

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Electronic Bill Processing System

March 2, 2022

Nirmala Sitharaman, Union Finance Minister, will launch the electronic bill (e-Bill) processing system under the Digital India eco-system and ease of doing business. Overview: This e-governance initiative was announced in the Budget 2022-23 by the Finance Minister. Across all departments ..

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BharatPe Corporate Governance Issue

March 2, 2022

Co-founder and managing director of BharatPe, Ashneer Grover, resigned from company, days after BharatPe terminated the services of his wife and head of controls, Madhuri Jain Grover, over alleged financial irregularities. Highlights Following the resignation of Ashneer Grover, company noted to ..

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Unified Logistics Interface Platform (ULIP)

March 2, 2022

According to NITI Aayog CEO Amitabh Kant, the logistics cost can be lowered down by leveraging the Unified Logistics Interface Platform (ULIP). The logistic cost is currently at 13-14% of GDP. Highlights It can also be brought down by bringing ..

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MSME Ministry Iconic Week

March 2, 2022

As a part of ‘Azadi ka Amrit Mahotsav’ initiative, Ministry of Micro, Small and Medium Enterprises is celebrating its iconic week, from February 28, 2022 to March 6, 2022. Key Facts Azadi ka Amrit Mahotsav is an initiative to celebrate ..

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PFRDA’s guaranteed return scheme

March 1, 2022

The Pension Fund Regulatory and Development Authority (PFRDA) is planning to launch a guaranteed return scheme called Minimum Assured Return Scheme (MARS). This scheme will be launched to provide people from salaried class an option for their investments. What is ..

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Second advance estimates of national income

March 1, 2022

National Statistical Office (NSO) under ‘Ministry of Statistics and Programme Implementation’ released the Second Advance Estimates (SAE) of National Income, 2021-22 and Quarterly Estimates of GDP for October-December quarter (Q3), 2021-22. Key facts In the year 2021-22, the Real GDP ..

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SEBI’s first woman Chairperson

March 1, 2022

On February 28, 2022, the government appointed Madhabi Puri Buch as the new chairperson of SEBI. Key Facts Madhabi Puri Buch is the first woman chairperson of the Securities and Exchange Board of India (SEBI). She was the former head ..

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