Page-14 of Economy & Banking Current Affairs

MEIL Wins 2,000 MW Sharavathi Pumped Storage Power Project

April 30, 2024

Megha Engineering and Infrastructure (MEIL), a Hyderabad-based infrastructure firm, has bagged the 2,000-megawatt Sharavathi pumped storage power project in Karnataka. The project, which is set to be the largest pump storage power generation unit in the country, is estimated to ..

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Telecom Industry Seeks Ban on Illegal WiFi 6E Routers

April 30, 2024

The Cellular Operators Association of India (COAI), representing major telecom players like Reliance Jio, Airtel, and Vodafone Idea, has urged the government to ban the sale of WiFi 6E routers that utilize the 6 GHz spectrum band for data transmission. ..

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RBI Proposes New Rules for Electronic Trading Platforms

April 30, 2024

The Reserve Bank of India (RBI) has proposed a revised regulatory framework for Electronic Trading Platforms (ETPs) in response to increased integration of the onshore forex market with offshore markets and requests from market makers to access offshore ETPs offering ..

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200 More Gati Shakti Cargo Terminals: Indian Railways

April 29, 2024

The Indian Railways plans to set up an additional 200 Gati Shakti Cargo Terminals (GCTs) to boost freight revenue, decongest rail networks, and enable faster passenger train movement. This expansion follows the successful implementation of the first 100 GCTs announced ..

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CII’s Corporate Governance Charter for Startups

April 29, 2024

The Confederation of Indian Industry (CII) launched a new Corporate Governance Charter for startups  to provide guidance on good governance practices tailored to the unique needs of startups at different stages of growth. About Corporate Governance Charter The Charter serves ..

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RBI Releases Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders

April 27, 2024

The Reserve Bank of India (RBI) has issued draft guidelines titled “Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders” to promote transparency in the digital lending space. The guidelines propose that Lending Service Providers (LSPs) should ..

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RBI Curbs on Kotak Bank

April 27, 2024

The Reserve Bank of India (RBI) directed Kotak Mahindra Bank to immediately stop onboarding new customers through online and mobile banking channels. The central bank also barred the private lender from issuing fresh credit cards, citing significant concerns observed during ..

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India Requires 8-10% Annual Growth to Harness Demographic Dividend: RBI’s Report

April 24, 2024

According to the recent report, the Indian economy must grow at a rate of 8-10% per annum over the next decade to reap the benefits of its demographic dividend. The RBI emphasizes that India’s developmental strategy for the coming decades ..

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