Page-16 of Economy & Banking Current Affairs

SEBI’s Proposed Framework for Undervalued Companies

April 20, 2024

The Securities and Exchange Board of India (SEBI) has proposed a framework for price discovery of shares of listed Investment Companies (ICs) and Investment Holding Companies (IHCs) whose market price is trading at a significant discount to their book value. ..

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Current Forex Reserves of India

April 20, 2024

According to the latest report released, India’s foreign exchange reserves fell by $5.4 billion to $643.16 billion. This decline comes after the reserves reached an all-time high of $648.56 billion, following a seven-week gaining streak. Breakdown of the Decline The ..

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Bharat BillPay Enables SBI NCMC Card Recharge

April 19, 2024

National Payments Corporation of India’s (NPCI) wholly-owned subsidiary NPCI Bharat BillPay Limited (NBBL) has partnered with State Bank of India (SBI) to enable online recharge of SBI’s National Common Mobility Cards (NCMC) through the Bharat BillPay platform. This move aims ..

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Kerala to introduce SOPs under One Health initiative

April 18, 2024

The Kerala Health Department is set to introduce detailed standard operating procedures (SOPs) for the outbreak investigation and control of at least eight infectious diseases as part of its One Health initiative. This marks the first time that such comprehensive ..

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PayTM approved by NPCI for User Bank Migration

April 18, 2024

Paytm has received approval from the National Payments Corporation of India (NPCI) to migrate its users to other banks for Unified Payments Interface (UPI) based payment services. The company has completed its integration with four major banks – State Bank ..

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India’s Rising Pulses Imports

April 18, 2024

India, despite being a major producer and consumer of pulses, has seen a significant increase in pulses imports in the 2023-24 fiscal year. Imports have nearly doubled to USD 3.74 billion, with shipments have surpassed 45 lakh tonnes, compared to ..

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India Developing Indigenous High-Speed Bullet Trains

April 17, 2024

India has begun developing an indigenous bullet train that will surpass speeds of 250 kilometres per hour (kmph), making it faster than any existing train on the Indian Railways network. About Vande Bharat Platform In the global context, high-speed trains ..

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CBDT Signs Record Number of 125 Advance Pricing Agreements in FY24

April 17, 2024

The Central Board of Direct Taxes (CBDT) has achieved a significant milestone by entering into a record number of 125 Advance Pricing Agreements (APAs) with Indian taxpayers in the financial year 2023-24. This includes 86 Unilateral APAs (UAPAs) and 39 ..

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