Page-18 of Economy & Banking Current Affairs

RBI Scrutinizes Gold Loan Norms To Tighten Grip

May 20, 2024

The Reserve Bank of India (RBI) made it harder for Non-Banking Financial Companies (NBFCs) to do business by telling them in March that they had to follow the rules for gold loans carefully. As a result of breaking these rules, ..

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EPFO Introduces Auto-Mode for Education, Marriage Claims

May 16, 2024

The Employees’ Provident Fund Organization (EPFO) has made it easier to settle claims for loans used for things like schooling, marriage, and housing by adding an “auto-mode settlement” process. By streamlining the process and reducing the need for human input, ..

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New AIS Feature Enhances Income Tax Confirmation Process

May 15, 2024

The Annual Information Statement (AIS) now has a useful feature added by the Income Tax Department that lets taxpayers see the confirmation state of their financial data. The goal of this change is to make tax filing more open and ..

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India’s April Retail Inflation Eases Marginally to 4.83%

May 15, 2024

The Consumer Price Index (CPI) showed that retail inflation in India slowed down a bit in April. The rate went down a little from 4.85% in March to 4.83%, according to the National Statistical Office. Some of this small drop ..

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TCS Launches AI Center of Excellence in Paris

May 14, 2024

Tata Consultancy Services Ltd (TCS), India’s largest IT services exporter, has announced plans to establish a unique ‘human-centric’ artificial intelligence (AI) Centre of Excellence (CoE) in Paris. The announcement is as per strategic expansion of TCS into European markets, focusing ..

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PM Gati Shakti Boosts Social Security, Expands Health Infrastructure

May 13, 2024

Recently, the Ministry of Labour and Employment joined the PM Gati Shakti site. Strengthening health infrastructure and social security measures in industrial places and Special Economic Zones (SEZs) is the main goal. According to Sumita Dawra, secretary of the ministry, ..

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ICMR Warns: Packaged Food Labels May Mislead Consumers

May 12, 2024

The Indian Council of Medical Research (ICMR), through its Hyderabad-based National Institute of Nutrition (NIN) has recently highlighted potential misleading claims on packaged food labels. The ICMR’s dietary guidelines issued in May 2024 warn consumers that labels designed to attract ..

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India’s Spice Board Issues New EtO Contamination Guidelines

May 11, 2024

The Spices Board of India has recently issued detailed guidelines to tackle the problem of ethylene oxide (EtO) contamination in spices exported from India. This action was prompted by the bans imposed by Hong Kong and Singapore on the sale ..

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