Page-20 of Economy & Banking Current Affairs

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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NABARD Launches Climate Strategy 2030 for Green Financing

April 24, 2024

The National Bank for Agriculture and Rural Development (NABARD) unveiled its Climate Strategy 2030 document on Earth Day to address India’s growing need for green financing. The strategy aims to mobilize resources for climate change mitigation, adaptation, and resilience projects ..

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Atul Goel Panel to Finalize List of OTC Drugs for Sale at General Stores

April 23, 2024

Government has set up a three-member committee of gynecologists to finalize a list of over-the-counter (OTC) drugs that will be available for sale at general stores without the need for a prescription. The committee, chaired by the Directorate General of ..

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Government allies With SBI Card and Telcos to Tackle OTP Frauds

April 23, 2024

The Government of India, in collaboration with SBI Cards and Payment Services Ltd (SBI Card) and telecom operators, is developing an innovative solution to combat the growing threat of cyber fraud and phishing attacks involving stolen one-time passwords (OTPs). The ..

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Centre Seeks Supreme Court’s Clarification on Administrative Allocation of Spectrum

April 23, 2024

The Union government has approached the Supreme Court seeking clarification on whether it can allocate certain classes of spectrum through administrative process, rather than competitive auctions. The government argues that administrative allocation may be necessary in certain situations to address ..

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India’s Jewellery Exports Surge in FY24

April 23, 2024

India’s jewellery exports, particularly plain gold jewellery, experienced significant growth in the 2023-24 financial year (FY24) despite various challenges faced by the industry. The Gems & Jewellery Export Promotion Council (GJEPC) reported a 61.72% increase in plain gold jewellery exports, ..

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What is Project Nimbus?

April 23, 2024

The technology giant Google has recently made headlines due to its handling of employee protests against Project Nimbus, a lucrative cloud computing contract with the Israeli government. In April 2024, Google fired 20 employees, adding to the previously dismissed 28 ..

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Ethylene Oxide Contamination in Indian Spice Brands

April 22, 2024

Recently, the reports emerged from Hong Kong’s Centre for Food Safety (CFS) and the Singapore Food Agency (SFA) indicating the detection of ethylene oxide, a known carcinogen, in several Indian spice products. Ethylene oxide has been classified by the International ..

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