Page-20 of Economy & Banking Current Affairs

RBI Approves Interoperable Net Banking Payments for Merchants

March 5, 2024

The Reserve Bank of India (RBI) has given the nod for implementing an interoperable payment system for internet banking transactions. This move is expected to streamline the digital payments ecosystem in India, making it easier for customers to pay businesses ..

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Moody’s Raises India’s GDP Growth Forecast for 2024

March 5, 2024

Recently, Moody’s, a prominent global credit rating agency, revised its forecast for India’s GDP growth in 2024 upwards from 6.1% to 6.8%. The agency’s decision reflects both global and domestic optimism in the country’s economy, driven by robust manufacturing activity ..

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Paytm cuts Ties with Payments Bank Arm 

March 2, 2024

On March 1, fintech leader Paytm announced steps to sever certain operating agreements between its parent entity One97 Communications and the group’s payments bank arm Paytm Payments Bank (PPBL). As part of governance changes, the two firms will function with ..

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India’s February GST Revenue Rises 12.5%

March 2, 2024

On March 2nd, official data revealed India’s Goods and Services Tax (GST) gross revenue collection for February 2023 rose sharply by 12.54% year-on-year to cross ₹1.68 lakh crore. This marks both – the third highest monthly receipts from the indirect ..

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NSO Revises India’s GDP Growth Estimates

March 1, 2024

On March 1st, the National Statistical Office (NSO) updated India’s real GDP outlook for the current and previous two fiscal years. The revisions reflect data from the first advance estimates that incorporate latest production trends across sectors. Upward Revision for ..

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Reliance and Disney Form Joint Venture

February 29, 2024

On February 29th 2024, Reliance Industries Ltd (RIL), Viacom18 Media Pvt Ltd and The Walt Disney Company signed agreements to create one of India’s largest TV and streaming firms. The joint venture merges Viacom18 with Disney’s Star India to target ..

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What is ‘Juice Jacking’ that RBI warned about?

February 28, 2024

The Reserve Bank of India (RBI) has recently cautioned mobile phone users about the potential fraud risks from “juice jacking”, a cyberattack vector, if they charge their devices through USB ports available in public spaces. With growing reports of hackers ..

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Financial Literacy Week (FLW) 2024

February 27, 2024

The Reserve Bank of India, India’s Central bank, is observing the Financial Literacy Week (FLW) 2024 from February 26 to March 1, 2024 on the theme “Make a Right Start – Become Financially Smart”. Objective Financial Inclusion and Education are ..

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