Page-22 of Economy & Banking Current Affairs

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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Indians Permitted to Hedge Gold Price Risk Overseas Markets

April 16, 2024

Reserve Bank of India (RBI) has allowed Indian residents to hedge their gold price risk on recognised exchanges in the International Financial Services Centre (IFSC). Governor Shaktikanta Das announced the decision during the Monetary Policy Committee (MPC) meeting where the ..

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Government to Establish Cotton Test Labs in 6 States for Kasturi Cotton

April 15, 2024

The central government is planning to establish dedicated testing labs for high-grade Kasturi cotton in six states as part of a push to promote the Indian cotton brand globally. Currently, the certification of Kasturi cotton is conducted through a limited ..

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UPI Rule Change: Money in PPI Wallets Can Be Spent Using Any UPI

April 13, 2024

Unified Payments Interface (UPI) and wallets have become an integral part of our daily lives in recent years, thanks to the efforts of companies like Paytm, PhonePe, and Amazon. However, users have often complained about the limitation of using wallet ..

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 HDFC Bank opens branch in Lakshadweep’s Kavaratti Island

April 11, 2024

HDFC Bank has become the first private sector bank to establish a branch in Kavaratti Island, part of the Union Territory of Lakshadweep. The bank aims to improve banking infrastructure in the region by offering a variety of services, with ..

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SWAMIH Fund Helps in Completion of 28,000 Homes Since 2019

April 9, 2024

The Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund, backed by the central government, has played a crucial role in the completion of over 28,000 homes since its inception in 2019. The fund, managed by SBICap Ventures Ltd, has ..

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