Page-26 of Economy & Banking Current Affairs
RBI Releases Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders
The Reserve Bank of India (RBI) has issued draft guidelines titled “Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders” to promote transparency in the digital lending space. The guidelines propose that Lending Service Providers (LSPs) should ..
Month: Current Affairs - April, 2024
Category: Economy & Banking Current Affairs
RBI Curbs on Kotak Bank
The Reserve Bank of India (RBI) directed Kotak Mahindra Bank to immediately stop onboarding new customers through online and mobile banking channels. The central bank also barred the private lender from issuing fresh credit cards, citing significant concerns observed during ..
Month: Current Affairs - April, 2024
Category: Economy & Banking Current Affairs
India Requires 8-10% Annual Growth to Harness Demographic Dividend: RBI’s Report
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 ..
Month: Current Affairs - April, 2024
Category: Economy & Banking Current Affairs
NABARD Launches Climate Strategy 2030 for Green Financing
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 ..
Month: Current Affairs - April, 2024
Category: Economy & Banking Current Affairs
Atul Goel Panel to Finalize List of OTC Drugs for Sale at General Stores
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 ..
Month: Current Affairs - April, 2024
Category: Economy & Banking Current Affairs
Government allies With SBI Card and Telcos to Tackle OTP Frauds
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 ..
Month: Current Affairs - April, 2024
Category: Economy & Banking Current Affairs
Centre Seeks Supreme Court’s Clarification on Administrative Allocation of Spectrum
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 ..
Month: Current Affairs - April, 2024
Category: Economy & Banking Current Affairs
India’s Jewellery Exports Surge in FY24
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, ..
Month: Current Affairs - April, 2024
Category: Economy & Banking Current Affairs