Page-27 of Economy & Banking Current Affairs

Japan Commits Rs 12,800 Crore Loan to Finance Indian Projects

February 21, 2024

On February 21st, 2024, Japan’s government signed a yen loan agreement worth 232.209 billion yen, approximately Rs 12,800 crore, with India to fund development across nine crucial infrastructure and innovation promotion projects that aim to strengthen bilateral economic ties. Key ..

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RBI Restricts BPSP Transactions over Compliance Fears

February 16, 2024

The Reserve Bank of India (RBI) has recently directed prominent card networks like Visa and Mastercard to immediately stop enabling commercial transactions by a class of entities called Business Payment Solution Providers (BPSPs) until merchant compliance issues are addressed. RBI ..

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Bima Sugam – India’s Insurance E-Marketplace

February 14, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has issued draft regulations to establish Bima Sugam as a not-for-profit entity to serve as an online insurance marketplace catering to all stakeholders. Objective By promoting transparency and collaboration, Bima Sugam ..

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Maia-Sultanganj Port Trial

February 13, 2024

The first trial movement of vessels carrying stone aggregates was flagged off recently on the Maia-Aricha route, connecting Maia Port in India to Sultanganj Port in Bangladesh. The Bangladesh flag vessel MV Desh Bangla, carrying stone aggregates, was flagged off ..

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India Plans Development of Six Mega Ports by 2047

February 12, 2024

In a recent policy update, the Ministry of Ports, Shipping and Waterways outlined ambitious plans for six coastal mega ports by 2047, in line with the Maritime India Vision. The policy underscores expanding economic and strategic interests in the Indian ..

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Sovereign Gold Bond Scheme 2023-24 Series IV Opens for Subscription

February 12, 2024

The Reserve Bank of India (RBI) has announced the opening of the next tranche of Sovereign Gold Bond Scheme 2023-24 – Series IV. The bonds will be open for subscription from February 12 to February 16, 2023. The issue price ..

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National Common Mobility Card

February 12, 2024

The National Common Mobility Card (NCMC) was launched in 2019 by the Ministry of Housing and Urban Affairs of the Government of India, as part of the ‘One Nation, One Card’ initiative. It aims to streamline public transport payments and ..

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India Launches UPI Payment Services in Sri Lanka and Mauritius

February 12, 2024

India launched UPI payment services in Sri Lanka and Mauritius during a virtual ceremony attended by PM Modi and the top leadership of the two nations. The move enables UPI settlement services for Indian nationals travelling to these countries and ..

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