Page-29 of Economy & Banking Current Affairs

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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Space Debris Threat to Earth’s Defenses

April 20, 2024

As the number of satellites in Earth’s orbit continues to grow at an unprecedented rate, experts are raising concerns about the potential impact of space debris on the planet’s magnetic field and atmosphere. The Growing Problem of Space Debris Current ..

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SEBI’s Proposed Framework for Undervalued Companies

April 20, 2024

The Securities and Exchange Board of India (SEBI) has proposed a framework for price discovery of shares of listed Investment Companies (ICs) and Investment Holding Companies (IHCs) whose market price is trading at a significant discount to their book value. ..

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Current Forex Reserves of India

April 20, 2024

According to the latest report released, India’s foreign exchange reserves fell by $5.4 billion to $643.16 billion. This decline comes after the reserves reached an all-time high of $648.56 billion, following a seven-week gaining streak. Breakdown of the Decline The ..

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Bharat BillPay Enables SBI NCMC Card Recharge

April 19, 2024

National Payments Corporation of India’s (NPCI) wholly-owned subsidiary NPCI Bharat BillPay Limited (NBBL) has partnered with State Bank of India (SBI) to enable online recharge of SBI’s National Common Mobility Cards (NCMC) through the Bharat BillPay platform. This move aims ..

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Kerala to introduce SOPs under One Health initiative

April 18, 2024

The Kerala Health Department is set to introduce detailed standard operating procedures (SOPs) for the outbreak investigation and control of at least eight infectious diseases as part of its One Health initiative. This marks the first time that such comprehensive ..

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