What is ‘Juice Jacking’ that RBI warned about?

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 ..

Category: Economy & Banking Current Affairs

Financial Literacy Week (FLW) 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 ..

Category: Economy & Banking Current Affairs

Mauritius to amend India-Mauritius DTAA

Mauritius Government has decided to amend Double Taxation Avoidance Agreement (DTAA) with India in order to go with OECD’s proposal on Base Erosion and Profit Shifting. What is Double Taxation Avoidance Agreement (DTAA)? The Double Tax Avoidance Agreement (DTAA) is ..

Category: Economy & Banking Current Affairs

VinFast to set up EV plant in Tamil Nadu

Vietnam-based electric vehicle maker VinFast Auto Ltd commenced construction work for establishing a new integrated EV manufacturing unit at Thoothukudi in southern Tamil Nadu where the company has planned to invest ₹4000 crore, spread over 5 years. Ground Breaking Event ..

Category: Economy & Banking Current Affairs

Household Consumption Expenditure Survey (HCES) 2022-23

The Ministry of Statistics and Programme Implementation (MoSPI) recently released highlights of the latest nationwide Household Consumption Expenditure Survey (HCES) conducted during 2022-23 by the National Statistical Office. The Household Consumption Expenditure surveys are held in a gap of five ..

Category: Economy & Banking Current Affairs

Golden Jubilee of AMUL

In February 2024, Prime Minister Narendra Modi gave a call to make Amul dairy cooperative the number one dairy company worldwide while addressing a grand 50-year celebration event of the Gujarat Cooperative Milk Marketing Federation (GCMMF) which markets all Amul ..

Category: Economy & Banking Current Affairs

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

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 ..

Category: Economy & Banking Current Affairs

RBI Restricts BPSP Transactions over Compliance Fears

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 ..

Category: Economy & Banking Current Affairs