Page-4 of Economy & Banking Current Affairs

RBI Introduces Additional Factor Authentication for International Transactions

February 8, 2025

The Reserve Bank of India (RBI) has announced enhancement to the security of online payments. This new measure focuses on cross-border “Card Not Present” (CNP) transactions. The introduction of Additional Factor of Authentication (AFA) aims to ensure that international digital ..

Month: 

Category: 

Negotiated Dealing System-Order Matching (NDS-OM) Platform

February 8, 2025

The Reserve Bank of India (RBI) recently announced policy change. Non-bank brokers registered with the Securities and Exchange Board of India (Sebi) will now have access to the Negotiated Dealing System-Order Matching (NDS-OM) platform. This initiative aims to increase retail ..

Month: 

Category: 

RBI Repo Rate Cut

February 8, 2025

The Reserve Bank of India’s decision to cut the repo rate by 25 basis points to 6.25 per cent marks shift in monetary policy. This is the first reduction in nearly five years. The move is aimed at stimulating economic ..

Month: 

Category: 

Bank.in Domain

February 8, 2025

The Reserve Bank of India (RBI) has introduced the ‘bank.in’ internet domain to address increasing financial fraud cases in the country. This initiative was announced during a recent Monetary Policy Committee meeting led by newly appointed Governor Sanjay Malhotra. The ..

Month: 

Category: 

New Income Tax Bill

February 8, 2025

The New Income Tax Bill has been approved by the Union Cabinet led by Prime Minister Narendra Modi. This bill is set to replace the Income Tax Act of 1961. Its introduction is expected during the upcoming Budget session in ..

Month: 

Category: 

RBI’s Monetary Policy and Rate Cut Expectations

February 6, 2025

The Reserve Bank of India (RBI) is currently navigating a complex economic landscape. Recent analysis suggests that the RBI’s monetary policy committee (MPC) may not deliver the expected surprises in rate cuts. Historically, the RBI has often surprised the market ..

Month: 

Category: 

Import Duty Waiver on Life-Saving Drugs

February 6, 2025

The Union Budget 2025 introduced changes to import duties on life-saving drugs. The government has waived import duties on 36 essential medications and reduced it for an additional six. This initiative aims to make critical treatments more affordable for patients ..

Month: 

Category: 

Basalt Mining Begins at Deocha-Pachami

February 6, 2025

The West Bengal government is set to commence basalt mining on 326 acres at the Deocha-Pachami coal mine in Birbhum district. This initiative aligns with the Bengal Global Business Summit (BGBS). The project aims to attract investors while addressing local ..

Month: 

Category: