Page-50 of Economy & Banking Current Affairs

QR Code-based Coin Vending Machine

February 9, 2023

The machine was launched by the Reserve Bank of India. The apex bank finalized its decision of launching the machine during its recently held MPC meeting. The QR code is being introduced as fake currency notes are increasing in coin ..

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PhonePe launches cross-border transaction facility

February 8, 2023

The Phone Pe app was developed based on Unified Payments Interface. It is now owned by Flipkart (A subsidiary of a US Company called Walmart). The headquarters of Phone Pe is in Bengaluru. The app is available in eleven Indian ..

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Agri Ministry plans new certification system for organic cotton, derivatives

February 8, 2023

Several organizations in the country have been demanding an “Indian Standard for Organic Textiles”. Without a proper standard, the textiles made of organic cotton stay unprotected. Meaning, the exporter or the seller is unable to prove that the textile is ..

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Google introduces Chat-GPT rival Bard

February 8, 2023

Microsoft launched Chat-GPT in November 2022. Technologists believe that Chat GPT is well advanced and might kill Google’s business. In just five days, the number of ChatGPT users increased to one million. To counter the chat GPT, Google recently launched ..

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SEBI launches Mechanism to curb market abuse

February 8, 2023

The Reserve Bank of India defines Market Abuse as misuse of information, benchmark manipulation, and market manipulation. Today there are no regulations to monitor and control market abuse in the country. Therefore, SEBI has stepped in and launched a mechanism ..

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India MoU with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council

February 8, 2023

The Growth Triangle Joint Business Council was created by Indonesia, Thailand, and Malaysia in 1993. The main objective of the council is to boost private investments in MSMEs. During the G20 Energy Transitions Working Group meeting held in Bengaluru, India ..

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RBI Monetary Policy Updates

February 8, 2023

The Monetary Policy Committee of RBI meets four times a year. The committee recently held its meeting on February 8,  2023. This is the first meeting since Finance Minister Nirmala Sitaraman presented her budget. The committee has four members. During ..

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Framework to implement Vivad Se Vishwas-I

February 8, 2023

During COVID, the GoI had collected a forfeited amount. Forfeited means the loss of something. When someone fails to pay the money he owes, forfeiture occurs. GoI collected forfeited amounts (something like a fine) from companies that failed to oblige ..

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