Page-58 of Economy & Banking Current Affairs

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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Tumarkuru Industrial Township: South India’s First Industrial Corridor Project

February 8, 2023

In 2021, PM Modi launched the Gati Shakti Scheme. The main objective of the scheme is to implement an infrastructure pipeline in the country. Under this, the GoI planned on developing 11 industrial corridors and two defence corridors. Accordingly, PM ..

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National Level Digital Extension Platform

February 7, 2023

The Extension workers are those people who are involved in the education programmes in a field. In the agriculture, horticulture, animal husbandry, or poultry sector, the extension workers teach farmers on new farming techniques, and strategies to increase their income. ..

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Telangana Budget 2023-Highlights

February 7, 2023

The Finance Minister of Telangana Mr Harish Rao recently presented the budget for the state. The highlights of the budget are as follows: The Government of Telangana allocated Rs 200 crores for the KCR Nutrition kit Rs 3001 crores for ..

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SEBI releases Operational Guidelines on Green Bonds

February 7, 2023

Greenwashing is a strategy used by marketing companies to make fraudulent, misleading, and false claims that their products are environmentally friendly. To protect consumers from Greenwashing, the Securities and Exchange Board of India released operational guidelines for green bonds. The ..

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