Page-71 of Economy & Banking Current Affairs

FIRSTAP – India’s First Sticker-based Debit Card

November 24, 2022

IDFC First Bank, in association with the National Payments Corporation of India (NPCI), recently launched FIRSTAP – India’s first sticker-based debit card. What is a sticker-based debit card? A sticker-based debit card allows the user to make transactions by simply ..

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The Collapse of FTX Cryptocurrency Exchanges

November 24, 2022

The FTX – one of the world’s largest cryptocurrency exchanges – collapsed. Its founder, Sam Bankman-Fried’s fortune fell from nearly 16 billion USD to zero within days after his company filed bankruptcy protection in the United States in November 11. ..

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OECD India FY23 GDP Forecast

November 23, 2022

The Organisation for Economic Co-operation and Development (OECD) recently slashed India’s GDP forecast for the current financial year (FY2023) from 6.9 per cent to 6.6 per cent in its latest economic outlook report. What are key findings of the report? ..

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India-Australia Trade Pact

November 23, 2022

The Australian Parliament recently approved the free trade agreement with India. In India, such agreements require approval from the Union Cabinet. What is AI-ECTA? The Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) was signed by the two countries on April ..

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Framework to Protect Consumers from Fake, Deceptive Reviews in E-Commerce

November 22, 2022

The Indian Government has unveiled a framework to set standards for publishing product reviews on e-commerce sites. The standards will be applicable from November 25. What are the key features of the framework? The new standards will initially be voluntary. ..

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SEBI Framework for Online Bond Platform Providers (OBPPs)

November 16, 2022

Securities and Exchange Board of India (SEBI) has released a regulatory framework for the online bond platform providers (OBPPs) to streamline their operations. What are the key features of the Framework for Online Bond Platform Providers? Online bond platform is ..

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FAO: World Food Import Bill at All-Time High

November 15, 2022

According to the biannual Food Outlook report released by the Food and Agriculture Organization (FAO), the year 2022 is expected to witness the world’s food import bill reaching an all-time high. What did the recent Food Outlook report predict? Food ..

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India’s First MMLP

November 14, 2022

Reliance Industries Limited (RIL) is going to develop India’s first multi-modal logistics park (MMLP) near Chennai, Tamil Nadu. About the project The Union Ministry of Road Transport and Highways (MoRTH) had awarded RIL the contract to set up India’s first ..

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BHIM App open-source license model

November 11, 2022

BHIM App open-source license model was announced by the National Payments Corporation of India (NPCI). What is BHIM App open-source license model? Under the BHIM App open-source license model, regulated entities in the UPI ecosystem can get license for accessing ..

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Pakistan to Implement Interest-free Banking System

November 11, 2022

The Pakistan Government is planning to implement an interest-free banking system in the country from 2027 under the Islamic law. What is interest-free banking system? The concept of interest free banking system is derived from the Islamic form of banking. ..

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