Page-8 of Economy & Banking Current Affairs

ADB to build 400 MW Solar Power Plant in Gujarat

July 5, 2024

Asian Development Bank (ADB) has made a major financial move to support renewable energy by giving the ENGIE group a Rs 1,460 crore loan. Using this money, a 400-megawatt solar photovoltaic power plant will be built in Surendranagar, Gujarat. This ..

Month: 

Category: 

Bharat Bill Payment System

July 4, 2024

From July 1, all credit card payments made through third-party apps must go through the Bharat Bill Payment System (BBPS), which is what the Reserve Bank of India (RBI) wants. People with credit cards from big Indian banks will be ..

Month: 

Category: 

Tata Leads as India’s Most Valuable Brand, Grows 9%

July 2, 2024

Tata Group is still India’s most valuable brand, with a value of US$ 28.6 billion, which is 9% more than the previous year. With this kind of progress, Tata is almost ready to become the first Indian brand to be ..

Month: 

Category: 

What is Project Nexus by RBI?

July 2, 2024

The Reserve Bank of India (RBI) has joined Project Nexus, a worldwide effort to make it easier for people to send money instantly across borders. To do this, Fast Payment Systems (FPSs) in different countries are linked together. In this ..

Month: 

Category: 

India Tops Global Remittance with $125 Billion in 2023

June 29, 2024

In 2023, India achieved the highest record of remittance inflows globally, amassing USD 125 billion. Strategic economic deals and strong job markets in other countries, especially in the US, UK, and Singapore, were the main things that caused this rise. ..

Month: 

Category: 

World Bank Grants $1.5 Billion for India’s Green Energy Push

June 29, 2024

The World Bank has agreed to lend India $1.5 billion to help it move toward a low-carbon energy future. This strategic funding will help create green hydrogen and electrolyzers and make it easier for the country to use renewable energy. ..

Month: 

Category: 

RBI Revises SAARC Currency Swap Framework for 2024-2027

June 28, 2024

A new system for currency swaps between SAARC countries has been set up, covering the years 2024–2027. This is a big update from the Reserve Bank of India (RBI). This project is meant to help the member countries of the ..

Month: 

Category: 

What is e-Rupee, India’s Digital Currency?

June 27, 2024

The number of deals involving India’s digital currency, the e-Rupee, has dropped sharply, falling to a tenth of what it was in December. At the end of last year, there were 1 million retail sales every day. Now, there are ..

Month: 

Category: