Page-19 of Current Affairs - August, 2018
Central Board of RBI: Centre appoints Swaminathan Gurumurthy and Satish Marathe as non-official directors
Appointments Committee of Cabinet (ACC) has approved appointment of Chartered Accountant Swaminathan Gurumurthy and businessman Satish Kashinath Marathe as another non-official director on Central Board of Reserve Bank of India (RBI). They have been appointed for period of four years. ..
Month: Current Affairs - August, 2018
RBI to pay Rs. 50,000 crore dividend to Government for FY18
The Reserve Bank of India (RBI) has transferred surplus (dividend) of Rs. 50,000 crore to Government for year ended in June 2018, over 63% more than Rs 30,659 crore which it transferred in 2017. Significance of Surplus RBI surplus forms ..
Month: Current Affairs - August, 2018
NITI Aayog and CII launch partnership on SDGs
The NITI Aayog and Confederation of Indian Industry (CII) have signed Memorandum of Understanding (MoU) on Sustainable Development Goals (SDGs) and entered into three-year partnership. The MoU was signed during Government and Business Partnership Conclave held in New Delhi. This ..
Month: Current Affairs - August, 2018
Government launches Niryat Mitra mobile app
Union Ministry of Commerce and Industry has launched Niryat Mitra mobile application for exporters and importers of the country. The app developed by Federation of Indian Export Organisations (FIEO), the largest exporters organisation of the country. It is available both ..
Month: Current Affairs - August, 2018
MOPAD: SBI launches unified payment terminal
India’s largest bank State Bank of India (SBI) has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments convenience of merchants and consumers. It aims at providing digital convenience to customers and ease of doing business for merchants ..
Month: Current Affairs - August, 2018
AIIA inks MoU IIT Delhi to boost research in traditional medicine
All India Institute of Ayurveda (AIIA), a premier institute of Ayurveda under the AYUSH Ministry has signed Memorandum of Understanding (MoU) with IIT Delhi to boost research in traditional medicine and streamline hospital care facilities in the country. Key Facts ..
Month: Current Affairs - August, 2018
Pradhan Mantri Krishi Sinchayee Yojana: Government, NABARD and NWDA ink revised MoA for 99 projects
Union Government, NABARD and National Water Development Agency (NWDA) have signed revised Memorandum of Agreement (MoA) for funding of central share of 99 prioritized irrigation projects under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) through Long Term Irrigation Fund (LTIF). Key ..
Month: Current Affairs - August, 2018
Government sets up GoM headed by Suresh Prabhu to decide on RCEP talks
Union Government has constituted four-member Group of Ministers (GoM) headed by Union Minister of Commerce and Industry Suresh Prabhu to decide on 16-member Regional Comprehensive Economic Partnership (RCEP) negotiations. It was constituted to advise Prime Minister on whether to continue ..
Month: Current Affairs - August, 2018
Restricted Area Permit eased for foreigners visiting 29 Andaman and Nicobar Islands
The Union Home Ministry has excluded 29 inhabited islands in Andaman and Nicobar from Restricted Area Permit (RAP) regime under the Foreigners (Restricted Areas) Order, 1963 till December 2022. This decision aims to increase footfalls and promote tourism. Government is ..
Month: Current Affairs - August, 2018
Government raises import duty on 328 textile products to curb imports
Government has doubled import duties on 328 textile products to 20% from existing rate of 10% under Section 159 of the Customs Act, 1962. Earlier in July 2018, Government had doubled import duty on over 50 textile products — including ..