Page-19 of Business
India, Singapore sign second protocol amending CECA
India and Singapore have signed Second Protocol amending Comprehensive Economic Cooperation Agreement (CECA) in New Delhi. Its provisions will come into effect on 14th September, 2018. Second Protocol amending CECA It will help to boost bilateral trade between India and ..
Month: Current Affairs - August, 2018
Reliance Industries become first Indian company to cross Rs. 8 trillion market cap
Mukesh Ambani-led oil-to-telecom behemoth Reliance Industries Ltd (RIL) became first Indian company to cross Rs 8 lakh crore ($114 billion) market capitalisation. This record m-cap of RIL also bumped up Mukesh Ambani’s (India’s richest man) wealth to over $48 billion ..
Month: Current Affairs - August, 2018
Insurers to cover mental illness under medical insurance policy: IRDAI
Insurance Regulatory and Development Authority (IRDAI) has asked insurers to cover mental illness under medical insurance policy from immediate effect, treating it at par with physical illness. At present, insurers exclude mental illness from ambit of medical insurance policies. Key ..
Month: Current Affairs - August, 2018
Public sector banks to come out of PCA framework by end of 2018: Government
Union Government is expecting that public sector banks (PSBs) placed under RBI’s Prompt Corrective Action (PCA) framework will come out of it by the end of this year. As many as 11 out of 21 state-owned banks are currently under ..
Month: Current Affairs - August, 2018
Investment in P-notes hits 9-year low at Rs 80,341 crore
Investments through participatory notes (P-notes) into Indian capital markets- equity, debt, and derivatives have plunged to over nine-year low of Rs 80,341 crore till July 2018-end. This is the lowest level since April 2009 when the cumulative value of such ..
Month: Current Affairs - August, 2018
India to grow 7.2% in 2018-19 down from earlier projection of 7.4%: Ind-Ra Outlook
Rating agency India Ratings & Research (Ind-Ra) in its Mid-Year FY19 Outlook has revised down India’s growth to 7.2% from its earlier projection of 7.4% for 2018-19 (FY19). The downward revision comes as Indian economy to face headwinds from high ..
Month: Current Affairs - August, 2018
NPCI launches UPI 2.0 with overdraft facility
National Payments Corporation of India (NPCI) has launched UPI 2.0, an upgraded and renwed version of Unified Payments Interface (UPI) by adding four new features to make it attractive and safer for users. These new features will allow users to ..
Month: Current Affairs - August, 2018
Armed forces to grant permanent commission for women officers: PM
Prime Minister Narendra Modi during his addresses to the nation on occasion of 72nd Independence Day from Red Fort announced that permanent commission will be granted to serving women officers of armed forces. Henceforth, women officers who have been selected ..