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Government notifies Banking Regulation (Amendment) Act, 2017
The Union Government has notified the Banking Regulation (Amendment) Act, 2017. The Parliament had approved the Banking Regulation (Amendment) Bill, 2017 which replaced an ordinance in this regard. It amended the Banking Regulation Act, 1949 by adding provisions for handling ..
Month: Current Affairs - August, 2017
The Institute of Chartered Accountants of India (ICAI) signs MoU with Nepal on mutual co-operation
The Institute of Chartered Accountants of India (ICAI) has recently signed the Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of Nepal (ICAN) to establish mutual co-operation for the advancement of accounting knowledge, professional and intellectual development, advancing ..
The Karnataka government ties up with Microsoft to develop India’s first Farm Price Forecasting Model
The Karnataka Government has signed a Memorandum of Understanding (MoU) with software giant Microsoft India to develop a unique “farm price forecasting model” using latest IT tools in a bid to help farmers, administrators and other stakeholders to understand the ..
17th meeting of FSDC held in New Delhi
The seventeenth Meeting of the Financial Stability and Development Council (FSDC) was held in New Delhi under the Chairmanship of the Union Minister of Finance Arun Jaitley. The meeting was attended by RBI Governor Dr. Urjit R. Patel, SEBI chairman, ..
Month: Current Affairs - August, 2017
CCEA approves procedure and mechanism for Strategic Disinvestment
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved revision in the procedure and mechanism for strategic disinvestment. In this regard, the proposal was forwarded by the Department of Investment and public Asset ..
Month: Current Affairs - August, 2017
Sankara Rao appointed as new MD & CEO of India Infrastructure Finance Company Limited (IIFCL)
Sankara Rao has been appointed as the new Managing Director & Chief Executive Officer (CEO) of the India Infrastructure Finance Company Limited (IIFCL). According to an order issued by the Department of Personnel and Training (DoPT), the Appointments Committee of ..
Odisha government launched Facebook’s ‘She Means Business’ programme to train women entrepreneurs
Naveen Patnaik, the Chief Minister of Odisha, has recently launched Facebook’s ‘She Means Business’ programme in Bhubaneswar to train women entrepreneurs in the state. For this, Facebook has partnered the Odisha’s MSME department and Project Mission Shakti to train 25,000 ..
Economic Survey 2016-17 Volume II: Agriculture and Food Management Reforms Measures
The Economic Survey 2016-17 Volume II released recently has taken into consideration various challenges faced by the Agriculture sector in India. It has suggested multi-dimensional Agricultural and Food Management Reforms Measures. Challenges Small Operational Land Holdings: The average farm size ..
Month: Current Affairs - August, 2017
IIP output contracts 0.1% in June 2017
India’s factory output, measured by the Index of Industrial Production (IIP) has registered negative 0.1% growth in June 2017. It was mainly due to a fall in output of the manufacturing and capital goods sectors. According to data released by ..
Month: Current Affairs - August, 2017
MCX gets SEBI approval to launch India’s first gold options contract
Commodity derivatives bourse Multi Commodity Exchange Ltd (MCX) has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to launch India’s first gold options contract. The gold futures contract will have bi-monthly duration. The option will also have ..