Page-29 of Finance
MIDC inks MoU with SIDBI to raise Rs 200-crore fund for MSMEs
Maharashtra Industrial Development Corporation (MIDC) has inked memorandum of understanding (MoU) with state-run Small Industries Development Bank of India (SIDBI) to provide easy finance to micro, small and medium enterprises (MSMEs) for their growth. The MoU was signed Ananta P ..
Month: Current Affairs - May, 2015
Ashu Suyash appointed as Managing Director and Chief Executive Officer of CRISIL
Ashu Suyash has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) of Credit Rating Information Services of India Limited (CRISIL). She will succeed Roopa Kudva, who had been the MD & CEO at Crisil since 2007. Suyash’s ..
Month: Current Affairs - March, 2015
Regional Rural Banks
The nationalization of the banks in 1969 boosted the confidence of the public in the Banking system of the country. However, in the early 1970s, there was a feeling that even after nationalization, there were cultural issues which made it ..
Gujarat tops in e-transactions
Gujarat has become first state in to surpass the 1 billion mark in e-Transactions and to achieve landmark of 100 crore e-Transactions. It was revealed by e-Transaction Aggregation and Analysis – ‘eTaal’, a National e-services Dashboard portal created by the ..
Month: Current Affairs - December, 2014
RBI releases final guidelines for the Bharat Bill Payment System (BBPS)
Reserve Bank of India issued the final guidelines for the Bharat Bill Payment System (BBPS). It is an integrated bill payment system offering inter-operable and accessible bill payment service to customers through a network of agents, enabling multiple payment modes, ..
Month: Current Affairs - November, 2014
Government revises target of opening of accounts under PMJDY
Government has revised the target for opening of accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) from 7.5 crore to10 crore by 26th January, 2015. It was announced by Finance Ministry in order to open one account bank account for ..
Month: Current Affairs - November, 2014
Government approves revival of 7 sick central PSU’s
The government has approved revival of 7 sick central PSUs through disinvestment or joint venture route. These companies have been chosen for revival based on the recommendations of Board for Reconstruction of Public Sector Enterprises (BRPSE). The sick CPSEs which will ..
Month: Current Affairs - November, 2014
Government launches Swachh Bharat Kosh
Government recently launched the ‘Swachh Bharat Kosh’- a fund that will be utilised to build toilets in schools, rural and urban areas to achieve the objective of cleanliness across the country. It will seek to attract donations under Corporate Social ..