Page-37 of Finance
GePG: The E-payment gateway for retired govt staff
Indian Government’s official account-keeper, the Controller General of Accounts (CGA) has developed a fully secured e-payment gateway for direct credit of dues into the accounts of beneficiaries using digitally signed electronic advice through the new system. Apart from revolutionizing payments ..
Month: Current Affairs - December, 2011
Category: Government Schemes Current Affairs
Government to Provide Fresh Equity to SBI
After the rating of SBI were downgraded by Moody’s citing rising stress on the loan portfolio and capital constraints. The Government of India is set to provide funds to the largest public sector Bank of India. The Government says that ..
Month: Current Affairs - December, 2011
Property transaction Norms for NRIs, eased by RBI
The Reserve Bank of India (RBI) recently allowed Indians who have non-resident accounts in India to hold them in any currency which is fully convertible. This decision by RBI is likely to assist NRIs/PIOs (Persons of Indian Origin) as it ..
Month: Current Affairs - December, 2011
Indian Companies can now acquire assets abroad
Recently the cabinet approved a policy to enable profit making state-run firms to acquire assets oversees. The new policy also seeks to enhance the power of Maharatna and Navartna companies and provide greater autonomy for acquiring raw material assets abroad. ..
Month: Current Affairs - December, 2011
Rajasthan: Web based Social Security Pension System launched
A web based Social Security Pension System launched by the Rajasthan Govt at Jaipur. It is an e-Governance initiative for efficient and timely payout of pension and in turn would speed up the entire procedure from approval to disbursement of ..
Month: Current Affairs - December, 2011
Category: Government Schemes Current Affairs
Currency Exchange Rate Oversight Reform Act of 2011
Currency Exchange Rate Oversight Reform Act of 2011 Recently, the US Senate voted to advance a Bill pressuring China to prevent undervaluing its currency. The Senate voted in favour of the proposed Currency Exchange Rate Oversight Reform Act of 2011. ..
Month: Current Affairs - December, 2011
Implications of Falling Rupee
The Rupee was on its lowest point in 2 years after September 2009. The sustained fall is not only bad news for importers but is also fuelling inflation, pushing up prices of fuel and other commodities. The Falling Rupee is ..
Month: Current Affairs - November, 2011
Farmers actually pay 14% on subsidized 7% loans: NABARD Study
In the Union Budget 2006-07, the Indian Finance Minister had announced the subsidized 7% loan for farmers. A recent study by NABARD says that it actually translates into a 14% rate according to a study conducted by Nabard. However, n ..