Banking Awareness 10th February 2017 | Financial Affairs 10th February 2017

1. House of Commons passes Brexit Bill

The British government is on track to trigger the Brexit process by the end of March, after the legislation authorising the government to start negotiations passed through the House of Commons on 8th Feb 2017 without any amendments.

2. SEBI to form panel to facilitate crowdfunding

• The Securities Exchange Board of India (SEBI) is forming an advisory committee on financial technology or fintech related issues.
• It would look at safeguards that can be put in place to facilitate crowdfunding of ‘genuine’ ventures and mobilise more household savings into the financial markets.

3. HCL and HEC Sign MoU

Shri K.D Diwan, CMD, Hindustan Copper Limited signed a Memorandum of Understanding with Shri Avjit Ghosh, CMD, Heavy Engineering Corporation Limited, for the supply of spare parts of the for mining and concentrator plant equipment’s.

4. India Will Be World’s Fastest Growing Economy In 5 Years: Report

India will be the world’s fastest growing economy during the next five years, a top US intelligence think-tank has said while underlining that Pakistan, unable to match India’s economic prowess, will seek “other methods” to maintain even a semblance of balance.

5. Cabinet approves PMGDISHA

• The Union Cabinet has approved ‘Pradhan Mantri Gramin Digital Saksharta Abhiyan’ (PMGDISHA) to make 6 crore rural households digitally literate.
• The outlay for this project is Rs. 2,351.38 crores to usher in digital literacy in rural India by March,2019.
• PMGDISHA is expected to be one of the largest digital literacy programme’s in the world.

6. Aashay Varma & Priyanka Selected in NBA- FIBA BWB.

First time, two Indian cagers – Aashay Verma and Priyanka Prabhakara have been selected in a 67 strong international group of boys and girls for the NBA and FIBA’s third annual Basketball without Borders (BWB) Global Camp in New Orleans, USA.

7. India Rank 43^rd position in 5^th Annual International IP Index of USCC.

•  India ranked 43^rd position out of 45 countries in the 5^th Annual International Intellectual Property (IP) Index of the US Chamber of Commerce (USCC).
• The 2017 International IP Index was named as “The Roots of Innovation”, was released on 8 February 2017.

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