Hello friends, This is the Updates of Banking Affairs 25 March 2017. This will helpful for tackling Banking awareness section in SBI, IBPS, SSC, UPSC Exams.
WB signs US$100 million credit agreement
- The World Bank has signed a $100 mn credit agreement with the Centre and Uttarakhand in New Delhi to improve the quality of health care services in the state.
- WB said that most public health facilities in mountainous areas of are unable to function optimally.
- The project also aims to reduce the financial risk for its citizens and make affordable, quality health care available to all.
SIB has introduced Aadhar-based payment
- To promote cashless digital transactions, South Indian Bank has introduced Aadhar-based payment in its UPI mobile application-SIB M-Pay.
- Unified Payment Interface enables all bank account holders to send and receive money from their Smartphone without entering the bank account information.
- Even non-customers of South Indian Bank can link any of their bank accounts in this mobile application.
Water conservation campaign by NABARD
- Nabard will help Karnataka with low-cost technologies for water conservation and efficient use of water in the drought-affected districts.
- The main focus of the save water programme would be to create awareness and to cover a maximum number of villages in the districts.
- National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India, headquartered at Mumbai.
Import duty on wheat
- The Government is considering to bring back import duty on wheat to protect farmers’ interest after a bumper harvest in the country.
- The crop production this year has been at a record 96.64 million tonnes and 6.5 million tonnes of wheat is already in stock.
- In 2015, a customs duty of 25 % was levied on wheat which was subsequently cut to 10 % and it was totally removed in Dec last year.
Fund of Fund for Start-ups (FFS)
- The Union Cabinet had approved the proposal to establish a Fund of Funds for Start-ups (FFS) with a total corpus of Rs 10000 crore.
- The FFS is being managed and operated by Small Industries Development Bank of India (SIDBI).
- FFS contributes to SEBI registered Alternative Investment Funds (AIFs) that may go up to a maximum of 35% of the corpus of the AIF concerned.
American Hindu Coalition (AHC)
- An organisation launched by a group of influential American Hindus, most of them of Indian descent, aspires to emerge as a political platform for all Hindus in the country regardless of their ethnic origin.
- The American Hindu Coalition (AHC) will be formally inaugurated in May but the group has launched a website and started raising funds online and from selected donors.
AIIB to admit 13 more countries
- China-backed Asian Infrastructure Investment Bank (AIIB) has approved the membership of 13 more countries.
- With 57 founding members, the AIIB which was established in 2015 aims to provide financing to address the daunting infrastructure needs across Asia.
- The 13 new additions will take the total number of members of AIIB to 70.
- It’s headquarter located in Beijing, China.
Aadhaar seeding of Jan Dhan Accounts
- Andhra Pradesh tops in Aadhaar seeding of Jan Dhan accounts.
- As on March 15, Andhra Pradesh had linked 87.73% of its Jan-Dhan accounts with Aadhaar numbers.
- This was followed by Tripura at 87.08 % and Telangana 83.56 %.
- The seeding remained below the 10 % range in Assam (1.3 %) and Meghalaya (2.08 %).
Four Indian cities in top 25 Asia list
- Four Indian cities feature in TripAdvisor’s top 25 Asia list.
- India takes the second spot in the Asia list with four winning destinations. Thailand leads with five wins.
- The four Indian cities that featured in the top 25 list in Asia are Goa (11), New Delhi (13), Jaipur (18) and Agra (19).
- TripAdvisor is a global travel site offering advice from millions of travellers.
The post Important Financial and Banking Affairs 25th March with PDF download appeared first on Exambin | IBPS SSC UPSC Preparations.
No comments:
Post a Comment