Business, Economy & Banking Current Affairs - 2019

Business, Economy and Banking in Current Affairs 2019 with latest news and current affairs in Agriculture, Industry, Banking, Capital Markets, Import and Export and Government schemes in commercial sector.

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FSS Voice Commerce: Real Time Voice Banking Platform Launched

IT service management company Financial Software Services (FSS) has launched real time voice banking platform called FSS voice commerce. It uses machine-learning language processing techniques and offers meaningful, contextual, and personalized banking interactions to customers. Benefits of FSS Voice Commerce It provides secure financial transactions to prevent fraud and maintain integrity of transaction ecosystem it Read More…

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Suresh Mathur Committee to review MicroInsurance Framework

The Insurance Regulatory and Development Authority of India (IRDAI) set up Suresh Mathur Committee to review regulatory framework on micro insurance, and to recommend measures to increase demand for such products. It was formed because of less than desired offtake of micro insurance products despite of their inherent benefits in the country. India was seen Read More…

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IEPF Authority recovers Rs 1514 Cr of Depositors Money

The Investor Education and Protection Fund (IEPF) Authority in a major success has recovered deposits worth Rs 1,514 crore from Kolkata-based Peerless General Finance and Investment Company. This money of depositors was pending with the company for the last 15 years. Investor Education and Protection Fund Authority Investor Education and Protection Fund (IEPF) was established Read More…

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India to stop Importing Crude Oil from Iran

In the backdrop of the US refusal to extend the sanctions waiver for India to import crude from Iran, the Ministry of Petroleum and Natural Gas has taken steps necessary steps to end the imports from Iran. Even though India has urged the US to restore the sanction waivers it has decided to not to Read More…

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RBI to Divest its Entire Stake in NABARD and NHB

The Reserve Bank of India (RBI) has sold its entire stakes in the National Bank for Agriculture & Rural Development (NABARD) and National Housing Bank (NHB) for Rs 20 crore and Rs 1,450 crore respectively. Disinvestment by RBI The decision to divest its entire stake was taken based on the recommendations of the second Narasimham Committee. Read More…

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