Finance Current Affairs - 2019

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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 appointment was confirmed by the Board of Directors of the Company and will assume charge Read More…

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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 Government of India. As per e-taal data, e-transactions in the last two years from January Read More…

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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, and providing instant confirmation of payment. Key Facts It will help consumers pay multiple bills Read More…

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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 each household in the country. According to Finance Ministry Till 18th November 2014, 7.64 crore Read More…

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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 be revived include HMT Machine Tools and Tyre Corporation, Tungabhadra Steel Products, HMT Bearings, Richardson & Read More…

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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 Responsibility (CSR) from Corporate Sector and contributions from individuals and philanthropists to achieve the objective Read More…

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Kotak mahindra Bank to acquire ING Vaisya Bank

Kotak Mahindra Bank has announced that it would acquire Bengalaru-headquartered ING Vysya Bank in an all-stock deal. The deal will be final after regulatory approvals, including those from the Reserve Bank of India (RBI) and Competition Commission of India (CCI). The management of the banks expects that the new merged entity will be operational by April Read More…

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