Finance Current Affairs - 2019

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SEBI approved new Insider trading rules

The Securities and Exchange Board of India (SEBI) has revamped the rules related to the Insider trading for the protection of the smaller investors. Insider trading refers to the trade of a company’s stocks or other securities and making unethical profits with access to the non-public information. This is detrimental to the other / small investors Read More…

Month:  Categories: Business, Economy & Banking

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Government re-launches Kisan Vikas Patra

On 18th November 2014, Union Government re-launched Kisan Vikas Patra scheme (KVP) in New Delhi to encourage the habit of small savings among the citizens. The scheme will soon be made available through designated branches of nationalized banks across the country. The previous KVP was discontinued in 2011. The scheme was very popular among the Read More…

Month:  Categories: Business, Economy & Banking

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Government to launch modified direct cash subsidy transfer for LPG consumers from January 1, 2015

NDA government is launching, the modified version of Direct Benefit Transfer for LPG ( DBTL) scheme in 54 districts from 15th November 2014 and all over the country from 1st January 2014. The petroleum ministry is working on this in order to ensure that there is coordination between the oil companies and banks so that Read More…

Month:  Categories: Government Schemes & Projects

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Government to revive District Central Cooperative Banks (DCCBs) in four states

The NDA Government has decided to launch scheme in order to infuse Rs 2,375.42 crore to revive 23 District Central Cooperative Banks (DCCBs) in 4 states, which were on the verge of closure. Of the total amount, state governments will contribute Rs. 1,464.59 crore, Centre Rs. 673.29 crore and NABARD Rs. 237.54 crore. Why Government want Read More…

Month:  Categories: Business, Economy & Banking

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New austerity measure by government, announces 10% cut in non-plan expenditure.

On 30th October 2014, Finance Ministry has announced new mandatory austerity measures. Government aims to restrict fiscal deficit to 4.1 per cent of GDP in 2014-15 and hence, have taken up such steps. Thus it will lead to10 per cent cut in the Centre’s non-Plan expenditure for 2014-15. Austerity measures taken up by the ministry Read More…

Month:  Categories: Business, Economy & Banking

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21 Asian countries sign MoU for Asian Infrastructure Investment Bank (AIIB)

21 Asian countries, including India, have signed an agreement to become the founding members of the Asian Infrastructure Investment Bank (AIIB). China’s Vice-Finance Minister Jin Liqun, who has also been the Vice-President of the Asian Development Bank (ADB), was appointed the Secretary General of AIIB. India’s role China has been keen to ensure India’s participation Read More…

Month:  Categories: Business, Economy & Banking

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