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April 2018 : Economical Affairs
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Economical Affairs {Banking and Financial Awareness} of April 2018 month

Civil Service Aspirant! Always eager to learn.

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  1. April 2018 Current Affairs (Banking and Financial Awareness) - Sourabh Jain

  2. Bank Rate Policy Repo Rate Reverse Repo Rate Marginal Standing Facility Rate | 6.25% 6.00% 5.75% 6.25% _on banks revamped universal loan portal Chairman of SIDBI launched Samridhhi- the virtual assistant O An MoU was signed between the Indian Army and Which bank on the Defence Salary Package HDFC Bank Small Industries & Development Bank of India (SIDBI) announced a plan to promote micro-enterprises in 115 aspirational districts across the country for that It has tied up with - Common Service Centre (CSC)

  3. O As part of the drive to double the income of farmers by 2022, the government has raised the authorised capital of NABARD by six times from 50 billionto 300 billion O The Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at-6.0% RBI has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India Jio Payments Bank O Jammu & Kashmir Bank has launched a special financing scheme named_to help the state industry cope with the delay in reimbursement of GST under special tax relief - 'Add-on Working Capital GST'

  4. State Bank of India will be investing a total of Rs 80 billion in the Arun III hydropower project of Which country, which has 900 megawatts (MW) electricity production capacities - Nepal HDFC Bank launched, its interactive humanoid at the Koramangala Branch in Bengaluru, named IRA 2.0 Yes Bank has announced the launch-_anOD (overdraft) facility for Micro, Small & Medium Enterprises (MSMEs) Yes GST State Bank of India (SBI) has come up with an alternate and convenient method of cash withdrawal for its customers Cash @POS

  5. O Which bank has received the Reserve Bank of India's (RBI) approval to open two representative offices in London and Singapore- Yes Bank O Which bank has entered into an agreement for information utility services with the National EGovernance Services Limited (NeSL) Indian Overseas Bank O National Stock Exchange of India (NSE) has announced the launch of its__platform for facilitating the non-competitive bidding in Government of India Dated Securities (G-Sec) & Treasury Bills (T-Bills)- e Gsec NABARD has provided an assistance of Rs 10,012 crore to which state during 2017-18 to facilitate overall development with special focus on agricultural credit- Uttar Pradesh

  6. E-commerce giant Flipkart has forged a strategic partnershipwith which onlinetravel company to offer travel services on its platform MakeMyTrip Cab Service Provider Ola has acquired Mumbai-based-_, an end-to-end public transport ticketing and commuting app- Ridlr which Bank has signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce & sell solar equipment in India - SoftBank O Paytm, announced the launch of its offline payments solution- Paytm Tap Card O Which bank has announced the commencement of its banking operations after a year of receiving final license from Reserve Bank of India - Jana Small Finance Bank

  7. India's GDP Projection By Various International Orgnizations Orgnization Asian Development Bank (ADB) World Bank International Monetary Fund (IMF) 2018 7.3% 73% 7.4% 2019 7.6% 7.5% 18%