Union Budget 2024-25 Overview: Nirmala Sitharaman’s Focus on Economic Growth The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman has garnered significant attention, especially among aspirants preparing for various government exams. This comprehensive overview aims to dissect the key aspects of the budget and its implications on sectors relevant to exams for positions like…
Loss and Damage Fund: Addressing Climate Change Challenges Climate change remains a critical concern globally, impacting various sectors and demanding comprehensive solutions. In recent developments, the concept of a “Loss and Damage Fund” has gained attention, particularly in international climate discussions. This article explores the significance of this fund and its potential implications for students…
Caution Flags Raised by CAFRAL on NBFC and Digital Lending Practices In the ever-evolving landscape of finance, concerns over Non-Banking Financial Companies (NBFCs) and digital lending practices have been thrust into the spotlight. The Centre for Advanced Financial Research and Learning (CAFRAL) recently sounded alarm bells, emphasizing the need for regulatory scrutiny in these domains….
Understanding the Renminbi: China’s Currency Dynamics China’s currency, the Renminbi (RMB), has been a topic of growing significance in global economic discussions. As students preparing for government exams, especially those aspiring to roles in banking, civil services, and international relations, it becomes imperative to comprehend the intricacies of China’s currency system. The Renminbi, abbreviated as…
BOB Appoints Kadgatoor Sheetal Venkatesmurt as Head of Digital Channels Bank of Baroda (BOB) has recently made a significant appointment in its leadership team, naming Kadgatoor Sheetal Venkatesmurt as the new Head of Digital Channels. This strategic move by one of India’s leading banks holds immense importance for aspirants preparing for government exams, especially those…
RBI Appoints Muneesh Kapur as Executive Director The Reserve Bank of India (RBI) has recently made a significant appointment by naming Muneesh Kapur as its Executive Director. This move has grabbed the attention of aspirants preparing for various government exams, including those for positions in the banking sector, civil services like IAS, and more. In…
Bad Banks Chairman Karnam Sekar Resigns After Proposal to Merge with IDRCL In a recent development that has sent ripples through the financial sector, the Chairman of the Bad Banks, Mr. Karnam Sekar, has tendered his resignation following a contentious proposal to merge the Bad Banks with the Infrastructure Development and Finance Company Ltd. (IDRCL)….
PR Seshadri Appointed New MD & CEO of South Indian Bank PR Seshadri has been appointed as the new Managing Director and Chief Executive Officer of South Indian Bank. This appointment marks a significant development in the banking sector, particularly for those aspiring to work in the banking industry or appear for government exams. Why…
RBI Introduces Reforms for Transparent Home Loan EMIs In a significant move aimed at enhancing transparency and customer protection, the Reserve Bank of India (RBI) has introduced a series of reforms pertaining to home loan Equated Monthly Installments (EMIs). These reforms are set to bring about a positive impact on various sectors, including those for…
UPI Transactions Reach Record High of Rs. 14.3 Trillion in May 2023 The world of digital transactions witnessed a remarkable milestone in May 2023 as Unified Payments Interface (UPI) transactions in India soared to an all-time high. According to recent reports, UPI transactions reached an unprecedented record of Rs. 14.3 trillion during this period, showcasing…
