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22 Dec

Social Progress Index (SPI)

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Social Progress Index (SPI) for States and Districts created by the Institute for fight and Social Progress Imperative was submitted to Economic consultive Council- Prime Minister and free. Supported the SPI scores, states and districts are hierarchal underneath six tiers of social progress.Tier 1: terribly High Social Progress; Tier 2: High Social Progress; Tier 3: higher Middle Social Progress; Tier 4: Lower Middle Social Progress; Tier 5: Low Social Progress; and Tier 6: terribly Low Social Progress.SPI could be a comprehensive tool which will function a holistic live of a country’s social progress at the national and sub-national levels. The…

19 Dec

RBI to Issue Two Tranches of Sovereign Gold Bonds

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The depository financial institution of India is to issue 2 tranches of Sovereign Gold Bonds, which is able to open for public subscription in Dec and March. Sovereign Gold Bonds (SGBs) 2022-23-Series III can open for subscription throughout Dec 19-December twenty three and 2022-23-Series IV throughout March 06-10, 2023. These bonds square measure issued by the depository financial institution of India (RBI) on behalf of the govt.The SGBs are sold-out through regular business, Stock Holding Corporation of India restricted (SHCIL), Clearing Corporation of India restricted (CCIL), selected post offices, and stock exchanges — NSE and bovine spongiform encephalitis.

19 Dec

The 48th Goods and Service Tax (GST) Council meeting at the national capital Delhi on 17 December has concluded

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The 48th product and repair Tax (GST) Council meeting at the capital urban center on seventeen Dec has all over with none choices on the extremely anticipated GST legal proceeding Tribunals, charge per unit applicable on gutkha and pan masala.Threshold limit of for launching of GST offences raised to 2 Crores except just in case of pretend invoices. Five-hitter GST alkyl group Alcohol applicable to blending fuel Decriminalized sure offences of Obstruction of services by officers, failure to produce data etc. E-Com Portals will offer product of Unregistered Suppliers. No Claim Bonus offered by Insurance corporations doesn't attract GST. No…

13 Dec

The new currency notes of $1 and $5 value carry the signature of the Secretary of Treasury Janet Yellen and Lynn Malerba

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The U.S. The Treasury (United States of America’s Finance Ministry) has written the primary North American country banknotes (currency notes) with 2 women’s signatures. The new currency notes of $1 and $5 price carry the signature of the Secretary of Treasury (American Finance Minister) Janet Yellen and Lynn Malerba. The u. s. currency notes are popularly known as as dollar.In the u. s. the currency notes ar written by the Treasury Department’s Bureau of Engraving and Printing and therefore the Federal Reserve System decides what proportion currency notes are written. The Treasury Department’s Bureau of Engraving and Printing has note…

09 Dec

K V Shaji has been named Chairman of the National Bank for Agriculture and Rural Development

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K V Shaji has been named Chairman of the full service bank for Agriculture and Rural Development (NABARD). He erst served as NABARD’s Deputy decision maker (DMD) until could twenty one, 2020. he's AN agricultural graduate with a PGDM publically Policy from the Indian Institute of Management (IIM) in Ahmedabad.He spent twenty six years in varied roles at Canara Bank. In Canara Bank’s company workplace, he was accountable of strategy, planning, and business development. He conjointly contend a task within the merger of Syndicate Bank and Canara Bank. He antecedently worked for the National Payments Corporation of India (NPCI) and…

08 Dec

RBI Monetary Policy 2022

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The decision of the banking company of Asian country (RBI) Governor Shaktikanta Das headed six-member financial Policy Committee (MPC) has been proclaimed. within the consecutive fifth hike this year, the RBI’s financial Policy Committee has raised the repo rate by thirty five basis points (bps) to six. 25 per cent with immediate result, creating loans costly. The policy rate is currently at the best level since August 2018. The tally has maintained policy stance at ‘withdrawal of accommodation’.RBI has maintained client indicator (CPI) inflation forecast for FY23 at half dozen.7%. Real FY23 value forecast down to six.8% from 7%. Inflation…

07 Dec

Global financial crisis

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The global economy appears headed for a severe recession and parallels ar being drawn with the worldwide money crisis of 2008 and therefore the retardation caused in 2020 by the Covid-19 pandemic. tons of hope that any serious natural event are often averted rests on a high degree of fine standardisation of policy which can be tough to deliver.The U.S.A. greenback has been billowing for the past few months. It’s currently the strongest it's been in twenty years, and specialists believe the worth can grow even stronger within the returning days. However this surge within the price of the facility…

06 Dec

India will be the first country in the world to receive $100 billion

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India are the primary country within the world to receive $100 billion from remittances throughout 2022, the planet Bank has same. Although remittances to the remainder of the South Asian countries declined by 100 percent, it rose by twelve-tone system in India’s case.Remittances to South Asia grew associate degree calculable three.5% to $163 billion in 2022, however there's giant inequality across countries, from India’s projected twelve-tone system gain — that is on course to achieve $100 billion in receipts for the year — to Nepal’s four-dimensional increase, to associate degree combination decline of 100 percent for the region’s remaining countries,”…

05 Dec

NSE Launches New Nifty Bharat Bond Index

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The National Stock Exchange’s subsidiary NSE Indices has same it's launched a brand new index below the good Asian nation Bond Index series.The Asian nation Bond Index series follows a target date structure whereby each index at intervals the series measures the performance of a portfolio of ‘AAA’ rated bonds issued by government owned entities maturing throughout a selected year.“The coming back Asian nation Bond ETF that's sixth at intervals the Asian nation Bond ETF series will track the recently launched good Asian nation Bond Index maturing in 2033. the first Asian nation Bond ETFs trailing the good Asian nation…

28 Nov

The launch is in association with the National Payments Corporation of India (NPCI)

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IDFC 1st Bank has introduced a sticker-based charge account credit, known as FIRSTAP. The launch is in association with the National Payments Corporation of Asian nation (NPCI). The FIRSTAP is launched to facilitate transactions by merely sound the sticker on a close to Field Communication (NFC) enabled location terminal.The quantity of transactions being disbursed via contactless cards is growing quick. As a customer-first bank, IDFC claims to be committed to victimisation contactless technology for resistance digital transactions. With stickers because the type consider the wearable class, the charge account credit is convenient to hold around and permits quick check-out.The sticker-based…