Professional Documents
Culture Documents
RBI to set up new Data Centre & Cybersecurity Training Institute in Odisha
Power Finance Corporation signs agreement with Japan's JBIC for project loan of Rs 165 cr
ICICI Bank Launches Digital Solutions for Participants of Capital Market, Custody Services
As a custodian, the bank offers a first-of-its-kind solution to open digital demat and
bank accounts for end clients of PMS.
Digital on-boarding and pre-verification of FPI/FDI clients
Self-service portal
Value-added services for AIFs
About ICICI Bank :
Founded : 5 January 1994
Headquarters : Mumbai, Maharashtra
MD & CEO : Sandeep Bakhshi
RBI launched 2 surveys -IESH & CCS to gather 'useful inputs' for monetary policy
The Reserve Bank of India (RBI) has launched
two key surveys namely Consumer
Confidence Survey (CCS) and Inflation
Expectations Survey of Households (IESH)
Data gathered from these surveys, which
provide "useful inputs" for the RBI’s bi-monthly
monetary policy.
About CCS :
The CCS seeks qualitative responses from
households, regarding their sentiments on
general economic situation, employment
scenario, price level, households’ income and spending.
The survey is conducted regularly in 19 cities, viz., Ahmedabad(Gujarat),
Bengaluru(Karnataka), Bhopal(Madhya Pradesh), Bhubaneswar(Odisha), Chandigarh,
Chennai(Tamil Nadu), Delhi, Guwahati(Assam), Hyderabad(Telangana),
Jaipur(Rajasthan), Jammu(Jammu & Kashmir), Kolkata(West Bengal), Lucknow(Uttar
Pradesh), Mumbai(Maharashtra), Nagpur(Maharashtra), Patna(Bihar),
Raipur(Chhattisgarh), Ranchi(Jharkhand) and Thiruvananthapuram(Kerala).
About IESH :
The IESH survey aims at capturing subjective assessments on price movements and
inflation, based on their individual consumption baskets, across 19 cities, mentioned
above.
The survey seeks qualitative responses from households on price changes (general
prices as well as prices of specific product groups) in the 3 months ahead as well as in
the 1 year ahead period and quantitative responses on current, 3 months ahead
and 1 year ahead inflation rates.
The results of this survey provide useful inputs for monetary policy.
The agency, M/s Hansa Research Group Pvt. Ltd., Mumbai has been engaged to
conduct the survey of this round on behalf of the RBI.
For this purpose, the selected households will be approached by the agency and they
are requested to provide their response.
The next meeting of the RBI's rate setting panel - Monetary Policy Committee - is
scheduled during April 6-8, 2023.
About RBI :
Established : 1 April 1935
Headquarters : Mumbai, Maharashtra, India
Governor : Shaktikanta Das
Deputy governors : Mahesh Kumar Jain,M. Rajeshwar Rao,Michael Patra and T. Rabi
Shankar
Amazon Pay partners with NPCI’s Bharat BillPay for loan repayments
Amazon Pay has collaborated with
Bharat BillPay, the biller platform of
the National Payments
Corporation of India (NPCI), to
strengthen its loan repayment
facility.
Key Highlights :
Customers can select their bank or Non Banking Financial Company (NBFC) from the
list and enter their loan account number and other details to pay their Equated
Monthly Instalments (EMI).
All bill payment transaction confirmations are instantaneous; however, some banks
may require the pre-defined turnaround time (TAT) to process and accept the
payment after completion of the transaction.
Over 200 lenders, including Bajaj Finance, Cholamandalam Investment & Finance,
HDB Financial Services, Home Credit, and IIFL Finance, have enrolled in the facility.
About NPCI :
Founded : 2008
Headquarters : Mumbai, Maharashtra, India
MD & CEO : Dilip Asbe
The NPCI is an umbrella organisation for operating retail payments and settlement
systems in India.
It is an initiative of the Reserve Bank of India (RBI) and Indian Banks’
Association (IBA) under the provisions of the Payment and Settlement Systems
Act, 2007.
State Bank of India completes first commercial trade in Sri Lankan rupees
Indian lender State Bank of India (SBI) completed its first non-dollar transaction
with Sri Lanka, by paying for exports in Sri Lankan rupees as India looks to bring
countries that are short of U.S. dollars into the trade mechanism.
The move comes as Sri Lanka grapples with its worst economic
crisis since its independence, triggered by a shortage of dollars.
The island nation's forex reserves stood at $2.1 billion as of
end-January.
About SBI :
Founded : 1 July 1955
Headquarters : Mumbai, Maharashtra, India
Chairman : Dinesh Kumar Khara
RBI sells net $384 million in spot foreign exchange market in January
Meanwhile, the RBI’s net outstanding forward purchase stood at $21.73 billion as of
end-January,2023 compared with a net purchase of $10.97 billion at the end of Feb
2023.
NATIONAL NEWS
Brahmapuram fire: NGT slaps ₹100-cr fine on Kochi Corporation
The Principal Bench of the National Green Tribunal has imposed an
environmental compensation of ₹100 crore on Kochi Municipal Corporation for
its continuing neglect of duties, resulting in the crisis at its wastage dump site at
Brahmapuram following the major fire.
About NGT:
National Green Tribunal (India) had been set up under National Green Tribunal Act as
a statutory body in year 2010 to deal with environmental cases and speedy
implementation of decisions relating to it.
Parent agency: Ministry of Law and Justice
Founded: 18 October 2010.
3rd Annual Edition Of International SME CONVENTION, 2023 to be held in New Delhi
3rd Annual Edition of
International SME Conference
(ISC), 2023 is being held in New
Delhi from 19th to 21st March.
The ISC is being jointly organized
by the Ministry of Micro, Small and
Medium Enterprises (MSME) and
the Ministry of External Affairs and the India SME Forum.
The event has the Government of Madhya Pradesh as a major partner state and
the Government of Uttar Pradesh as an associate partner state.
International Network of Micro, Small and Medium Enterprises (INSME) and
the World Union of Small and Medium Enterprises (WUSME) are the
International Partners for ISC 2023, and Tata AIA is the Insurance Partner.
Union Minister for Micro, Small and Medium Enterprises Shri Narayan Rane is the
chief guest of the inaugural function.
The top four emerging sectors of India are the main focus areas in ISC, 2023.
These four sectors include cleantech and green energy, manufacturing, service sector
and agri-food processing and farm equipment sector.
3-days International Conference on ‘Natural farming for Revitalizing Environment &
Resilient Agriculture’ concludes in Imphal
The 49th edition of IDA Dairy Industry Conference and Expo will be held in Gandhinagar
The 49th edition of Indian Dairy Association’s (IDA)
Dairy Industry Conference and Expo will be held at
Mahatma Mandir in Gandhinagar.
The conference will see engagement between dairy
experts and professionals from India and overseas.
The theme of the 49th edition is ‘India dairy to the
world: Opportunities and Challenges’.
The Union Minister for Fisheries, Animal Husbandry and
Dairying, Parshottam Rupala, will inaugurate the
conference and expo, while Union Home and
Cooperation Minister Amit Shah will be the chief guest at
the Indian Dairy Summit to be held on March 18.
Union Minister of State of Fisheries, Animal Husbandry
and Dairying, Sanjeev Kumar Balyan, NITI Aayog member Ramesh Chand, Gujarat
Chief Minister Bhupendra Patel, the State’s Co-operation Minister Jagdish
Vishwakarma, International Dairy Federation President Piercristiano Brazzale, and
IDF Director General Caroline Emond besides Meenesh Shah, chairman of National
Dairy Development Board (NDDB) will be among the guests at the inaugural
ceremony.
The conference will discuss how India can make the most of the immense
opportunities and the challenges it needs to overcome.
RS Sodhi, President, Indian Dairy Association.
Meenesh Shah, Chairman, NDDB.
BUSINESS NEWS
ALT Realtech, has launched the world's first digital real estate exchange
A Bengaluru-based fintech startup, ALT Realtech, has launched
the world's first digital real estate exchange, ALT DRX,
allowing investors to buy one sq. ft. of real estate at a time.
The startup, with an India-first launch strategy, has raised $1.6
million in equity and $2 million in callable mezzanine debt for co-
investing in real estate assets during its seed round.
ALT DRX will allow owners of these real estate assets to
dematerialise their real estate ownership into tokenized, traceable
digital assets.
The Nasdaq Composite is a stock market index that includes almost
all stocks listed on the Nasdaq stock exchange.
Along with the Dow Jones Industrial Average and S&P 500, it is
one of the three most-followed stock market indices in the United
States.
STATE NEWS
13-day tulip festival begins in Delhi
Indian steel millers have substantially increased sourcing from Russia. Shipments were
up 154 per cent to 9.7 mt, making the country the second largest supplier after
Australia in 2022.
As per CoalMint data, USA was the third largest supplier of coking coal at 7 mt,
up 126 per cent YoY.
Mozambique and Indonesia were among the other suppliers at 2.9 mt and 2.7 mt,
respectively.
SPORTS NEWS
4th Asian Kho Kho Championship for Men and Women will begin in Assam
The 4th Asian Kho Kho Championship for Men and
Women will begin at Baksa district in Assam.
The event will conclude on the 23rd of this month.
Chief Minister Himanta Biswa Sarma and officials of the Kho
Kho Federation will take part in the inaugural program.
The event is being organised by the Kho Kho Federation of
India in association with the Assam Kho Kho Association and
Bodoland Territorial Region government.
The government of Assam also extended its support for the competition.
Altogether nine countries -India, Bangladesh, South Korea, Malaysia, Nepal,
Bhutan, Iran, Sri Lanka, and Indonesia are participating in the competition.
Over 700 players and officials will participate in the four-day event.
OBITUARIES
Veteran journalist & Padma Shri awardee Abhay Chhajlani passes away
IMPORTANT DAYS
International Day of Remembrance of the Victims of Slavery : March 25
On March 25th of this current year
International Day of Remembrance of
the Victims of Slavery and the Transatlantic
Slave Trade is celebrated all over the world.
It is an international event that is celebrated
annually on March 25th every year is
intended to inscribe the tragedy of the slave
trade in the memory of all peoples.
International Day of Remembrance of the Victims of Slavery and the Transatlantic
Slave Trade is a United Nations international observance designated in 2007 to
be marked on 25 March every year.
The day honors and remembers those who suffered and died as a consequence of the
transatlantic slave trade, which has been called “the worst violation of human rights in
history”, in which over 400 years more than 15 million men, women, and children were
the victims.
Indian automaker Mahindra and Mahindra stated that World Bank’s private
investment arm, International Finance Corp (IFC), will invest 6 billion rupees
($72.58 million) in the company’s last mile electric mobility unit.
The Governor of the Reserve Bank of India (RBI), Shri Shaktikanta Das, initiated the
establishment of a “Greenfield Data Centre” and an “Enterprise Computing &
Cybersecurity Training Institute” in Bhubaneswar, Odisha during a foundation
stone laying ceremony.
Power Finance Corporation(PFC) Limited has inked a pact with Japan Bank for
International Cooperation (JBIC) for a project loan of Japanese Yen (JPY) 2.65
billion or about Rs 165 crore.
ICICI Bank launched an array of digital solutions for participants of the capital
market and clients of custody services.
The Reserve Bank of India (RBI) has launched two key surveys namely Consumer
Confidence Survey (CCS) and Inflation Expectations Survey of Households
(IESH)
Amazon Pay has collaborated with Bharat BillPay, the biller platform of the
National Payments Corporation of India (NPCI), to strengthen its loan
repayment facility.
Indian lender State Bank of India (SBI) completed its first non-dollar transaction
with Sri Lanka, by paying for exports in Sri Lankan rupees as India looks to bring
countries that are short of U.S. dollars into the trade mechanism.
The Reserve Bank of India (RBI) has allowed banks from 18 different countries to
open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian
rupees (INR).
The Reserve Bank of India (RBI) sold net $384 million in the spot foreign
exchange market in January 2023.
According to data released by the Reserve Bank of India (RBI), in its monthly
bulletin for March, outward remittances under the RBI’s liberalised remittance
scheme (LRS) stood at $22.08 billion during the April, 2022-January, 2023 period.
The 13-day tulip festival organised by the New Delhi Municipal Council (NDMC)
was held in New delhi.
An Indian-American woman, Ms Tejal Mehta, has been appointed as the first
justice of a district court in the US state of Massachusetts.
The Competition Commission of India (CCI) approved a proposed combination
involving LIC Mutual Fund Asset Management Limited’s acquisition of the
management rights over the schemes of IDBI Mutual Fund (MF) from IDBI Asset
Management Limited (IDBI AMC).
Senior journalist and Padma Shri awardee (2009) Abhay Chhajlani passed away at
the age of 88 in Indore, Madhya Pradesh(MP), India.