Current Affairs on Finance | 17 May 2024 Finance Current Affairs Page 16

Current affairs on 05 October 2016

It was for the first time that a six member committee took the decision to reduce the repo rate and this decision was a unanimous one when the Reserve Bank of India has slashed its key lending rate by what percent : 0.25% (a quarter of a percent)

Current affairs on 04 October 2016

From 1 October 2016, What important rule became applicable for purchasing insurance policies in India as announced be the concern body : Mandatory to have an e-insurance account to purchase insurance policy

Posted on: 04th October 2016 Read complete Article →

Which bank in India has become the first India bank to open a branch in the capital city of Yango : State Bank of India

The Centre has constituted a four-member Insolvency & Bankruptcy Board of India (IBBI) under the Chairmanship of which person .The other members of the IBBI are Ajay Tyagi, Amardeep Singh Bhatia,GS Yadav, & Unnikrishnan.The main activity of IBBI would be to regulate the functioning of insolvency professionals, insolvency professional agencies : MS Sahoo

Current affairs on 03 October 2016

A wooping result has been seeing on the government decision in that they had provided illegal income and asset holders a one-time opportunity to come clean by declaring their blackmoney under the four-month window and pay 45 per cent tax and penalty. Thus under this opportunity how much money was collected under direct tax. The tax collected from the Income Declaration Scheme (IDS) 2016 will go into the Consolidated Fund of India and will be used for larger welfare of people. : Rs.62,250 crore

Posted on: 03rd October 2016 Read complete Article →

Who is heading a three-member expert committee to examine various issues related to audit firms that has been constituted by union government of India on 30 September 2016 : Ashok Chawla

Current affairs on 01 October 2016

Labour Ministry doubled EPFO’s investment limit in ETFs to what percent. It has raised the limit of investments by the Employees’ Provident Fund Organisation (EPFO) in the Exchange Traded Funds (ETFs) in 2016-17 to 10% of investible income from 5 per cent in 2015-16. It will result in Rs 13,000 crore of the retirement fund body flowing into stock markets in the current fiscal : 10%.

Posted on: 01st October 2016 Read complete Article →

Around how many train passengers have opted for the rail insurance scheme, which was announced on September 1, within the first 30 days of its launch as per IRCTC. The pioneering facility, which was announced in the Railway Budget 2016-17, allows a passenger to get an insurance cover of up to Rs 10 lakh on booking a train ticket online by paying just 92 paise : One Crore

Finance Ministry on 29 September 2016 had announced how much reduction in interest rate for small savings schemes like PPF, KVP and NSC for the October-December quarter : 0.1%

Current affairs on 30 September 2016

The Reserve Bank of India Act, 1934 has been amended by the Finance Act, 2016, to provide for a statutory and institutionalised framework for a Monetary Policy Committee for which reason : To maintain price stability, while keeping in mind the objective of growth

Posted on: 30th September 2016 Read complete Article →