HDFC Bank Partners with Startup India for Parivartan SmartUp Grants: The flagship programme of the Indian government's "Startup India" initiative, in cooperation with HDFC Bank, has announced the beginning of its sixth annual grants programme for social startups. Known as Parivartan SmartUp ...

ADB Keeps India’s GDP Growth Unchanged at 7%: The Asian Development Bank, based in Manila, maintained its projection for India's economic growth for the fiscal years 2022–2023 at 7%. The bank also forecasted a weaker-than-previously expected pace for developing Asia. As opposed to 8.7% GDP growth ...

1st G20 Central Bank Deputies Meet in Bengaluru Under India’s Presidency: The first G20 Finance and Central Bank Deputies (FCBD) summit is slated to take place in Bengaluru from December 13–15, 2022. This meeting, which will mark the start of discussions on the Finance Track agenda under ...

World Bank’s Flagship Gender Toolkit Launched: The World Bank and the Chennai Urban Metropolitan Transport Authority held a session to provide a gender toolkit based on "Enabling gender-responsive urban mobility and public spaces." December 2022 Current Affairs Quiz Key Points Of the World ...

Sushmita Shukla becomes first VP, COO of Federal Reserve Bank of New York: Sushmita Shukla, an Indian-origin veteran of the insurance industry, has been appointed as First Vice President and Chief Operating Officer at the Federal Reserve Bank of New York, making her the second-ranking officer at ...

ADB approves $780 mn loan for Chennai's metro rail network : The Asian Development Bank (ADB) has approved a $780 million loan to build new lines and improve the connectivity of Chennai’s metro rail system with existing bus and feeder services. “This project will expand Chennai’s metro rail system ...

Digital Rupee vs UPI: Unlike Digital Rupee, UPI is only used as an interface for transactions involving actual money. The Digital Rupee is only another type of money that is similar to fiat money. UPI and the digital Rupee are fundamentally separate ideas. With the introduction of the digital ...

Spice Money partners with Axis Bank for financial inclusion in rural India : Spice Money has partnered with Axis Bank to facilitate opening of instant, zero balance savings or current accounts for rural citizens through its Adhikari network. Through this association, Spice Money aims to bridge the ...

RBI Monetary Policy 2022: The Monetary Policy Committee (MPC), which consists of six members and is led by Reserve Bank of India (RBI) Governor Shaktikanta Das, has announced its decision.  In the consecutive fifth hike this year, the RBI’s Monetary Policy Committee has raised the repo rate ...

World Bank upgrades India’s GDP growth forecast for 2022-23 to 6.9 percent: The World Bank has increased its projection of 6.5% growth made in October to 6.9% growth for the Indian economy in 2022–2023. In October, it had cut India’s GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. ...