1. 21 public and 3 major private sector banks lenders collected INR 4989 crores from customers for non-maintenance of minimum balance in their accounts in 2017-18.
- ______________ collected maximum 2433 crores, over half the amount raised by 24 banks together.
- In private sector, HDFC bank collected max 590.84 crores.
2. 29th meeting of GST council Held in New Delhi -
- A sub-committee was Created, headed by ________________ for suggesting measures to address issues faced by Micro, Small and Medium Enterprises (MSME) sector
- It has also decided to run a pilot to provide cashback for digital transactions. Capped at Rs 100, RuPay Debit and UPI-based transaction will get cashback of 20% for GST paid.
3. 4th Advance Estimates of production of major crops for 2017-18 released by the Department of Agriculture, Cooperation and Farmers Welfare -
- Foodgrains – ______________ million tonnes (record) (higher by 9.72 million tonnes than the previous record production of foodgrain of 275.11 million tonnes achieved during 2016-17). Consissts of Rice , Wheat, Nutri/Coarse Cereals, Pulses, Gram, Tur amd Urad.
- Oilseeds – 31.31 million tonnes. It consits of Soyabean, Groundnut, Rapeseed & Mustard AND Castorseed.
- Cotton – 34.89 million bales (of 170 kg each)
- Sugarcane – 376.91 million tonnes (record)
4. A Finance Minsitry report ranked ______________________ as the best PSU bank in the overall digital transactions category in India. As per Department of Financial Services' findings, bank's average percentage of technical declines is only 0.83 % of total transactions.
5. According to Department of Industrial Policy and Promotion, Foreign Direct Investment in India rose 23% to _______________ billion dollars during April to June quarter of FY 2018-19.
6. According to N-SIPI (State Investment Potential Index) series report by NCAER (National Council of Applied Economic Research), ____________ topped the list, replacing Gujarat. It was done based on 6 parameters: land, labour, infrastructure, economic climate, governance and political stability and business perceptions. Assam, Jharkhand and Bihar are ranked among least favourable states for investment.
7. According to SBI report named Ecowrap, current account deficit of India will rise to __________________ of the GDP in current financial year, due to rise in oil prices and moderate growth in exports. This is expected to turn country’s overall balance of payment into deficit mode after six years, leading to forex reserves depletion of USD 16 billion (0.6 per cent of GDP) in FY19.
8. ______________ will acquire Sequoia-backed Tapzo, for approx $35-40 million.
9. As per National Bank for Agriculture & Rural Development’s (NABARD)'s First All India Rural Financial Inclusion Survey 2016-17 -
- Agricultural household account for 48% of rural households. Agriculture (farming) generates only 23% of rural income. Only 43% of average income of agricultural households comes from cultivation of crops and rearing of animals.
- Number of rural households in India at 21.17 crores, of which 10.07 crores are agricultural.
- Average net monthly income of Indian rural households in 2016-17 was INR ________________.
- Among agricultural households, share of average income from cultivation and livestock rearing was just over 43%.
10. As per RBI, Kerala, Maharashtra, Karnataka and Tamil Nadu together received nearly 60% of total remittances in 2016-17. ______________ emerged as top source of remittances with a share of 26.9%, followed by US (22.9%), Saudi Arabia (11.6%), Qatar (6.5%) and Kuwait (5.5%).
11. Asian Development Bank (ADB) approved financing package of $______________ million to implement project for providing safe, sustainable drinking water service to million people in three districts of West Bengal (North 24 Parganas, Bankura and Purba Medinipur) affected by arsenic, fluoride, and salinity.
12. __________________ Securities launched commodity broking services with MCX and became the first bank subsidiary to enter commodity broking business. Now, ___________ Direct customers can now trade in 29 commodity futures and contracts through a one-time online registration process.
13. _____________________ become first bank in India to introduce Iris Scan Authentication feature for Aadhaar -based transactions through its micro ATM tablets. This is being run as a pilot project in 8 branches of rural Punjab, Haryana, Gujarat and Andhra Pradesh.
14. __________________ surpassed YES Bank and became 6th most valuable private sector bank and seventh most valued listed lender in India. With a market capitalisation (m-cap) of Rs 840 billion, it surpassed YES Bank with m-cap of Rs 838 billion.
15. Bharat Sanchar Nigam Ltd (BSNL) launched BSNL ______________ VOIP based service, requiring no SIM or cable wiring. It offers unlimited free audio/video calling for one year. It can be activated with a one-time fee of Rs. 1099.
16. Bharti Axa Life Insurance and Airtel Payments Bank entered into an alliance to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a government-backed life insurance scheme. It offers Rs _______________________ lakh life insurance cover for a nominal premium of Rs 330 per annum and can be purchased by all existing or new Airtel Payments Bank savings bank account holders between ages 18-50.
17. Central Government, State Government of Rajasthan and World Bank signed $____________________ million Development Policy Loan (DPL) to support Rajasthan in improving the performance of its Electricity Distribution Sector under State’s 24x7 Power for All program
- Second Programmatic Electricity Distribution Reform Development Policy Loan for Rajasthan is second in series of 2 operations planned for a comprehensive turnaro und of Rajasthan’s electricity distribution sector. The First Loan was closed in March 2017.
18. Digital North East Vision 2022 was released in Guwahati (___________________) by Ravi Shankar Prasad (Minister for Electronics & Information Technology), along with First electronics manufacturing cluster in northeastern region in Guwahati.
- It identifies eight areas namely, Digital Infrastructure, Digital services, Promotion of Electronics Manufacturing, Digital empowerment, Promotion of IT and ITes including BPOs, Digital Payments, Innovation & Startups and Cyber security.
- Under Digital North East, government will invest nearly 10,000 crore over 4 years to implement over 400 projects.
19. Digital payments firm ________________________ acquired Bengaluru-based savings management firm Balance Technology, for approx 12 Crores INR, to enhance its user and merchant interfaces with customised and intuitive user experiences.
20. Digital payments platform PayPal tied up with ______________________ Bank to offer more efficient payment experiences for bank's cardholders.
21. DGFT (____________________________) banned import of petcoke for use as fuel, allowing its import of only for use as feedstock in some selecte industries like cement, lime kiln, calcium carbide and gasification.
22. E-Commerce Firm _____________________ acquired AI-led speech recognition Liv.ai, to introduce easier shopping experience through Voice recongition.
23. ___________________ signed cooperation agreement with member development banks of BRICS to undertake “collaborative research” in distributed ledger/blockchain technology.
24. Financial firm ____________________ partnered with China's Alibaba to launch AI-based cloud computing platform AI Cloud'. It will offer business-centric apps to developers, startups and enterprises that need cloud-computing solutions including customer engagement and easy-to-integrate payments.
25. Google partnered with four Indian banks to grant Instant consumer loans online, after rebranding its UPI Payments app Tez as ________________________. Banks are HDFC Bank, ICICI Bank Ltd, Kotak Mahindra Bank and Federal Bank. The Instanty lending features will be available soon in the App.
26. Government approved expansion of capital base of Higher Education Financing Agency (HEFA) to 10000 crores, under RISE (______________________________________) by 2022. Financing of infrastructure of Centrally Funded Educational Institutions would henceforth be through HEFA loans. Financing windows -
- Technical Institutions more than 10 yr old would repay Principal Portion from internally generated budgetary resources. 100% of interest costs would be serviced by Government.
- Technical Institutions started between 2008 and 2014 would repay 25% of principal portion from internal resources. 75% of principal and 100% of interest costs would be serviced by Government.
- Central Universities started prior to 2014 will repay 10% of principal from internal resources. 90% of principal and 100% of interest costs would be serviced by Government.
- Newly established Institutions (started after 2014) would completely service principal and interest costs of loan through OH-31.
27. Government to Government Umbrella Agreement on Financial Cooperation and Technical Cooperation 2017 under Indo-__________________ Bilateral Development Cooperation signed in New Delhi.
- Financial Cooperation of 610 million Reduced Interest Loan (RIL) and Euro 5.5 million Financial grant
- Technical Cooperation of Euro 38.20 million.
28. Government unlocked green funds worth over Rs _____________ crores to increase the country’s forest cover, as an accumulated amount, deposited by user agencies as compensation for diverting forest land for non-forest purposes, since past 10 years.
- 80 % of this green fund will be utilised by the states for green activities listed under 13 permissible activities.
- Remaining 20 % will be used for 11 listed works to strengthen forest and wildlife protection related infrastructure.
- According to India State of Forest Report (SFR) 2017, India posted a marginal 0.21 % rise in area under forest between 2015 and 2017. India has about 7, 08,273 sq kms of forest, which is 21.53 % of its geographical area, aimed to increase it to at least 33 %.
29. Government, NABARD and National Water Development Agency (NWDA) signed revised Agreement funding of central share of 99 prioritized irrigation projects under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) through LTIF (_______________________).
30. _________________ will adopt 30 villages in flood-hit Kerala as part of its long-term relief and rehabilitation efforts. Also, scientists from U.S.-based Geotechnical Extreme Events Reconnaissance (GEER) Association will investigate impact of the torrential rains that hit Kerala recently.
31. _________________ Govt. launched an online portal for releasing grant-in-aid to government departments. It will make budgetary process more transparent and enhance working efficiency of finance department officials.
32. Hindustan Aeronautics Limited (HAL) become first public sector enterprise to make a transaction on the “TReDS platform”, an online electronic institutional mechanism for facilitating financing of trade receivables of micro, small and medium enterprises (MSME) through multiple financiers. TReDS refers to ___________________.
33. Home Ministry has issued new Standard Operating Procedures (SoPs) for cash refilling of automated teller machines (ATMs)., after rising incidents of attacks on cash vans, cash vaults, ATM frauds and other internal frauds.
- Most Notable event was a recent huge cyber attack on _______________ based Cosmos co-operative bank, in which hackers robbed approx 94 Crores from bank. It was first such attack on any Indian Bank.
- New Terms will be effective from 8 February 2019. There are over 8,000 cash vans in India, handling over 15000 crores daily.
- New Features -
- Sets deadline of replenishing cash in ATMs before 9pm in cities and 6pm in rural areas, 4 PM for Naxal-hit districts.
- Every cash van must have one driver, two armed security guards, two ATM officers or custodians.
- The cash van should not carry cash of more than Rs. 5 crore per trip.
34. _________________ launched a new digital platform 'MyDeal' to simplify capital raising process through capital markets by providing real-time access to information such as investors' feedback, profiles, client orders and deal pricing.
35. IFFCO signed joint venture with Spainish Firm Congelados De Navarra (pioneer in quick frozen (IQF) technology) to set up food processing plant at Ludhiana in ___________________ with an investment of Rs 325 crores, to foray into food processing sector. In JV, IFFCO will have 30% stake.
36. Idea Cellular completed its merger with Vodafone India, after final approval from National Company Law Tribunal (NCLT). Merged entity has more than 41 Crore subscribers, a broadband network of 340,000 sites and market share of 32.2%. It has leadership position in 9 out of 22 circles. _________________ took over as Vodafone Idea first CEO.
37. New Loan agreements signed by India in August 2018 -
- $220 million Loan Agreement and a $80 million Guarantee Agreement with World Bank - For India Energy Efficiency Scale-Up Program, to be implemented by the Energy Efficiency Services Limited (EESL). It will help scale-up deployment of energy saving measures in residential and public sectors, strengthen EESL’s institutional capacity, and enhance its access to commercial financing.
- ______________________ million loan agreement with Asian Development Bank (ADB) - finance improvement of over 400 kilometers of state highways that will enhance connectivity and access to economic centers across 12 districts in Kamataka.
- $375 million loan agreement with Asian Development Bank (ADB) - To contribute to double farming incomes in Madhya Pradesh by expanding irrigation networks and system efficiency.
- Asian Development Bank (ADB) approved financing package of $245 million to implement project for providing safe, sustainable drinking water service to million people in three districts of West Bengal (North 24 Parganas, Bankura and Purba Medinipur) affected by arsenic, fluoride, and salinity.
- Rural Electrification Corporation (REC) signed loan agreement with German bank KfW in Frankfurt for EUR 200 million, for financing clean energy projects in India. This is REC’s fourth line of credit under Indo-German development cooperation.
- Germany will provide soft loan of euro 120 million (INR 990 crore approximately) to India to strengthen sewage water treatment infrastructure in Uttarakhand in an effort to clean River Ganga under Clean Ganga Mission. German development agency GIZ also has prepared ‘Ganga Box’ aimed to target schools-going children and inform them about the river.
- Central Government, State Government of Rajasthan and World Bank signed $250 million Development Policy Loan (DPL) to support Rajasthan in improving the performance of its Electricity Distribution Sector under State’s 24x7 Power for All program
- Second Programmatic Electricity Distribution Reform Development Policy Loan for Rajasthan is second in series of 2 operations planned for a comprehensive turnaro und of Rajasthan’s electricity distribution sector. The First Loan was closed in March 2017.
38. India's economy grew at an impressive __________________ in first quarter of 2018-19 financial year (Apr - June).
- GDP at constant (2011-12) prices in Q1 of 2018-19 is estimated at 33.74 lakh crores, as against 31.18 lakh crore in Q1 of 2017-18, showing a growth rate of ________________.
- GDP Growth Rate was 7.7 % in Previous quarter (Q4 of 2017-18).
39. India's fiscal deficit remained INR 4.29 trillion ($62.57 billion) for April-June Quarter of FY 2018-19 (68.7 % of budgeted target), compared with 80.8 % a year ago. India expects to trim deficit to 3.3 % of GDP this fiscal year, after meeting an upwardly revised fiscal deficit target of _______________________ of GDP in 2017-18.
40. Indian GDP Growth Forecasts (August 2018) -
- RBI retained GDP growth forecast at 7.4 pc for FY’19, in Third Bi-monthly Monetary Policy Statement 2018-19.
- USA's Financial Firm Morgan Stanley projected India’s GDP to grow by 7.5 % in 2018 – 2019.
- As per International Monetary Fund, India’s GDP will grow by 7.3 % in 2018-19 and 7.5 % in 2020.
- India Ratings and Research (Ind-Ra) revised down its FY19 economic growth forecast to 7.2% from 7.4% earlier.
- As per Ficci’s survey ‘Ficci’s Economic Outlook Survey’, Indian economy is expected to grow at 7.4 % in current fiscal.
- Japanese Financial Firm Nomura predicted India’s current account deficit (CAD) to widen to 2.8 5 of GDP in FY19, from 1.9 % of GDP in 2017-18. Note that India's CAD was 0.6 % of GDP in 2016-17.
- Indian economy is expected to grow by around 7.5% in 2018 and 2019, according to Moody’s Investors Service.
- National Council of Applied Economic Research (NCAER) expected India’s growth forecast for the current fiscal (2018-19) at 7.4 %.
- RBI annual report 2017-18 expected India’s growth forecast for the current fiscal (2018-19) at _________________________ %.
41. Inland Waterways Authority of India (IWAI) launched a dedicated portal named FOCAL (_________________________________) to connect cargo owners and shippers with real time data on availability of vessels, To know availability of vessels in the market. It would ensure direct interaction among the vessel operators, shippers and cargo owners.
42. ILO (_______________________) released a report titled ‘India Wage Report: Wage policies for decent work and inclusive growth’, depicting that though India’s economy in the past two decades saw an annual average GDP rate of 7 %, while low pay and inequality persists.
- Wage inequality declined since 2004–05; however, it continues to remain high.
- Despite a decline from 48 percent in 1993-94 to 34 percent in 2011–12, gender wage gap is still steep.
- Women employed as casual workers in rural economy earn lowest in India, which is 22 % of what urban regular male workers earn.
43. Invest India (Department of Industrial Policy and Promotion) launched __________________________ Programme for startups in energy sector, as 3 month programme. It will provide opportunity for startups to collaborate around valuable energy transitions by bringing their ideas to life. Selected startups will receive cash prize grant of up to 5 lakh along with opportunity to pilot their product with corporates.
44. Italian motorcycle-maker Benelli signed MoU with _____________________ government and Adishwar Auto Ride International (AARI) for setting a manufacturing facility.
45. Karnataka Vikas Grameena Bank (KVGB) launched a new deposit scheme called Vikas Bonanza 456, a scheme with tenure of __________________ days an interest rate of 7.10 % for public and 7.60 % for senior citizens. Minimum of 10000 and maximum of 1 crore can be deposited under this scheme.
46. ___________________ Metro Rail Corporation and BSNL have signed an MoU for extending benefits in customer services. BSNL will use the smart card services of DMRC for collection of post-paid bills.
47. ________________ Government announced 500 crores for OBCs in state, to help OBC community develop employment opportunities.
48. Minister of Commerce & Industry and Aviation Suresh Prabhu launched ____________________________ mobile App, developed by Federation of Indian Export Organisations (FIEO). It provides wide range of information required to undertake international trade, Including policy provisions for export and import, GST rate, available export incentives, preferential tariff, market access requirements – SPS and TBT measures. All information is available at tariff line.
- It maps ITC HS code of other countries with that of India and provides all required data without users bothering about HS code of any country. Presently app comes with data of 87 countries.
49. Ministry of Commerce and Industry is developing ___________________________ is to ensure ease of trading in international and domestic markets, by linking stakeholders of EXIM (export and import), domestic trade and movement and all trade activities on single platform.
- It will be implemented in phases and will fulfil Central Government’s commitment to enhance trade competitiveness, create jobs, boost India’s performance in global rankings and pave way for India to become logistics hub.
50. ____________________________ launched a helpline number (011-21400643) for complaints regarding GST rate cuts, To encourage consumers to file complaints against the companies that are not passing GST rate cut benefits.
51. National Highways Authority of India (NHAI) signed unsecured loan agrement of INR _____________________ crores from State Bank of India for 10 years, as Largest amount of loan been sanctioned to NHAI in one stroke by any institution.
52. National Payments Corporation of India (NPCI) launched UPI 2.0, as upgraded version of _____________________ (UPI) -
- It adds 4 new features to UPI,
- Overdraft facility - It will allow users to link their overdraft (OD) account to UPI. Earlier, only current accounts and savings accounts were able to linked with UPI.
- One Time Mandate - It allows users to schedule payments. It also allows pre-authorisation of transaction in which amount will be deducted on date for which has been scheduled.
- Invoice in Inbox - It allows users to get invoices sent by merchants in their inbox, which will help them to view and verify credentials.
- Signed Intent and QR - This will allow users to check credentials of merchants via Quick Response (QR) code. It will enable to check whether merchant is UPI verified or not.
53. New _____________________ Tie Ups -
- Edelweiss Tokio Life Insurance tied up Fincare Small Finance Bank. It aims is to push life insurance to rural population.
- Bajaj Allianz General Insurance and HDFC Life Insurance tied up with Vijaya Bank.
- DHFL Pramerica Life Insurance and Aditya Birla Health Insurance tied up with SVC Co-operative Bank.
54. President Ram Nath Kovind gave his nod to Lok Sabha passed Fugitive Economic Offenders Bill 2018 that aims to curb practice of evading criminal prosecution by economic offenders fleeing from country to evade clutches Indian law by remaining outside jurisdiction of Indian courts. Key Features -
- It is applicable in cases where total value involved in such economic offences is Rs.______________ crores or more.
- It establishes Special Court under the Prevention of Money-laundering Act (PMLA), 2002 to declare a person as FEO. court will appoint ‘administrator’ to oversee confiscated property.
- It empowers director / deputy director (appointed under Prevention of Money-Laundering Act, 2002) to attach any property mentioned in application with permission of special court. Attachment will continue for 180 days, unless extended by court.
- Bill allows any civil court or tribunal to disallow person declared FEO, from filing or defending any civil claim.
- Director / deputy director will have powers vested of civil court.
- Appeals against orders of special court will lie before High Court.
- As per Reports, Vijay Mallya (promoter of defunct Kingfisher Airlines) is biggest offended as he frauded banks of about 7500 crores. Mehul Choksi, promoter of Gitanjali Jewels (7,080 crore) and his nephew Nirav Modi (6,498 crore) took second and third spots.
55. Public sector banks’ non-performing assets declined by Rs ___________________ crore in FY18 due to write-offs. This is about 60 % higher than settlement an year ago.
56. RBI Annual Report 2017 - 18 -
- RBI Expects 7.4 % GDP Growth rate for Current Fiscal 2017-18, compared to 6.7% in previous year.
- RBI Stated that 99.3 % notes of 500 and 2000 Denominations came back into system, after being demonetized in November 2016. There were 500 and 2000 Notes worth INR 15.4 Lakh crores at the time of demonetization, out of which banned notes worth INR 15.31 Lakh crores have came back into economy.
- India's external sector will have to confront global headwinds, but expressed confidence that the Current Account Deficit would largely be financed by foreign direct investment.
- NPA (Non Performing Assets) percentage of Banks is likely to increase further, from __________________________________ % currently.
- Headline inflation that averaged 4.8 per cent during Q1:2018-19, is likely to face upside risks over the rest of the year.
- India remains a preferred destination for foreign direct investment (FDI). India received $37.3 billion capital inflow in 2017-18 as compared to $36.3 billion in 2016-17 and $36.06 in 2015-16.
57. _____________ Updates -
- Allowed non-fund-based Umbrella organisations(UO) at State levels to revive India’s co-operative banking sector. Gujarat is first State to have an UO for UCB sector. A conference of co-operative banking sector under name Sahakar Setu 2018, has been held in Ahmedabad (Gujarat).
- Approved State Bank of Mauritius to operate in country through a wholly-owned subsidiary route under name SBM Bank (India), becoming first foreign bank to obtain such RBI approval.
- Barred Fino Payments Bank from adding new customers after it observed anomalies regarding deposits in the existing accounts. As per RBI, balance in customers' accounts should not exceed Rs 1 lakh. If it does, excess amount should automatically be transferred to any other bank account, provided by customer.
- Paid INR 50000 crores as dividend to Govt for last fiscal (FY 2017-18), 63% more than previous year's 30659 crores (FY 2016-17).
58. Reliance Industries became first Indian company to cross Rs 8 lakh crore ($114 billion) market capitalisation, also taking up Mukesh Ambani’s wealth to over $____________________ billion and cementing his place further as Asia's Richest Man.
- So far in 2018, RIL shares surged over 38 %. RIL added the latest Rs 1 trillion in market cap in just 23 trading sessions.
- Currently, RIL’s market value accounts for 5% of India’s total market cap.
- TCS was first Indian IT company to reach Rs. 7 lakh crore ($100 billion club) market capitalisation (m-cap) milestone in May 2018.
59. Reserve Bank of India (RBI) released Third Bi-monthly Monetary Policy Statement 2018-19 -
- Increased Repo Rate under Liquidity Adjustment Facility (LAF) by 25 basis points to _____________________%.
- Reverse Repo Rate adjusted to 6.25 %
- Marginal Standing Facility (MSF) rate and Bank Rate now stand at 6.75 %.
- RBI retained GDP growth forecast at 7.4 pc for FY’19.
- CRR (Cash Reserve Ratio) and SLR(Statutory Liquidity ratio) stayed at 4 % and 19.5 % respectively.
60. ______________________ Changed Names and IFSC codes of its 1295 branches, after rationalisation/merger with six associate banks and Bhartiya Mahila Bank (BMB). Bank had 22,428 branches across India by the end of the first quarter of the current fiscal.
61. Sarvatra Technologies launched ‘Sevalia Urban Co-operative Bank’ as 450th co-operative bank on ______________________ (NFS). Sarvatra brings many co-operative banks on digital payment platform by making them inter-operable with large banks.
62. Shipping Ministry signed new wage settlement agreement for Group C & D category of Port and Dock Workers, to benefit over 1.35 lakh port and dock workers and pensioners in 12 major ports across country. It includes -
- It will provide ____________________ wage hike to workers and pensioners.
- The lowest grade of workers would get a pay-scale of Rs 20900-43600 and the highest grade worker would get a pay-scale of Rs 36500-88700. Financial implication expected to be around Rs 560 crore per annum.
63. StarAgri Finance signed MoU with _______________________, To provide financial assistance to commodity traders and farmers. Micro-lending would be provided to traders and farmers in Tamil Nadu, Karnataka, Andhra Pradesh and Maharashtra.
64. ________________ asked its customers to replace their ATM cards for Europay, MasterCard, Visa (EMV) chip based ATM-cum-debit cards with magnetic stripe before December 31, 2018.
- RBI had asked banks to issue only chip-based and Personal Identification Number (PIN) enabled debit / credit cards to stop frauds.
- EMV chip card and PIN protects against both counterfeit skimming and lost and stolen card fraud.
65. State Bank of India (SBI) launched its ___________________________ (MOPAD), aimed at providing digital convenience to customers and ease of doing business for merchants. MOPAD also aims at providing convenience to merchants by eliminating multiple machines that they keep in order to facilitate transaction from different sources.
66. Survey conducted by UK-based YouGov named _________________ as most patriotic brand in India, after surveying covered 152 brands across 11 categories.
67. Telecom Operator Reliance Jio partnered with ___________________ to extend next generation of digital banking and payments services to customers. MyJio platform will enable YONO digital banking features and solutions for a superior customer experience.
68. Telecom Regulatory Authority of India (TRAI) announced spectrum auction of 5G services at a pan-India reserve price of about INR _____________________ crore per MHz for first time in India. Previously, in 2016, recommended pan-India reserve price for 700 MHz was 11,500 crore and it has been reduced to Rs.6,538 crore per MHz in 2018.
69. Telecom Regulatory Authority of India (TRAI) integrated TRAI Mobile Apps namely DND 2.0 and MyCall with UMANG (___________________) Platform, With a view to increase reachability and facilitate citizens.
70. Ujjivan Small Finance Bank launched an overdraft (OD) facility for micro and small enterprise (MSE) customers (turnover over ________________), as an add-on product to existing MSE term loans offered by bank.
71. Walmart completion of $_________________ billion deal for acquiring 77 % stake in Indian ecommerce firm Flipkart.
- Kalyan Krishnamurthy will continue to be Flipkart’s CEO.
- Co-founder Sachin Bansal exited with over 7000 Crores in Cash,while another Co-founder Binny Bansal will stay with his roles.
- Walmart will appoint five members to eight-member board of Flipkart.
72. Warren Buffett-led American conglomerate Berkshire Hathaway invested in Indian Financial Firm Paytm, taking 3-4% stake for aprox INR 2500 crores. It has valued Paytm at $_______________ billion.
73. e-Commerce Firm ______________________ unveiled a dedicated portal ‘2Gud‘ for refurbished goods, including mobile phones, laptops and tablets. It would offer refurbished mobile phones, tablets, laptops and other electronic accessories along with a 3-12 month warranty.
