1. Finance Ministry imposed ______________ countervailing duty (CVD) on certain Chinese flat steel products for 5 years to protect domestic players from cheap subsidised imports ?
2. Fitch declared that Indian banks will need an additional capital of __________ billion in order to satisfy all banking rules of global Basel III norms,by March 2019. ?
3. ADB (Asian Development Bank) signed Loan deal worth $200 Million with India's ____________ to provide loans for low income women in rural areas ?
4. ________ will shut down its e-commerce site Abof.com by December 2017, amid strong competition in sector. ?
5. Air India tied up with _________ and IndusInd Bank to secure loans of over Rs 3,000 crore for meeting working capital requirements ?
6. Airtel Business (part of Bharti Airtel) launched __________ as a solution designed to enable small businesses and start-ups to file GST returns securely and seamlessly ?
7. Airtel launched Office-In-a-Box for start-ups registered under _____________ government’s Start-Up Cell initiative. ?
8. As per Report, ___________ leads with 77% registration in new tax regime of GST, leaving behind national average of 23% ?
9. As per survey by Brand Finance, ___________ is India’s most trusted and popular bank, followed by HDFC Bank and Central Bank of India. On popularity charts, ICICI Bank and HDFC Bank take 2nd and 3rd spots respectively ?
10. Asian Development Bank (ADB) approved loan of $80 million (about Rs 524 crore) for modernization of _____________’s technical and vocational education and training (TVET) institutions ?
11. Asian Development Bank (ADB) will increase its annual lending to India to maximum of _______ billion between 2018 and 2022, much higher than average $2.65 billion a year in loans extended during 2012 and 2016 ?
12. ___________ appointed Goldman Sachs, JPMorgan Chase, Axis Bank, JM Financial and Kotak Mahindra Bank as lead managers to manage its proposed initial public offering (IPO). It will look to raise INR 5000 crores by IPO in 2018?
13. ___________ wlll become 8th Maharatna company, upgrading from its Navratna status.
- Maharatna category for CPSEs was introduced in 2009, to empower them to expand their operations globally.
- At present, there are 7 Maharatna companies — Bharat Heavy Electricals (BHEL), Coal India (CIL), GAIL (India), Indian Oil Corporation, NTPC, Oil and Natural Gas Corporation (ONGC) and Steel Authority of India (SAIL).
- Criteria for grant of Maharatna status Include annual turnover of Over INR 25000 crores, annual net worth of Over 15000 crores and annual net profit after tax of Over 5000 crores, during last 3 years.
14. E-Commerce Firm Amazon tied up with the ___________ to offer micro loans to its sellers, to attract more sellers. Amazon Seller Services Pvt Ltd (ASSPL), is bringing in more financial partners so that it can cater to its 225,000 seller base ?
15. Finance Ministry announced to launch ____________from October 2017, to restrict black money holdings and transactions.
- Project Insight has been developed by L&T Infotech Ltd and costs approx $156 Million USD.
- It will observe and check high value transactions and track tax evaders with the help of technology to restrict black money holdings.
- It will also check social media posts and activity of people, to determine tax evasion practices.
16. _____________ (previously Disha Microfin Limited) started its banking operations with branches across Gujarat, Tamil Nadu, Karnataka and Andhra Pradesh ?
17. Fino Payments Bank launched its mobile banking app called ___________ in India, as extension of its already existing wallet in same name that was launched in December 2016. ?
18. GDP Growth Rate Forecasts -
- Japanese financial services company Nomura stated that India’s GDP growth will be around 7.1 % in 2017-18.
- Asian Development Bank (ADB) predicted _______ for India in 2017 - 18 and 7.4 % in 2018 - 19.
- OECD (Paris based think tank) announced that Indian economy will grow at 6.7 % in 2017-2018
19. GST Network (GSTN) reopened registration for comPostscheme for small taxpayers with turnover of up to Rs. ________, that offers easy compliance for business as returns are to be filed only quarterly (not monthly) ?
20. _________ launched mobile wallet and payments app Tez in India, that will let users link their phones to their bank accounts to pay for goods in physical stores and online, also enabling person to person money transfers ?
21. Government approved DIDF (__________________) with outlay of Rs 10881 crore during 2017-18 to 2028-29.
- DIDF will be set up as a corpus of INR 8004 crores with National Bank for Agriculture and Rural Development (NABARD), INR 2001 crores shall be end borrowers contribution, Rs 12 crore would be NDDB/NCDC‘s share and Rs 864 crore shall be contributed by DADF towards interest subvention.
- DIDF activities will include building efficient milk procurement system by setting up of chilling infrastructure & installation of electronic milk adulteration testing equipment, creation/modernization/expansion of processing infrastructure.
- DIDF will be implemented by National Dairy Development Board (NDDB) and National Dairy Development Cooperation (NCDC) through End Borrowers such as Milk Unions, State Dairy Federations, Multi-state Milk Cooperatives, Milk Producer Companies etc. End borrowers will get the loan @ 6.5% per annum with repayment period 10 years.
- With this, Approx 1 crore farmers in about 50,000 villages would be benefitted in form of Additional Milk processing capacity of 126 lakh litre per day, milk drying capacity of 210 MT per day, milk chilling capacity of 140 lakh litre per day etc.
22. Government approved releasing additional _________ Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 1 July 2017. It will benefit about 49.26 lakh Central Government employees and 61.17 lakh pensioners ?
23. Government kept unchanged interest rates on small savings schemes for October-December quarter.
- Investments in PPF (_________________) scheme - 7.8 percent
- Kisan Vikas Patra (KVP) - 7.5 percent (matures in 115 months)
- Sukanya Samriddhi Account Scheme - 8.3 percent annually.
- 5-year Senior Citizens Savings Scheme - 8.3 percent (interest paid quarterly.
24. Government notified that P2P (____________) platforms will be treated as non-banking financial companies (NBFCs) and thus regulated by Reserve Bank of India (RBI).
- It will help P2P lenders to gain official recognition and opens new avenues for fund-raising and business expansion.
- P2P lending is a form of crowd-funding used to raise loans which are paid back with interest. It enables individuals to borrow and lend money, without use of an official financial institution as an intermediary.
25. Government reconstituted 6 Cabinet Committees after recent ministry reshuffle.
- Defence Minister ___________ is inducted as full time member of Cabinet Committee on Security, Cabinet Committees on Economic and Political Affairs.
- Railway Minister Piyush Goyal and Dharmendra Pradhan are included in Cabinet Committee on Economic Affairs (CCEA).
- Cabinet Committees Constituted under Transaction of Business Rules (TBR) 1961 are -
- Appointments Committee of the Cabinet (ACC).
- Cabinet Committee on Accommodation (CCA).
- Cabinet Committee on Economic Affairs (CCEA).
- Cabinet Committee on Parliamentary Affairs (CCPA).
- Cabinet Committee on Political Affairs (CCPA).
- Cabinet Committee on Security (CCS)
26. ____________ has retained its No.1 position in BrandZ India Top 50 report 2017, with its brand value doubled from $9.4 billion to $18 billion since 2014. Others in top 5 are - Airtel, State Bank of India, Asian Paints, ICICI Bank ?
27. ________________ surpassed Tata Consultancy Services (TCS) to become country’s 2nd most valued firm in terms of market valuation on Bombay Stock Exchange (BSE).
- Reliance Industries is India’s most valued firm with market cap of Rs. 533818.72 crores.
28. _____________________ signed agreement with Indian microfinance industry association Sa-Dhan to develop digital ecosystem for India's unbanked segment ?
29. ICICI Bank announced a new home loan scheme that offers borrowers benefit of ________ cashback on every EMI, for entire tenure of loan (15 - 30 years). Cashback will be accrued from first EMI and will given to customer after completion of 36th EMI ?
30. _________ launched ‘Project Nishchay’ in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance ?
31. India signed a loan deal worth $76 million with ___________ International Cooperation Agency to upgrade environment management plan at Alang-Sosiya ship recycling yards in Gujarat ?
32. Indian IT Firm __________ acquired London-based Brilliant Basics for GBP 7.5 million ?
33. Insurance Regulatory and Development Authority of India (IRDAI) approve online non-life insurance company ____________ and it will start operating in December 2017. It will sell multiple insurance products through online channel. ?
34. International Finance Corporation (Member of World Bank Group) invested $10 million in Indian Power Sector startup firm Power2SME.
- IFC will also invest USD ________ in realty firm Mahindra Lifespace Developers industrial park projects
35. Markets regulator _____________ barred Orion Capital, Orion Broking and their partners from securities markets for 10 years for failing to redress several investor grievances pertaining to non- settlement of funds due to the clients.
36. Ministry of Commerce and Industries has set up _________ online service for effective resolution of foreign trade-related issues of importers and exporters. It will enable traders to raise all trade related matters to Directorate or other agencies of Centre and States ?
37. Ministry of Housing & Urban Affairs (MHUA) ordered review of Floor Space Index (FSI) and Floor Area Ratio (FAR) norms in mega cities.
- FSI is ratio of building’s total floor area to size of piece of land on which it is built. It will be taken up in all 53 cities with population above _____________.
38. Multilateral funding agency ADB approved USD ________ million loan for carrying forward fiscal reforms in West Bengal.
- West Bengal for the first time in 2012 received a USD 400 million from ADB.
39. National Bank for Agriculture and Rural Development (NABARD) sanctioned loan of Rs.119 crore for __________ to construct 7 bridges and improvement of one rural road project in five districts ?
40. New Gross State domestic product data by Central Statistics Office, with ________ as base year -
- Jammu and Kashmir and Arunachal Pradesh were fastest expanding State economies in 2015-16. Arunachal Pradesh’s gross State domestic product (GSDP) expanded 16.5 % and that of Jammu and Kashmir 14.7 %. National growth rate remained 8 %.
- Top 5 - Maharashtra (16.6 lakh crores), Tamil Nadu (9.4 lakh crores), Gujarat (9.013 Lakh Crores), Uttar Pradesh (9.012 Lakh crores).
41. _________ partnered with National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card for its Payments Bank users. Customers will be able to transact at merchants accepting credit / debit cards ?
42. Private Bank __________ and India's second largest Microfinance company Bharat Financial Inclusionsigned confidentiality agreement for proposed merger between them ?
43. ___________ and BSNL partnered to roll out open mobile wallet Speedpay across 10 states ?
44. _________ received in-principle approval from Insurance Regulatory and Development Authority of India (IRDAI) for its initial public offering (IPO) ?
45. Reserve Bank of India (RBI) announced that Masala bonds (rupee-denominated overseas bonds) will be treated as ECB (__________), thereby freeing up more investments by FPIs. Current limit for investment by foreign portfolio investors (FPIs) in corporate bonds is Rs 244323 crore (including masala bonds of 44,001 crores) ?
46. Reserve Bank of India (RBI) released its 2017 list of the Domestic Systemically Important Banks (D-SIBs) and added ____________ as a D-SIB. Now, It has joined State Bank of India (SBI) and ICICI bank, that are tagged as D-SIBs or too-big-to-fail for consecutive 3rd year ?
47. Reserve Bank of India (RBI) stated that it uses sophisticated CVPS (__________________) Machines for checking numerical accuracy and genuineness of currency notes including Specified Bank Notes of Rs 500 and Rs 1000 instead of counting machines ?
48. Reserve Bank of India will introduce _______ rupees coin to mark 100th birth anniversary of AIADMK founder M G Ramachandran, weighing 35 grams ?
49. SBI (State Bank of India) launched its new Management Institute in _________ (overall 6th) named as State Bank Institute of Management (SBIM)?
50. SBI Life Insurance received approval from Securities and Exchange Board of India for an IPO (Initial Public Offering) of up to Rs _______________________ crore. SBI owns 70.1 % of SBI Life Insurance and BNP Paribas Cardif holds 26 % stake.
- SEBI also allowed ICICI Lombard General Insurance Company to launch its approx INR 6,000 crores initial public offer (IPO).
51. SEBI allowed REITS (__________) and Infrastructure Investments Trusts (InvITs) to raise capital by issuing debt securities. REITs now require to have 50% stake in holding company, marginally less from earlier limit of 51%. REITs have been allowed to lend to an underlying holding company or a special purpose vehicle (SPV) ?
52. Securities and Exchange Board of India (SEBI) has imposed Rs 2,423 crore fine on ______________, as highest ever Sebi penalty on a defaulter for illegal fund mobilisation through various schemes ?
53. _________ Based DBS Bank received RBI approval to convert its existing India franchise to a locally incorporated wholly-owned subsidiary (WOS) in India ?
54. State Bank of India (SBI) launched FTSE SBI Bond Index series in partnership with global index provider ________________, which will give tools to investors from India, the UK and globally to analyse India’s government bond market, and drive growth in market ?
55. State Bank of India (SBI) launched its first ever chatbot called SIA (_________________), which would be powered by AI and will assist customers. It has been developed by Artificial intelligence banking platform Payjo ?
56. State Bank of India lowered Minimum Average Monthly Balance (MAB) requirement in a savings account to Rs ___________ from Rs 5,000 and also revised downwards penalties for not maintaining such balance ?
57. Telecom Regulatory Authority of India (TRAI) has cut mobile termination charges (MTC) to _________ paise per minute (currently 14 paise per minute) with effect from October 1, 2017. MTC would be completely cut by January 1, 2020.
- MTC is paid by operator whose subscriber makes a call to the operator whose subscriber receives the call.
- This will lead to reduction in call rates and will benefit subscribers further.
- This decision has originated from a dispute between Reliance Jio and other top telecom operator.
58. Unique Identification Authority of India (UIDAI) ruled that banks without Aadhaar enrolment centres in 10 % of branches will pay Rs.__________ fine for per uncovered branch from October 2017 ?
59. e-Commerce Firm ___________ developed India’s first “anti-theft” packaging to prevent goods from in-transit theft and damage, exclusive pilferage protection box specially designed for electronic goods and high-end mobiles. ?
