Call Support +91-85588-96644

Exam Categories

International Tests

View More

Defence & Para Military

Assessment-I

View More

Assessment-II

View More

Placement & IT Sector

Assessment-III

View More

Aptitude/GK/Vocational Skill Tests

View More
TCYonline

Login

Sign Up

Please enter a Username or Email ID
Please enter a password
Keep me logged in
Forgot Password?
Please enter your name
Please enter your mobile number
You can't leave Captcha Code empty
By submitting this form, you agree to the Terms & Privacy Policy.
Already Registered? Login Here
OR

Sign Up via Facebook

Sign Up via Google

Sign Up via Twitter

Download Software
Tests given

Download TCY App

App Image
Subscribe to Unlock Test Prep Material close
Choose Exam Category

Unlock All Services And Enjoy The Premium Benefits

1 Month Plan

US$ 10

Subscribe Now

Valid For 1 Month

2 Month Plan

US$ 13

Subscribe Now

Valid For 2 Months

3 Month Plan

US$ 15

Subscribe Now

Valid For 3 Months

4 Month Plan

US$ 17

Subscribe Now

Valid For 4 Months

5 Month Plan

US$ 19

Subscribe Now

Valid For 5 Months

6 Month Plan

US$ 20

Subscribe Now

Valid For 6 Months

7 Month Plan

US$ 21

Subscribe Now

Valid For 7 Months

8 Month Plan

US$ 22

Subscribe Now

Valid For 8 Months

9 Month Plan

US$ 23

Subscribe Now

Valid For 9 Months

10 Month Plan

US$ 24

Subscribe Now

Valid For 10 Months

11 Month Plan

US$ 25

Subscribe Now

Valid For 11 Months

12 Month Plan

US$ 26

Subscribe Now

Valid For 12 Months

  • Payment made in INR entitles you to use Test in INDIA only
  • Each test can be attempted only once
 
loading

General Awareness

googleplus facebook

BUSINESS AND ECONOMY - March 2018

Mar 2018

Dec 08, 2022

Govt. Includes Steel, Pharma, Chemicals in RoDTEP Scheme as Exports Falter

  • Amid faltering exports, the department of commerce expanded the scope of the export boosting scheme, Remission of Duties and Taxes on Exported Products (RoDTEP), to include iron & steel, chemicals and pharmaceuticals.
  • The expanded list of items will be applicable for exports made from December 15. The outlay for the scheme is estimated to be Rs. 1,000 crore.
  • RoDTEP will refund the embedded non-creditable central, state and local levies paid on inputs to exporters. These taxes were not being refunded till now.
  • The scheme was notified on January 1, 2021 and replaced the controversial Merchandise Exports from India Scheme (MEIS) after a World Trade Organisation (WTO) ruling said it violated the provisions of the global trade body by giving export subsidies for a wide range of goods.

NHPC Appoints Mohammand Afzal as Govt. Nominee Director on its Board

  • State-owned hydro power giant NHPC's board appointed Mohammad Afzal as government nominee director.
  • The company also informed that Afzal is not related to any of the directors of the company and not debarred from holding the office of director by virtue of any order of the Securities and Exchange Board of India or any other such authority.
  • Afzal is presently working as Joint Secretary (Transmission) in the Ministry of Power.

Spice Money Partners with Axis Bank for Financial Inclusion in Rural India

  • Fintech player Spice Money 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 rural-urban divide and bring financial inclusivity by providing access to banking products to the last mile at their doorstep, thereby financially empowering thousands of rural citizens living in the hinterlands of India.
  • Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering large and mid-corporates, SME, agriculture and retail businesses.

RBI Hikes Repo Rate by 35 bps to 6.25%

  • The Reserve Bank of India announced a 35-basis-point increase in the repo rate to 6.25 per cent. The RBI Monetary Policy Committee (MPC) voted to raise the rate to bring elevated inflation back towards its target of 4 per cent, governor Shaktikanta Das said.
  • The six-member MPC, which held its bi-monthly policy meeting from December 5 to 7, remained focused on withdrawing accommodation.
  • The MPC's rate action was not unanimous, with 5 out of 6 members voting for the rate hike. The decision on the stance was also not unanimous, with 4 out of six members voting for the retention of the stance.

Arun Kumar Singh Appointed Chairman of ONGC for Tenure of 3 Years

  • In the first instance of a retired official being brought back to head a public sector utility in the oil and gas sector, ex-Chairman of Bharat Petroleum Corporation Limited (BPCL), Arun Kumar Singh, was appointed Chairman and Managing Director of the Oil and Natural Gas Corporation (ONGC) for three years. Singh had retired from BPCL in October 2022.
  • The country's largest oil and gas producer has been without a regular CMD since April 2021, with the senior most director on the board having been entrusted with the additional charge. The company has had a record three interim heads.

Dec 07, 2022

Dish TV Appoints Three Independent Directors

  • Direct-to-home player Dish TV, which is part of the Essel group, appointed three new independent directors on its board. The three are: Sunil Kumar Gupta, Madan Mohanlal Verma and Gaurav Gupta.
  • This is the first major appointment on Dish TV's board after founder-chairman Jawahar Goel stepped down from his position in September.
  • The company also announced the resignation of Executive Director Rajeev Kumar Dalmia from the board, adding that he would continue as the company's chief financial officer.

NITI Aayog Objects to Certain Provisions in Proposed DESH Bill

  • NITI Aayog raised objections to certain provisions pertaining to the proposed DESH bill, which seeks to replace the existing law for special economic zones.
  • In the Union Budget 2022-23, the government had proposed to replace the existing law governing Special Economic Zones (SEZs) with a new legislation to enable states to become partners in 'Development of Enterprise and Service Hubs' (DESH).
  • As per reports, NITI Aayog had concerns on provisions of the proposed bill such as partial de-notification of zones; and removal of NFE (net foreign exchange earnings) requirement.

Centre to Allow Foreign Funds to Invest over 51 % in IDBI Bank

  • The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd., according to a government clarification.
  • The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks. The central bank's residency criteria for promoters applies only to newly set up banks and would not apply to an existing entity like IDBI Bank, the Department of Investment and Public Asset Management said in a response to interested bidders' queries.
  • The Indian government and the RBI would also consider relaxing the five-year lock-in period for shares if a non-banking financial company is merged into IDBI Bank.
  • The clarifications come ahead of a December 16 deadline to submit expressions of interest for a majority stake in IDBI Bank, one of the few lenders that the government is trying to offload its stake in.

Flipkart, Walmart ink MoU with NSIC to Speed up Capacity Creation for MSMEs

  • Home-grown e-commerce brand Flipkart and its parent, US retailer Walmart, signed a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC) to jointly accelerate capacity building for micro, small and medium enterprises (MSMEs) across India.
  • The partners also seek to support MSMEs in their quest to become part of local and global retail supply chains.
  • The MoU was signed at the Walmart Vriddhi Seller Summit in New Delhi, an event that marked the completion of training by 20,000 MSMEs under the Walmart Vriddhi Supplier Development Program (Walmart Vriddhi).

AU Small Finance Bank, ICICI Lombard Partner for Bancassurance

  • AU Small Finance Bank entered into a Bancassurance tie-up with ICICI Lombard General Insurance. The partnership would provide the Bank's diverse customers access to the insurer's portfolio and enhance penetration across India.
  • The bank is rapidly expanding its distribution footprints across India and this tie-up between two giants in their respective industries will aim to further enrich its general insurance offering with agile, digital & paperless solutions offered by ICICI Lombard. The entire suite of products will be offered across 980 plus banking touch points spread over 20 states & 2 union territories. The customer centric products will provide long term financial security to customers and their families. With both organizations believing in offering the best to the customers through innovation and consistency, this partnership would offer customers the best of both worlds.

Hitachi Rail Wins Bid to Run Automatic Metro Train Operations: CMRL

  • A consortium led by Hitachi Rail emerged winner for the largest signalling tender worth Rs. 1,620 crore that would enable automatic train operations, the Chennai Metro Rail Ltd said.
  • The ultra-modern communication-based train control system would allow Chennai Metro rail to take up automatic train operation without the need for a driver.
  • Hitachi Rail STS SPA and Hitachi Rail STS India Pvt Ltd was awarded the bid for the 'design, manufacture, supply, installation, testing and commissioning of signalling, train control and video management system.
  • This is the phase two project of the agency valued at Rs. 1,620 crore and the system would incorporate the metro rail technology currently being used around the world.
  • For safe transport of passengers, the system would undergo intensive testing on various safety parameters and it would be certified by an independent safety assessment team for highest level of safety as per the international standards.

Dec 06, 2022

Jindal Stainless Partners with ReNew Power for 300 MW Hybrid Power Project

  • Leading stainless player Jindal Stainless Limited (JSL) partnered with ReNew Power to develop its proposed 300 MW hybrid energy project.
  • The project will generate 700 million units of green energy annually through a mix of solar and wind technologies.
  • The project with ReNew Power is expected to start commercial operations by May 2024 and will aid in carbon abatement by over 6.5 lakh tonnes per year.
  • JSL is the country's largest stainless steel manufacturer with an annual melt capacity of 1.9 MT.

Samsung Electronics Appoints Lee Young-hee as its First Female President

  • Samsung Electronics promoted a female executive to the president of global marketing for its mobile business, in the first move to tap a female talent for the top post.
  • Lee Young-hee was promoted to the president of the Global Marketing Centre for Samsung's Device eXperience (DX) division that oversees its mobile business.
  • She is the first female president at Samsung, the country's biggest conglomerate, to come from outside the founding family.
  • Lee Young-hee joined the tech giant in 2007 and was promoted to vice president in 2012. Previously working at L'Oreal, she is credited with successfully promoting the image and brand of Samsung's Galaxy mobile phones.

Shriram Finance Merges with Shriram City to Focus on MSMEs and Others

  • Commercial vehicle financing major Shriram Transport Finance Company and two-wheeler and MSME financier Shriram City Union Finance merged to form Shriram Finance Limited (Shriram Finance).
  • According to Shriram Finance, the company will be a diversified player with a robust net worth of Rs. 40,900 crore and Assets under Management (AUM) of Rs. 1,71,000 crore catering to over 6.7 million customers across India.
  • The growth strategy for the company will be focused on driving the self-employed and the micro, small and medium enterprises (MSME) economy.
  • Shriram Finance further announced the appointment of Jugal Kishor Mohapatra as Chairman of the Company and Maya Sinha as an Independent Director.

Biocon Biologics Elevates Shreehas Tambe as Managing Director and CEO

  • Biocon Biologics elevated Shreehas Tambe as Managing Director and CEO of the company with immediate effect.
  • Tambe was Deputy CEO of Biocon Biologics, a subsidiary of Bengaluru-based Biocon.
  • He took over from Arun Chandavarkar, who will continue to serve as a non-executive, non-independent director on the Biocon Biologics board.
  • As per Biocon & Biocon Biologics Executive Chairperson Kiran Mazumdar-Shaw, Shreehas has taken on the responsibility of leading Biocon Biologics as MD & CEO at a time when the company is gearing up for global leadership in biosimilars with the closing of the Viatris acquisition.

Hyderabad Gets India's First Real-time Gold ATM

  • Unlike usual ATMs that dispense money, the Goldsikka ATM in Hyderabad dispenses gold coins. In what is India's first gold ATM, people can insert their debit or credit cards into the Goldsikka and buy gold coins.
  • The ATM has a capacity of storing 5 kg of gold. There are 8 available options for the quantity of gold starting from 0.5 grams to 100 grams.
  • Goldsikka Pvt Ltd launched its first Gold ATM with technology support from M/s OpenCube Technologies Pvt Ltd, a Hyderabad-based start-up company. This is India's first and the world's first real-time gold ATM.

Biocon Biologics Elevates Shreehas Tambe as Managing Director and CEO

  • Biocon Biologics elevated Shreehas Tambe as Managing Director and CEO of the company with immediate effect.
  • Tambe was Deputy CEO of Biocon Biologics, a subsidiary of Bengaluru-based Biocon.
  • He took over from Arun Chandavarkar, who will continue to serve as a non-executive, non-independent director on the Biocon Biologics board.
  • As per Biocon & Biocon Biologics Executive Chairperson Kiran Mazumdar-Shaw, Shreehas has taken on the responsibility of leading Biocon Biologics as MD & CEO at a time when the company is gearing up for global leadership in biosimilars with the closing of the Viatris acquisition.

Dec 05, 2022

UAE Emerges Second Biggest Tea Importer from India after CIS Bloc

  • The United Arab Emirates (UAE) emerged as the second largest importer of tea from India after the Commonwealth of Independent States (CIS) as a block, according to the latest data released by Tea Board. During the period from January to September 2022, UAE imported 28.58 million kilograms of tea from India, a rise of 159 per cent from the similar nine-month period of 2021.
  • CIS countries imported 38.06 million kilograms during that period in 2022, up from 33.34 million kilograms in the corresponding period of 2021.

NPCI Extends UPI Market Cap Deadline by 2 Years

  • The National Payments Corporation of India (NPCI) extended the deadline for Unified Payments Interface (UPI) players to limit to a market cap of 30 per cent by two years to December 31, 2024.
  • In November 2022, the NPCI had proposed a 30 per cent volume cap for third-party app providers (TPAP). Currently, there's no cap on volume and Google Pay and PhonePe hold the market share of about 80 per cent.
  • Taking into account the present usage and future potential of UPI, and other relevant factors, the timelines for compliance of existing TPAPs who are exceeding the volume cap, was extended by two (2) years.

Canara Bank Wins Banker's Bank of the Year Award at Global Banking Summit

  • Canara Bank won the "Banker's Bank of the Year Award 2022" for the India segment at the Global Banking Summit. The public sector lender was adjudged as the Best Bank in India for 2022.
  • The event was held in London where the bank's MD and CEO L. V. Prabhakar received the award from the organisers.
  • The Bankers' Bank of the year awards are considered to be like Oscar Awards for the banking sector and the winners are judged on their ability to deliver returns, strategy, innovation, technology and product and services in their respective geographies in the last 12 months.

Reserve Bank of India Implements 4 Tiered Regulatory Norms for UCB

  • The Reserve Bank of India (RBI) announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs). Besides, the central bank came out with norms pertaining to the net worth and capital adequacy of these banks.
  • The Reserve Bank of India had constituted the Expert Committee on Urban Co-operative Banks, under the Chairmanship of N. S. Vishwanathan, former Deputy Governor, Reserve Bank to examine the issues in urban cooperative banking sector and to review regulatory/ supervisory approach for strengthening the sector. Based on the recommendations of the Expert Committee, RBI had released the Revised Regulatory Framework for Urban Co-operative Banks (UCBs) in July 2022. The four-tiered regulatory framework, based on size of deposits of the UCBs, came into force with immediate effect.

Dec 04, 2022

BCG Carves Out a New Unit for its Digital Transformation Capabilities

  • Management consulting firm Boston Consulting Group (BCG) announced the launch of BCG X – "a hybrid tech, build, and design unit" for accelerated digital transformation, tech and business innovation, Artificial Intelligence, and advanced analytics.
  • As per the global consulting major, the new unit will bring together nearly 3,000 technologists, builders, and designers. The unit will offer solutions for AI, software, design, digital growth, deep tech, and green tech.

Serum Institute, Byju's Top Burgundy-Hurun Unlisted Companies List

  • Serum Institute of India and edtech firm Byju's topped the list of India's most valuable unlisted companies, according to the 2022 Burgundy Private Hurun India 500 study.
  • The Pune-based vaccine producer's value increased 20 per cent to Rs. 2.2 trillion in the past one year. Byju's market value grew 35 per cent to Rs. 1.82 trillion, replacing the country's top bourse, National Stock Exchange (NSE), as the second-most valuable company on the list. NSE saw its market value erode 17 per cent to Rs. 1.39 trillion. Among the top 10 unlisted companies, Swiggy, Parle Products, Razorpay, and Ola saw their market value double.
  • To arrive at the value of unlisted companies, Hurun Research's uses metrics such as price to earnings, Price to Sales, EV to sales, EV to EBITDA of comparable listed companies.

SJVN, Grid Corporation of Odisha to Form JV for Hydro, Solar Projects

  • State-run SJVN Ltd said that its arm SJVN Green Energy and Grid Corporation of Odisha (GRIDCO) will form a joint venture to develop a 1,000 MW hydro electric project and 2,000 MW solar project entailing an investment of Rs. 20,000 crore.
  • The two companies signed a Memorandum of Understanding (MoU) at Bhubaneswar for developing hydro and solar projects by incorporating a joint venture company.
  • This MOU paved a way for formation of Joint Venture between SGEL and GRIDCO for generating green power, new direct & indirect employment opportunities, boost to local businesses, carbon emission reduction, sustainable and overall development of the state.
Share on
Keep Yourself updated on Latest PTE Exam Pattern

Avail Free Topic-wise Tests and various other offers.

Later Allow