General Awareness

BUSINESS AND ECONOMY - December 2018

Dec 2018

Jun 07, 2025

RBI Launches Five-part Documentary Series titled 'RBI Unlocked: Beyond the Rupee'

The Reserve Bank of India, in collaboration with JioHotstar, launched a five-part documentary series titled 'RBI Unlocked: Beyond the Rupee.' The project has been produced by Chalkboard Entertainment. The project was commissioned by RBI to visually document its 90-year history, with the objective of creating awareness about its various functions and roles. This documentary portrays the essence of RBIs functions in an intelligible manner to a wider demographic of people.
The Documentary Covers
Monetary Policy: How interest rates and inflation are managed.
Currency Management: Design, production, and security features of Indian currency.
Bank Supervision: Regulation of commercial banks and NBFCs.
Digital Payments and Fintech: UPI, RTGS, and innovations.
Financial Inclusion: RBI's role in improving access to finance for underserved communities.

Jun 06, 2025

Flipkart Secures NBFC Licence from RBI, Enters Direct Lending Space

In a groundbreaking development for India's digital economy, Walmart-owned Flipkart received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). With this licence, Flipkart can now offer loans directly to its customers and sellers, moving beyond partnerships with traditional lenders. This move marks the first time an Indian e-commerce giant has been granted such a licence, paving the way for deeper fintech integration in online retail.

Central Bank Acquires 25.18% Stake in Future Generali India Life Insurance

State-owned Central Bank of India acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs. 57 crore as part of the insolvency process.
With this acquisition the bank has ventured into the insurance sector.

India and Kyrgyzstan's BIT Comes Into Force

The new Bilateral Investment Treaty (BIT) between India and the Kyrgyz Republic comes into force, marking a significant milestone in their bilateral economic relations.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman and Minister of Foreign Affairs of the Kyrgyz Republic, Zheenbek Kulubaev Moldokanovich signed the Protocol and exchanged Instrument of Ratification of the Bilateral Investment Treaty (BIT) in New Delhi.
The aim of this BIT is to promote and protect the interests of investors from both countries within each other's territories. The treaty incorporates several key features designed to create a balanced framework for investment. It highlights that the importance of sustainable development.

Jun 05, 2025

Amul Launches Milk in Spain

Gujarat Co-operative Milk Marketing Federation Limited, popularly known as Amul, partnered with Cooperativa Ganadera del Valle de los Pedroches (COVAP), Spain's first-tier cooperative, and launched Amul milk in Spain and the EU.
The official launch took place at Embassy of India, Madrid in the presence of Dinesh K. Patnaik, Ambassador of India to the Kingdom of Spain, D. Fernando Heredia Noguera, Deputy Director for International Relations and Community Affairs, Spanish Ministry of Agriculture, Fisheries and Food, Ricardo Delgado Vizcaino, President, COVAP and senior officials of Amul and its channel partners of Spain.
Amul, with its 3.6 million dairy farmers, is the world's largest farmer-owned dairy cooperative.

Boeing Names New India Tech Chief

Aerospace giant Boeing named Shashank Jha as India site leader for Information Digital Technology & Security (IDT&S) and Chief Information Officer (CIO) of Boeing India.
Based in Bengaluru, Jha will lead strategy and operations for Boeing's IDT&S team in India, which includes nearly 1,500 members. In this role, he will focus on strengthening collaboration, talent development, and IDT&S India site engagement.

Jun 04, 2025

Canara Bank Removes Minimum Balance Rule for All SB Accounts

Canara Bank announced the removal of charges for non-maintenance of minimum balance across all types of Savings Bank (SB) accounts, including regular, salary, and NRI accounts.
Effective June 1, 2025, the move made Canara Bank the first major public sector bank to implement a blanket waiver on minimum balance penalties for all SB account categories.
Previously, account holders were required to maintain a specified Average Monthly Balance (AMB) or face penalties. With this policy change, such fees will no longer apply, offering more flexibility and financial relief to customers.

Deutsche Bank Appoints Stefan Schaffer as CEO of India GCC

Deutsche Bank appointed Stefan Schaffer as the new CEO of its India Global Capability Centre (GCC). Schaffer will also operate as the Global CIO for Corporate Functions and Head of Global Technology Centres at Deutsche Bank.
Since joining Deutsche Bank in 2020, Stefan has held several senior leadership roles within the Technology, Data and Innovation (TDI) division. His tenure includes serving as Head of the Bucharest Technology Centre and President of the Board of Directors in Romania.

Delta Electronics Signs Deal with Ventus Energy to Reduce Carbon Footprint

Energy and power management solutions provider Delta Electronics India signed a power purchase agreement with Ventus Energy Consultancy to reduce its carbon footprint in the country.
A power purchase agreement is a long-term deal between a power supplier and a power consumer. It outlines the terms of electricity sale, including the price, volume, and duration of the agreement.
Delta Electronics would source a combined 9.6 million units of wind power annually to power its manufacturing facilities in Tamil Nadu.

Jun 03, 2025

S. Padmanabhan Appointed Chairman of Tata Chemicals

In a strategic leadership development within the Tata Group, S. Padmanabhan, a seasoned executive and PGP'82 alumnus of IIM Bangalore, was appointed as the Chairman of Tata Chemicals.
His career in the Tata group of companies began with Tata Consultancy Services Limited (TCS) in 1982 and spans over 40 years. During his 26-year stint in TCS, he held roles such as Executive Director of Human Resources, Head of Application Development and Maintenance, Head of Airlines Practice, Country Manager, TCS Switzerland and position of Executive Director.

Air India Enters into Codeshare Agreement with Icelandair

Air India and Icelandair announced their new codeshare partnership. The partnership will significantly boost connectivity between India and Iceland with seamless travel options across 15 routes in India and Europe.
This strategic partnership strengthens travel and trade ties between India and Iceland, offering passengers greater flexibility and choice while ensuring a seamless travel experience with convenient connection times, unified baggage allowances, and enhanced connectivity through major European hub airports.
The two airlines signed the codeshare agreement on the sidelines of the 81^st Annual General Meeting (AGM) of the International Air Transport Association (IATA), held in New Delhi in June.

Punjab & Sind Bank MD S. K. Saha Get Extension

The Union government extended the tenure of Swarup Kumar Saha, Managing Director and Chief Executive Officer of Punjab & Sind Bank, until his superannuation on February 28, 2027, or until further orders, whichever is earlier.
Saha's current term was set to end on June 2, 2025. The extension was granted under clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.

Indian Oil Finalises India's Largest Green Hydrogen Project at Panipat

State-owned Indian Oil Corporation (IOC) finalised the levelised cost of hydrogen (LCoH) for setting up a 10,000 tonnes per annum green hydrogen generation unit at its Panipat refinery and petrochemical complex in Haryana, advancing India's clean energy ambitions.
This marks IOC's entry into the green hydrogen space with India's largest-ever green hydrogen project to date.
Slated for commissioning by December 2027, the green hydrogen produced will replace fossil-derived hydrogen in refinery operations, resulting in substantial reduction in carbon emissions.

Bangladesh Introduces New Currency Notes Without Mujib

Bangladesh's central bank, under Nobel Laureate Mohammad Yunus' interim administration, dropped the portrait of the country's founding father and exiled leader Sheikh Hasina's father Sheikh Mujibur Rehman from new currency notes.
The new notes will showcase symbols of the country's heritage, including temples, monasteries, historic buildings, and artwork by Zainul Abedin, a prominent Bangladeshi artist.
The Bangladesh Bank unveiled redesigned Tk 20, Tk 50, and Tk 1,000 notes ahead of Eid.
The redesigned notes are being introduced following a political controversy over Sheikh Mujibur Rehman's face on the currency notes.

Share on

TCY Analytics (View Subscription Plans)

Subscribe to GK Updates

I want to receive

GK Tags

July GK, June GK, May GK, INTERNATIONAL AFFAIRS, ENVIRONMENT, BUSINESS AND ECONOMY, SCIENCE & TECHNOLOGY, SPORTS, NATIONAL AFFAIRS, DEFENCE, PERSONS IN NEWS, DAYS AND EVENTS, AWARDS AND HONOURS, GOVERNMENT POLICIES AND SCHEMES, GENDER/ HEALTH/ EDUCATION, ART AND CULTURE, BOOKS AND AUTHORS, TOURISM AND HOTEL INDUSTRY AWARENESS, ART AND CULTURE, LAW AND CONSTITUTIONAL AFFAIRS

Start Discussion

On any topic

Take Tests

Compiled from GK updates

Login

Sign Up

Forgot Password

Download TCY App

Unlock All Services And Enjoy The Premium Benefits

US$ 10

US$ 13

US$ 15

US$ 17

US$ 19

US$ 20

US$ 21

US$ 22

US$ 23

US$ 24

US$ 25

US$ 26