General Awareness

BUSINESS AND ECONOMY - December 2024

Dec 2024

Dec 25, 2024

New Consumer Protection Apps Launches on National Consumer Day 2024

Union Minister of Consumer Affairs, Food and Public Distribution and Minister of New and Renewable Energy, Pralhad Joshi presided over the celebrations of National Consumer Day 2024, in Vigyan Bhawan in New Delhi with the launch of several pro-Consumer initiatives.
On this occasion, Pralhad Joshi launched the 'Jago Grahak Jago App,' 'Jagriti App,' and 'Jagriti Dashboard' to protect Consumers from Dark Patterns. The Apps would equip the Department of Consumer Affairs with means and resources to identify dark patterns on e-commerce platforms and is soon going to empower consumers with these tools. He also launched National Legal Metrology e-Mapp, which enhances transparency, efficiency, and accountability in governance and operations.
The Jago Grahak Jago App provides consumers with crucial information about e-commerce platforms, helping them identify potentially unsafe websites. The app alerts users to online shopping risks, aiming to raise awareness and empower consumers to make informed decisions when shopping online.
Designed to encourage proactive consumer engagement, the Jagriti App allows users to report websites suspected of using deceptive online practices, such as dark patterns. These reports are sent to the Central Consumer Protection Authority (CCPA) for further investigation, making it easier for consumers to voice their concerns and take action against unfair practices.
The Jagriti Dashboard aggregates data from the complaints submitted through the Jagriti App, offering a comprehensive view of consumer trends. It helps authorities track the prevalence of dark patterns across different platforms, enabling more effective regulation and intervention.

Dec 24, 2024

Indian Oil Board Approves Setting up of Yarn Project in Odisha

Indian Oil Corporation's board approved the investment for setting up a yarn project at Bhadrak, Odisha, in a 50:50 joint venture with MCPI Private Ltd.
The project entails the construction of a 900 TPD continuous polymerisation (CP) unit, along with downstream facilities for draw textured yarn (DTY), fully drawn yarn (FDY), polyester chips, and supporting infrastructure. Indian Oil's equity contribution to the joint venture is pegged at Rs. 657.33 crore.

PVR INOX Appoints Chief Sales Officer Sabharwal as Head

Cinema exhibitor PVR INOX Ltd announced a restructuring of its Rs. 600 crore media business, naming Chief Sales Officer Shalu Sabharwal as the leader of initiatives to focus on deepening market connections and driving growth across the country.
Sabharwal will take the lead in making strategic changes to bolster media business by leveraging a team of industry experts who will take charge of business development across India.

Dec 23, 2024

ICICI Bank, Times Internet Launch Premium Metal Credit Card

ICICI Bank and Times Internet launched the 'Times Black ICICI Bank Credit Card,' a super-premium co-branded card aimed at high-net-worth individuals (HNIs) in India. The card combines exclusive benefits, luxury services, and a unique design, marking a step toward redefining luxury for India's affluent customer segment. Powered by Visa, the card provides a range of perks that cater to the sophisticated lifestyle of professionals and wealthy individuals.

Dec 22, 2024

Tata Power and Canara Bank Partner for Rooftop Solar Loans

Tata Power Renewable Energy, a unit of Tata Power, formed a partnership with the state-run Canara Bank to provide affordable financing options for rooftop solar installations. This collaboration is part of the government's PM Surya Ghar Scheme, which aims to accelerate the adoption of rooftop solar systems across India. The initiative will help residential customers access clean energy solutions at lower costs and contribute to India's renewable energy targets.

Dec 21, 2024

Federal Bank Partners with Ecofy to Accelerate Rooftop Solar Financing for MSMEs

Federal Bank, a leading private sector bank in India, announced a strategic partnership with Ecofy, the country's first green-only NBFC backed by Eversource Capital, to empower MSMEs with innovative financing solutions for commercial rooftop solar installations. This collaboration is among the first comprehensive co-lending initiatives aimed at addressing the solar financing needs of the MSME sector.
The program aims to finance 3,600 kW of rooftop solar installations annually, enabling MSMEs to significantly reduce electricity costs while cutting over 2,500 tons of CO2 emissions each year. This initiative supports India's decarbonisation goals and fosters sustainable business practices.

Bank of Baroda Unveils Phygital Branches to Transform Customer Banking Experience

Bank of Baroda (Bank), one of India's leading public sector banks, is launching Phygital branches to redefine the customer experience. These Phygital branches seamlessly integrate physical and digital banking services for customers with self-service kiosks that provide 24/7 Banking, a Video Contact Centre for non-financial services and Universal Service Desks for in-person customer service.
By seamlessly integrating self-service and assisted service models, Bank of Baroda's Phygital branch is a unique banking concept that meets the diverse requirements of customers. The Phygital branches merge the familiarity of brick and mortar establishments with the efficiency of cutting-edge technology.

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