Loading...

Current Affairs

Kerala Becomes First State With Hallmarking Centers In Every District
Kerala, the southern state of India, has achieved a remarkable milestone by inaugurating a hallmarking center in Idukki. This achievement has solidified Kerala'... Kerala, the southern state of India, has achieved a remarkable milestone by inaugurating a hallmarking center in Idukki. This achievement has solidified Kerala's position as the first state in India to establish hallmarking centers in all of its 14 districts. The Bureau of Indian Standards mandated the practice of hallmarking with the primary goal of protecting consumers, especially those who might not be well-versed with the intricacies of the gold market, from potential exploitation by unscrupulous jewelers.
World Bank's Banga says geopolitics pose 'serious' risk to world economy
World Bank President Ajay Banga said on October 24 that geopolitic tensions pose the biggest threat to the world economy, but that risks "tend to move around" f... World Bank President Ajay Banga said on October 24 that geopolitic tensions pose the biggest threat to the world economy, but that risks "tend to move around" fast, so others should not be ignored. "The U.S. 10-year Treasury [yield] just crossed 5% briefly yesterday, these are areas we haven't seen. So yes, that is right there lurking in the shadows," Banga said during the annual Future Investment Initiative (FII) in Riyadh.
RBI suggests banks to have a minimum of two whole time directors on board
The Reserve Bank of India (RBI) on Wednesday advised all private sector banks to have on board at least two Whole Time Directors (WTDs), including the Managing ... The Reserve Bank of India (RBI) on Wednesday advised all private sector banks to have on board at least two Whole Time Directors (WTDs), including the Managing Director and Chief Executive Officer, on their boards. "The number of WTDs shall be decided by the Board of the bank by taking into account factors such as the size of operations, business complexity, and other relevant aspects," the apex bank added. According to the RBI, the move is suggested to further establish effective senior management in light of growing complexity of the Indian banking sector.