India and Nigeria have agreed to finalize the Local Currency Settlement System Agreement to enhance bilateral trade. The agreement, to be settled in Indian rupees and Nigerian naira, was discussed during the 2nd session of the India-Nigeria Joint Trade Committee in Abuja. Key Points from the 2nd Session Delegation and Participants: Led by Amardeep Singh …
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In a significant recognition of Gujarat’s rich cultural heritage, the traditional artisans of ‘Kutch Ajrakh’ have been bestowed with the prestigious Geographical Indication (GI) certificate by the Controller General of Patents, Designs, and Trademarks (CGPDTM). This remarkable achievement celebrates the intricate textile craft that has been deeply rooted in the vibrant region of Kutch for …
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Following the reduction in trade settlement time from T+2 to T+1 and T+0 for select equities by stock exchanges, the Reserve Bank of India (RBI) has decreased the maximum risk for custodian banks issuing irrevocable payment commitments (IPCs) from 50% to 30%. This decision is based on the assumption of potential downward price movements of …
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In a thrilling final match at the Vivekananda Yuba Bharati Krirangan Stadium in Kolkata, Mumbai City FC emerged victorious over Mohun Bagan Super Giant with a scoreline of 3-1, securing their second Indian Super League (ISL) title. This victory marked a historic moment for Mumbai City FC, who had previously clinched their inaugural title in …
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In response to the introduction of the T+1 settlement regime for stocks, the Reserve Bank of India (RBI) has updated the guidelines for custodian banks regarding the issuance of Irrevocable Payment Commitments (IPCs). Under these revised guidelines, custodian banks issuing IPCs will be subject to a maximum intraday risk, considered as capital market exposure (CME), …
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As the Lok Sabha elections in Gurugram, scheduled for May 25, draw near, the district administration has taken a unique approach to encourage voter participation. In a bid to attract the attention of the electorate, particularly the youth, the authorities have roped in India cricketer Yuzvendra Chahal, as well as popular singers MD Desi Rockstar …
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Indian Railways, one of the world’s largest rail networks, is embarking on a new initiative to enhance its services by launching the Vande Metro train, aimed at covering shorter distances efficiently. Inspired by the success of the Vande Bharat Express trains, the Vande Metro train promises modern amenities and convenience for commuters. Vande Bharat Train …
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Ujjivan Small Finance Bank has announced the appointment of Sanjeev Nautiyal as its Managing Director and Chief Executive Officer (MD & CEO) for a tenure of three years, effective from July 1, 2024. The Reserve Bank of India (RBI) has approved this appointment. Nautiyal will assume the role of President in the interim period before …
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In a groundbreaking move, GetVantage, a start-up specializing in revenue-based finance (RBF), has achieved a significant milestone by obtaining a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). This accomplishment marks a pivotal moment as GetVantage becomes the first RBF and alternative funding platform in India to receive such authorization. Strategic …
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Lithium, a crucial component in the production of batteries for electric vehicles, electronics, and energy storage systems, has become increasingly vital in today’s world. As the demand for lithium continues to rise with the proliferation of electric vehicles and renewable energy technologies, understanding the leading lithium-producing countries becomes paramount. Here’s a comprehensive look at the …
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Welcome to the Current Affairs Section of Adda247. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. All the important updates based on current affairs are included in this Daily Current Affairs 2024 article.
