The Department of Economic Affairs, Finance Ministry of India presents the Economic Surveyin the parliament every year, just before the Union Budget. It is prepared under the guidance of theChief Economic Adviser, Finance Ministry. It is the ministry's view on the annual economic development of the country.
Bank of Baroda has signed a Memorandum of Understanding (MoU) with POORTI (Platform for Online Ordering & Rural Transformation of India) Agri Services Pvt. Ltd to enable farmers to purchase agricultural inputs like fertilizers, pesticides, seeds etc.POORTI provides a multi-party mobile commerce platform in vernacular for easy ordering of fertilizers, pesticides, seeds (beyond a given value) by farmers with loans given by various banks.
The Reserve Bank of India (RBI) has added HDFC Bank, the second largest private sector lender of country in list of Domestic Systemically Important Banks (D-SIBs). HDFC Bank is third bank in country to be added in list of D-SIBs after State Bank of India (SBI) and ICICI Bank which were added in 2016 and continue to be in that category.
The World Braille Day is observed across the world every year on 4th January to mark the birth anniversary of Louise Braille. He was the inventor of Braille code. Braille is a tactile writing system used by people who are visually impaired.
Pluto Exchange, a Dubai-based Cryptocurrency Dealer has launched the India?s first mobile ?Bitcoin trading app? fortransacting in virtual currencies. Users of Pluto Exchange?s app will be able to buy, sell, store and spend bitcoins via mobile number using four-digit Personal Identification Number (PIN).
The 60-megawatt Tuirial Hydroelectric power project has been inaugurated by PM from Aizawal, Mizoram. Now Mizoram has become third power-surplus state in North-East after Sikkim and Tripura.Note: Tuirial Dam is an earth fill and gravity dam near Kolasib in the state of Mizoram in India.
Senior IAS officer BN Sharma has been appointed as New Chairman of National Anti-Profiteering Authority (NAAP) under Goods & Services Tax (GST). The post of NAAP Chairman is equivalent to the rank of Secretary to Union Government.
India has the Highest Income Inequality according to the ?World Inequality Report 2018?, released by World Inequality Lab based at Paris School of Economics. India?s Top 1% of earners grabbed 22% share of national income, while bottom 50% managed to get only 15% share.
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