Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.
1. SAP launches solution to help SMEs
‘GST in a box’
Enterprise application software maker SAP launched a solution for SMEs to help them become compliant with the Goods and Services Tax (GST).
SAP has launched ‘GST in a box’, an all-inclusive solution portfolio designed to help SMEs.
SAP has committed to provide businesses with the necessary consultation and technology to efficiently adopt the GST regime through various initiatives.
2. Golden Peacock Business Award 2017
GMR Hyderabad International Airport Ltd has won
GMR Hyderabad International Airport Ltd has won the Golden Peacock Business Excellence Award 2017.
Golden Peacock Business Excellence Award seeks to characterize validated best management practices, as a basis for accelerating the rate of organizational improvement.
The Golden Peacock Awards were established in 1991.
3. Labour Ministry has proposed a minimum monthly income
Rs 10000 minimum monthly wage
The Labour Ministry has proposed a minimum monthly income of Rs.10000 for contract workers.
The move will drastically increase the minimum wages of contract labourers from around Rs.6000 per month that is paid to them in a few sectors at present.
At present, employers give the fixed minimum wages to workers for 45 economic activities.
4. YES Bank wins award
‘Golden Peacock Innovative Product Award 2017’ for innovative mobile technology.
YES BANK has won the prestigious ‘Golden Peacock Innovative Product/Service Award 2017’ for its innovative mobile technology product, SIMsePAY.
The Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are regarded as a benchmark of Corporate Excellence worldwide.
YES BANK is India’s fifth largest private sector Bank with a pan-India presence.
5. 10 heritage sites to be developed
The government announced 10 new iconic places
The government announced 10 new iconic places which would be developed as cleanliness role models under the “Swachh Bharat Mission”.
The decision to choose new places was taken at the second quarterly review meeting of the swachh iconic places, an initiative of the ministry of drinking water and sanitation under Swachh Bharat Mission.
6. e-SOT and e-PRAN card launched for Atal Pension Yojana subscribers
view to digitally empower the Atal Pension Yojana
With a view to digitally empower the Atal Pension Yojana (APY) subscribers and to improve the quality of service, the facility of online viewing of the statement of the transactions (e-SOT) and also the e- Permanent Retirement Account Number (e-PRAN card) have been launched.
7. Reserve Bank of India to issue new 5 and 10 coins
new 5 coins to celebrate the 150th anniversary of the Allahabad High Court.
The Reserve Bank of India (RBI) will soon put into circulation new 5 coins to celebrate the 150th anniversary of the Allahabad High Court. New 10 coins have also been minted to commemorate the 125th year of National Archives of India.
8. Government sanctions 1 lakh houses worth 4,200 cr for urban poor
Pradhan Mantri Awas Yojana(PMAY)
The Central Government has sanctioned construction of over one lakh more houses for the urban poor with an investment of Rs 4,200 crore under the Pradhan Mantri Awas Yojana(PMAY).
9. Agriculture Ministry comes up with model APMC Act to integrate agri markets
Agricultural Produce Market Committee (APMC) Act
The Agriculture Ministry has come up with a new model Agricultural Produce Market Committee (APMC) Act proposing single-point levy of market fee across a State and a united single trading licence for cost-effectiveness of transactions.
It has also suggested abolition of fragmentation of market with the State/Union Territory by removing the concept of notified market area insofar as enforcement of regulation by the Agricultural Produce and Livestock Market Committee (APLMC) is concerned.
10. AIIMS Becomes India’s First Public Hospital For Eye Tumours
To start plaque brachytherapy facility
The All India Institute of Medical Sciences (AIIMS) is India’s first public hospital to start plaque brachytherapy facility for the treatment of eye tumours
The facility is a form of local radiation delivered to the eye through a radioactive device which is attached to the eye for a temporary period of time.
The facility at the Rajendra Prasad Centre for Opthalmic Sciences will treat children suffering from a type of cancer called Retinoblastoma and adults who suffer from melanoma.