Weekly Current Affairs October 2017: Week III

Banking and Financial Awareness

  • Income Tax department activated ‘Online Chat’ service to redress the grievances of the tax payers.
  • SEBI has reconstituted its committee on market infrastructure institutions under the chairmanship of R Gandhi.
  • RBI has guided banks to issue loans to rural women SHGs at 7 % under Deendayal Antyodaya Yojana- National Rural Livelihood Mission in 2017-2018.
  • Private sector Bank, Yes Bank is to fund Rs.156 Crores for the STP- Sewage Treatment Plant at Varanasi under Namami Gange project.
  • NITI Aayog forecasted that the GDP might grow to 6.9 to 7 % in the fiscal of 2017-2018 and to 7.5% in 2018-2019.
  • Union Bank of India launched an app called Union Sahyog, which offers both English and Hindi.
  • Yes Bank has partnered with an Abu Dhabi International Financial Center, for collaboration in financial technology systems in India and Saudi Arabia.
  • Multi-Commodity Exchange of India Ltd (MCX) launched India’s first commodity options in gold.
  • The Ministry of Finance has permitted all public sector banks and the top 3 private banks ( ICICI Bank, HDFC Bank and Axis Bank) to accept deposits for Small savings schemes.

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