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Source: PIB Subject: Economy Context: The Government of India and NABARD have unveiled a common logo for all Regional Rural Banks (RRBs) under the “One RRB, One Logo” initiative. About New Logo for Regional Rural Banks (RRBs): What it is? A single, common logo adopted by all 28 RRBs across India. Aims to create a …
Context: The Directorate of Revenue Intelligence (DRI) seized 46,640 smuggled Chinese firecrackers worth ₹4.82 crore at Nhava Sheva port under its ongoing “Operation Fire Trail”. About Operation Fire Trail: What it is? Operation Fire Trail is a nationwide anti-smuggling initiative launched to detect and prevent the illegal import of foreign-origin firecrackers into India. It focuses …
Source: DD News Context: The Central Board of Direct Taxes (CBDT) launched an aggressive strategy to recover Rs. 2.4 lakh crore of undisclosed income through intensified searches, raids, and data-driven actions. About Central Board of Direct Taxes (CBDT): What is CBDT? The Central Board of Direct Taxes (CBDT) is a statutory authority responsible for administering …
Source: TOI Context: The Finance Ministry has discontinued the Gold Monetisation Scheme (GMS) for medium- and long-term deposits from March 26, 2025. RBI has clarified that existing deposits will continue until maturity; however, no fresh mobilisations or renewals will be allowed. About Gold Monetisation Scheme (GMS): What is GMS? A scheme to mobilise idle gold …
Source: PIB Context: The government launched the revamped BAANKNET portal and e-BKray platform to enhance transparency, efficiency, and value realization in PSU bank e-auctions of non-performing assets. About BAANKNET Portal: What it is: An advanced, integrated e-auction portal for Public Sector Banks and financial institutions to auction properties for recovery of NPA loans. Ministry: Launched …
Source: BS Context: The Government of India launched the revamped ‘BAANKNET’ portal to streamline the e-auction process for properties held by public sector banks (PSBs). About ‘BAANKNET’ Portal: What is BAANKNET? A centralized platform for the e-auction of properties held by PSBs, designed to boost transparency, efficiency, and accessibility. Department/Ministry: Managed by the Department of …
