Banking Questions for NIACL AO Main | 30th January 2019

Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD 2,50,000 per Financial Year (April-March) for any permitted current or capital account transaction or a combination of both.

Digital wallet company Paytm on Tuesday launched 'Paytm Money' app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at Rs 100 per month.

The World Bank Group (WBG) has approved a $25-30 billion commitment plan for India for the 2019-22 period. The new Country Partnership Framework (CPF), endorsed by the WBG board of executive directors focuses on the development priorities of the country - resource efficient and inclusive growth, job creation and building its human capital. The WBG institution comprises of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).

Government has announced its historic decision on 04.07.2018 to fix MSP at a level of at least 150 per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.The MSPs fixed by Government, cost and returns over all-India weighted average cost of production of crops for 2017-18 and 2018-19 is at Annexure.Cost of production varies in different states on account of difference in levels of irrigation, resource endowment, farm mechanization, land holding size, yield of crops etc.

Nearly 1.2 crore jobs were created in the country in the 10-month period till June this year, as per a Central Statistics Office (CSO) report. The CSO's employment outlook report is based on the new member enrolments with retirement fund body EPFO, Employees' State Insurance Scheme (ESIC) and NPS.

The NITI Aayog (Hindi for Policy Commission), also National Institution for Transforming India, is a policy think tank of the Government of India, established with the aim to achieve Sustainable Development Goals and to enhance cooperative federalism by fostering the involvement of State Governments of India in the economic policy-making process using a bottom-up approach.

The World Economic Outlook (WEO) is a survey conducted and published by the International Monetary Fund. It is published biannually and partly updated two times a year. It portrays the world economy in the near and medium context, with projections for up to four years into the future.

Punjab National Bank bagged Hindi implementation award Rajbhasha Kirti. Punjab National Bank got an award for outstanding performance in implementing the Official Language Policy during 2017-18.

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, hosts a conference on Global Digital Content Market (GDCM) 2018, on 14th- 15thNovember 2018, in New Delhi. The conference will feature sessions on music, film, broadcasting and publishing, as well as collective management, emerging models and the implications for the market and policy makers.

The Central Statistics Office is a governmental agency in India under the Ministry of Statistics and Programme Implementation responsible for co-ordination of statistical activities in India, and evolving and maintaining statistical standards. It has a well-equipped Graphical Unit. The CSO is located in Delhi.