According to the All India Financial Inclusion Survey(NAFIS),the annual income of farmers increased 37.4% between FY13 & 16
More than 88% of rural households now have bank accounts,but only about 24% of them use ATM services at least once in three months.
National Bank for Agriculture and Rural Development HQ-Mumbai.
K S Srinivas took over as the Chairman of the city-based Marine Products Export Development Authority, an agency under the Union Commerce Ministry.
Prior to this he served as Joint Secretary in the Dept. of Agriculture Cooperation and Farmers' Welfare
The MPEDA became functional from 20th April 1972.
As per the Iran officials ,no country is allowed to take over the share of other members for production and exports of oil under any circumstance, and the Organization of the Petroleum Exporting Countries Ministerial Conference has not issued any license.
OPEC Founded -1960, Baghdad, Iraq, HQ- Vienna ,Austria.
Union Agriculture minister Radha Mohan Singh has proposed to the UNs FAO to declare the year 2019 as international year of millets. This will promote cultivation by amending cropping patterns of areas which are especially susceptible to climate change.
Food and Agriculture Organization, HQ- Rome, Italy.
Acc. to the RXIL reports, HAL has become the first public sector entp. to make a transaction on the TReDS platform. It is an online electronic institutional mechanism for facilitating the financing of trade receivables of MSME through multiple finananciers
Receivables Exchange of India (RXIL)- NSE-SIDBI joint venture.
India's fastest growing payments platform, PhonePe has announced entering into a partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to facilitate convenient, fast and secure payments through it, on the IRCTC Rail connect Android app.
PhonePe has 100 million plus users.
Akshay Kumar has been appointed as Road Safety Brand Ambassador by the Union ministry of Road, Transport and Highways to promote road safety through its new campaign. As a part of the campaign, three short videos directed by R Balki, were also launched.
Union Transport Minister Nitin Gadkari.
Teen cyclist Esow Alben has scripted history by claiming India’s first ever medal, a silver at the UCI Junior Track Cycling World Championships. He finished just 0.017 seconds behind gold medallist Czech Republic’s Jakub Stastny.
The Championship was held in Aigle, Switzerland.
RBI has started scrutiny of 200 large accounts including Videocon, Jindal Steel and Power to assess level of stress and provisioning done against them by respective banks as it looks to contain rising non-performing loans in the country’s banking system.
RBI controls the monetary policy of the Indian rupee.
Noted Malayalam poet and Sahitya Akademi awardee Chemmanam Chacko passed away,he was 92.He won several awards, including those by the Kerala Sahitya Akademi, Sanjayan Award, Kunjan Nambiar Kavitha puraskaram, P Smaraka Puraskaram and Mahakavi Ulloor Award.
His first published work was Pravachanam in 1946.