Banking, Business & Economic Affairs

Banking, Business & Economic Affairs

o  India is going to host the 3rd Annual Meeting of the Board of Governors of AIIB at Mumbai on 25th and 26th June 2018
o  Theme of this Meeting : “Mobilizing Finance for Infrastructure: Innovation and Collaboration”.  
o  About AIIB :
o  Full form of AIIB : Asian Infrastructure Investment Bank
o  Type : Multilateral development bank. 
o  President : Jin Liqun
o  Official Language : English
o  Mission : To improve social and economic outcomes in Asia and beyond.
o  Formed on : 16th January 2016
o  Headquarters : Beijing, China
o  Members : 80 (58 Actual Members + 22 prospective members)
o  Note: India is founding member and also the 2nd largest shareholder in AIIB. 

o  The Centre today issued a notification taking back the December 31 deadline for linking bank accounts with the Aadhaar number.

o  Billionaire Elon Musk-backed digital payments startup Stripe has launched its private beta version in India. 

o  The US-based startup has launched the invite-only service with a small group of companies to test the platform and get feedback on its features. 
o  Note :  Founded in 2010, Stripe is currently present in 25 countries.

o  The World Bank announced that it will stop financing upstream oil and gas projects after 2019. 
o  The move is aimed at helping nations meet their targets of curbing greenhouse gas emissions as part of the 2015 Paris climate agreement.

1 comment:

  1. The application form of SSC MTS 2018 will tentatively release on 3rd November 2018. In order to appear in the recruitment process, it is mandatory to fill SSC MTS Application Form 2018. The application Form will release online so that candidates can submit the same easily.

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