Daily News Analysis

Inoperative account by RBI

05 Jan,2024 Download Pdf 1 Min Read

A savings or current account is treated as inoperative, if there are no ‘customer induced transactions’ in the account for a period of over 2 years.
A customer induced transaction can be a financial transaction initiated by or done at the
- Behest of the account holder by the bank or third party, or
- A non-financial transaction, or

A KYC (know your customer) updation done in face-to-face physical mode or through digital channels such as internet banking or mobile banking application of the bank.

Corporate Average Fuel Efficiency

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Delhi’s Fuel Ban for Old Vehicles

The Delhi Government has faced considerable backlash following its fuel ban for old vehicles under a directive from the Commission for Air Quality Management (CAQM). The ban was implemented to cur

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India State of Forest Report (ISFR) 2023

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International Treaty on Plant Genetic Resources for Food and Agriculture

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Green Climate Fund (GCF)

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Quad Critical Minerals Initiative

The Quad Critical Minerals Initiative launched by the United States, India, Australia, and Japan marks a significant shift in global geopolitics and economic strategy, especially with regard to cr

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NITI Aayog's Proposal

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The newly introduced 1% tax on outbound remittances under the One Big Beautiful Bill Act (OBBBA) by the United States has raised concerns about its potential impact on global remittance flows, particu

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pulse cultivation

The Department of Consumer Affairs, under the Ministry of Consumer Affairs, Food and Public Distribution, has launched an important initiative to promote pulse cultivation in India, especially to

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Gini Coefficient

The Gini coefficient is a key measure used in economics to quantify income inequality within a country or region. Developed by the Italian statistician Corrado Gini, it serves as an essential tool

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