Knolls Archive of Day 7th of December 2024
Foreign Currency Non-Resident (Banks) Deposits
News: The Reserve Bank of India has decided to increase the interest rate ceilings on Foreign Currency Non-Resident (Banks) Account deposits to support foreign inflows into the country. Foreign Currency Non-Resident (Banks) Deposits About Foreign Currency Non-Resident (Banks) Deposits It is a deposit scheme that enables the Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs)… Continue reading Foreign Currency Non-Resident (Banks) Deposits
Ashtalakshmi Mahotsav
News: Prime Minister has inaugurated the first edition of Ashtalakshmi Mahotsav, which is being celebrated from December 6th to 8th 2024 at Pragati Maidan, Delhi. About the Ashtalakshmi Mahotsav The festival celebrates the beauty, culture, and diversity of the 8 North-Eastern States Assam, Arunachal Pradesh, Meghalaya, Manipur, Nagaland, Mizoram, Tripura, and Sikkim. These states are… Continue reading Ashtalakshmi Mahotsav
Copper Industry in India
News: Copper industry in India faces a major copper shortage following the implementation of the Quality Control Order (QCO) on refined copper from December 1, 2024. Japan, which supplies 80% of India’s copper imports, is still awaiting BIS certification, causing a potential supply disruption. About Copper Copper is a reddish-brown metal known for its high… Continue reading Copper Industry in India
International Advisory Body for Submarine Cable Resilience
News:The International Advisory Body for Submarine Cable Resilience was recently launched to tackle growing challenges and maintain the strength of submarine critical infrastructure. About International Advisory Body for Submarine Cable Resilience It was jointly launched by the International Telecommunication Union (ITU) and the International Cable Protection Committee (ICPC). This initiative aims to enhance the resilience… Continue reading International Advisory Body for Submarine Cable Resilience
MuleHunter.AI: RBI’s AI-Powered Tool to Combat Financial Fraud
News: Recently, the Reserve Bank of India (RBI) urged banks to adopt its AI/ML-based tool, MuleHunter.AI, to address the growing problem of mule accounts involved in digital frauds. About MuleHunter.AI It is a cutting-edge AI tool designed to detect and flag mule accounts, with the aim of tackling financial fraud and money laundering. Developed by–… Continue reading MuleHunter.AI: RBI’s AI-Powered Tool to Combat Financial Fraud
