A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. Bitcoin is created digitally, by a community of people that anyone canjoin. Bitcoins are ‘mined’, using computing power in a distributed network.This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.The bitcoin protocol –the rules that make bitcoin work –say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin). Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain.

The regional rural bank is not allowed to trade in over-night borrowing market.Scheduled commercial banks (excluding RRBs), co-operative banks (other than Land Development Banks) and Primary Dealers (PDs), are permitted to participate in call/notice money market both as borrowers and lenders.Overnight borrowing market, also known as call market, generally involves borrowing and lending of funds for one day and generally takes place against government securities.

Bank of Baroda (BoB) announced to raise Rs. 3,000 Crore through Basel III compliant bonds.

BharatNet is a project of national importance to establish, by 2017, a highly scalable network infrastructure accessible on a non-discriminatory basis, to provide on demand, affordable broadband connectivity of 2 Mbps to 20 Mbps for all households and on demand capacity to all institutions, to realise the vision of Digital India, in partnershipwith States and the private sector. The entire project is being funded by Universal service Obligation Fund (USOF), which was set up for improving telecom services in rural and remote areas of the country. The objective is to facilitate the delivery of e-governance, e-health, e-education, e-banking, Internet and other services to the rural India.

The Department of Economic Affairs, Finance Ministry of India presents the Economic Surveyin the parliament every year, just before the Union Budget. It is prepared under the guidance of theChief Economic Adviser, Finance Ministry. It is the ministry's view on the annual economic development of the country.

APEC 2017 summit was held in the city ‘Da Nang, Vietnam’ under the theme of ‘Creating New Dynamism, Fostering a Shared Future’. APEC is the forum of 21 pacific region countries, headquartered at Singapore, which promotes free trade in the Asia-pacific region.