Questions

IDBI Bank has launched ‘Project Nishchay’ in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance. BCG will assist us to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the Bank.

Senior IAS officer BN Sharma has been appointed as New Chairman of National Anti-Profiteering Authority (NAAP) under Goods & Services Tax (GST). The post of NAAP Chairman is equivalent to the rank of Secretary to Union Government.

The Internet of Things refers to the ever-growing network of physical objects that feature an IP address for internet connectivity, and the communication that occurs between these objects and other Internet-enabled devices and systems.

The Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as member in ‘Financial Stability Institute Advisory Board’ of ‘Bank ofInternational Settlement (BIS)’. The Advisory Board will comprise a small but diverse group of central bank Governors, heads of financial sector supervision and chairs of standard-setting bodies and regional supervisory groups.Note:The ‘Financial Stability Institute Advisory Board’ of BIS assists financial sector authorities worldwide in strengthening their financial systems.