US President-elect Donald Trump announced on Monday his nomination of former Wisconsin Representative and current Fox News host Sean Duffy as transportation secretary. If confirmed, Duffy will manage policies related to aviation, automotive, rail, transit, and other transportation sectors. He will also oversee a $110 billion departmental budget and substantial funding allocated under the Biden administrative €™s 2021 $1 trillion infrastructure law, including provisions for EV charging stations.
SEBI stands for Securities and Exchange Board of India. It is a statutory regulatory body that was established by the Government of India in 1992 for protecting the interests of investors investing in securities along with regulating the securities market.
The headquarters of the Security and Exchange Board of India is located in Mumbai, Maharashtra and has four regional offices in New Delhi, Kolkata, Chennai and Ahmedabad.
current chairperson of the Securities and Exchange Board of India (SEBI)
In banking there are 2 types of Deposits
1.Demand deposits.
2. Time deposits.
A demand deposit is money deposited into a bank account with funds that can be withdrawn on-demand at any time. The depositor will typically use demand deposit funds to pay for everyday expenses. For funds in the account, the bank or financial institution may pay either a low or zero interest rate on the deposit
Examples are savings accounts and current accounts.
A time deposit is an interest-bearing bank account that has a date of maturity, such as a certificate of deposit (CD). The money in a time deposit must be held for the fixed term to receive the interest in full. Typically, the longer the term, the higher the interest rate that the depositor receives.
Examples are Fixed deposits for 7 days to 10 years with interest based on no of days.
The IDBI Bank Limited (IDBI Bank or IDBI) is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India.
IDBI Bank provides financial services to industrial sector. It was established in 1st July 1964.
Head quarters is in Mumbai.
The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI)[4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India.[5] It was established under the NABARD Act 1981 passed by the Parliament of India.[6] It is fully owned by Government of India and functions under the Department of Financial Services (DFS) under the Ministry of Finance.[7
Present chairman Shaji K V.
Head quarters is in Mumbai.
The Export-Import Bank of India (Exim Bank) is a specialized financial institution in India that was established in 1982. The bank's primary function is to finance, facilitate and promote India's international trade. It is owned by the Government of India and operates as a statutory corporation. Its operations are governed by the Export-Import Bank of India Act, 1981.
Present chairman Ms. Harsha Bangari.
Head quarters is in Mumbai.
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