Business/Economy – Important One Liners

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1-India ranks 7th in tourism economy in terms of GDP according to the WTTC (World Travel and Tourism Council).

2-India’s Travel and Tourism sector was also the fastest growing amongst the G20 countries, growing by 8.5% in 2016.

3-Data from the UN World Tourism Organisation (UNWTO) shows that India received only 9 million international arrivals in 2016, placing it at 40th place in the world; a tenth of those received by top-ranking France.

4-WTTC (World Travel and Tourism Council) founded in 1990. Industry: Travel & Tourism
Chairman: Gerald Lawless

5-Headquarters of WTTC (World Travel and Tourism Council): London, United Kingdom

State Bank of India

1-State Bank of India on 28th March 2017 announced offering credit cards to account holders with a balance of INR 20,000-25,000.

2-The card called Unnati will be offered through a network of 20 thousand plus SBI branches

3-Card called Unnati will be issued free for first four years.

4-SBI has close to 30 crore customer accounts, including Jan Dhan Yojana. Post-demonetisation the balance amount in these accounts increased significantly.

5-SBI currently holds 60 per cent stake in SBICPSL and 40 per cent in GECBPMSL.

6-The nation’s largest lender SBI entered credit card business in 1998 by roping GE Capital India, the consumer finance arm of US-based GE Capital.

7-SBI Card, having 4.3 million user, said its latest offering ‘Unnati’ targeted at all SBI customers, including Jan Dhan account holders throughout the country.

8-SBI Founded: 2 June 1806, Bank of Calcutta/ 27 January 1921, Imperial Bank of India/ 1 July 1955, State Bank of India/ 2 June 1956, nationalization

9- SBI Headquarters: Mumbai, Maharashtra, India

10-Chairperson: Arundhati Bhattacharya

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