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RBI relaxes the end-use stipulations under ECB Framework

Based on the feedback from stakeholders and with a view to further liberalise the ECB framework, it has been decided, in consultation with the Government of India, to relax the end-use stipulations relating to external commercial borrowings for Working Capital requirements, General Corporate purposes and Repayment of rupee loans. Accordingly, eligible borrowers will now be […]

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Mrutyunjay Mohapatra takes charge as IMD head

‘Cyclone man’ Mrutyunjay Mohapatra took over as the director general of meteorology of the country’s weather department. Mrutyunjay Mohapatra, 54, replaced K.J. Ramesh, who headed the India Meteorological Department (IMD) since 2016. Daily Current Affairs Quiz 2019 Ramesh’s time at the helm was marked by several extreme weather events, including Cyclone Fani, the most intense

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India to conduct 1st National Time Release Study

The Department of Revenue, Ministry of Finance, as part of its strategic commitment to improve global trade, is conducting India’s first national Time Release Study (TRS) between 1st – 7th August. The exercise will be institutionalized on an annual basis, during the same period every year hereafter. The Time Release Study is an internationally recognized

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Guruprasad Mohapatra Assumes charge as Secretary DPIIT

Dr. Guruprasad Mohapatra,an Indian Administrative Service (IAS) Officer of 1986 batch, assumed charge of the office of Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) in New Delhi. Daily Current Affairs Quiz 2019 Prior to taking over as Secretary, DPIIT, he served as Chairman of Airports Authority of India (AAI). Dr. Mohapatra brought

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Edelweiss Tokio Life ties up with MobiKwik to offer insurance solutions

Edelweiss Tokio Life ties up with MobiKwik to offer insurance solutions. MobiKwik is a leading fintech platform, to offer mobile-based group insurance solutions for the latter’s customers. Daily Current Affairs Quiz 2019 Through this partnership, Edelweiss Tokio Life will offer life insurance in the variants of ₹1 lakh, ₹3 lakh and ₹5 lakh through MobiKwik’s

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Nigeria becomes 4th African nation to join Global coalition

Nigeria became the 4th African country to join the Global Coalition of the Willing on Pollinators on July 25, 2019. Daily Current Affairs Quiz 2019 Ethiopia was the first African nation to be part of this Global Coalition in 2017 while Morroco became a member of this group in May this year. Burundi was the

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48 countries tourists are exempted from visa fees

48 countries tourists are exempted from visa fees by Sri Lankan govt including India and China from August 1 as part of efforts to attract more tourists to the country. Daily Current Affairs Quiz 2019 In a media briefing here, Tourism Development, Wildlife and Christian Religious Affairs Minister John Amaratunga said that Cabinet approval has

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Clean air initiative Launched by India and UK

India and UK launch clean air initiative in Bengaluru that would provide a unique air quality measurement system by integrating satellite and sensor data and support India’s transition to Electric Vehicles (EVs). Daily Current Affairs Quiz 2019 Aim : The initiative – Innovating for Clean Air (IfCA) will identify innovations having potential to improve air

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Infosys Opens New Cyber Defence Centre in Romania

Infosys Opens New Cyber Defence Centre in Romania. The Defence Centre is an expansion of services delivered through the Infosys Digital Innovation Centre which opened in Bucharest earlier this year. Daily Current Affairs Quiz 2019 The Defence Centre will provide end-to-end, real-time, 24/7 cyber security monitoring and protection services to support European and global businesses

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Rajya Sabha passes IBC amendments, Bill 2019

The Rajya Sabha passes IBC amendments, Bill 2019. While the first Bill is to curb illegal ponzi schemes, the second Bill, which will have to be cleared by the Lok Sabha also, eases the process of corporate restructuring and removes ambiguities in the three-year-old law. Daily Current Affairs Quiz 2019 Replying to a debate on

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