Cambodia, Uzbekistan, and Cote D'Ivoire receive ICC membership status

Cambodia, Uzbekistan, and Cote D’Ivoire receive ICC membership status

The International Cricket Council (ICC) has given the membership status to three countries, Cambodia and Uzbekistan (Asia), and Cote D’Ivoire (Africa), during the ICC Annual Conference in Birmingham. With this addition, the total number of ICC members take to 108 countries which includes 96 Associates. The total count of Asian countries reached to 25 while Cote D’Ivoire is the […]

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BF Infrastructure JV Talgo India to manufacture high-speed passenger trains

BF Infrastructure JV Talgo India to manufacture high-speed passenger trains

BF Infrastructure (Bharat Forge subsidiary) has partnered with Talgo with an aim to manufacture high speed trains in India. Talgo, is a wholly owned subsidiary of Patentes Talgo, it is Spain-based high speed passenger train manufacturer. Focus: To bring high-speed rail technology and solution to Indian Railways. Recenlty, the government has floated a tender for 100 Vande Bharat trains with

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RBI launches awareness campaign as unclaimed deposits increase

RBI launches awareness campaign as unclaimed deposits increase

The RBI has launched a campaign to raise the awareness about the unclaimed deposits, with a focus on the eight states that have the maximum amount of unclaimed deposits. The unclaimed deposits in banks have increased to Rs 48,262 crore in FY22 from Rs 39,264 crore. Eight states: Tamil Nadu, Punjab, Gujarat, Maharashtra, Bengal, Karnataka, Bihar and Telangana/Andhra Pradesh. This

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ECGC introduces new scheme to provide enhanced export credit risk insurance

ECGC introduces new scheme to provide enhanced export credit risk insurance

Export Credit Guarantee Corporation of India (ECGC) has launched a new scheme to provide enhanced export credit risk insurance cover to the extent of 90%. Aim: To support small exporters under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment (ECIB- WTPC & PS). This scheme will benefit small-scale exporters availing of export credit with banks

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Investment Incentive Agreement (IIA): UPSC Daily Important Topic | 28 July 2022

Investment Incentive Agreement (IIA): UPSC Daily Important Topic | 28 July 2022

Investment Incentive Agreement (IIA) ∆This IIA supersedes the Investment Incentive Agreement signed between both the countries in the year 1997. ∆There have been significant developments since the earlier IIA was signed in 1997, such as the founding of a new organization called Development Finance Corporation (DFC). ✓DFC as a successor agency of the erstwhile Overseas

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