An Internal Working Group (IWG) of the RBI has recently made a far-reaching recommendation. According to the report, the main benefit is that industry-owned banks would increase the supply of credit, which is low and growing slowly. Daily Current Affairs Quiz 2020 Key-Points The IWG acknowledges that it ignored the experts the group had consulted. […]
The Union Cabinet has approved the infusion of ₹6,000 crore equity in National Infrastructure Investment Fund’s (NIIF’s) debt platform in the next two years to drive infrastructure creation in the country. Daily Current Affairs Quiz 2020 Key-Points This move will help the entity raise ₹1.10 lakh crore by 2025 for financing infrastructure projects. Out of
Cabinet approved equity infusion of ₹6,000 crore into NIIF Read More »
Union Cabinet has approved ₹2,480 crore foreign direct investment (FDI) in ATC Telecom Infra Pvt Ltd. ATC Asia Pacific Pte. Ltd is looking to acquire 12.32% stake in ATC Telecom Infra Pvt Ltd through the FDI route. Daily Current Affairs Quiz 2020 Key-Points ATC Telecom Infrastructure Private Limited is engaged in the business of providing
Cabinet approved ₹2,480 crore FDI in ATC Telecom Read More »
After the Punjab and Maharashtra Bank (PMC) episode last September, when the RBI placed the bank under directions and capped deposit withdrawals, the once-fancied private sector bank, YES Bank ran into trouble in March this year. Daily Current Affairs Quiz 2020 Key-Points The RBI had placed restrictions on the withdrawal of the bank’s deposits for
India will see an investment of Rs 2 lakh crore in setting up 5,000 plants that will produce gas from bio and crop wastes by 2023-24. Daily Current Affairs Quiz 2020 Key-Points To boost the availability of affordable and clean transport fuel, an agreement was signed for setting up 900 compressed bio-gas or CBG plants
₹2 lakh crore investment in 5,000 compressed bio-gas plants in offing Read More »
NABARD has so far released a total amount of Rs. 1754.60 crore Interest Sub-vented Loan from Micro-Irrigation Fund (MIF). Daily Current Affairs Quiz 2020 Key-Points Micro Irrigation Fund with a corpus of Rs. 5000 crore created with NABARD was operationalised in 2019-20. The objective of the Fund is to facilitate the States in availing an
NABARD release interest sub-vented loan from Micro-Irrigation Fund Read More »
The Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation. Daily Current Affairs Quiz 2020 Key-Points The State has now joined 22 other States and 3 Union Territories (Delhi, Jammu & Kashmir and
Telangana decides to go for Option-1 to meet the GST implementation shortfall Read More »
Regional Comprehensive Economic Partnership RCEP invited India to participate in the group’s activities as an observer member and left a window open for India to join in the future. Should India join RCEP? Daily Current Affairs Quiz 2020 Key-Points Fifteen countries of the region signed the mega RCEP trade pact which are Australia, Brunei, Cambodia,
India Invited to RCEP as Observer member | Should India join RCEP? Read More »
Department of Investment and Public Asset Management (DIPAM) signed an agreement with World Bank. Under the agreement, World Bank is to provide advisory services to DIPAM for asset monetization. Daily Current Affairs Quiz 2020 Key-Points DIPAM is mandated with facilitating monetization of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property
DIPAM signed agreement with World Bank for advisory services on asset monetization Read More »
Information and Broadcasting Ministry has requested compliance of policy on FDI in digital media within a month. Daily Current Affairs Quiz 2020 Key-Points The Ministry issued a public notice to facilitate eligible entities involved in uploading and streaming of news and current affairs through digital media, to comply with the decision of Government, which had
MIB requests compliance of policy on FDI in digital media within a month Read More »
