Economy Current Affairs

India Inc cheered Finance Minister’s stimulus to boost demand

India Inc cheered Finance Minister Nirmala Sitharaman’s announcement of payment of cash in lieu of LTC and Rs 10,000 festival advance to government employees, saying these measures will boost demand while instilling a “feel good” factor in the people and energize growth. Daily Current Affairs Quiz 2020 Key-Points Under Leave Travel Concession (LTC) Cash Voucher […]

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Centre permits export of Bangalore Rose Onions & Krishnapuram Onions

Union Government has permitted export of Bangalore Rose Onions and Krishnapuram Onions of up to ten thousand metric tonnes each. Daily Current Affairs Quiz 2020 Key-Points Bangalore rose onion, locally called gulabi eerulli, is a variety of onion grown in and around Bangalore in Karnataka. Rose onions are not cultivated in any other place in

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Coronavirus pandemic could push 150 million into extreme poverty

The World Bank reported that global extreme poverty is expected to rise for the first time in 20 years because of the disruption caused by COVID-19, exacerbating the impact of conflict and climate change, which were already slowing down poverty reduction. Daily Current Affairs Quiz 2020 Key-Points The pandemic may push another 88 million to

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MeitY approved 16 eligible applicants under the PLI Scheme

iPhone maker Apple’s contract manufacturers Foxconn Hon Hai, Wistron and Pegatron, apart from Samsung and Rising Star and a bunch of home-grown players are among the mobile phone manufacturing firms that have won approvals to do business in India under the PLI (Performance-linked incentives) scheme. Daily Current Affairs Quiz 2020 Key-Points Production Linked Incentive Scheme

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External debt increased almost 3% to $559 billion at March-end

India’s total external debt increased by 2.8% to $558.5 billion at the end of March mainly on account of a rise in commercial borrowings,. External debt was $543 billion a year earlier. Daily Current Affairs Quiz 2020 Key-Points The ratio of foreign currency reserves to external debt stood at 85.5% as at end-March, compared to

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76% of patents filed in India were by foreign companies

Nearly 8 out of every 10 patent applications filed in India in more than a decade have been by foreigners residing abroad. A majority are by foreign firms, even as the number of Indian applications is slowly increasing. Daily Current Affairs Quiz 2020 Key-Points More than 5.1 lakh patent applications were filed in the country

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First Indian company to cross $200 billion in market valuation

Indian multinational conglomerate company Reliance Industries Limited became the first listed Indian firm to cross $200 billion in market capitalisation or m-cap. Daily Current Affairs Quiz 2020 Key-Points Market capitalization refers to how much a company is worth as determined by the stock market. It is defined as the total market value of all outstanding

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Government expands the support to artisans manifold for making Agarbatti

Ministry of Micro Small and Medium Enterprises (MSME), further expanded the reach and support to Artisans, involved in Agarbatti making, and to the Agarbatti Industry, by issuing new guidelines on 4th September, 2020. Daily Current Affairs Quiz 2020 Key-Points Salient features of guidelines are: Setting up 10 clusters with proper marketing linkages under SFURTI (Scheme

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42,480 farmers and daily wagers committed suicide in 2019

As many as 42,480 farmers and daily wagers committed suicide in 2019, an increase of about 6 per cent from the previous year, as the number of farmers committing suicide fell marginally while that of daily wagers increased 8 per cent. Daily Current Affairs Quiz 2020 Key-Points 10,281 farmers committed suicide in 2019, down from

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Coal India to invest over Rs 1.22 lakh cr on 500 projects by 2023-24

Coal India Ltd (CIL) has decided to invest over 1.22 lakh crore rupees on development of nearly 500 projects related to coal evacuation, infrastructure, project development, exploration and clean coal technologies in the country. Daily Current Affairs Quiz 2020 Key-Points The investment aims at making India self-reliant in terms of coal and achieve the production

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