Economy Current Affairs

The tourism global industry has been devastated by the coronavirus pandemic, with USD 320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk. Key-Points UN Secretary-General Antonio Guterres said that tourism is the third-largest export sector of the global economy, behind fuels and chemicals,

India’s online pharmacy market saw two significant merger and acquisition deals which were Reliance Retail picking up majority stake in Chennai-based e-pharmacy Netmeds, and PharmEasy moving to merge with smaller rival Medlife. Daily Current Affairs Quiz 2020 Key-Points The government had floated draft regulations for e-pharmacies but these guidelines never saw light of the day.

The Cabinet Committee on Economic Affairs has approved the Fair and Remunerative Price (FRP) of sugarcane payable by sugar mills for 2020-21 sugar season (October-September) on the recommendations of the Commission for Agricultural Costs and Prices (CACP). Daily Current Affairs Quiz 2020 Key-Points The FRP for 2020-21 sugar season (October-September), which will be payable by

India’s solar industry has started to see a new wave of self-reliant developments. After Prime Minister Narendra Modi launched Atma Nirbhar Bharat Abhiyaan, the Renewable Energy Ministry has received proposals from various players for over 10 GW of fresh solar equipment manufacturing. Daily Current Affairs Quiz 2020 Key-Points These moves are in line with India’s

India will be self-sufficient in the production of Active Pharmaceutical Ingredients and Key Starting materials to reduce import dependency and attain drug security in next two years as reported by Chemicals and Fertilisers Minister DV Sadananda Gowda. Daily Current Affairs Quiz 2020 Key-Point Active pharmaceutical ingredient (API), is the term used to refer to the

ABB (ASEA Brown Boveri) India has announced the launch an online marketplace portal named eMart which will offer more than 6,000 products from its electrification business for home and industrial buyers. Daily Current Affairs Quiz 2020 Key-Points This B2B & B2C platform aims to provide an “equally fair and favorable experience” to both ABB distributors

The Government of India has clarified that any foreign direct investment (FDI) in commercial coal mining from an entity of a country that shares land border with India will be allowed only after government approval. Daily Current Affairs Quiz 2020 Key-Points Recently, the government modified its FDI policy according to which any entity of a

India’s infrastructure sector contracted at a slower pace in June compared to May aided by the relaxation in lockdown restrictions. However, barring fertilisers, other seven industries registered a decline in output, prompting independent economists to expect industrial production to again contract in June. Daily Current Affairs Quiz 2020 Key-Points The output of eight core infrastructure