Japan Extends ₹3,500 crore credit to India for Covid-19 Crisis Emergency Response Support

Japan’s donor agency, Japan International Cooperation Agency (JICA) , said it would extend a development assistance loan of ₹3,500 crore (JPY 50 billion) to India for the Covid-19 Crisis Emergency Response Support. This loan will be disbursed to the Government ..

Month: Current Affairs - September, 2020

GDP contracted by 23.9 % in first quarter of 2020-2021

According to the recent National Statistical Office (NSO) data, India’s Gross Domestic Product (GDP) growth contracted by 23.9% in the first (April-June) quarter of 2020. It is the sharpest contraction since India started reporting quarterly data in 1996. Key Points ..

Month: Current Affairs - September, 2020

In US, Amazon granted approval to deliver packages by drones

The Federal Aviation Administration has granted Amazon approval to deliver packages by drones. The online shopping giant has been working on drone delivery for years. Amazon unveiled self-piloting drones that are fully electric in 2019 which can carry 5 pounds ..

Month: Current Affairs - September, 2020

Government launches Real Time Market (RTM) of Indian Energy Exchange

The government launched a pan-India real-time market of electricity to enable the buyers and sellers pan-India to meet their energy requirement closer to real time of operation. Its shorter bidding time, faster scheduling, and defined processes enables the participants to ..

Month: Current Affairs - September, 2020

India Expresses Resentment over on UNSC reforms Negotiations

New Delhi expressed strong resentment over the decision regarding roll-over of the intergovernmental negotiations (IGN) on UNSC reforms into the next session of the General Assembly. India also underlined that it will take steps to see how the goal can ..

Month: Current Affairs - September, 2020

Green Term Ahead Market (GTAM)

Union Minister R K Singh launched the Green Term Ahead Market (GTAM) for electricity. The move, that will lead to an increase in the participants in the renewable energy sector. The initiative will also help in achieving 175 GW renewable ..

Month: Current Affairs - September, 2020

One Nation, One Ration Card Scheme

The Minister of Consumer Affairs, Food and Public Distribution recently reviewed the progress made towards the implementation of “One Nation One Ration Card” plan. While reviewing, two Union Territories (UT) of Ladakh and Lakshadweep have been integrated with existing national ..

Month: Current Affairs - September, 2020

What is Supply Chain Resilience Initiative (SCRI)?

India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative (SCRI) to reduce dependency on China, necessitated by Beijing’s aggressive political and military behaviour. Supply Chain Resilience Initiative In the context of international trade, supply ..

Month: Current Affairs - September, 2020

Adjusted Gross Revenue (AGR) Judgement

The Supreme Court has allowed 10 years for staggered payment of AGR dues. The court also observed that contempt proceedings will begin in case of non-payment of installment. Every year by 7th February, payments have to be made. What is ..

Month: Current Affairs - September, 2020

Daily Current Affairs Quiz: September 02, 2020

1. Which business conglomerate is set to buy the retail business of Future Group? [A] Reliance Industries Ltd[B] Tata Group[C] Adani Enterprises[D] Mahindra & Mahindra Show Answer Correct Answer: A [Reliance Industries Ltd] Notes:Reliance Retail Ventures Limited (RRVL), a subsidiary ..