Economy & Banking Current Affairs

Public Procurement Order, 2017 amended

The Government of India has recently amended the public procurement order 2017. The amendment has been made to curtail Chinese investment. According to the amendment the entities of countries that do not allow Indian companies ..

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India’s first private Jet Terminal at New Delhi: Key Facts

On September 17, 2020, India opened its first exclusive private jet terminal at New Delhi Indira Gandhi International Airport. The Terminal was inaugurated by the Union Civil Aviation Minister Hardeep Singh Puri. The airport will ..

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ONGC exits from Sudan

India’s Oil and Natural Gas Corp (ONGC) recently exited from Sudan oilfields. This step was taken by ONGC after the African nation refused to pay for oil it lifted from the fields. Key Facts ONGC ..

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RBI Issues Draft on Rupee Interest Rate (IR) Derivatives Directions 2020

The Reserve Bank have proposed to allow foreign portfolio investors (FPIs) to undertake the rupee interest rate derivatives which is subject to a ceiling of ₹5,000 crore. These directions aim to encourage high non-resident participation, ..

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Heavy Rains Forecast Raised Concerns for Kharif Crops

Heavy rains forecast across the central and western regions have raised the fears of crop losses in the last week of September. This year, the retreating monsoon is expected to pick up in most parts ..

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