Economy & Banking Current Affairs

Economy, Banking and Finance Current Affairs 2020-2021 covers all Current Affairs related to Indian Economy, Finance, Agriculture, Industry and Banking Sector. These updates are suitable for every competitive exam of India.

BIS Performance standards for EV batteries

June 27, 2022

The Bureau of Indian Standards (BIS) has created performance standards for batteries being used in electric vehicles, after the recurring incidents of fire. Key Facts BIS has released standard test specifications for lithium-ion traction battery packs and systems (performance testing) for the vehicles. Standard IS 17855:2022 was created for these battery packs and systems has ..

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Extension of GST Compensation Cess

June 27, 2022

Central government has extended the time to levy GST compensation cess, till March 31, 2022. Highlights Time to levy GST compensation cess has been extended by around 4 years. Thus, according to Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022, compensation cess will continue to be levied from July 1, 2022 ..

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New CEO of NITI Aayog

June 27, 2022

On June 24, 2022, retired IAS officer Parameswaran Iyer was appointed as the new CEO of NITI Aayog, by Union Government. Key Points Parameshwaran Iyer is a 1981-batch IAS officer from UP cadre. He will replace Amitabh Kant and become the third chief executive officer of the public policy think tank of the government. His term ..

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BRO Cafes to be set up at 75 locations

June 25, 2022

Ministry of Defence has allowed to open BRO Cafes soon at different sections of border roads with Border Road Organisation (BRO). About BRO Cafes BRO Cafes will shortly open at 75 locations in 12 states and Union Territories. These cafes are aimed at providing basic amenities and comfort to tourists. They will lead to boosting ..

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Coal India Ltd. to set up Power Generation Unit

June 25, 2022

The South Eastern Coalfield Limited (SECL), an undertaking of Coal India Limited (CIL), has announced to venture into power production. Key facts For the purpose, SECL has inked an MoU with Madhya Pradesh Power Generation Company Limited (MPPGCL) to set up a 660-MW unit. This project will be started by setting up a joint venture ..

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