What is RXIL?

RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores. The transaction volume in the platform grew from Rs 69 crores in April 2020 to Rs 1,105 crores in March 2021. This shows economic recovery in the country. Also, it shows that the ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs

Topics: RBI • Reserve Bank of India • RXIL • Trade Receivable Discounting System (TreDS) • TReDS Platform

FPI inflows in India: Rs 2.74 lakh crores in 2021

In 2021, India has emerged as the largest recipient of Foreign Portfolio Investments. The net FPI inflow for the fiscal year 2020-21 was Rs 2.74 lakh crores. Investment in equity segment The investments in the equity segment for the year 2020-21 touched Rs 2,74,503.  This is the highest quantum of money recorded since the National ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs

Topics: FDI • Foreign Direct Investment (FDI) • Foreign Portfolio Investment • FPIs • National Securities Depository Limited

Longi Green Enters Hydrogen Market

The World largest solar company Longi Green is to enter the Hydrogen Market. Longi Green is a Chinese company that manufactures solar panels, wafers and solar cells. Today several such solar companies are entering the hydrogen market. This is mainly because hydrogen is a carbon-free fuel that can be produced by electrolysis of water and ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs

Topics: Clean Fuel • Green Hydrogen • Hydrogen • Hydrogen Fuel • Hydrogen vehicles • Liquid Hydrogen • Photovoltaics • Solar Energy

Word Highest Bridge: Chenab Bridge Arch Closure Completed

The Indian Railways recently completed the arch closure of the world highest railway bridge, Chenab bridge. The bridge is a part of Udhampur-Srinagar-Baramulla rail link project. About the Arch Closure Arch Closure was one of the most difficult parts of the bridge. The Arch consists of steel boxes. To improve the stability of the arch, ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs

Topics: Chenab Arch Bridge • Chenab Bridge • Chenab River • Indian Railway • Jammu & Kashmir

What is NFT Marketplace?

The WazirX, one of the leading cryptocurrency exchanges has recently launched India’s first market place for NFT. NFT is Non-Fungible Tokens. The launch will now allow Indian creators to place their digital assets (such as images or videos, music, etc) for auction and earn royalty. What is Non-Fungible Token? It is a unit of data ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs

Topics: Blockchain • blockchain technology • Crypto Currencies • Crypto Currency • Cryptocurrency • NFT • Non-fungible token