Economy & Banking Current Affairs

Govt. imposes safeguard duty on solar cells for one more year till July 2021

July 30, 2020No comments

The government has imposed the safeguard duty of solar cells for one more year till July 2021 with the aim to protect the domestic manufacturers and discourage cheap imports from countries such as China. The ..

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PFC Signs MoA with IIT-Kanpur for Training and Research in Smart Grid Technology

July 30, 2020No comments

Power Finance Corporation (PFC), a PSU under the administrative control of the Ministry of Power, has signed an MoA with the Indian Institute of Technology, Kanpur, for training, research and entrepreneurship development in smart grid ..

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Subsidized Credit-Enhancement Bond Facility for Renewable Energy Proposed

July 29, 2020No comments

The Centre for Energy Finance has proposed that a subsidized first-loss cover facility to credit-enhanced bonds raised by the developers and institutions looking to refinance their underlying projects should be introduced in India. This is ..

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US Banking Regulator Extends Crisis Lending Programs till Dec 31

July 29, 2020No comments

The Federal Reserve, the regulator of the banking system in the USA, has announced that the emergency lending programs being extended by the banks will be applicable for the rest of the year since the ..

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Rs 90000 Cr Sanctioned under Kisan Credit Card Scheme to the Farmers

July 27, 2020No comments

As per the information provided by the Finance Minister, banks have sanctioned total amount of Rs 89810 Cr to about 11 million Kisan Credit Cardholders to help the farmers meet finances for Kharif sowing and ..

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