Facebook’s First Renewable Project in India

The Facebook has recently signed a deal to buy renewable energy in India from a local firm called CleanMax. This is the first renewable project of Facebook in India. About the project The project is located in Karnataka. The project capacity of 32 MW. Under the project Facebook and CleanMax will work together to provide ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs • Environment Current Affairs

Topics: data centre • data storage • Electrical grid • Facebook • Renewable energy • Solar power

Flipkart to acquire Cleartrip

Flipkart recently announced that it is to acquire Cleartrip.  Cleartrip is a leading online travel and technology company. About Cleartrip Cleartrip was founded in 2006. The company books train and flight tickets, hotel reservations and other activities in India and in middle east countries. The company has offices in Saudi Arabia, UAE, India and Egypt. ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs

Topics: Amazon • Cleartrip • E-commerce • Flipkart • Myntra • PhonePe • Snapdeal

Agriculture Ministry sign MoU with Microsoft for farmer welfare

The Agricultural Ministry of India recently signed Memorandum of Understanding with Microsoft to implement a pilot project for farmer welfare. About the Project The project will focus on technology boosted agriculture. It will provide smart agricultural techniques to the farmers especially during post-harvest season. The project is to be launched in hundred villages of six ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs

Topics: Agriculture • AICTE • farmer welfare • MOU • National Skill Development Corporation • project ReWeave

National Housing Bank: Rs 10,000 crore Special Refinance Facility launched

The National Housing Bank recently launched the “Special Refinance Facility”, 2021. Rs 10,00 crores has been allocated to this facility. Special Refinance Facility, 2021 The main objective of the facility is to provide short term refinance support to the housing finance companies and other eligible Primary Lending Institutions. The facility will aid in meeting the ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs

Topics: Atma Nirbhar Bharat Abhiyan • Monetary Policy review • National Housing Bank • RBI Act 1934 • Reserve Bank of India (RBI) • special refinance facility

IMF’s Asia Growth Forecast

The International Monetary Fund recently released its World Economic Outlook report. Under its report, IMF has downgraded the forecasts for the South East Asian economies. On the other hand, it has been more optimistic about Asia-Pacific and Global economies. Key Findings of IMF According to the World Economic outlook report of IMF, the countries such ..

Month: Current Affairs - April, 2021

Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs

Topics: Asia Pacific • Growth rate • IMF • International Monetary Fund (IMF) • World Economic Outlook