Page-2 of Economy & Banking Current Affairs - 2022

AVGAS 100 LL

Indigenously developed special aviation fuel AVGAS 100 LL was launched by the Indian Government. Key facts AVGAS 100 LL was indigenously developed by the Indian Oil Corporation for the piston engine aircrafts and unmanned aerial vehicles. It is used to power aircraft having spark-ignition piston engines, in which combustion process of the air-fuel mixture is ..

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Extension of Foreign Trade Policy 2015-20 – Update (September, 2022)

The current Foreign Trade Policy has been extended by six months due to currency volatility and global uncertainty. Key facts Foreign Trade Policy 2015-20 has been extended for the period of six months until March 2023. This extension will come to effect from 1st of October 2022. It is being extended in view of the ..

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ADB to provide 14 billion USD aid for food security in Asia Pacific

The Asian Development Bank announced a $14 billion assistance to fight food insecurity in Asia Pacific. Key facts The funding to address food insecurity in Asia Pacific was announced as part of the 55th ADB annual meeting. It will be used to combat food crisis caused by climate change and Russian war in Ukraine. The ..

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Make in India completes 8 years

The Indian Government’s Make India initiative has completed eight years. Key facts The government’s flagship initiative has helped 27 sectors to make significant progress, including manufacturing and services sectors. It has doubled the annual foreign direct investment to 83 billion USD. With this, India is expected to attract 100 billion USD in FDI this fiscal. ..

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Swachh Toycathon Competition

Swachh Toycathon Competition was recently launched by Central Government. Key facts Swachh Toycathon was launched by the Ministry of Housing and Urban Affairs under the Swachh Amrit Mahotsav. It is being hosted on MyGov’s Innovate India portal. The knowledge partner of this initiative is Center for Creative Learning, IIT Gandhinagar. This competition integrates the National ..

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Banking System Liquidity turns to deficit mode

Banking system liquidity has turned into a deficit mode for the first time since May 2019. Key facts On September 20 this year, the banking system liquidity situation has turned into deficit mode of Rs.21,873.4 crore. On the same day last year, the liquidity surplus was Rs.6.7 lakh crore. The deficit was caused because of ..

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