Page-2 of Economy & Banking Current Affairs

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 ..

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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. ..

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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 ..

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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 ..

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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 ..

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