Page-28 of Economy & Banking Current Affairs

NITI Aayog submits first list of 12 PSUs for Privatisation

The government’s think tank, NITI Aayog has submitted the first list comprising of 12 Public Sector Undertakings that will be privatized under the centre’s privatisation drive. Highlights The list submitted by the NITI Aayog includes the PSUs in strategic sectors. This list will now be reviewed by Department of Investment and Public Asset Management (DIPAM) ..

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National Rail Plan- Highlights

The Union Railway Minister, Piyush Goyal, announced on March 10, 2021 that the Indian Railways has prepared a National Rail Plan (NRP) in order to establish a future ready Railway system by the year 2030. National Rail Plan (NRP) The Union Railway Minister highlighted that; the National Rail Plan has been prepared with the aim ..

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APEDA launches its first Virtual Trade Fair

The Agricultural and Processed Food Products Export Development Authority (APEDA) launched the first virtual trade fair on March 10, 2021. It will conclude on March 12, 2021. Highlights This trade fair was organised in order to boost the export of agricultural and processed food products. APEDA has initiated this concept of the virtual trade fair ..

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LIC-owned IDBI Bank removed from PCA framework

The Reserve Bank of India (RBI) has removed IDBI Bank from the Prompt Corrective Action (PCA) framework which is the enhanced regulatory supervision of RBI on March 10, 2021. The bank was removed from the framework after four years as a result of its improved financial performance. Background Central bank had enlisted the IDBI Bank ..

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DPIIT to relax Compliance Burden of Companies

The department for Promotion of Industry and Internal Trade (DPIIT) has highlighted that, the government is planning to ease and scrap the thousands of compliance burdens for the companies. It will be done in two phases by August 15, 2021. Background In a webinar organised in the first week of March 2021, Prime Minister Modi ..

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