Economy & Banking Current Affairs

Union Cabinet: Capital Infusion of Rs 6,000 crores into NIIF approved

On November 25, 2020, the Union Cabinet approved Rs 6,000 crores of capital infusion into the National Infrastructure Investment Fund. This is a part of the Atma Nirbhar Bharat Abhiyan. The move will leverage to create financial pipeline of Rs 1 lakh crore. National infrastructure investment fund The National Investment Infrastructure Fund was set up ..

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46 AICTE Training and Learning Academy Faculty Development Programmes inaugurated

On November 23, 2020, the Union Education Minister, Shri Ramesh Pokhriyal ‘Nishank’ inaugurated 46 online AICTE Training and Learning (ATAL) Academy Faculty Development Programmes (FDP). It was launched to train the teachers in higher education institutions association with AICTE (All India Council of Technical Education). ATAL Academy The main objective of the academy is to ..

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RBI Mohanty Panel for Bank License to Large Corporate Houses

The Reserve Bank pf India had earlier constructed an Internal Working Group under P K Mohanty. The committee was set up to review ownership guidelines of Indian private sector banks. The committee has submitted a report about the bank licensing in India Key Recommendations Large industrial houses and corporates shall be allowed as promoters of ..

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GoI releases Rs 3,971 crores for micro-irrigation projects

On November 20, 2020, Government of India sanctioned a loan of 3,971 crores of rupees for micro irrigation projects in Tamil Nadu. This is one of the biggest loans being sanctioned for the state of Tamil Nadu. The loan has been sanctioned at subsidised interest rate under micro irrigation fund. The micro irrigation fund was ..

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Seismic Survey for Oil and Gas Exploration launched in Mahanadi basin

The Ministry of Petroleum and Natural Gas and Steel has launched Seismic Survey campaign of Oil India Limited in the Mahanadi basin of Odisha. According to the ministry, the oil and gas exploration will be a game changer in the socio-economic development of Odisha. The estimated cost of the seismic survey is Rs 220 crores. ..

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