Economy & Banking Current Affairs
The Asian Development Bank has approved a 1.5 billion USD package for India under its CARE program to help fight COVID-19. CARE Program CARE or COVID-19 Active Response and Expenditure Support Program is an assistance program launched by ADB to provide for the immediate requirements of the government in times of the COVID-19 pandemic and ..
The government has established the International Financial Services Centres Authority with its headquarters in Gandhinagar, Gujarat to regulate all financial services. About IFSC Authority The IFSC Authority was established by a notification recently, with its headquarters in Gandhinagar, Gujarat. Financial services which are being regulated by multiple bodies- RBI, IRDAI and SEBI- will be regulated ..
Bharti Airtel announced a 7,500 crore INR multi-year agreement with Nokia to deploy its Single Radio Access Network in India. Radio Access Network The RAN or Radio Access Network is a part of telecommunication system that implements the RAT or Radio Access Technology. RAT is the connection method for radio-based communication networks. Examples of RATS ..
The UK has introduced a ‘Bounce Back Loan Scheme’ to provide rapid loans to small businesses in light of the COVID-19 pandemic and the Great Lockdown. Bounce Back Loan Scheme The ‘Bounce Back Loan Scheme’ is a rapid loan scheme for small businesses. It is a 100% state backed loan scheme launched by UK’s Finance ..
The US President has nominated Indian American diplomat, Manisha Singh, as USA’s next envoy to Organisation for Economic Cooperation and Development. OECD OECD or Organisation for Economic Cooperation and Development is an intergovernmental economic organisation established in 1961. It is headquartered in Paris, France. It is a UN observer. Its members are committed to democracy ..
G V Prasad and Kiran Mazumdar Shaw made it into the Medicine Maker Power List 2020 which celebrates 60 great minds. About the List The Power List is published under the Medicine Maker of Texere Publishing Ltd, the life science publisher. The 2020 Power List celebrates 60 great minds from around the world for their ..