Page-32 of Economy & Banking Current Affairs

India-Fiji: Union Cabinet Approves pact for Co-operation in Agriculture

The Union Cabinet Chaired by Prime Minister, Narendra Modi, has approved an agreement between India and Fiji for their cooperation in the field of agriculture and allied sectors. Highlights The agriculture pact was signed between Ministry of Agriculture of India and Agriculture Ministry of the Republic of Fiji.  This agreement between the countries will come ..

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Government amends Insurance Ombudsman Rules, 2017

The Union Government has amended the “Insurance Ombudsman Rules, 2017” on March 2, 2021. Highlights The ombudsman rules were amended with the objective of improving the working of ‘Insurance Ombudsman mechanism’. This will help in facilitating the resolution of the complaints with respect to the deficiencies in insurance services in a cost-effective and impartial manner ..

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“Mercantile Marine Domain Awareness Centre” Launched

India has launched the “Real-time Vessel Tracking System” in order to help the seafarers and fishermen as and when they need. This system has been named as “Sagar-Manthan: Mercantile Marine Domain Awareness Centre (MMDAC)”. Highlights The system was launched by Prime Minister Narendra Modi at the Maritime India Summit-2021. While inaugurating the system, the Prime ..

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India at WTO- Proposes for TRIPS Waiver

India has made a fresh proposal at the World Trade Organisation (WTO) for the establishing the mechanism of true vaccine internationalism. India has also warned developed nations who are blocking proposal of temporary waiver of the intellectual property obligations. Highlights India warned them that even if they vaccinate all the citizens, they will be at ..

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RBI’s State of the Economy Report

The Reserve Bank of India has recently published its State of the Economy Report. The report highlights that, the Indian state refiners’ daily gasoline sales in February 2021 have increased from 1.5% from the year 2020. According to the report, this is the slowest pace of growth in the six months as record-high retail prices ..

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