Page-41 of Economy & Banking Current Affairs - 2022

5G spectrum auction: All you need to know about India’s biggest Spectrum Auction!

On July 26, 2022, India started its biggest-ever spectrum auction, involving telephone and internet data signals. Under the spectrum process, 72 GHz (gigahertz) of 5G airwaves have been put on offer at the cost of Rs 4.3 lakh crore. Significance of the 5G spectrum include: Fifth generation or 5G spectrum offers ultra-high speeds, which is ..

Month: 

Category: 

Topics: 

Recent Update on National Land Management Corporation (NLMC)

In order to operationalise National Land Management Corporation (NLMC), Central government has appointed a joint secretary to the Department of Public Enterprises (DPE). He will work as an interim chief executive officer (CEO) of special purpose vehicle. He will monetise the surplus land and buildings of public sector undertakings (PSUs). Sanjay Kumar Jain has been appointed as ..

Month: 

Category: 

Topics: 

What are the key highlights of ‘India’s Bioeconomy Report 2022’?

The Biotechnology Industry Research Assistance Council (BIRAC) recently released its “India Bioeconomy Report 2022”. Report has been prepared on the basis of data on contribution of biotech sector to the economy. Key findings of the report include: As per report, India’s bioeconomy is expected to reach USD 150 billion by 2025 and more than USD ..

Month: 

Category: 

Topics: 

What is outcome of the NITI Aayog Study on India’s R&D expenditures?

As per NITI Aayog’s India Innovation Index 2021,  gross expenditure on research and development (R&D) in India is lowest in the world. India spends USD 43 per capita on R&D. India Innovation Index was recently released by NITI Aayog, providing ranks to states and union territories based on their innovation performance. NITI Aayog says, India ..

Month: 

Category: 

Topics: 

What are current trends in India’s GDP growth forecast?

Recently, India’s GDP Growth Forecast for current financial year was lowered to 7.2 percent by Morgan Stanley. It marked a reduction by 40 basis points, as compared to last forecast. Growth forecast was lowered in light of a slowdown in global growth. Trends in India’s GDP Growth: Morgan Stanley has also reduced the Growth Forecast ..

Month: 

Category: 

Topics: 

What is Varroa Mite plague in Australia?

In the recent weeks, Australian authorities have killed millions of honeybees in a bid to stop the spread of catastrophic parasite to its south-eastern part. Honey-sector in Australia is under huge threat from recent outbreak of deadly varroa mite. It is a sesame seed-sized parasite, discovered at a port in near Sydney recently. Varroa mite ..

Month: 

Category: 

Topics: