Page-43 of Economy & Banking Current Affairs - 2022

India’s First Display Fabrication Unit

On June 12, 2022, Government of Telangana signed an MoU with Bengaluru-based Elest, to set up India’s first display fabrication unit in Hyderabad. Highlights The display fabrication unit will be set with an investment of Rs 24,000 crore. It will be set up under India Semiconductor Mission Programme of Ministry of Electronics & Information Technology. ..

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WTO -12th ministerial conference (MC12)

The 12th Ministerial Conference of World Trade Organization (WTO) started on June 12, 2022. Highlights It is being held at WTO headquarters in Geneva, Switzerland. The conference will be concluded on June 15, 2022. It was due to take place in 2021 but got postponed due to covid-19 pandemic. Agenda of the conference Chief of ..

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Green Open Access Rules 2022

On June 6, 2022 Union Government has notified the Green Open Access Rules 2022, that will accelerate India’s renewable energy programmes. What are Green Open Access Rules 2022? These rules are notified to promote generation, purchase and consumption of green energy including the energy generated through waste-to-energy plants. The rules also enable a simplified procedure ..

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Bihar Mahatma Gandhi Bridge

On June 7, 2022, Union Minister for Road Transport and Highways Nitin Gadkari inaugurated the superstructure replacement for Mahatma Gandhi Setu. Key Points Union Minister also laid foundation stones for 15 National Highway (NH) projects in Hajipur and Patna. Mahatma Gandhi Setu was constructed with a fund of Rs 1,742 crore. The minister also inaugurated ..

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RBI: Increased housing loan limit for Co-op Banks

On June 8, 2022, The Reserve Bank of India (RBI) has increased the limit two times on housing loans from cooperative banks. Highlights RBI has also permitted the Rural Cooperative Banks (RCB) for financing residential real estate projects, in a bid to support affordable housing and inclusive growth. It further allowed the urban cooperative banks (UCBs) to ..

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Technology Development Fund (TDF)- Rise in Funding

On June 8, 2022, the limit of funding of innovative defence projects was increased from Rs 10 crore to Rs 50 crore per project, under the Technology Development Fund (TDF). Funding has been enhanced in line with the announcement made in Union Budget 2022-23. TDF in Union Budget 2022-23 Union Budget 2022-23 has reserved 25% ..

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