Page-45 of Economy & Banking Current Affairs - 2022

Nutrient Based Subsidy rates for P&K fertilizers

The central government announced that the Nutrient Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilizers for this year’s Kharif season which is from April to September 2022 will be increased to Rs 60,939 crore, as against Rs 57,150 crore for the whole of 2021. Overview: This increase in subsidy will insulate the farmers ..

Month: 

Category: 

Topics: 

NITI Aayog National Workshop on “Innovative Agriculture”

On 25th April 2022, NITI Aayog organized a National Level Workshop on “Innovative Agriculture” in Vigyan Bhawan, New Delhi. Overview: At this workshop the need to understand the fundamentals, science, and processes behind natural farming practices were highlighted. The step-wise adoption of natural farming was highlighted. The increase in the awareness of good health, nutritious ..

Month: 

Category: 

Topics: 

India’s Steel Production and Export in FY 22

Faggan Singh Kulaste, Minister of State for Steel and Rural Development has announced that India exported 13.5 million tonnes (mt) of finished steel amounts to Rs 1 trillion, and has imported steel of about Rs 46000 crores. Overview: This impressive performance of the country’s steel sector has contributed to the all-time record of USD 420 ..

Month: 

Category: 

Topics: 

Elon Musk-Twitter Deal

In one of the tech world’s biggest deals, Elon Musk has taken control of the social media site Twitter. Through this deal, he will be acquiring the social network for around USD 44 billion with the shares of the company being valued at $54.20. Overview: On 14th April 2022, Musk announced his plans of taking ..

Month: 

Category: 

Topics: 

SIPRI Report on World Military Expenditure

A report by the Stockholm International Peace Research Institute (SIPRI) on World Military Expenditure stated that India was the world’s third-highest military spender behind the US and China. The global defence expenditure in 2021 reached an all-time high and stood at USD 2.1 trillion despite the COVID-19 pandemic. Top 5 military spenders According to the ..

Month: 

Category: 

Topics: 

Trilateral Development Corporation (TDC) Fund

India and the United Kingdom have launched their Global Innovation Partnership (GIP) as both countries look to bolster their innovation ecosystem to benefit the start-ups. GIP is expected to provide a model for utilizing the Trilateral Development Corporation (TDC) Fund for projects with other countries like Germany, Japan, the European Union, France, etc that are ..

Month: 

Category: 

Topics: