Page-50 of Economy & Banking Current Affairs

Target for Renewable Energy in Agriculture Sector

Central government has set the target to replace diesel with renewable energy in agricultural sector by 2024. Key Points This target was set in line with Government’s commitment of increasing the share of non-fossil fuels by 2030 and becoming a net zero emitter by 2070. Through KUSUM Scheme, central government is also running a scheme to solarise the agriculture This ..

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Indian Airports in ACI- Voice of Customer Recognition 2021

Seven AAI airports have been selected for “Voice of Customer Recognition” under the “World Voice of Customer Initiative” of Airports Council International (ACI). Key Facts AAI airports namely, Chennai, Goa, Kolkata, Patna, Pune, Chandigarh, and Bhubaneswar participated in ACI-ASQ (Airport Service Quality) survey in 2021. The “voice of customer initiative” was initiated by ‘Airports Council ..

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GDP Deflator Forecast for FY23

On February 10, 2022, Finance Minister Nirmala Sitharaman highlighted that, for 2022-23, Centre’s gross domestic product (GDP) deflator projection is 3 to 3.5 per cent. Key Facts Government’s own real GDP growth projection for fiscal year 2022-23 is in the range of 7.6-8.1 per cent, while Union Budget assumes a nominal GDP growth rate of 11.1 per cent for fiscal year ..

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RBI Monetary Policy Update

On February 10, 2022, RBI’s Monetary Policy Committee (MPC) kept key interest rates unchanged. It retained the accommodative stance in its first policy after Union Budget 2022. Key Facts This is the tenth consecutive time that, MPC has maintained the status quo. The three-day RBI MPC meeting started on February 8, and concluded on February ..

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India’s first Biomass-based hydrogen plant

India’s first commercial-scale biomass-based hydrogen plant will be constructed in Khandwa district of Madhya Pradesh. About Biomass-based hydrogen plant From 30 tonnes of biomass feedstock, Biomass-based hydrogen plant will produce a tonne of hydrogen per day. It will also produce biochar and methane. It will be put up with an investment of Rs 24 crore. Who ..

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