Economy & Banking Current Affairs

Concor signs service agreement with Russia’s RZD Logistics JSC

Container Corporation of India (Concor) and RZD Logistics JSC (Russian Railways) recently signed a service agreement for transporting cargo between India and Russia using a single invoice. The containers will move between the two countries by using the International North South Transport Corridor (INSTC), which passes through Iran. The corridor also passes through Azerbaijan.

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DPIIT notifies 100% FDI in insurance intermediaries under automatic approval route

The Department for Promotion of Industry and Internal Trade (DPIIT) recently notified that 100 per cent FDI is allowed in insurance intermediaries under automatic approval route. The FDI policy earlier allowed 49 per cent foreign investment in the insurance sector, including insurance intermediaries. Intermediary services comprise of insurance brokers, re-insurance brokers, insurance consultants, third party ..

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SpiceJet launches freighter services to assist shrimp farmers

Leading Indian aircraft carrier SpiceJet launched freighter services from Chennai and Vishakhapatnam to Surat and Kolkata, to assist the transportation of shrimp seeds. The air cargo arm of SpiceJet called SpiceXpress, will use the Boeing 737 freighter with a 21-tonne carrying capacity will be used in the transportation. This is the first such effort in ..

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Realme launches India’s first 5G-enabled smartphone

The Chinese smart-phone manufacturer Realme recently introduced India’s first 5G-enabled smartphone, which is named as ‘Realme X50 Pro’. The flagship smartphone was also simultaneously launched in Spain. The phone can switch to 5G when is outside India via ‘Smart 5G’, as 5G is not completely available in India, yet. It can be still used in ..

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G20 Meeting of Finance Ministers and Central Bank Governors held in Riyadh

The Meeting of Finance Ministers and Central Bank Governors from G20 nations was recently organised in Riyadh from February 22-23, 2020. The delegates from across the world attended the meeting, which focussed on maintaining the growth of global economy amid the negative effect of Corona virus in China and some countries.

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