Economy & Banking Current Affairs

Short Note : Renewable Energy

The simple laws of economics threaten to doom the world’s remaining coal power plants. The culprit- renewables. What is happening? The rapid and sustained fall in the price of wind and solar costs has put the majority of the world’s coal fleet could be phased out for renewable energy. This will also save customers money ..

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Update : Border Controls in United States

United States president Donald Trump has announced that the US federal authorities plan to make several arrests of illegal immigrants in the country. What is about to happen? The head of US Immigration and Customs Enforcement has said that the efforts to deport families with orders to leave the country The US president and other ..

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Update : Digital Transactions in India

India’s largest bank, the State Bank of India, has waived the NEFT and RTGS transactions on the payments carried on the internet and mobile banking from July 1. This comes on the heels of an earlier Reserve Bank of India order to do away these charges to promote a cash less-cash economy in the country. ..

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Short Note : Economic Crisis in Pakistan

The International Monetary Fund (IMF) has stated that the nation of Pakistan is facing significant economic challenge. These challenges are due to the lack-lustre growth exhibited by the markets of Pakistan. What is happening in Pakistan? As per the IMF figures, the real GDP growth in Pakistan over the past few years has been only ..

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Short Note : Iran’s Nuclear Program

Iran has recently announced that it would increase the uranium enrichment of its uranium program to 3.67%. While this has sent alarm bells ringing in the United States and in the other West European countries, Iran claims that the uranium enrichment level is still below the refinement needed for nuclear weapons. Even the nuclear plant ..

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