Page-114 of Economy & Banking Current Affairs

RBI Sell/Buy Swap Auction

February 23, 2022

Reserve Bank of India (RBI) recently announced to undertake a “sell/buy swap auction” of USD 5 billion in March, 2022. Highlights The Sell/Buy Swap Auction will help in levelling the liquidity of rupee in the light of expected behemoth IPO ..

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25th Meeting of Financial Stability and Development Council

February 23, 2022

In the city of Mumbai, the Financial Stability and Development Council’s (FSDC) 25th meeting was held. This meeting was held under the chair of Finance Minister Nirmala Sitharaman. Overview: The council discussed the different mandates of the FSDC as well ..

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SEA-ME-WE-6 Undersea Cable Consortium

February 23, 2022

Bharti Airtel Ltd has joined “SEA-ME-WE-6 undersea cable consortium”, for scaling up its high-speed global network capacity and serving India’s fast growing digital economy. Key facts Airtel is participating as a major investor in SEA-ME-WE-6. It is anchoring 20% of ..

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Nomura Business Resumption Index- Update

February 22, 2022

For the week which ended on 2oth February, the Nomura India Business Resumption Index (NIBRI) reached a record high of 122.8, up from 119.5 the previous week. Overview: The Index showed weak demand due to rising inflation and the scarring ..

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Lavender Cultivation’ in Ramban

February 22, 2022

According to Union Minister of State of Prime Minister’s office, Jitendra Singh, central government was planning to start ‘Purple Revolution’ in Ramban district of Jammu and Kashmir. Highlights Purple revolution will be planned by encouraging lavender cultivation under CSIR-IIIM’s Aroma ..

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What are Kisan Drones?

February 21, 2022

On February 18, 2022, Prime Minister Narendra Modi flagged off 100 kisan drones in different cities and towns of India, in order to help farmers in spraying pesticides in their farms. Key Facts This is a new chapter in direction ..

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Revamp of Commerce Department

February 21, 2022

The government plans to reorganize the commerce department so that it can implement a more organized trade promotion strategy with clear targets. A dedicated trade promotion organization and a trade remedies review committee have been proposed as part of the strategy. ..

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NSE Co-Location Case- Explained

February 21, 2022

The NSE co-location scam involves market manipulation at India’s largest stock exchange, the National Stock Exchange of India. Certain people got market information ahead of the rest of the market, allowing them to earn huge profits, thus violating the NSE’s ..

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RCS UDAN- First flight between Delhi-Khajuraho

February 21, 2022

Union Minister of Civil Aviation Jyotiraditya M. Scindia, recently flagged off the first direct flight between Delhi and heritage city of Khajuraho. Key Facts With the start of this flight, a total of 405 routes would be operationalized under UDAN-RCS ..

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Upper Bhadra Project- New National Project

February 19, 2022

On February 16, 2022, Chief Minister of Karnataka Basavaraj Bommai announced that the high-powered committee of central government gave national project status to “Upper Bhadra Project”. Highlights This is the first project from state to get this status. This status of national ..

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