Page-116 of Economy & Banking Current Affairs

Japanese Industrial Townships (JITs) in India

February 14, 2022

Department for Promotion of Industry & Internal Trade (DPIIT) of India and Ministry of Economy, Trade and Industry (METI) of Japan held annual meeting to review the progress under Japanese Industrial Townships (JITs) in India. Key Facts DPIIT and the ..

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Cut in Tax on crude palm oil imports

February 14, 2022

Central Government cut tax on imports of crude palm oil (CPO), from 7.5 percent to 5 per cent. It came into effect on February 13, 2022. Key Facts India is world’s biggest edible oil importer. It tries to rein in ..

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ABG Shipyard Bank Fraud

February 14, 2022

The Central Bureau of Investigation (SB) has booked ABG Shipyard Ltd, in its biggest bank fraud case. Highlights CBI also booked its then Chairman and Managing Director Rishi Kamlesh Agarwal along with others. They have been booked for cheating a ..

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Target for Renewable Energy in Agriculture Sector

February 12, 2022

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 ..

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Indian Airports in ACI- Voice of Customer Recognition 2021

February 12, 2022

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 ..

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GDP Deflator Forecast for FY23

February 11, 2022

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 ..

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RBI Monetary Policy Update

February 10, 2022

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 ..

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India’s first Biomass-based hydrogen plant

February 10, 2022

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 ..

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Western Railways: 100th textile express

February 10, 2022

Mumbai Central Division of Western Railway achieved a milestone of loading “100th textile train” from Chalthan in Surat area to Sankrail in Kharagpur Division, SER. Highlights The Textile Express fetched a total revenue of Rs 10.2 crores for the Railways. ..

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NITI Aayog: SAMRIDH initiative

February 9, 2022

Sustainable Access to Markets and Resources for Innovative Delivery of Healthcare (SAMRIDH) initiative was announced by ‘Atal Innovation Mission (AIM) of NITI Aayog in association with the U.S. Agency for International Development (USAID). About SAMRIDH Initiative This new partnership will ..

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