Indian Government Majority Stake in Vodofone

The Vodofone recently announced that its board members have given permission to convert the Adjusted Gross Revenue dues to equity. With this GoI will now have 35.8% of share in Vodofone company. This makes it the largest shareholder of Vodofone. ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs

Developing Country Tag at WTO

The World Trade Organization recently provided the “developing country” tag. This couldn’t be accepted by several countries. About the tag at WTO The organization has officially not created any definitions for “Developed” or “developing “countries. However, when a tag is ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs • International / World Current Affairs

India – Korea Trade Talks

On January 11, 2022, India and Korea held a bilateral trade talk. The talks focused on non – tariff barriers, market access issues, trade deficit faced by the Indian exporters. The countries also discussed investment related issues. Background The India ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs • International / World Current Affairs

Foreign direct investment in LIC

The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs

Kochi Water Metro Project

The Kochi Water Metro Project is a ferry transport project. It provides feeder service to the suburbs. With this Kochi has become the first city in India to launch water metro project. About the Project The project is operated by ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs

Food Processing Ministry Grievance Cell

Union Food Processing Ministry has created a dedicated grievance cell, for maintaining uninterrupted supplies of food-related essentials. Key Points Decision to create ‘grievance cell’ was taken as State governments in India have started imposing several restrictions for curbing the surge ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs • Legal & Constitution Current Affairs

RBI’s Fin-Tech Department

The Reserve Bank of India (RBI) set up an internal “FinTech department” for focusing on the dynamically changing financial landscape in India. When was this department set up? As per RBI circular, the FinTech department was set up on January ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs

DPIIT Helplines for E-Commerce Firms

The Department for Promotion of Industry and Internal Trade (DPIIT) recently launched helpline numbers for E – Commerce. The helpline will aid in smooth functioning of e – commerce supply chains. Who can use the helpline? Wholesaler, manufacturers, transporters, E ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs

Investment in India Agri Start – Ups – Recent Trends

The AgFunder and Omnivore, a capital released the “India AgriFood Startup – Investment Report”. According to the report, the investment in agri and food tech start ups increased by 97% in 2020-21. It increased to 2.1 billion USD. The investments ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs

MoCA Suggestions on Use of Drones

The Ministry of Civil Aviation recently made certain suggestions on using drones. The suggestions were made from surveillance to disaster management. Also, the ministry suggested the Home Ministry to deploy UAVs for crime control, aerial vehicles for surveillance, disaster management, ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs