PFRDA launches T+2 settlement for NPS withdrawal

The Pension Fund Regulatory and Development Authority recently reduced the turnaround time of the National Pension Scheme to T+2 years. Earlier, it was T+4 years. What is T+2 or T+4? T is the date, the request was made. T+2 means, ..

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

North India First Nuclear Plant

The Union Minister for Science and Technology recently announced that a new nuclear plant is to be built in Gorakhpur, Haryana. This will be the first nuclear plant in North India. The plant is to be built on 560 hectares ..

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs

49th meeting of GST Council

The GST Council makes recommendations to the Union Government and the State Government based on the issues related to GST. There are 33 members of the council. Of these 31 are from states and UT and 2 are from the ..

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs

Manipur hosts B20 Conference

On the sidelines of the G20 summit, the State of Manipur hosted the B20 conference. The theme of the conference was Sustainable Growth and Development. It was in line with the theme of the G20 summit, which is One Earth ..

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs

One Year of India-UAE CEPA

India and UAE signed the Comprehensive Economic Partnership Agreement in 2022. In 2023, the countries celebrated one year of signing the agreement recently. CEPA is a Free Trade Agreement. With UAE, India signed CEPA on agriculture, taxation, customs valuation, trade ..

Month: Current Affairs - February, 2023

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

Qatar lifts temporary ban on Indian Frozen Seafood

In November 2022, Qatar detected Vibrio Cholera in Indian consignments. Following this, the country banned seafood from India. This was done just before the FIFA world cup. Qatar hosted the 2022 FIFA and testing laboratories were occupied with FIFA-related assignments. ..

Month: Current Affairs - February, 2023

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

NASSCOM Report on AI skill penetration

The National Association of Software and Services Companies, NASSCOM released a report on “Artificial Intelligence Penetration”. The report was launched along with DRAUP and SALESFORCE. According to the report, the AI penetration of India is 3.09. This is the highest ..

Month: Current Affairs - February, 2023

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

Ethanol interest subvention scheme- Updates

The Government of India recently approved nine ethanol blending projects. These projects are to be implemented under the Ethanol Interest Subvention Scheme. The newly added projects are expected to produce 35 crore litres of ethanol. Of these nine, three are ..

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

BEL and Israel Aerospace to form JV

The Bharat Electronics Limited operating under the defence ministry recently signed a Memorandum of Understanding with the Israel Aerospace Industries (IAI) at the Aero India Air Show. According to the agreement, BEL and IAI will establish a joint venture. The ..

Month: Current Affairs - February, 2023

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

New market segment for EXPENSIVE power

The Central Electricity Regulatory Commission recently approved a proposal to start a separate market for expensive power. These expensive power markets are usually referred to as spot power markets. What is expensive power according to the regulatory body? Electricity derived ..

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs