Page-54 of Economy & Banking Current Affairs

Karnataka State Budget 2023-24

February 17, 2023

The State of Karnataka is entering elections in May 2023. The Interim budget for 2023-24 was presented by the State CM Basavaraj Bommai. The interim budget is the budget presented ahead of elections. The Government of Karnataka is to set ..

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India’s first waste-to-hydrogen plant to be set up in Pune

February 17, 2023

The Government of India is to set up the first waste-to-hydrogen plant at a cost of Rs 430 crores in Pune. The plant will be built by a private company Green Billion Limited. The company has signed an agreement with ..

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Textile Advisory Group for Manmade Fibre

February 17, 2023

The Speaker of the house forms the advisory committees. One such committee was recently formed to look into the issues of the textile sector. The committee also studied the issues faced in the manmade fibres. The Minister of Textiles Shri ..

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RBI gives licenses for 32 payment aggregators

February 16, 2023

Payment Aggregator is a third-party payment solution provider. For instance, you use YONO SBI to shop on Amazon. Therefore, SBI is an online payment aggregator. Recently, RBI issued licenses to 32 payment aggregators to serve as online payment aggregators. This ..

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Shinku La Tunnel

February 16, 2023

The Shinku La or Shingo La is a mountain pass located on the border between HP and Ladakh. It is at an altitude of 5,091 metres. In 2016, the Border Road Organization built a road to the pass. However, the ..

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National Tribal Festival – Aadi Mahotsav

February 16, 2023

The Tribal Ministry is conducting the Aadi Mahotsav festival to promote tribal products. TRIFED organizes the festival on behalf of the ministry. The main objective of conducting Aadi Mahotav is to prevent the middlemen from exploiting the tribals. Profits of ..

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EU formally bans gas, diesel car sales from 2035

February 16, 2023

The European Union recently planned to ban the sale of gas and diesel cars. The ban will come into effect in 2035. The decision was made to increase the use of Electric Vehicles. The main objective is to achieve zero ..

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HARBINGER 2023: RBI announces 2nd global hackathon

February 16, 2023

The Reserve Bank of India recently announced the “HARBINGER-2023”. It is a hackathon. The theme of the hackathon is “Inclusive Digital Services”. Competitors from 22 different countries will participate in the hackathon. This includes Israel, the Philippines, Singapore, Sweden, the ..

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Defence: 75% capital to be spent on domestic procurement

February 16, 2023

Bandhan Ceremony was conducted at the AERO INDIA air show. During the ceremony, the Memorandum of Understanding (MoUs) and technology transfer agreements were signed by DRDO. Also, private defence companies launched their products and made key announcements. Defence Minister Shri ..

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Global sovereign debt roundtable

February 16, 2023

On the sidelines of the G20 meeting, Global Sovereign Debt Roundtable is to be held in Bengaluru. The event will discuss issues that are obstructing the debt restructuring processes. It will be co-chaired by IMF and World Bank along with ..

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