Page-78 of Economy & Banking Current Affairs

REC Limited accorded Maharatna status

September 23, 2022

The REC Ltd. has been accorded the status of ‘Maharatna’ Central Public Sector Enterprise. Key facts The REC Ltd., is the 12th company to be given the Maharatna Status. The Maharatna status provides the state-run company’s board more power while ..

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Global Financial Centres Index

September 23, 2022

New York topped the 32nd edition of the Global Financial Centres Index (GFCI 32) as the most favoured financial centre in the world. Key findings The top three most favored financial centres in the world are New York, London and ..

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Draft Indian Telecommunications Bill, 2022

September 22, 2022

Draft Indian Telecommunications Bill, 2022 was unveiled recently by the Department of Telecommunications for stakeholders’ comments. Key features The objective of the draft bill is to consolidate and make changes to existing laws for the development, expansion and operation of ..

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Export Promotion Council (EPC) for Medical Devices

September 22, 2022

The Indian Government has decided to set up a separate Export Promotion Council (EPC) for Medical Devices. Key facts The new EPC would have headquarters in Yamuna Expressway Industrial Development Authority (YEIDA), Greater Noida, Uttar Pradesh and regional offices in ..

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300 in Wipro fired for moonlighting

September 22, 2022

Wipro has sacked employees who were involved in moonlighting. What is Moonlighting? Moonlighting is the term used to describe an individual taking up a second job or multiple other work assignments besides his full-time job. The practice of working for ..

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SCALE app

September 22, 2022

The SCALE (Skill Certification Assessment for Leather Employees) app was launched by the Minister of Education and Skill Development Dharmendra Pradhan during his visit to the Council of Scientific and Industrial Research (CSIR)-Central Leather Research Institute (CLRI) on September 20, ..

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Ambedkar Circuit

September 22, 2022

The Indian Government is looking to use special AC train to promote the proposed Ambedkar Circuit that covers various places in India associated with B.R. Ambedkar. Key facts The Union Tourism Minister, while inaugurating a 3-day conference of state tourism ..

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First Advance Estimates of production of major kharif crops

September 22, 2022

The Central government has released the first-ever advance estimates of production of major Kharif crops. Key facts The Ministry of Agriculture and Farmers Welfare has released the advance estimates of production of major Kharif crops for 2022-23. The recently released ..

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Global Fintech Fest 2022

September 21, 2022

The Global Fintech Fest 2022 is organized to provide a platform to discuss ways to achieve sustainable finance. Key facts The GFF 2022 is jointly organized by National Payments Corporation of India (NPCI), the Payments Council of India (PCI) and ..

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ADB releases updated Asian Development Outlook

September 21, 2022

The updated Asian Development Outlook predicts that developing economies will faster than China. Key findings For the first time in 30 years, rest of developing Asia will grow at faster pace than China. Previously, when China’s growth fell to 3.9 ..

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