Page-94 of Economy & Banking Current Affairs

Seven companies have built ONDC compatible apps

June 24, 2022

According to union commerce and industry ministry, seven companies have adopted ONDC protocols and have built their own ONDC-compatible apps. Highlights These apps have been able to complete the cascaded transactions successfully, across the ONDC network during pilot phase. Cascaded ..

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WB’s USD 245-million loan for Railway Logistics Project

June 24, 2022

The World Bank (WB) has approved a USD 245 million loan to extend support for Railway Logistics Project. Highlights World Bank loan will support India’s efforts of modernising rail freight and logistics infrastructure. As per statement, capacity constraints of Indian ..

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SEBI Advisory committee on Hybrid securities

June 23, 2022

The Securities and Exchange Board of India (SEBI) has set up an advisory committee on hybrid securities, to make recommendations for the growth of hybrid securities. About Advisory committee on hybrid securities The committee will also recommend on measures focusing ..

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First India-Nepal Bharat Gaurav Tourist Train

June 23, 2022

On June 21, 2022, the first India-Nepal Bharat Gaurav tourism train was flagged off from Safdarjung Railway Station in Delhi. Key Facts The train is carrying 500 Indian tourists on board. It will arrive at Janakpur Dham station in Nepal, ..

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Twin Deficit Problem in India

June 23, 2022

Ministry of Finance recently released its ‘Monthly Economic Review’ report. In the report, Ministry has highlighted that, Fiscal Deficit and Current Account Deficit (CAD) are two key areas of concern for the Indian economy. Findings of the report Monthly Economic Review ..

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Centre for Brain Research (CBR) at IISC, Bengaluru

June 22, 2022

On June 20, 2022 Prime Minister Narendra Modi inaugurated the Centre for Brain Research (CBR). Key Facts The Centre for Brain Research (CBR) has been set up at Indian Institute of Science (IISc), at a cost of Rs 280 crore. ..

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ONORC Scheme Operational in Entire Country

June 22, 2022

With the adoption of “One Nation One Ration Card (ONORC) in Assam, this scheme has become operational in entire India. Key Points Assam became the 36th state to adopt One Nation One Ration Card food security scheme. With the addition ..

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Critical Information Infrastructure

June 21, 2022

In a notification issued on June 16, 2022, the Union Ministry of Electronics and IT (MeitY) has declared IT resources of HDFC bank, ICICI Bank, and NPCI as ‘critical information infrastructure (CII)’. What is critical information infrastructure? According to Information ..

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Extension of Telecom PLI scheme

June 21, 2022

The Department of Telecommunication (DoT) has amended the Production Linked Incentive (PLI) scheme for promoting telecom and networking products manufacturing, based on the feedback of stakeholders. What are the amendments? DoT has extended the scheme by one year. It has ..

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Kerala Migration Survey

June 21, 2022

Chief Minister of Kerala, Pinarayi Vijayan, has announced to conduct “Kerala Migration Survey 2022-23”, in order to prepare a data bank on Malayali expatriates across the world. Key Points Data bank will be prepared, because lack of data affected the ..

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