Page-95 of Economy & Banking Current Affairs

Konkan Railway Electrified Network

June 20, 2022

Prime Minister Narendra Modi is scheduled to dedicate 100% electrification of the Konkan Railway (KR) route to India. He will flag off trains on electric traction from Ratnagiri, Margao and Udupi through video conferencing. Electrification of Konkan Railway Konkan Railway ..

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APEDA ‘Mango festival’ in Bahrain

June 18, 2022

The Agricultural and Processed Food Products Export Development Authority (APEDA) is organising an eight-day long mango festival in Bahrain, in order to boost Mango export. Key Facts During the mango festival, 34 varieties of mangoes are being displayed. All the ..

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RBI: ‘Payments Vision 2025’ Document

June 18, 2022

On June 17, 2022, the Reserve Bank of India (RBI) released its vision on architecture of digital finance, in a document for payments systems. Payment Vision 2025 document The document includes: Regulations for BigTechs and fintechs in payments Guidelines on payments ..

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Pragati Maidan Integrated Transit Corridor project

June 18, 2022

Prime Minister Narendra Modi is set to inaugurate much-awaited tunnel and six underpasses, as a part of Pragati Maidan Integrated Transit Corridor project, on June 19, 2022. About Pragati Maidan Integrated Transit Corridor The Transit Corridor is likely to ease traffic for ..

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Special ASEAN-India Foreign Ministers’ Meeting (SAIFMM)

June 17, 2022

India hosted a Special ASEAN-India Foreign Ministers’ Meeting (SAIFMM) on June 16, 2022, in order to commemorate 30 years of ASEAN-India Dialogue Relations. Key Facts Meeting was co-chaired by External Affairs Minister S. Jaishankar and Minister of Foreign Affairs of ..

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Fed’s biggest interest rate hike in 30 years

June 17, 2022

Central Bank of United States has announced the biggest interest rate increase in 30 years in a move to fight the soaring consumer prices. Key Facts Central bank has decided to increase its key interest rate by three quarters of ..

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BIS: New Indian Standard for ‘Mitticool refrigerator’

June 17, 2022

National Standards Body “Bureau of Indian Standards (BIS)” recently developed an Indian Standard for “non-electric cooling cabinet made of clay or “Mitticool refrigerator”. The developed standard is “IS 17693: 2022””. Who invented Mitticool Refrigerator? Mitticool refrigerator has been invented by ..

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Industrial Decarbonization Summit 2022

June 17, 2022

Union Minister for Road Transport and Highways, Nitin Gadkari, inaugurated the “Industrial Decarbonization Summit 2022”- road map for carbon neutrality by 2070 on June 16, 2022. Highlights During the inauguration, minister emphasized on maintaining equilibrium between environment, ecology, and development. ..

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Kerala: First in Asia’s Global Start-up Ecosystem Report

June 16, 2022

Asia’s Global Start-up Ecosystem Report was recently released on June 14, 2022, in the light of London Tech Week 2022. Highlights In the report, start-up ecosystem in Kerala has been ranked at first position in Asia. Kerala has also been ..

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New Amendments in IBBI Regulations

June 16, 2022

On June 15, 2022, The Insolvency Bankruptcy Board of India (IBBI) amended insolvency regulations. What are the amendments? The amended insolvency regulations now require creditors to file information on assets and liabilities of their corporate debtors, as well as other ..

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