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India-Austria Comprehensive Migration and Mobility Partnership Agreement

January 2, 2023

As part of its efforts to facilitate the mobility of students, academics, and researchers, and promote migration for professional and economic reasons, India is set to sign a Comprehensive Migration and Mobility Partnership Agreement (MMPA) with Austria during External Affairs ..

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Croatia’s switch to Euro

January 2, 2023

Croatia has taken two major steps towards further integration with the European Union (EU) by adopting the euro and joining the Schengen zone. The country officially became the 20th member of the eurozone on January 1st, and the removal of ..

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India’s Unemployment Rate Reaches Highest Level in 16 Months

January 2, 2023

According to data from the Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate reached 8.30% in December, the highest level in 16 months. This marks an increase from the 8.00% recorded in November. The urban unemployment rate also saw ..

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International Year of Millets (IYM) 2023

January 2, 2023

The Government of India has sponsored the proposal for the International Year of Millets (IYM) 2023, which has been accepted by the United Nations General Assembly (UNGA). This has given the Indian Government the opportunity to celebrate the IYM and ..

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Birth Anniversary of Satyendra Nath Bose

January 2, 2023

The Indian physicist Satyendra Nath Bose made significant contributions to the field of quantum mechanics, and his work with Albert Einstein led to the development of the Bose-Einstein statistics. On the occasion of his 129th birth anniversary, we take a ..

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RBI’s Launch of Utkarsh 2.0

January 2, 2023

The Reserve Bank of India (RBI) has launched Utkarsh 2.0, the second phase of its medium-term strategy for strengthening regulatory and supervisory mechanisms. Utkarsh 2.0 builds upon the foundation laid by Utkarsh 2022, which was launched in July 2019 and ..

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Banking, Finance & Economy Current Affairs Quiz -January 2, 2023

January 2, 2023

41. How much did IDFC grant HDFC to help green affordable housing finance? [A] 350 million[B] 400 million[C] 100 million[D] 500 million Show Answer Correct Answer: B [400 million] Notes:A loan of USD 400 million was given to Housing Development ..

Railways’ Energy efficiency plan

January 2, 2023

The Indian Railway Ministry has outlined a five-pronged plan to become carbon-neutral by 2030, as part of the country’s commitment to the United Nations Framework Convention on Climate Change. The plan aims to reduce energy consumption through efficient operations and ..

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Draft Statement on Industrial Policy 2022

January 2, 2023

The Department for Promotion of Industry and Internal Trade (DPIIT) in India is currently working on a new industrial policy that aims to increase financing options for industry and promote the “Made in India” brand. This policy, titled the “Statement ..

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UPI Reaches Record High in December

January 2, 2023

India’s Unified Payments Interface (UPI) processed a record 7.82 billion transactions in December, worth a total of INR 12.82tn ($174.6bn). This represents an increase of 7.12% in volume and 7.73% in value compared to November. On a year-on-year basis, volume ..

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