Auction Current Affairs, GK & News

Auction  Current Affairs, GK & News

Food Corporation of India conducts E-Auction to meet goals of Pradhan Mantri Garib Kalyan Ann Yojana

On April 2, 2020, the Food Corporation of India is to conduct Open Market Sales Scheme to ease the supply of Food Grains in the market. This is being done to ensure uninterrupted supply of rice and wheat in the country during the lock down period Highlights The Food Corporation of India operating under Ministry ..

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Finance Minister launches eBkray; an e-auction platform

On December 29, 2019, Finance Minister Nirmala Sitaraman launched “eBkray” to enable online auction of assets owned by banks. eBkray is an online portal that will act as a common platform to buy and sell assets through auction. Highlights The platform has property search features. It also has navigational links to the auction sites that ..

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RBI decides to inject liquidity via forex swaps

The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap — a first-of-its-kind instrument used for liquidity management. The RBI would conduct dollar-rupee buy/sell swap auction of $5 billion for tenor of 3 years on March 26 to inject rupee liquidity for longer duration. ..

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Raja Ravi Varma's painting on Tilottama fetches over Rs.5 crore at New York auction

Renowned Indian painter Raja Ravi Varma’s untitled painting of Tilottama was sold for $795,000 (around Rs 5 crore) at Sotheby’s Modern and Contemporary South Asian art auction in New York. The winning bid was made by anonymous private collector. Key Facts The 20 x 13 and quarter inch oil on canvas masterpiece was created by ..

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