Current Affairs

GK MCQs Section

Page-35 of Business

CCI imposes Rs. 54 crore fine on 3 airlines for unfair business practices

The Competition Commission of India (CCI) has imposed fine of more than Rs. 54 crore on Jet Airways, InterGlobe Aviation and SpiceJet for unfair business practices with respect...

March 8, 2018

India-China trade hits record $84.4 billion in 2017

According to data of Chinese General Administration of Customs, India-China bilateral trade has reached $84.44 billion last year, a historic high with 18.63% year-on-year growth rate. This is...

March 8, 2018

Cabinet approves two relief measures for stressed telecom sector

The Union Cabinet has approved two key measures in telecom sector to facilitate investments, consolidation in the sector and enhancing ease of doing business. These include restructuring Deferred...

March 8, 2018

US move to raise import duty on steel may hit India’s steel market: ISA

According to Indian Steel Association (ISA), proposal by Trump administration to levy steep tariff on steel imports may hit India’s domestic steel market. Recently, US had proposed to...

March 8, 2018

Commerce Ministry to devise strategy on product standards

The Union Ministry of Commerce and Industry has released draft Indian National Strategy for Standardisation for standardisation of products and services to provide level playing field to domestic...

March 7, 2018

Iraq overtakes Saudi Arabia as India’s biggest Oil Supplier

Iraq has overtaken Saudi Arabia to become India’s top crude oil supplier by supplying 38.9 million tonnes (MT) crude oil in the current financial year. It was fifth...

March 6, 2018

Government sets up Subhash Chandra Garg Committee to regulate fintech sector

The Union Government has set up 8 member steering committee look into the development and regulation of the financial technology (fintech) sector in India. It will be headed...

March 6, 2018

Services PMI contracts to 47.8 in February 2018

The Nikkei India Services Business Activity Index contracted at 47.8 in February 2018 compared with 51.7 in January 2018. A reading above 50 implies an expansion while one...

March 6, 2018

India 12th largest overseas holder of US securities in 2017

According to recent figures compiled by US Treasury Department, India is 12th largest overseas holder of US government securities. India’s exposure to it has risen sharply to high...

March 5, 2018

Cabinet approves establishment of National Financial Reporting Authority

The Union Cabinet approved establishment of National Financial Reporting Authority (NFRA) as an independent regulator for the auditing profession. It aims to tighten regulatory oversight over auditors and...

March 2, 2018

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