Capital Current Affairs, GK & News

RBI launches OBICUS

On April 16, 2020, the Reserve Bank of India launched OBICUS. This is the 49th round of survey by the apex bank for the period January to March. Highlights The Capacity Utilisation declined to 68.6% from 69.1%. What is OBICUS survey? OBICUS is Order Books, Inventories and Capacity Utilization Survey (OBICUS). The survey provides an ..

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SAFE Scheme: SIDBI provides working capital of Rs 1 crore to MSME

On April 8, 2020, the Small Industries Development Bank of India announced that it will provide emergency working capital of Rs 1 crore to small and medium enterprises. SAFE Scheme The SIDBI launched SAFE scheme on March 26, 2020. The SAFE scheme is SIDBI Assistance to Facilitate Emergency Response against Corona Virus. It is financial ..

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Facts Box: “Three Capital Bill” of Andhra Pradesh

The Andhra Pradesh Government has passed the “Andhra Pradesh Decentralisation and Equal Development of All Regions Bill”, 2020. The bill paves way for three capitals of the state. Highlights The three capitals are Amaravati-legislative capital, Vishakhapatnam-the executive capital and Kurnool-judicial capital. The three-capital system is being adopted by the government of Andhra Pradesh in order ..

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Kalimantan: Indonesia to move capital from Jakarta to Borneo Island

Government of Indonesia has announced to move its current capital from Jakarta (on the island of Java) to the sparsely populated East Kalimantan (on Borneo island). Indonesia’s President Joko Widodo has announced that his government plans to build smart, green capital city on Borneo island. However, t some environmentalist groups fear $33billion relocation plan of ..

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Indonesia to shift capital from Jakarta to East Kalimantan

The nation of Indonesia has decided to shift its capital territory from Jakarta to a new site located in East Kalimantan province. What has happened? Indonesia is one of the world’s most populous countries and while home to several islands, its capital is located at Jakarta. Over, half of the country?s nearly 270 million people ..

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