Foreign Direct Investment (FDI): Current Affairs, GK & News - 2020-2021
Forex Reserves of India are rising
Published: June 11, 2020
The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of 493 billion USD. What is Foreign Exchange Reserve? The Foreign Exchange Reserves are the reserve assets that are held by the central bank in foreign currencies. It ..
Month: Current Affairs - June, 2020
Category: International Current Affairs
First 12,000 HP Electric Loco operationalized by Indian Railways
Published: May 20, 2020
On May 19, 2020, the Indian Railways operationalized the first 12,000 HP electric locomotive. The locomotive was built by the French Alstom Company under the Make in India initiative. Highlights The locomotive was manufactured at the Madhepura Electric Locomotive in Bihar. It is capable of hauling 6000 tonnes at a top speed of 120 km/hr. ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
UNCTAD: FDI inflows are to drop by 15% due to Corona Virus
Published: March 10, 2020
The United Nations Conference on Trade, Investment and Development has warned that the Foreign Direct Investment flows all over the world will reduce by 15% due to Corona Virus. According to the organization, the outbreak could cost 2 trillion USD to the global economy. Highlights The United Nations earlier pointed out that the growth of ..
Category: Economy & Banking Current Affairs
India plans to boost clean energy sector
Published: December 4, 2019
The Government of India is planning to integrate largest lenders to the power sector in order to help clean energy firms clear their dues. It includes Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and Indian Renewable Energy Development Agency (IREDA). The integration will help resolve growing crisis in the clean energy sector and also ..
Topics: Foreign Direct Investment (FDI) • IREDA • KUSUM Scheme • Power Finance Corporation • Renewable energy • Rural Electrification Corporation • Solar Power Projects • Solar Rooftop System • Wind Energy
India becomes Fourth Largest Foreign Investor into UK
Published: July 7, 2017
As per the official figures published by the UK’s Department for International Trade, India has become the fourth largest foreign investor into the UK in 2016-17. India has lost its position as the third largest investor to France. Salient Facts In 2016-17, India had set up 127 new projects and safeguarded 7,645 existing jobs and created 3,999 new jobs in the ..
Month: Current Affairs - July, 2017