Foreign Direct Investment (FDI) Current Affairs, GK & News

FPI inflows in India: Rs 2.74 lakh crores in 2021

In 2021, India has emerged as the largest recipient of Foreign Portfolio Investments. The net FPI inflow for the fiscal year 2020-21 was Rs 2.74 lakh crores. Investment in equity segment The investments in the equity segment for the year 2020-21 touched Rs 2,74,503.  This is the highest quantum of money recorded since the National ..

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Rajya Sabha passes Insurance Amendment Bill

The Rajya Sabha has passed the “Insurance Amendment Bill 2021”. The Bill will amend the Insurance Act, 1938. The bill was passed even after the Opposition parties was criticising the bill for its clause that enable “control and ownership” by the foreign investors. Key Provisions of the bill The bill will increase the limit of ..

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What is IAIS?

International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions constituting 92% of the world’s insurance premiums. It is the international standard setting body in charge of developing and assisting in the implementation of principles, standards and other supporting materials for the supervision of ..

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Forex Reserves of India are rising

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 ..

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First 12,000 HP Electric Loco operationalized by Indian Railways

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. ..

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