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 ..

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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. ..

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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 ..

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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 ..

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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 ..

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