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 ..

Month: Current Affairs - December, 2020

Category: Economy & Banking Current Affairs

Topics: Foreign Direct Investment (FDI) • IFSC • Insurance Regulatory and Development Authority • IRDAI • Malhotra committee • Saral

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 ..

Month: Current Affairs - June, 2020

Category: International Current Affairs

Topics: FDI • FDI Policy • Foreign Direct Investment (FDI) • Foreign exchange reserves • Foreign Portfolio Investment • Forex Reserves • IMF • Special drawing rights

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. ..

Month: Current Affairs - May, 2020

Category: India Nation & States Current Affairs

Topics: Alstome • FDI • Foreign Direct Investment (FDI) • India-France • Indian Railways • Make in India • Railway Modernisation

UNCTAD: FDI inflows are to drop by 15% due to Corona Virus

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 ..

Month: Current Affairs - March, 2020

Category: Economy & Banking Current Affairs

Topics: Corona virus • COVID-19 • Economic growth • FDI • FDI Policy • Foreign Direct Investment (FDI) • UNCTAD • United Nations

India plans to boost clean energy sector

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 ..

Month: Current Affairs - December, 2019

Topics: Foreign Direct Investment (FDI) • IREDA • KUSUM Scheme • Power Finance Corporation • Renewable energy • Rural Electrification Corporation • Solar Power Projects • Solar Rooftop System • Wind Energy