ADB assures 2.2 billion USD loan to India

India had earlier approached Asian Development Bank and Asian Infrastructure Investment Bank for loans to fight against COVID-19. With India’s request, the ADB has assured a loan of 2.2 billion USD. Highlights The funds are to be used to help alleviate poverty, and also address economic impacts on micro, medium and small size enterprises. GoI ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Asian Development Bank (ADB) • Foreign investments • India-ADB • MSME • Policy • Public Sector Undertakings

Land Acquired from Tamil Nadu and Uttar Pradesh Defence Corridors to increase Defence Production

On March 23, 2020, the Defence Ministry announced in the Parliament that it has acquired land from the State Governments of Uttar Pradesh and Tamil Nadu. As Land is state subject, it is important for the centre to acquire land from the state government for development projects. Highlights The GoI is planning to increase Defence ..

Month: Current Affairs - March, 2020

Category: Defence Current Affairs

Topics: Defence exports • Defence Ministry • FDI • Foreign investments • Foreign Investments in India • Foreign Policy of India • Government of Uttar Pradesh • Tamil Nadu • Tamil Nadu Government

DefExpo-2020 Outcomes reported at the Parliament

On March 16, 2020, the Raksha Rajya Mantri Shri Shripad Naik submitted the outcomes of DefExpo-2020 at Rajya Sabha as a written reply. This year DefExpo-2020 was organized in Lucknow, Uttar Pradesh under the theme Theme: Digital Transformation of Defence Outcomes This year more than 856 domestic defence companies and 172 foreign companies participated at ..

Month: Current Affairs - March, 2020

Category: Defence Current Affairs

Topics: Defence exports • defexpo • DefExpo India- 2020 • FDI • Foreign investments • Government of Uttar Pradesh • India-Russia

Cabinet Approval: To amend Companies Act, 2013

On March 4, 2020, the Union Cabinet approved 72 changes to the Companies Act, 2013. The main aim of the amendment is to decriminalize the provisions in the act. Highlights The amendment aims to recategorize 23 offences and omit 7 compoundable offences. Under the amendment, the companies with Corporate Social Responsibility (CSR) obligation of less ..

Month: Current Affairs - March, 2020

Category: Legal & Constitution Current Affairs

Topics: Acts and Amendments • Bills and Acts • CLAT • Companies Act 2013 • Corporate social responsibility (CSR) • Foreign exchange reserves • Foreign investments • Injeti Srinivas Committee • Union Cabinet • Union Cabinet Decisions

World Bank Study: Effect of Automation on FDI flows

On January 6, 2020, the World Bank released its study on how FDI flows are affected in the world due to automation. The study concluded that automation will certainly disrupt the flow of capital from rich countries to poor countries. On the other hand, the poor countries can gain from automation if adopted at the ..

Month: Current Affairs - January, 2020

Category: Reports & Indexes Current Affairs

Topics: Automation • Economy • Employment • FDI • Foreign investments • Robotics • Unemployment • World Bank