Investment: Current Affairs, GK & News - 2020-2021

Union Cabinet: Capital Infusion of Rs 6,000 crores into NIIF approved

Published: November 25, 2020

On November 25, 2020, the Union Cabinet approved Rs 6,000 crores of capital infusion into the National Infrastructure Investment Fund. This is a part of the Atma Nirbhar Bharat Abhiyan. The move will leverage to create financial pipeline of Rs 1 lakh crore. National infrastructure investment fund The National Investment Infrastructure Fund was set up ..

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RBI bans FDI establishments from Mauritius-Reasons, Causes, Impacts

Published: October 8, 2020

The Reserve Bank of India recently said that companies cannot set up Foreign Direct Investment from Mauritius. The apex bank has also banned FDI from jurisdictions similar to Mauritius as they do not comply with the norms set by Financial Action Task Force (FATF). Highlights Mauritius was recently listed in grey list of the FATF. ..

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Google to invest 10 billion USD in India

Published: July 13, 2020

On July 13, 2020, PM Modi interacted with the CEO of Google, Mr Sundar Pichai. After the interaction, the CEO announced that Google is to invest 10 billion USD in India in the future. Highlights The investment will mainly focus Digital India initiative of Government of India. Google has named the investment as “India Digitisation ..

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Institute for Management Development releases World Competitive Index

Published: June 16, 2020

The Institute of Management Development recently released the World Competitive Index. India ranked 43rd in the ranking. Highlights In 2019, India was at the 43rd ranking. Since 1989, India had ranked 41st in the World Competitiveness Ranking. However, it slipped to 45th rank in 2017 and secured 44th in 2018. The continuous low ranking of ..

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GoI discontinues 7.75% savings bonds

Published: June 1, 2020

The Reserve Bank of India recently announced that the Government of India has discontinued 7.75% savings bonds. Highlights The 7.75% savings bonds that are also called government bonds or RBI bons were issued in 2018. They were available for the resident citizens of India alone. The value of one bond was Rs 1000 and there ..

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