Maharashtra govt signs MOUs worth Rs. 16,100 crore with 12 global corporations

Published: June 16, 2020

Maharashtra govt signed Memorandum of Understanding-MOUs with 12 global corporations from the USA, China, South Korea, and Singapore, and India. prominent companies investing in Maharashtra include Great Wall Motors Company, API Motors, United Phosphorus, and ExxonMobil. The Memorandum of Understanding worth Rs. 16,100 crore were signed for various developmental projects in information technology, I-T enabled ..

Month: Current Affairs - June, 2020

Topics: Investments • Maharashtra • MOU

IMF: Recession due to COVID-19 to be worse than 2009

Published: March 24, 2020

On March 24, 2020, the International Monetary Fund announced that the recession to be caused due to Corona Virus is to be worse than the 2009. IMF has specifically warned the G20 nations that the current economic outlook is towards negative. The G20 nations are to hold a virtual summit in a week to come ..

Month: Current Affairs - March, 2020

Category: International Current Affairs

Topics: 2008 financial crisis • Corona virus • COVID-19 • Economic growth • Global Economy • IMF • Investments

GDP at 4.5% in Second Quarter(July-September), Lowest in 25 Quarters

Published: November 29, 2019

The Gross Domestic Product(GDP) of India has now been declining for five straight quarters in a row, falling by 0.5 percent from the first quarter of 2019-20 to 4.5 percent in the second quarter, registering the slowest and lowest growth rate since the final quarter of 2012-13. The further decline in the GDP during the ..

Category: Economy & Banking Current Affairs

Topics: credit growth • credit outflow • GDP • Investments • lending rate • manufacturing sector • Public Sector Banks • Real Estate • Reserve Bank of India

Interest Rates of Small Saving Schemes lowered

Published: June 29, 2019

The Central government has reduced the prevailing interest rates in several saving schemes as per a notification issued on 28th June 2019. Which Schemes have changed? The schemes for which the interests have been lowered are the five-year Senior Citizen Savings Scheme, the five-year National Savings Certificate, Public Provident Fund, Sukanya Samriddhi Yojana and the ..

Category: Government Schemes Current Affairs

Topics: Banking in India • Interests • Investments • PPF • Savings • Savings Schemes

Revamping Food Laws

Published: June 15, 2019

The Governing Council of the NITI Aayog chaired by Prime Minister Narendra Modi will look at the proposal of the NITI Aayog to reform the food laws. Proposals at the Table NITI Aayog has recommended the scrapping of the Essential Commodities Act, 1955 framed during the era of food scarcity since it has become an ..

Topics: Essential Commodities Act 1955 • Investments • NITI Aayog • Prevention of Black-marketing and Maintenance of Supplies of Essential Commodities (PBMSEC) Act

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