Investments Current Affairs, GK & News
Odisha Govt to set up District Investment Promotion Agencies (DIPA)
The State of Odisha has decided to set up the dedicated “District Investment Promotion Agencies (DIPA)” in 30 districts of the state. The DIPA will help in promoting and facilitating the investment in the state. Significance of the move The state of Odisha has observed the significant industrial development in last two decades. This large-scale ..
Month: Current Affairs - March, 2021
Category: States Current Affairs
Topics: District Investment Promotion Agencies (DIPA) • employment generation • Investments • State Level Single Window Clearance Authority • State of Odisha
Maharashtra govt signs MOUs worth Rs. 16,100 crore with 12 global corporations
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
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
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
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