Investments Current Affairs, GK & News

PLI Scheme for White Goods

March 8, 2022

Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) was launched in 2021 with a budgetary outlay of Rs. 6,238 crore. About PLI scheme PLI scheme is aimed at making India’s manufacturing sector globally competitive by creating economies of scale, ensuring efficiencies, and removing disabilities. The benefits of the scheme include ..

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Odisha Govt to set up District Investment Promotion Agencies (DIPA)

March 9, 2021

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 ..

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

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 ..

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

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 ..

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

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 ..

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Interest Rates of Small Saving Schemes lowered

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 ..

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