NDB in GIFT City

New Development Bank (NDB) is set to become the first multilateral agency to open an office in Gujarat International Finance Tech City (Gift). Key Points New Development Bank has received the approval for the same. It will open the office in ..

Month: Current Affairs - March, 2022

Category: Economy & Banking Current Affairs • International / World Current Affairs

Delhi Science Innovation Hub

Government of Delhi is all set to develop a “Science Innovation Hub” at a school run by it in Kautilya Enclave. Key Points Delhi Science Innovation Hub includes all the modern and latest facilities, like a planetarium which is a ..

Month: Current Affairs - March, 2022

Category: Economy & Banking Current Affairs • India Nation & States Current Affairs

SWIFT Ban on Russia

The United States and the European Union (EU) have decided to cut off a number of Russian banks from SWIFT, the main international payment system. Russia’s central bank assets will also be frozen, which will limit Moscow’s ability to access ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • International / World Current Affairs

National Polio Immunization Drive, 2022

Union Minister for Health & Family Welfare, Dr. Mansukh Mandavia, launched the National Polio Immunization Drive for 2022, on February 26. Highlights On the Occasion, the Minister noted that, India’s strategic fight against polio is a success story of its public ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

MSME-Technology Centres

Narayan Rane, the Union MSME Minister has announced the formation of the MSME Technology Centre at Sindhudurg, Maharashtra. This will be set up at a cost worth Rs 200 crore. Overview: The Konbac Sfurti Cluster in Kudal was also launched. ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • India Nation & States Current Affairs

Union Bank MSME RuPay Credit Card

On February 25, 2022, the Union Bank of India (UBI) launched “Union MSME RuPay Credit Card” in association with National Payments Corporation of India (NPCI). Key Facts The “Union MSME RuPay Credit Card” was launched to meet business related operational ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs

India’s FDI Inflow in April-Dec 2021

According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), during April-December 2021, India’s Foreign direct investment (FDI) equity inflows contracted by 16 percent to USD 43.17 billion. Overview: During the same time period the previous ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs

Russia-Ukraine Invasion- Impact on India

On February 24, 2022, Russian President Vladimir Putin announced a military operation in Ukraine, which was termed as “full-scale invasion” by Ukrainian foreign minister. Highlights US President Joe Biden called this move of Russia “an unprovoked and unjustified attack”. The ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • International / World Current Affairs

IATA Pay Platform

On February 24, 2022, Global banking group Standard Chartered announced its partnership with International Air Transport Association (IATA) to launch a payment platform for airline industry in India. Key Facts In addition to existing payment options like credit cards, IATA Pay will be a ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs

Delhi Film Policy 2022

Government of Delhi is all set to pitch Delhi as an international filmmaking destination, by approving “Delhi Film Policy 2022”. Highlights On February 24, 2022, Delhi Cabinet approved India’s most progressive state film policy in a bid to promote Delhi ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • India Nation & States Current Affairs