Sale of NINL to Tata Steel Long Products

The government recently approved the sale of loss-making Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd. Key Facts NINL will be sold to Tata Steel for Rs 12,100 crore. This is first case of privatisation of a public sector steel manufacturing ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs

Battery swapping policy for EVs

On February 1, 2022, Finance minister Nirmala Sitharaman announced a “Battery swapping policy for EVs”, during Budget speech of 2022. Battery Swapping Policy for EVs The Battery Swapping Policy for EVs was announced in a bid to scale, promote and ..

Month: Current Affairs - February, 2022

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

National Land Monetisation Corporation

According to Economic Survey, central government has set up a “National Land Monetisation Corporation” in a bid to FastTrack the monetisation of land and non-core assets of public sector entities. Key Facts As of now, CPSEs have referred 3,400 acres ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs

Raising and Accelerating MSME Performance (RAMP) Programme

During the Union Budget 2022-23 presentation, the finance minister Smt Nirmala Sitaraman announced that RAMP programme is to be rolled out at an estimated cost of Rs 6,000 crores. The programme is to be implemented for 5 years. About the ..

Month: Current Affairs - February, 2022

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

Global Center of Excellence in Affordable and Clean Energy

The Global Center of Excellence in Affordable and Clean energy was recently launched at IIT Dharwad. The center will enhance the research in affordable and clean energy. About the Center The center will create, incubate technologies, physical infrastructure. Also, it ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • Environment Current Affairs

Economic Survey 2021-22- Highlights

The Economic Survey 2021-22 was tabled in Parliament on January 31, 2022 by Finance minister Nirmala Sitharaman. Who prepared the Economic Survey? Economic Survey 2021-22 was prepared by a team led by principal economic adviser Sanjeev Sanyal. The survey is ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs

Union Budget 2022-23-Highlights

On February 1, 2022, the Union Finance Minister Nirmala Sitaraman presented the Union budget 2022-23. The budget focuses on macro economic growth, energy transition, promoting digital economy, climate action, tech enabled development, crowding in private investment. Here are the highlights ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs

Draft Framework for Higher Education qualification

The University Grants Commission, UGC recently released the draft Framework for Higher Education qualification. It is a part of the National Education Policy 2020. All the higher education institutes in the country are to be brought under this new framework. ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs

Manipur Freight Train connectivity

On January 27, 2022, the first goods train reached the Rani Gaidinliu station of Manipur. This is the first freight train to enter Manipur after 75 years. This shows the rapid transformation happening in the state of Manipur. New Railway ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs

Conversion or Switch operations

The Government of India recently held conversion operation. It is also called Switch operation. Under the operation, the government bought back securities from the Reserve Bank of India. These government securities were maturing in 2022-23, 2023-24 and 2024-25. These securities ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs