Page-50 of Economy & Banking Current Affairs

New market segment for EXPENSIVE power

February 18, 2023

The Central Electricity Regulatory Commission recently approved a proposal to start a separate market for expensive power. These expensive power markets are usually referred to as spot power markets. What is expensive power according to the regulatory body? Electricity derived ..

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Karnataka State Budget 2023-24

February 17, 2023

The State of Karnataka is entering elections in May 2023. The Interim budget for 2023-24 was presented by the State CM Basavaraj Bommai. The interim budget is the budget presented ahead of elections. The Government of Karnataka is to set ..

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India’s first waste-to-hydrogen plant to be set up in Pune

February 17, 2023

The Government of India is to set up the first waste-to-hydrogen plant at a cost of Rs 430 crores in Pune. The plant will be built by a private company Green Billion Limited. The company has signed an agreement with ..

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Textile Advisory Group for Manmade Fibre

February 17, 2023

The Speaker of the house forms the advisory committees. One such committee was recently formed to look into the issues of the textile sector. The committee also studied the issues faced in the manmade fibres. The Minister of Textiles Shri ..

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RBI gives licenses for 32 payment aggregators

February 16, 2023

Payment Aggregator is a third-party payment solution provider. For instance, you use YONO SBI to shop on Amazon. Therefore, SBI is an online payment aggregator. Recently, RBI issued licenses to 32 payment aggregators to serve as online payment aggregators. This ..

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Shinku La Tunnel

February 16, 2023

The Shinku La or Shingo La is a mountain pass located on the border between HP and Ladakh. It is at an altitude of 5,091 metres. In 2016, the Border Road Organization built a road to the pass. However, the ..

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National Tribal Festival – Aadi Mahotsav

February 16, 2023

The Tribal Ministry is conducting the Aadi Mahotsav festival to promote tribal products. TRIFED organizes the festival on behalf of the ministry. The main objective of conducting Aadi Mahotav is to prevent the middlemen from exploiting the tribals. Profits of ..

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EU formally bans gas, diesel car sales from 2035

February 16, 2023

The European Union recently planned to ban the sale of gas and diesel cars. The ban will come into effect in 2035. The decision was made to increase the use of Electric Vehicles. The main objective is to achieve zero ..

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