Angul-Balram rail link

The 14 km-long Angul-Balram rail link was inaugurated recently. About Angul-Balram rail link The Angul-Balram rail link was constructed by the Mahanadi Coal Railway Limited (MCRL). It was constructed at a total cost of Rs.300 crore. This rail link is ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs • Places in News Current Affairs

Proposal to Shift from “Minimum” to “Living” Wages

The Union Labour Ministry is currently mulling to shift from the “minimum wages” to “living wages” in a bid to bring more people from poverty in the country. What is a living wage? The term “living wage” is the theoretical ..

Month: Current Affairs - December, 2022

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

Latest Updates of IMF’s World Economic Outlook

The International Monetary Fund (IMF), in its World Economic Outlook, slashed its FY23 growth forecast for India from its July projection of 7.4 percent to 6.8 percent. What are the key takeaways of the report? Indian Economy IMF has cut ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

CEBR Forecast on Indian Economy

In its annual ‘World Economic League Table’, the London-based Centre for Economics and Business Research (CEBR) predicted that India will become the third economic superpower by 2037. About the World Economic League Table The “World Economic League Table” is an ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

RBI’s Revised Bank Locker Rules

The Reserve Bank of India’s revised bank locker rules will come to effect from January 1, 2023. What are the revised bank locker rules? The revised bank locker rules were released by the RBI on August 2021. All the existing ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

FIT Rank for MSMEs

TransUnion CIBIL and Online PSB Loans Limited (OPL), under the mentorship of SIDBI, collaborated to launch the FIT Rank for MSMEs. What is FIT Rank? FIT Rank is a comprehensive ranking model that leverages the information obtained from GST, bank ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

SEBI: New Benchmarking Norms for Portfolio Managers

The Securities and Exchange Board of India (SEBI) has released new guidelines titled “Performance Benchmarking and Reporting of Performance by Portfolio Managers”. The guidelines, which will come to effect from April 1 next year, provide certain performance reporting and benchmarking ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

The Wheebox India Skills Report 2023

The Wheebox India Skills Report 2023, which was released recently, found an increase in the employability of Indians over the past one year. About Wheebox India Skills Report 2023 The Wheebox India Skills Report 2023 was compiled by trade bodies, ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs

China’s WTO Dispute over US Chip Sanctions

China has recently raised a dispute with the World Trade Organisation (WTO) over the US chip sanctions. About the US Chip Sanctions On October, the United States issued new export controls preventing the sales and services by the US businesses ..

Month: Current Affairs - December, 2022

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

Surety Bonds Insurance Product for Infrastructure Sector

The Union Ministry of Road Transport and Highways is set to launch India’s first-ever surety bonds insurance product for highway contractors on December 19 this year. This comes two years after the union ministry directed the Insurance Regulatory and Developmental ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs