Page-89 of Economy & Banking Current Affairs

Taranga Hill-Ambaji-Abu Road Rail line

July 15, 2022

Cabinet Committee on Economic Affairs approved the construction of 116.65-km long Taranga Hill-Ambaji-Abu Road rail line. Taranga Hill-Ambaji-Abu Road Rail Line Taranga Hill-Ambaji-Abu Road Rail Line will be constructed at an estimated cost of Rs 2,798.16 crore. Project is expected ..

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SBICAP- MEA MoU for TDC Fund

July 14, 2022

Recently, a Memorandum of Understanding (MoU) was inked by SBICAP Ventures Limited (SVL) with Ministry of External Affairs (MEA) to set up the “Trilateral Development Cooperation Fund (TDC Fund)”. Key Facts SBICAP Ventures Limited is a subsidiary of State Bank ..

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India’s first indigenously developed lithium-ion cell

July 14, 2022

Old Electric recently uncovered India’s first indigenously developed lithium-ion cell called “NMC 2170”. Highlights Ola electric is an electric vehicle company, led by Bhavish Aggarwal. NMC 2170 was built in-house. Mass production of the cell will start at its upcoming ..

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Strategy to promote NER as Agri Export Hub

July 14, 2022

APEDA (Agricultural and Processed Food Products Development and Authority) recently formulated a Strategy for the “promotion of Export of Agricultural and Horticulture products” from North-Eastern (NE) states of India. Highlights APEDA has launched a platform in Assam, which will help ..

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National Conference of State Agriculture & Horticulture Ministers

July 14, 2022

National Conference of State Agriculture & Horticulture Ministers is being organised by Ministry of Agriculture & Farmers Welfare in Bengaluru on July 14 and July 15, 2022. Key Facts This conference is being organised to commemorate Azadi Ka Amrit Mahotsav. ..

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Retail Inflation and Index of Industrial Production (IIP)- Update

July 13, 2022

The National Statistical Office (NSO) released data on India’s retail inflation and Index of Industrial Production (IIP) on July 12, 2022. NSO data on inflation According to NSO data, in June 2022, the retail inflation was more than the upper ..

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Jute Mark India (JMI) Logo

July 13, 2022

On July 9, 2022, Union government launched “Jute Mark India logo”, which will act as “certification of authenticity” for jute products. Key Points The certification from “jute mark India” will help in strengthening domestic market and exports of jute products ..

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RBI: Mechanism for International trade in rupees (INR)

July 13, 2022

On July 11, 2022 the Reserve Bank of India (RBI) notified new measures to settle down “international trades in rupee”. This move will promote global trade and emphasise on exports from India. About the new mechanism RBI has announced new ..

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Natural Farming Conclave

July 11, 2022

The Natural Farming Conclave was organised on July 10, 2022. Prime Minister Narendra Modi addressed the conclave in virtual mode and noted that ‘Sabka Prayaas’ is the base to boost India’s development. Highlights The Natural Farming Conclave was organised in ..

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Union Bank Metaverse Virtual Lounge

July 11, 2022

Union Bank of India (UBI) recently launched its Metaverse Virtual Lounge, called ‘Uni-verse’, as well as “Open Banking Sandbox environment”. What is Uni-Verse? Uni-verse is a Metaverse Virtual Lounge. It will keep the information and videos related to bank’s product, in ..

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