Page-90 of Economy & Banking Current Affairs

Sikkim- West Bengal Reciprocal Transport Agreement

July 9, 2022

Sikkim and West Bengal recently agreed for a new Reciprocal Transport Agreement (2022), highlighting the problems with previous 2007 agreement. Background 2007 agreement had provided permits for only Gangtok, Pelling & Namchi districts in Sikkim and Kalimpong, Siliguri & Darjeeling districts in ..

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Chhattisgarh Electric vehicle policy

July 8, 2022

On July 7, 2022, Government of Chhattisgarh approved its “Electric Vehicle (EV) Policy 2022”. Highlights EV policy 2022 was approved with the objective of making Chhattisgarh an EV-manufacturing hub, reducing environment degradation and creating employment. Policy was approved during by Chief Minister ..

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Akasa Air gets DGCA’s Air License

July 8, 2022

The Directorate General of Civil Aviation (DGCA) gave the “Air Operator Certificate” to Akasa Air on July 7, 2022. Key Points Akasa is a start-up carrier, that has been promoted by ace stock market investor Rakesh Jhunjhunwala. It will start ..

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Rise in ECB limit under Automatic Route

July 8, 2022

On July 6, 2022, the Reserve Bank of India (RBI) has liberalised the norms further in order to increase foreign exchange inflows. Key Facts The central bank has also increased the borrowing limit for ECB under automatic route by two ..

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Google Start-up School India initiative

July 7, 2022

On July 6, 2022 the Start-up School India initiative was launched by Google. About Google Start-up School India Initiative The Start-up School India Initiative was set into motion, with the aim of collecting relevant information on start-up, and building it ..

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Varanasi Declaration on Higher Education

July 7, 2022

On July 7, 2022 Prime Minister Narendra Modi will inaugurate the “Akhil Bharatiya Shiksha Samaham” in Varanasi. He will also announce development projects worth Rs 1,774 crore on the occasion. Akhil Bharatiya Shiksha Samaham The Akhil Bharatiya Shiksha Samaham will ..

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RBI: New guidelines for payment activities

July 6, 2022

The Reserve Bank of India (RBI) issued new guidelines for payment activities in India. Guidelines were issued under Section 10 (2) & Section 18 of “Payment and Settlement Systems Act of 2007”. What are the new directives? Non-bank payment system ..

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Disinvestment of Neelachal Ispat Nigam Limited

July 6, 2022

On July 4, 2022, strategic disinvestment transaction of Neelachal Ispat Nigam Ltd (NINL) was completed. Highlights The disinvestment transaction was completed by transferring 93.71 per cent stake of joint venture partners to Tata Steel Long Products Limited (TSLPL). Joint Venture partners ..

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Hurun India Future Unicorn Index 2022

July 5, 2022

The Hurun India Future Unicorn Index 2022 was released by Hurun Research Institute recently. As per index, India will have 122 new unicorns in next two to four years. Key Facts As per report, Startups, Zepto, Shiprocket, Turtlemint are at ..

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RPF: Operation “NARCOS”

July 5, 2022

The Railway Protection Force (RPF) recently recovered narcotics products of worth Rs. 7.40 Crore under its “Operation NARCOS”. What is Operation NARCOS? The RPF launched the operation NARCOS in the month of June 2022, for bringing attention to menace of Narcotic Drugs and Psychotropic Substances. ..

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