Page-23 of Business
5th India-CLMV Business Conclave held at Phnom Penh, Cambodia
The 5th India-CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) Business Conclave was held at Phnom Penh, Cambodia. It was jointly organised by Ministry of Commerce & Industry along with Ministry of Commerce of Cambodia. The Confederation of Indian Industry (CII) ..
Month: Current Affairs - May, 2018
NITI Aayog ink SoI with ABB India to provide AI, big data and connectivity solutions
NITI Aayog and ABB India have signed Statement of Intent (SoI) to help India leverage power of advanced technologies, including robotics and artificial intelligence. Under it, two parties will work towards making key sectors of Indian economy ready for digitalised ..
Month: Current Affairs - May, 2018
Strategic Petroleum Reserve: India receives first crude oil cargo from UAE for Mangalore reserve
India received first consignment of 2 million barrels of crude oil from United Arab Emirates (UAE) for its strategic petroleum reserve (SPR) at Mangaluru (on west coast), Karnataka. This first consignment from UAE fill one of two strategic reserve caverns ..
Month: Current Affairs - May, 2018
MCX launches India’s first copper options contracts
India’s largest commodities exchange platform, Multi Commodity Exchange of India Limited (MCX) launched country’s first copper options contracts. The option contract will provide physical market participants additional instrument to hedge their price risk. The copper option contracts were launched with ..
Month: Current Affairs - May, 2018
India is 6th wealthiest country in the world
According to AfrAsia Bank Global Wealth Migration Review, India is the sixth wealthiest country in the world with total wealth of $8,230 billion. US is richest nation globally with total wealth of $62,584 billion. Total wealth refers to private wealth ..
Month: Current Affairs - May, 2018
India drags US to WTO over imposition of duties
India has dragged United States (US) to World Trade Organisation’s (WTO) Dispute Settlement Mechanism over imposition of import duties on steel and aluminium. India stated that decision will of imposition of import duties impact its exports of these products to ..
Month: Current Affairs - May, 2018
National Mineral Development Corporation wins 2018 S&P Global PLATTS Global Metals Award in CSR category in London
The National Mineral Development Corporation (NMDC Ltd) has bagged the S&P Global Platts Global Metals Award 2018 in the corporate social responsibility category at London Grosvenor Square Marriott Hotel in the UK. This is the first time since inception of ..
Commerce Ministry establishes Directorate General of Trade Remedies
Union Ministry of Commerce and Industry issued notification for creation of Directorate General of Trade Remedies (DGTR) in Department of Commerce. In this regard amendments were made in Government of India (Allocation of Business) Rules, 1961. Directorate General of Trade ..
Month: Current Affairs - May, 2018
India's economy is projected to grow 7.6% in 2018-19: UN WESP
According to UN World Economic Situation and Prospects (WESP), India’s economy is projected to grow 7.6% in fiscal year 2018-19, making it fastest growing economy in the world. GDP growth in India is expected 7.5 and 7.6% in fiscal years ..
Month: Current Affairs - May, 2018
RBI tweaks norms for setting up of IFSC Banking Units
The Reserve Bank of India (RBI) has modified norms for setting up International Financial Services Centres (IFSC) Banking Units (IBUs) by banks in IFSCs. In April 2015, RBI had formulated scheme for setting up of IFSC IBUs by banks in ..
Month: Current Affairs - May, 2018