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Global Logistics Summit 2018 held in New Delhi
The Global Logistics Summit (GLS-2018) was held in New Delhi from April 5-6, 2018 to improve logistics and connectivity which are vital for increasing intra-state and international trade flows. The summit was organised by Department of Commerce, Ministry of Commerce ..
Month: Current Affairs - April, 2018
RBI’s first bimonthly policy FY 2018-19: Policy rates unchanged
The Reserve Bank of India (RBI) in its first bimonthly policy review for financial year 2018-19 has decided to maintain status quo in policy rates by keeping repo rate unchanged at 6.0%. This decision was taken by RBI’s six member ..
Month: Current Affairs - April, 2018
New Delhi hosts Global Logistics Summit (GLS-2018)
The Global Logistics Summit (GLS-2018) was held in New Delhi on April 5-6 to improve logistics and connectivity which are vital for increasing intra-state and international trade flows. It was organised by the Department of Commerce, Ministry of Commerce & ..
Month: Current Affairs - April, 2018
RBI defers adoption of Ind-AS by 1 year for banks
The Reserve Bank of India (RBI) has deferred adoption of Indian Accounting Standards (Ind AS) by commercial banks for year (till April 2019) due to unpreparedness of banks to migrate to the new accounting system. RBI has requested Government to ..
Month: Current Affairs - April, 2018
India becomes second largest manufacturer of crude steel
According to Steel Users Federation of India (SUFI), India has overtaken Japan to become world’s second largest producer of crude steel in February 2018. China is the largest producer of crude steel in the world, accounting for more than 50% ..
Month: Current Affairs - April, 2018
Cabinet approves rightsizing Competition Commission of India
The Union Cabinet chaired gave its approval for rightsizing Competition Commission of India (CCI) from one Chairperson and six Members (totalling seven) to one Chairperson and three Members (totalling four). It will be done by not filling existing two vacancies ..
Month: Current Affairs - April, 2018
India ranked 37th in global startup ecosystem
India has been ranked 37th out of 125 countries in global startup ecosystem in 2017, according to latest report released by global startup ecosystem map Startupblink. The Startupblink is a global startup ecosystem map with tens of thousands of registered ..
Month: Current Affairs - April, 2018
Cabinet approves closure of Burn Standard Company Limited
The Union Cabinet has approved closure of Central Public Sector Enterprise (CPSE) Burn Standard Company Ltd (BSCL) under Ministry of Railways. This decision was taken in view of continuous poor physical and financial performance of company for more than decade ..
Month: Current Affairs - April, 2018
SEBI eases algorithm trade rules in commodity exchanges
The Securities Exchange Board of India (SEBI) has relaxed algorithm trading norms at commodity derivatives exchanges. The market regulator has raised limit of trading using algorithm trading process up to 100 orders per second by user from the existing limit ..
Month: Current Affairs - April, 2018
India’s manufacturing sector growth falls to five-month low in March 2018: PMI
According to monthly survey Nikkei India Manufacturing Purchasing Managers Index (PMI), India’s manufacturing sector activity fell to five-month low in March 2018. It felled from 52.1 in February 2018 to five-month low of 51.0 in March 2018 indicating slowest improvement ..