Page-42 of Business
Cabinet approves auctioning of 680 FM channels under Phase III
The Union cabinet has approved auction of 683 private FM radio frequencies in 236 cities across country under Phase III of FM radio privatization. This decision will usher in new/enhanced experience of FM radio in more cities. The sale of ..
Month: Current Affairs - December, 2017
IMF and WB jointly release Financial System Stability Assessment report
The International Monetary Fund (IMF) and World Bank (WB) has released the Financial System Stability Assessment (FSSA) and Financial Sector Assessment (FSA) respectively. It was second comprehensive Financial Sector Assessment Program (FSAP) of Indian financial system undertaken by the joint ..
Month: Current Affairs - December, 2017
India ranks 100th in Legatum Prosperity Index 2017
India was ranked 100th among 149 countries on the list of prosperous countries released as part of The Legatum Prosperity Index 2017. The index offers an insight into how prosperity is forming and changing across the world. Legatum Prosperity Index ..
Month: Current Affairs - December, 2017
ABD lowers India’s GDP forecast to 6.7% for 2017-18
The Asian Development Bank (ADB) in its Asian Development Outlook Supplement has lowered India’s economic growth forecast for current fiscal i.e. FY 2017-18 by 0.3% to 6.7% from earlier 7%. The reasons cited for this downward revision of growth forecast ..
Month: Current Affairs - December, 2017
Rich-poor divide increasing rapidly: Study
According to World Inequality Report 2018, Income inequality in India has reached historically high levels with share of national income accruing to India’s top 1% earners touching 22% in 2014, while share of top 10% was around 56%. The report ..
Month: Current Affairs - December, 2017
India ranks 109th in mobile internet speed: Ookla
India ranked 109th out of 122 countries in the mobile internet speed and 76th out of 133 countries in broadband space in the November 2017 Speedtest Global Index (SGI). The index was released by popular internet speed testing service provider ..
Month: Current Affairs - December, 2017
India's first Electronic Manufacturing Cluster to be set up in Andhra Pradesh
India’s first Electronic Manufacturing Cluster (EMC) will be coming to Andhra Pradesh. EMC has been designed and developed for providing facilities and amenities for manufacturing mobiles and allied products. The Union Government, through Ministry of Electronics and Information Technology (MeiTY) ..
Month: Current Affairs - December, 2017
Giriraj Singh launches a public procurement portal ‘MSME Sambandh’
Giriraj Singh, the Union Minister of State (Independent Charge) for MSME, has launched a Public Procurement Portal ‘MSME Sambandh’ in New Delhi on December 8, 2017. The purpose of the portal is to monitor the implementation of the Public Procurement ..
Petro: Venezuela launches new virtual currency
Venezuela has launched its own cryptocurrency called Petro to circumvent US-led financial sanctions. It will be backed by the country’s vast natural resource reserves. In this regard, Venezuelan President Nicolas Maduro has approved the creation of BlockchainBase observatory to oversee ..
Month: Current Affairs - December, 2017
Core sector grows 4.7% in October 2017
According to index of eight core industries released by Ministry of Commerce and Industry, Core sector growth has grown 4.7% in October 2017, matching September 2017 growth, which has been revised down from 5.2%. This is the highest core sector growth ..