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MoUs worth Rs 4.28 lakh crore inked at UP Investors Summit
The Uttar Pradesh government signed 1,045 Memorandum of Understandings (MoUs) amounting to proposed investments worth Rs 4.28 lakh crore at UP Investors Summit 2018 in Lucknow. The summit was inaugurated by Prime Minister Narendra Modi and gave 4-P mantra: Potential, ..
Month: Current Affairs - February, 2018
RBI constitutes YH Malegam committee to monitor bad loans, rising cases of frauds, audits
Reserve Bank of India (RBI) has constituted an expert committee to look into the entire gamut of issues relating to classification of bad loans, effectiveness of audits and rising incidents of frauds. The committee will be headed by Y H ..
Month: Current Affairs - February, 2018
Milkbasket recognized as Startup of Year 2017
Milkbasket, India’s first and largest micro-delivery platform, has been recognised as ‘Startup of the Year’ 2017 at the 7th Small Business Awards held in New Delhi. The startup of the year award is dedicated to young SMEs, aged 7 years ..
Government extends transmission charge waiver to solar, wind power till March 2022
The Union Power Ministry has extended waiver of inter-state power transmission charges and losses for solar and wind power projects commissioned till 31 March 2022 in order to give boost to clean energy sources. Key Facts The waiver will be ..
Month: Current Affairs - February, 2018
PM Narendra Modi inaugurates World Information Technology Congress 2018
Prime Minister Narendra Modi inaugurated World Information Technology Congress (WITC) 2018 in Hyderabad, Telangana via video conference. The theme of this edition of conference was ‘Future Enterprises.’ It was hosted by Telangana Government, in association with country’s top IT body, ..
Month: Current Affairs - February, 2018
Saudi Arabia allows women to open their own businesses without male constent
Saudi Arabia has allowed women to open their own businesses and benefit from government e-services without having to prove consent from husband or male guardian. This move marks major step away from country’s strict guardianship system that has ruled it ..
Month: Current Affairs - February, 2018
Yes Bank lists $600 million MTN bond on India INX
India’s fifth largest private sector lender Yes Bank has listed $600 million bond issued under its maiden $1 billion MTN programme on Global Securities Market (GSM) of India INX. The bank will use proceeds from this bond to fund the ..
Month: Current Affairs - February, 2018
4th Meeting of Economic Advisory Council to Prime Minister held in New Delhi
The 4th meeting of the Economic Advisory Council to the Prime Minister (EAC-PM) was held in New Delhi under the chairmanship of Dr BibekDebroy, Chairman, EAC-PM & Member, NITI Aayog. During the meeting, EAC-PM discussed the possible modalities of implementing ..