India ranked 62nd on WEF’s Inclusive Development Index 2018

India was ranked at 62nd place among emerging economies on Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF). Norway again remained world’s most inclusive advanced economy, while Lithuania again topped list of emerging economies. India’s position is much ..

Month: Current Affairs - January, 2018

ONGC to acquire Government’s entire 51.11% stake in HPCL

The Union Government and state-run oil explorer ONGC clinched deal for acquisition of government’s 51.11% stake in Hindustan Petroleum Corporation (HPCL) for a consideration of Rs. 36,915 crore. The deal will be closed by end of January 2018. Earlier empowered ..

Month: Current Affairs - January, 2018

Mercedes-Benz first to launch locally-made BS-VI-compliant car

German auto major Mercedes-Benz has unveiled India’s first BS-VI-compliant S Class car produced at its Pune facility. The BS-VI-compliant S Class car was unveiled more than two years ahead of Government’s deadline of April 2020 for switching to new BS-VI ..

Month: Current Affairs - January, 2018

Mauritius was largest source of FDI in India in 2016-2017: RBI

According to Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17 released by Reserve Bank of India (RBI), Mauritius was largest source of foreign investment (FDI) in India. The census yields carry comprehensive information on market value ..

Month: Current Affairs - January, 2018

Maharashtra is India’s first state to launch Public Cloud Policy to speed up e-governance

Maharashtra has become the India’s first state to launch Public Cloud Policy, which will allow all government departments to access public cloud. . The step will create business opportunities worth $2 billion while helping the state government departments to shift ..

Vijay Kumar appointed as MD & CEO of National Commodity & Derivatives Exchange Limited

Vijay Kumar has been appointed the new Managing Director (MD) and Chief Executive Officer (CEO) of National Commodity & Derivatives Exchange Limited (NCDEX) for three years with effective from January 18, 2018. He succeeded Samir Shah. He has over 25 ..

Department of Commerce and CII ink MoU for development of Logistics sector

The Department of Commerce has signed MoU with Confederation of Indian Industry (CII) for setting-up institutional mechanism for the development of Logistics sector in the country. Both will work together for taking logistics sector to global levels both in terms ..

Month: Current Affairs - January, 2018

PM Modi dedicates iCREATE facility to nation

Prime Minister Modi and Israeli Prime Minister Netanyahu have dedicated the iCREATE facility to the nation, located on the outskirts of Ahmedabad, Gujarat. iCreate is an independent Centre created with the objective of facilitating entrepreneurship through a blend of creativity, ..