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Govt in talks to encourage FDI for rental housing scheme
The government is all set to encourage the access of the Foreign Direct Investment in the rental housing project of the Union Government. The facilities available for affordable housing will be extended to the rental housing scheme. Details of the ..
Month: Current Affairs - August, 2020
US FDI in India Crosses $40 Billion Mark in 2020: Report
The Foreign Direct Investment (FDI) from the US to India has crossed the $40 billion mark till date this year. It shows the growing confidence of the US in the Indian companies. The figures were published by an India-centric business ..
Month: Current Affairs - July, 2020
Google to invest 10 billion USD in India
On July 13, 2020, PM Modi interacted with the CEO of Google, Mr Sundar Pichai. After the interaction, the CEO announced that Google is to invest 10 billion USD in India in the future. Highlights The investment will mainly focus ..
Month: Current Affairs - July, 2020
Defence Conclave, 2020 in Gujarat
On June 25, 2020, the Raksha Rajya Mantri Shri Shripad Naik inaugurated a two-day Defence Conclave 2020 in Gujarat. Highlights The minister addressed the conference virtually. The conclave was organized by the Confederation of Indian Industry and Society of Indian ..
Month: Current Affairs - June, 2020
The World Investment Report 2020
In the post-pandemic period, a lower but positive economic growth will be seen in India, and India’s large market will continue to attract market-seeking investments. this according to The World Investment Report 2020 by UN Conference on Trade and Development ..
Month: Current Affairs - June, 2020
World Investment Report released by UNCTAD
On June 16, 2020, the United Nations Conference on Trade and Development released its World Investment Report, 2020. According to the report, India is the 9th largest recipient of FDI in 2019. Key Findings: India According to the report, the ..
Month: Current Affairs - June, 2020
Forex Reserves of India are rising
The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of 493 billion USD. What is Foreign Exchange Reserve? The Foreign Exchange Reserves ..
Month: Current Affairs - June, 2020
First 12,000 HP Electric Loco operationalized by Indian Railways
On May 19, 2020, the Indian Railways operationalized the first 12,000 HP electric locomotive. The locomotive was built by the French Alstom Company under the Make in India initiative. Highlights The locomotive was manufactured at the Madhepura Electric Locomotive in ..
Month: Current Affairs - May, 2020
GoI amends FDI policy
On April 18, 2020, the Government of India amended the Foreign Direct Investment (FDI) policy. This has been done to prevent opportunistic acquisitions of Indian companies due to COVID-19 economic crisis. The amendments has been made to the Consolidated FDI ..
Month: Current Affairs - April, 2020
Land Acquired from Tamil Nadu and Uttar Pradesh Defence Corridors to increase Defence Production
On March 23, 2020, the Defence Ministry announced in the Parliament that it has acquired land from the State Governments of Uttar Pradesh and Tamil Nadu. As Land is state subject, it is important for the centre to acquire land ..