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Current Affairs in: हिंदी

Commerce Minister releases report on Industrial Park Rating System

34 mins ago
The Union Commerce Minister, Suresh Prabhu has released a report on Industrial Park Rating System. The Ministry has undertaken the exercise of studying infrastructure across states and in 3354 industrial clusters in order to assess the quality of infrastructure in industrial parks.

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India, Maldives released Joint Statement

8 hrs ago
India and Maldives have released a Joint Statement after talks between Indian Prime Minister Narendra Modi and His Excellency Ibrahim Mohamed Solih, President of the Republic of Maldives. Modi was on a one day visit to the Maldives to participate in the presidential inauguration ceremony.

Union Government, ADB sign loan agreements worth USD 574 million for various projects in India

2 days ago
The ADB and the Union Government signed a USD 105 million loan agreement to continue financing the transmission system upgrades in Himachal Pradesh for increased supply of hydropower. This tranche 3 loan is part of the USD 350 million multi-tranche financing facility (MFF) for Himachal Pradesh Clean Energy Transmission Investment Program.

India to add 14 lakh IT jobs in new-age technologies by 2027: Study

Nov 15, 2018
India will generate over14 lakh new IT jobs by 2027 driven by demand for a skilled workforce in emerging technologies such as cyber security, Internet of things and Big Data, as per a Cisco-led study that released on November 15.

ISPRL, ADNOC sign MoU to explore storage of crude oil at Padur

Nov 13, 2018
India is an important oil market and the MoU underscores the strategic energy partnership between the UAE and India that leverages the UAE and ADNOC’s expertise and oil resources. Under the agreement, ADNOC is expected to store crude in compartments at Padur.

India to resume exporting raw sugar to China from early 2019

Nov 9, 2018
India plans to resume exporting raw sugar to China beginning 2019, almost after a decade. The move is a part of a larger goal of shifting focus to the overseas markets to shed surplus stocks that have muted prices and created financial distress in the Indian sugar mills.

USITC rules against anti-dumping duty on PTFE resin from India, China

Nov 5, 2018
The US International Trade Commission has ruled against putting an anti-dumping duty on the import of a synthetic fluoropolymer from India and China. The fluoropolymer is a key ingredient in non-stick coating for pans and other cookware.

RBI initiates process to set up digital Public Credit Registry

Nov 5, 2018
The Reserve Bank of India has initiated the process to set up a digital Public Credit Registry to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies.

World Bank’s Ease of Doing Business 2019: India jumps 23 spots to 77th rank

Nov 1, 2018
The World Bank has recognized India as one of the top improvers for the year. This is the second consecutive year for which India has been recognized as one of the top improvers. India is the first BRICS and South Asian country to be recognised as top improver in two consecutive years.

Section 7 of the RBI Act, 1934: All you need to know

Nov 1, 2018
The government believes that easing lending rules for the 11 banks under the Prompt Corrective Action (PCA) framework could help reduce pressure on Micro, Small and Medium Enterprises (MSMEs). However, the apex bank differs a bit, contradicting that such a move would undo clean-up efforts against Non-performing assets (NPAs).

Bank of Baroda, Vijaya Bank, Dena Bank to set up internal committees to merge operations

Oct 25, 2018
The Union Finance Ministry on September 17, 2018 announced the proposal to merge three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank. The combined lending entity is expected to create India’s third largest bank with a total business of more than Rs 14.82 lakh crore, after the SBI and ICICI Banks.

IBBI notifies IBBI (Mechanism for Issuing Regulations) Regulations, 2018

Oct 23, 2018
The IBBI will now allow at least 21 days for public to submit their comments. It will consider the public comments received and upload the same on its website along with a general statement of its response on the comments, not later than the date of notification of regulations.

ILC submits 2nd Report on Cross Border Insolvency; recommends adoption of UNCITRAL Model Law

Oct 22, 2018
The ILC recommended the adoption of the UNCITRAL Model Law of Cross Border Insolvency, 1997 as it provides for a comprehensive framework to deal with cross border insolvency issues. The Committee also recommended a few steps to ensure that there is no inconsistency between the domestic insolvency framework and the proposed Cross Border Insolvency Framework.

Government notifies special courts for trial of benami transaction cases

Oct 22, 2018
The Union Government has issued a notification stating that sessions courts in 34 states and union territories, will act as special courts for the trial of offences under the benami transaction law.

RBI approves appointment of Sandeep Bakshi as MD & CEO of ICICI Bank

Oct 17, 2018
Chanda Kochhar had quit the bank on 4 October, six months before her current tenure was about to end. She also resigned from all subsidiaries of the bank, including ICICI Securities where she had sought reappointment as the Chairperson.

World Bank launches first Human Capital Index, Singapore tops list

Oct 12, 2018
The World Bank has launched its first human capital index, which ranks countries based on their success in developing human capital. While Singapore tops the rankings, African countries occupying the bottom spots.

Top Cabinet Approvals: 10 October 2018

Oct 10, 2018
The Union Cabinet has approved the payment of Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2017-18 for all eligible non-gazetted Railway employees. Its financial implication has been estimated to be Rs 2044.31 crore.

IMF predicts India to grow at 7.3 per cent in 2018-19

Oct 9, 2018
If the projections are true, then India will regain the tag of the fastest growing major economies of the world, crossing China with more than 0.7 percentage point in 2018 and an impressive 1.2 percentage point growth lead in 2019.

Government launches Sovereign Gold Bond Scheme 2018 -19: Important Information & FAQs

Oct 9, 2018
The Sovereign Gold Bonds will be issued every month from October 2018 to February 2019 through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges such as the National Stock Exchange and Bombay Stock Exchange.

RBI releases Fourth Bi-monthly Monetary Policy Statement 2018-19; keeps Repo Rate unchanged at 6.5 percent

Oct 6, 2018
The decision of the MPC was consistent with the monetary policy in consonance with the objective of achieving the medium-term target for Consumer Price Index (CPI) inflation of 4 percent within a band of +/- 2 percent. Five of the six panel members voted to leave the rate unchanged.