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Economy Current Affairs

Government lifts restriction on private banks to engage in government-related business

Earlier, only a few private banks were allowed to engage in the government businesses such as pension payments, taxes and other revenue payment facilities, small saving schemes, etc.
Feb 25, 2021
Government signs $304 million loan agreement with AIIB for Assam Power Transmission Project

The Assam Power Transmission project seeks to address the substantial energy deficit faced by the state on the account of congestion in transmission networks and electricity distribution.
Feb 24, 2021
India inks free trade agreement with Mauritius, provides additional 1,00,000 COVID-19 vaccines

The agreement will enable the Indian investors to use the island nation as a launchpad for the business expansion into Africa helping the prospect of Mauritius emerging as a ‘hub of Africa’.
Feb 23, 2021
India, EU held 11th macroeconomic dialogue, both agree to bilateral cooperation arrangements

The dialogue between India and European Union covered all the dimensions including economic, political. Security, environment, research and innovation, trade and investment.
Feb 20, 2021
Labour Minister Santosh Gangwar launches software for 5 surveys

With the use of Information Technology, 30 to 40% of the time will be saved while conducting these surveys and an IT partner will also be roped in for the purpose.
Feb 18, 2021

Union Cabinet approves PLI scheme for telecom sector

The core component of the Production Linked Incentive Scheme is to offset the import of telecom equipment worth more than Rs. 50,000 crores.
Feb 18, 2021
Ngozi Okonjo- Iweala of Nigeria becomes first female chief of WTO

Okonjo- Iweala has become the first woman and African to hold the position at WTO.
Feb 16, 2021
RBI sets up panel to strengthen, consolidate urban co-operative banks

The panel will suggest effective measures for the faster resolution and rehabilitation of the Urban Co-operative banks.
Feb 16, 2021
Government to infuse Rs. 3,000 crores in general insurance companies this quarter

The capital infusion of Rs. 3,000 crores in the general insurance companies will enable the three public sector insurance companies to improve their solvency and financial position.
Feb 15, 2021
Government includes ‘Specialty Steel’ under the Production Linked Incentive

The inclusion will help in improving the availability of the ‘specialty steel’ in the country by making India Atmanirbhar in meeting the domestic demand.
Feb 12, 2021

NDB to invest USD 100 million in NIIF Fund of Funds

The announced investment supports NIIF’s and NDB’s common goal of investing responsibly in a number of sectors that support the growth and economy of India.
Feb 12, 2021
Karnataka Digital Economy Mission Office inaugurated to increase contribution of digital economy in state

KDEM office has been inaugurated to increase the contribution of the digital economy to the Gross State Domestic Product.
Feb 10, 2021
Government announces to invest Rs. 400 crores in Goa to make it fisheries hub

The Union Government has already sanctioned Rs. 41.7 crores to the state, which will help in reviving the fisheries industry and ensure safe fishing.
Feb 9, 2021
India, EU held first high-level dialogue on trade and investment

The ministers from India and the EU agreed to further deepen the bilateral trade and investment relationship through a series of regular engagements.
Feb 8, 2021
RBI's Monetary Policy Review: Repo rate unchanged at 4%, real GDP growth projected at 10.5 per cent in 2021-22

The MPC voted unanimously to keep the policy repo rate unchanged and decided to continue its accommodative stance as long as necessary, at least in the current financial year and into the next year to revive growth on a durable basis.
Feb 5, 2021

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