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Economy Current Affairs

International Intellectual Property Index 2021: India ranks 40 among 53 economies on 9th IP Index

India ranked 40th in 2020, scoring 38.4 out of 100 on a set of 50 intellectual property-related indicators.
Mar 26, 2021
Lok Sabha passes National Bank for Financing Infrastructure and Development Bill 2021

The bill seeks to establish a statutory institution called the National Bank for Financing Infrastructure and Development to support the development of long-term infrastructure financing in India.
Mar 24, 2021
Parliament passes Finance Bill 2021

The bill was first passed by the Lok Sabha then it was presented in the Rajya Sabha, which returned the bill without consideration.
Mar 24, 2021
Union Cabinet approves bill to set up DFI for funding infrastructure projects

The Development Finance Institution is expected to raise long-term funds for the infrastructure development projects in the country.
Mar 17, 2021
US becomes second biggest oil supplier of India

India as the third-biggest oil importer and consumer of the world had repeatedly called on major oil producers to ease the supply curbs in order to aid global economic recovery.
Mar 15, 2021

BRICS contact group holds first meeting on trade and economic issues

The BRICS Contact Group on Economic and Trade Issues held its first meeting under the Chairmanship of India from March 9 to March 11, 2021.
Mar 12, 2021
India flags off first consignment of ‘red rice’ to USA

Red rice is rich in iron and the variety is grown in the Brahmaputra valley of Assam without using any form of chemical fertilizer.
Mar 5, 2021
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

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