The second edition of 'World Food India-2023’ will be organized by the Ministry of Food Processing Industries in New Delhi from 3-5 November, 2023. The National Mission for Clean Ganga (NMCG) held the 47th meeting of…
22 March 2023
Current Context: Banks have been increasing deposit rates after the rate hikes by the RBI and a strong credit growth after the pandemic. The competition among banks to expand their deposits led the banks to increase fix…
Current Context: Asset Care and Reconstruction Enterprise (ACRE) gave an offer to the State Bank of India to buy the loans given to Visa steel. ACRE, an Asset reconstruction company, has given an offer worth of ₹243 cror…
Current context: Sri Lanka as received the first tranche of an IMF bailout programme. Sri Lanka, a crisis-ridden island nation received a $330 million tranche which is the first part of the total of$3 billion. The IMF wi…
Current context: India set a target of installing 175 GW of renewable energy capacity by the year 2022.This included projects like 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power…
Current context: India holds the presidency of the G20, which comprises 19 countries across continents including the United States, Argentina, Brazil, China, France and Germany. These countries will take part in the thr…
21 March 2023
India’s first Bharat Gaurav train will be in operation from Secunderabad railway station. Foxconn has won an order to make Air Pods for Apple. Foxconn is Taiwanese based company. The largest hockey stadium in the world…
Current Context: The Non-performing assets (NPA) has decreased to 5.53% in December 2022 from 14.6% in March 2018. Market cap of PSB’s increased from RS.4.52 lakh crore in March 2018 to Rs. 10.63 lakh crores in December …
Current Context: Retail inflation for agriculture and rural in 2023 increased to 6.94% and 6.87% respectively in February this year. CPI for agriculture and CPI for rural farmers were calculated as 5.59% and 5.94%. The a…
Current Context: HDFC AMC gains 5% after SBI acquires 2% stake on HDFC. These shares were sold for Rs.396.83 crores. Shares of HDFC surged by 5% after the purchase by SBI. SBI MF bought 4.73 million shares worth 2.2% in …
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Current Context: AT-1 bonds are securities which have loss-absorbing features and can be written down in any circumstances. AT-1 written off by Yes bank in March 2020, after RBI had done reconstruction of the bank with e…
Current Context: This is the second commercial launch of LVM-3 . The launched is scheduled on mArch 26th from Sriharikota in Andhra Pradesh. The first launch was carried out last year in October. This marked India’s comm…
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