The Cabinet Committee on Economic Affairs (CCEA) has approved higher ethanol price derived from different sugarcane based raw materials under the EBP Programme for the forthcoming sugar season 2022-23 during ESY 2022-23 from 1st December 2022 to 31st October, 2023. Read More …
Category: Economy
RBI launches pilot project of Digital Rupee in wholesale segment
The Central Bank Digital Currency (CBDC) or Digital Rupee (e₹-E-Rupee) commenced on November 1 in the wholesale segment on pilot basis. Key points The Reserve Bank of India (RBI) said the Digital Rupee will be used for settlement of secondary Read More …
Pusa Narendra Kalanamak 1638
The Indian Agriculture Research Institute (IARI) has successfully developed two dwarf varieties of Kalanamak rice, namely; Pusa Narendra Kalanamak 1638 and Pusa Narendra Kalanamak 1652. The IARI says the new name is in recognition of its association with the Acharya Read More …
Delhi IGI airport is world’s 10th busiest
According to the Official Airline Guide (OAG), the Indira Gandhi International Airport in Delhi is the 10th busiest airport in the world in terms of seat capacity and frequency of domestic and international flights as of October 2022. Key points Read More …
World Energy Outlook 2022 report
The World Energy Outlook 2022 report was published by the International Energy Agency (IEA) on 27 October. Key highlights of report Energy demand in India is expected to be the highest globally, growing at more than 3 per cent on Read More …
Major growth of Textiles will come from Man-Made Fibre industry: Shri Goyal
Major growth of textiles will come from Man-Made Fibre industry, said Shri Piyush Goyal, Union Minister of Textiles while interacting with industry representatives on October 27. Key points The industry representatives included producers of PTA, MEG, Fibre, Yarn, Fabric and Read More …
Pakistan removed from FATF grey list on terror financing
The Paris-based Financial Action Task Force (FATF) on October 21 removed Pakistan from a list of countries under “increased monitoring”. Nicaragua has also been removed from this monitoring. Key points THE FATF “increased monitoring’ is also known as the “grey Read More …
CCI imposes a monetary penalty of Rs. 1337.76 crore on Google
The Competition Commission of India (Commission) has imposed a penalty of Rs. 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android Mobile device ecosystem, apart from issuing cease and desist order. Key points The Read More …
PM & UN Secretary-General Launch Mission LiFE at Statue of Unity, Gujarat
The Prime Minister, Shri Narendra Modi and UN Secretary-General, Mr Antonio Guterres launched Mission LiFE (Lifestyle for Environment) at the Statue of Unity, Ekta Nagar, Kevadia, Gujarat on October 20, 2022. About Mission LiFE The concept of LiFE was introduced Read More …
Japan files GI tag application for Nihonshu beverage
For the the first time, a product from Japan has filed for a tag at the Geographical Indication Registry in Chennai. Key points In Japan, nihonshu is regarded as a special and valuable beverage made from fermenting rice. People traditionally Read More …
Cabinet approves Minimum Support Prices for all Rabi Crops for Marketing Season 2023-24
The Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for Marketing Season 2023-24 with Rs 110 per quintal (5.46 per cent) increase for the wheat crop. Key points Read More …
‘Bigtechs pose systemic risks to financial stability,’ says RBI paper
The paper titled “‘Bigtechs’ in the Financial Domain: Balancing Competition and Stability,” was published in the monthly bulletin of the RBI. Key highlights of the report The complex governance structure of ‘bigtech’ firms in the financial sector limits the scope Read More …
Prime Minister Releases PM-KISAN Funds worth Rs 16,000 crore
The Prime Minister released the 12th instalment amount of Rs. 16,000 crores under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit Transfer on October 17. Under the scheme, eligible farmer families are provided benefits of Rs. 6000 per Read More …
PM launched Pradhan Mantri Bhartiya Jan Urvarak Pariyojana – One Nation One Fertiliser
The Prime Minister, Shri Narendra Modi inaugurated PM Kisan Samman Sammelan 2022 at Indian Agricultural Research Institute in New Delhi on October 17. During this event, the Prime Minister also launched Pradhan Mantri Bhartiya Jan Urvarak Pariyojana – One Nation Read More …
Global Multidimensional Poverty Index (MPI) 2022
The Global Multidimensional Poverty Index (MPI) was released on October 17 by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI). What is Multidimensional Poverty? The Multidimensional Poverty Index (MPI) measures acute multidimensional poverty Read More …