Air India Now Formally Handed Over To Tata Group: The Union government has transferred its shares in Air India, along with control and management, to Tata Sons subsidiary, Talace, ending a disinvestment process that started five years ago. Tatas will get Air India’s fleet of 141 planes, along with ownership of iconic Brands like Air […]
Category: Economics Current Affairs
Non-Fungible Tokens (NFTs)
Non-Fungible Tokens: French luxury fashion brand Hermès is suing American digital artist Mason Rothschild who created the MetaBirkins series of NFTs (Non-Fungible Tokens), a rapidly growing part of the cryptoworld. An NFT is a unique, irreplaceable token that can be used to prove ownership of digital assets such as music, artwork, even tweets and memes. […]
National Single Window System (NSWS)
National Single Window System (NSWS): The Minister of Commerce and Industry Shri Piyush Goyal has said simplicity of operations and transparency should be the focus of the National Single Window System (NSWS). The digital platform of NSWS facilitates investors to identify and apply for approvals. It supports information across 32 Central Ministries/ Departments and the […]
Online Storage Management (OSM)
Online Storage Management (OSM): The Department of Food and Public Distribution under Ministry of Consumer Affairs, Food and Public Distribution with its principal agency, FCI, has developed a roadmap to roll out Online Storage Management (OSM) in the country. The OSM envisages putting in place a single source of information for the food grains stored […]
Oil Prices Up: Brent Crude
Brent Crude: Oil prices are at their highest levels since 2014 — Brent crude hit $88.3 per barrel, up 27% since December 1, when it was trading at $69.5. The spike has been driven primarily by fears of supply side disruptions. The attack by Yemen’s Houthis on fuel trucks in Abu Dhabi, in which three […]
Indian Renewable Energy Development Agency Limited (IREDA)
Indian Renewable Energy Development Agency Limited (IREDA): The Cabinet Committee on Economic Affairs approved the equity infusion of Rs.1500 crore in Indian Renewable Energy Development Agency Limited (IREDA). This equity infusion will help in employment generation of approximately 10200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million Tonnes CO2/year. Additional equity infusion of […]
National Technical Textiles Mission
National Technical Textiles Mission: The Ministry of Textiles cleared 20 strategic research projects worth Rs 30 crores in the areas of Specialty fibers and Geotextiles under the Programme ‘National Technical Textiles Mission.’ It was approved in 2020 by the Cabinet Committee on Economic Affairs (CCEA) with the aim to position the country as a global […]
New Rehabilitation and Resettlement Policy
New Rehabilitation & Resettlement Policy: Union Minister of Coal Pralhad Joshi said that NLC India Ltd, a Navratna public sector enterprise under the Ministry of Coal has been playing a pivotal role in ensuring India’s energy security during the last six decades of performance. The Minister was virtually launching the new rehabilitation & resettlement (R& […]
What is The Great Resignation?
Great Resignation: In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic. However, one year later, as the workforce experienced a collective burnout, individuals left their jobs at unprecedented rates, leading some to describe the phenomenon as the Great Resignation. In November 2021, 4.5 million workers left […]
The Investor Education And Protection Fund Authority (IEPFA)
The Investor Education And Protection Fund Authority (IEPFA): The Investor Education and Protection Fund Authority (IEPFA) has signed a MoU with Indira Gandhi National Open University (IGNOU) for promoting Investor Education and Financial literacy among youth by utilizing the tele-lecturing facility of Gyan Darshan Channel. This association with IGNOU/Gyan Darshan channel will help in propagating […]
