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 […]
Category: Economics Current Affairs
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 […]
Africa’s First Transmission PPP Project.
Africa’s First Transmission PPP Project.: Power Grid Corporation of India Limited (POWERGRID) has signed a Joint Development Agreement with Africa50, the pan-African infrastructure investment platform to continue to develop the Kenya Transmission Project on a public-private partnership (PPP) basis, Africa’s first transmission PPP project. The project entails the development, financing, construction, and operation of the […]
Academic Bank Of Credit
Academic Bank Of Credit: The government has brought the IITs, IIMs and other Institutions of National Importance (INIs) under the Academic Bank of Credit (ABC) framework, which allows students to pursue up to 50 per cent of a course from institutions other than the one with which they are enrolled. Academic Bank of Credit (ABC) […]
National Atlas And Thematic Mapping Organisation (NATMO)
National Atlas And Thematic Mapping Organisation (NATMO): Visually challenged students from all over the country will have the access soon to Braille Maps designed and developed using Digital Embossing Technology, enabling them for ease of use, user friendly, better feeling and durable in terms of quality. The digital embossing technology is a technology which eliminates […]
Least Developed Country (LDC) Status: WTO
Least Developed Country’ (LDC) Status: Concerns have been raised at the World Trade Organization (WTO) over the ‘least developed country’ (LDC) status, with Bangladesh potentially losing this tag after surpassing India in terms of GDP per capita. The WTO recognises LDCs relying on a classification by the UN based on a criteria that is reviewed […]
