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Capital Account Convertibility

Capital Account Convertibility: To stay “future-ready” for India’s fast-growing economy, the Reserve Bank of India (RBI) has set aspirational goals: capital account liberalization, internationalization of the Indian rupee (INR), universalizing digital payments, and globalizing India’s financial sector over a multi-year timeframe. Capital Account Convertibility: Balance of Payments Account: It is a statement of all transactions […]

GNSS-Based Electronic Toll Collection (ETC) System

GNSS-Based Electronic Toll Collection (ETC) System: NHAI has invited expressions of interest (EoIs) from around the world for the implementation of GNSS-based (satellite-based) electronic toll collection to provide a seamless and barrier-free tolling experience for National Highways users. GNSS-based Electronic Toll Collection (ETC) system is a barrier-free method of electronic toll collection that uses Global […]

NaturAfrica Initiative

NaturAfrica Initiative: The European Commission (EC) has removed Tanzania from the list of countries eligible for its 18 million Euro conservation grant to be launched in East Africa as part of its NaturAfrica initiative. NaturAfrica initiative is a European Union (EU) program aimed at supporting biodiversity conservation in Africa through a people-centred approach. It identifies […]

Arun-III Hydro Power Project

Arun-III Hydro Power Project: The 900 MW Arun III Hydropower Project in eastern Nepal, constructed with Indian assistance, recently achieved a significant milestone with a tunnel breakthrough. Arun-III Hydro Power Project is a 900 MW run-of-the-river hydropower project being constructed on the Arun River in Sankhuwasabha District of Eastern NEPAL. Arun is a tributary of […]