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Economy and Finance Current Affairs

  • 13-Oct-2016
  • India now the 12th largest holder of US govt bonds
    i. India’s investments in US government bonds reached 123.7 billion dollars, making it the 12 largest holder of American bonds. 
    ii. While China’s exposure(first) to US bonds stood at 1.22 trillion dollars, and Japan’s exposure(second) stood at 1.15 trillion dollars.

  • i. India and Russia signed a pact to set up 25 integrated infrastructure centers for irradiation treatment of perishable food items.
    ii. At least 7 centers will be set up in Maharashtra.
    iii. Perishable items ranging from flowers to fish will be treated there on a commercial scale.

  • i. An apex society of entities in the Hydrocarbon sector, PetroFed signed a Memorandum of Understanding (MoU) with TERI(The Energy and Resources Institute) to undertake study on “Climate Change Risks: Preparedness for Oil and Gas Sector“.in the presence of Sh. Dharmendra Pradhan, Minister of State (I/C), Petroleum & Natural Gas and Sh. K.D. Tripathi, Secretary in New Delhi.
    ii. The study will also provide a comprehensive analysis of threats posed by Climate change to Oil & Gas sector and shall provide a way forward to tackle the challenges posed by climate change.

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