Home Current Affairs Economy and Finance Current Affairs

Economy and Finance Current Affairs

  • 12-Nov-2018
  • Tamil Nadu Gets SEBI Approval To Launch State Shelter Fund

    Tamil Nadu has received the nod from the market regulator Securities and Exchange Board of India (SEBI) to launch its State Shelter Fund for attracting investments in the affordable housing segment, Deputy Chief Minister of the State O Panneerselvam said here Saturday.

    Panneerselvam, participating in an event, said, the Tamil Nadu government established the Tamil Nadu Infrastructure Fund which is the category-I Alternative Investment Fund.

  • 10-Nov-2018
  • Meghalaya Announces Rs 378-cr Investment in Aqua Mission 2.0

    The Meghalaya government on Tuesday announced Rs 378 crore investment in the second phase of the state's flagship aquaculture mission aimed at cutting down fish imports into the hill state.

    The mission - Meghalaya State Aqua Mission 2.0 - was announced by Fisheries Minister Comingone Ymbon at the 5th state aqua festival held here at the U Soso Tham auditorium premises which was also attended by hundreds of fish farmers from across the state.

  • India's Unemployment Rate Jumps to 2-Year High of 6.9%: Report 

    Unemployment rate in the country rose to 6.9 percent in October -- the highest in two years -- according to a report by Centre for Monitoring Indian Economy (CMIE).

    The estimated number of people employed during October 2018 was 397 million. This was 2.4 percent lower than the rate in October 2017. Around 407 million individuals were estimated to be employed during the same period last year.

     

  • CCEA approves disinvestment of 100% Govt stake in Dredging Corporation of India

    The Union Cabinet on Thursday approved the strategic sale of government stake in Dredging Corporation of India to a consortium of four ports.

    The government currently holds 73.44 per cent in Dredging Corporation of India Ltd (DCIL).

    "CCEA has given in principle approval for strategic disinvestment of 100 per cent Government of India's share in DCIL to consortium of 4 ports, namely Vishakhapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust," an official tweet said.

  • 03-Nov-2018
  • 1st WHO Global Conference on Air Pollution and Health Held in Geneva

    The First WHO Global Conference on Air Pollution and Health took place at WHO headquarters in Geneva, Switzerland.
    The conference was organized in collaboration with UN Environment, the World Meteorological Organization (WMO), the Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC), the UN Economic Commission for Europe (UNECE), the World Bank and the Secretariat of the UN Framework Convention on Climate Change (UNFCCC).

  • 01-Nov-2018
  • NIIF Acquires IDFC Infrastructure Finance 

    The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI.
    IDFs are investment vehicles for channelling investment into India's infrastructure sector.

  • 6th Tranche Of Electoral Bonds Sale Kicked Off 

    The sixth tranche of electoral bonds sale will take place from November 1-10, the finance ministry said Saturday.

    Electoral bonds are being pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.

    "State Bank of India (SBINSE 1.85 %), in the 6th phase of sale, has been authorised to issue and encash electoral bonds through its 29 authorised branches with effect from November 1 to 10," the ministry said in a statement.

  • 22-Oct-2018
  • Climate Fund Approves $1billion For Projects In Poor Countries 

    A UN-backed fund has approved more than 1 billion dollars for 19 new projects to help developing countries tackle climate change.
    Officials overseeing the South Korea-based Green Climate Fund stated the funding approved at the meeting in Manama includes projects linked to geothermal energy in Indonesia, greener cities in Europe and West Asia, and protection for coastal communities in India.

  • CBDT Releases Direct Tax Statistics: Key Highlights 

    Continuing the practice of placing key statistics relating to direct tax collections and administration in public domain, the Central Board of Direct Taxes (CBDT) has further released time-series data as updated up to FY 2017-18 and income-distribution data for AY 2016-17 and AY 2017-18. 

  • IFC Launches $1 Billion Masala Bond Programme In The US and Europe 

    International Finance CorporationNSE 0.00 %, a member of the World Bank Group, has launched a $1-billion masala bond programme to fund its investment activities in India.

    The announcement comes in the backdrop of the Indian government looking to boost capital flows into the country. The government has taken a series of steps to support masala bonds —rupee-denominated borrowings issued overseas — including exempting these from withholding tax.

Subscribe Current Affairs
Current Affairs By Date
Current Affairs By Region