Current Affairs

Indian Economy:

Atmanirbhar Bharat Abhiyan

  • While addressing the nation on 12th May, , 2020, PM Narendra Modi announced an “Atmanirbhar Bharat Abhiyan” worth Rs 20 lakh crores ($265 billion) to tide over the economic downturn induced by the coronavirus crisis and emphasised on the need for India to become “self-reliant” as the pandemic sweeps across the world, paralysing economies in its wake.

Amendments To FDI Policy

  • On 18th April, 2020, the government amended the extant Foreign Direct Investment (FDI) policy, mandating neighbouring countries to require government approval, effectively closing the “automatic route” used by firms and individuals to set up business in the country.

Helicopter Money

  • With no quick escape in sight for Covid-ravaged economies, authorities the world over are going back to the drawing board to find strategies to deal with this nightmare.

Currency Swap Line

  • In the wake of the coronavirus pandemic, India is working with the United States to secure a dollar swap line that would help in better management of its external account and provide extra cushion in the event of an abrupt outflow of funds.

Regulation Of Payment Aggregators And Payment Gateways

  • On 17th March 2020, the Reserve Bank of India (RBI) released guidelines for the activities payment aggregators (PAs) and provides baseline technology-related recommendations to payment gateways (PGs) in the country.

ADB Lists Masala Bonds On India INX

On 25th February, 2022, Asian Development Bank (ADB) listed its 10-year Masala Bonds worth Rs 850 crore on the Global Securities Market (GSM) of the India International Exchange (INX) at GIFT City, Gujarat.


India-Norway Task Force On Blue Economy

On 19thFebruary, 2020, India along with Norway opened the India-Norway Task Force on Blue Economy, in order to promote Sustainable Development, of both the countries.


Abolition Of Dividend Distribution Tax

In order to increase the attractiveness of the Indian Equity Market, to provide relief to large class of investors and to make India an attractive destination for investment, the Union Budget proposed to remove the Dividend Distribution Tax (DDT).


Databank Of Independent Director Launched

On 2nd December, 2019, the Ministry of Corporate Affairs(MCA) launched the Independent Director’s Databank in accordance with the provisions of the Companies Act, 2013.


High Level Advisory Group (HLAG) Report

Recently,Ministry of Commerce and Industry released the report of the High Level Advisory Group (HLAG).


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