Dr Venkatraman Anantha Nageswaran has been appointed as the chief economic advisor following the resignation of Krishnamurthy Subramanian who has returned to academia.
Every year, the chief economic advisor presents the economic survey which is presented by the finance minister in Parliament just before the Union Budget. It is an annual document of the ministry.
NHEV (National Highway for Electric Vehicle) inaugurated India’s largest electric vehicle (EV) charging station in Gurugram, Haryana. This charging station has been installed and operated by Alektrify.
This smart EV charging station gets 100 charging points for four-wheelers, out of which 72 units are AC slow chargers while 24 units consist of DC fast chargers.
Prior to this, the country’s largest EV charging station was located in Navi Mumbai.
The Advanced Light Helicopter, ALH MK III designed & developed by Hindustan Aeronautical Limited, HAL is inducted into ANC's fleet after two decades.
Equipped with twin powerful shakti engines, modern radar, electro-optical sensors, etc is capable to carry out missions day & night with max 14 soldiers.
Pushp Kumar Joshi has been picked by government headhunter PESB to be the new chairman and managing director of Hindustan Petroleum Corporation Ltd (HPCL), the nation's third-largest oil refining and fuel marketing company.
Joshi, 58, has been on the board of HPCL for almost a decade now.
He will replace Mukesh Kumar Surana, who superannuates on April 30 this year.
Security Printing and Minting Corporation of India Limited (SPMCIL) under its modernization initiatives has set up New Bank Note Printing Lines each at Currency Note Press, Nashik and Bank Note Press, Dewas.
SPMCIL,a Government of India owned Miniratna company,is engaged in the manufacture/production of Currency & Bank Notes, Security Paper,Non-Judicial Stamp Papers etc.
A $150-million India-UAE venture capital fund to fuel the growth of start-ups in India and the UAE was launched from the India Pavilion at EXPO2020 Dubai.
The VC Fund is a first of its kind to be set up in the UAE with a purpose to source, invest, and nurture promising start-ups through an accelerator to fuel the growth of India-UAE start-ups.
Friendship Hospital, designed by architect Kashef Mahboob Chowdhury and his studio URBANA in Bangladesh, is the winner of the RIBA International Prize 2021.
The RIBA International Emerging Architect 2021 is awarded to Hooba Design Group for the Kohan Ceram Central Office Building in Iran.
The RIBA International Prize is awarded every two years,
The Union Housing and Urban Affairs (HUA) Ministry launched the “Swachhata Start-Up Challenge” to provide an impetus to innovative start-ups to come forward and drive catalytic transformation in the sanitation and waste management sector.
The Challenge was launched in partnership with DPIIT and the Agence Française de Développement (AFD).
India exported 68,502.9 tonnes of the fruit last year, out of which 36,906.77 tonnes went to Bangladesh.Out of the 53,524.31 tonnes of fruit exported to Bangladesh, 31,185.84 tonnes were exported to Bangladesh in the current year.
One of the main reasons is the ease of transport and the generally relaxed quality requirements.
NPCI International Payments Limited (NIPL), international payments arm of NPCI has signed an MoU with TerraPay, Netherlands-based global payments infrastructure company to allow Indians with an active UPI ID to receive real-time, international payments into their bank accounts via TerraPay’s secure payments technology.
In December 2021,NIPL tied up Western Union to enable real-time bank account payout.
RBI has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of Rs 1 lakh on withdrawals.
The restrictions came into force from closure of business hours on January 28, 2022 (Friday).
RBI said the Lucknow-based co-operative bank will not, without its prior approval, grant or renew any loans and advances, or make any investment.
Under the new structure approved by RBI, the bad bank—the National Asset Reconstruction Co. Ltd (NARCL)—will acquire and aggregate the bad loan accounts from banks, while India Debt Resolution Co. Ltd (IDRCL) will handle the resolution process.
It is ready to commence operations with 15 cases worth Rs 50,335 crore to be transferred by March 31.
A total of 38 accounts worth ₹82,845 crore have been identified for transfer to the NARCL
India became the 5th largest trading partner of Brazil in 2021. The bilateral trade chain exceeded US$ 11 billion, an increase of 63% compared to 2020, and a significant difference from the level observed since 2015.
For 2020, pharmaceutical products correspond to almost 30% of India’s exports to the country.
In 2019,India was Brazil’s 7th largest import source country &18th export destination.
ANI Technologies Pvt Ltd, parent of ride-hailing company Ola, has rebranded its quick commerce business as Ola Dash and aims to set up 500 so-called dark stores, or warehouses that do not have retail storefronts, in the next six months across 20 Indian cities amid rising competition for quick commerce in the country.
The quick commerce service was launched in 2021 as Ola Store.