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Daily Archives: March 23, 2020

March 23, 2020 -_4.1

RBI to conduct variable rate Repo auctions for Rs 1,00,000 crores

The Reserve Bank of India has decided to conduct the variable rate Repo auctions as a preventive measure to bridge over any frictional liquidity requirements caused by COVID-19. As per the circular, the Reserve Bank of India will conduct fine-tuning variable rate Repo auctions for Rs 1,00,000 crores in two tranches. Click Here To Get …

March 23, 2020 -_5.1

Satyarup Siddhanta becomes 1st Indian to complete volcanic Seven Summit

Indian mountaineer Satyarup Siddhanta entered ‘Limca Book of Records’ (LBR) for his extraordinary achievements, as the first Indian to climb the highest volcanoes of each of the 7 continents. He also holds the record as the youngest mountaineer in the world to climb both 7 peaks and 7 volcanic summits. These 7 continents summits are: …

March 23, 2020 -_6.1

A book entitled ‘Messiah Modi: A Great tale of expectations’ released

A book entitled ‘Messiah Modi: A Great Tale of Expectations’ penned by senior journalist & author Tavleen Singh has been released. Click Here To Get Test Series For RBI Assistant Mains The book was published by HarperCollins India, narrates the first support for Modi the candidate by the author, once an excellent supporter of the govt. It also talks …

March 23, 2020 -_7.1

Fitch Ratings slashes India’s GDP growth rate to 5.1% for FY21

Fitch Ratings has reduced India’s GDP growth rate to 5.1% for the fiscal year 2020-21. Earlier, Fitch Ratings forecasted India’s growth outlook at 5.6% which has been reduced now to 5.1% for the fiscal year 2020-21. Click Here To Get Test Series For RBI Assistant Mains The reduction in India’s growth outlook has been due …

March 23, 2020 -_10.1

ICICI Lombard launches policies to cover Covid-19 patients

ICICI Lombard a private sector non-life insurance company has launched a 1 year-long “COVID-19 Protection Cover”. This policy will pay 100% of the sum insured to the COVID-19 positive individual, irrespective of hospitalization expenses. The insurance policy is in group insurance mode. It will provide value-added benefits such as Health Assistance and CHAT/Virtual assistance, teleconsultation …

March 23, 2020 -_11.1

Production Incentive Scheme for Electronics Manufacturing approved

The Union Cabinet has approved Production Incentive Scheme for Large Scale Electronics Manufacturing. To boost domestic manufacturing and to attract large investments in mobile phone manufacturing, the Government of India has proposed production linked incentives through Production Incentive Scheme. Government will invest Rs 20 lakh crore in this sector to provide employment to 25 lakh …

March 23, 2020 -_12.1

SIDBI to launch a special train ‘Swavalamban express’ for new entrepreneurs

Small Industries Development Bank of India (SIDBI) has decided to launch a special train ‘Swavalamban Express’ on June 05, 2020, to empower budding entrepreneurs under its mission Swavalamban. It will construct an inter-connected small enterprise ecosystem that will include business aspirants, mentors, experts and experience at all. Click Here To Get Test Series For RBI …