Category: Factly – Indian Economy

Source: The post is based on the article “Mumbai Trans Harbour Link inauguration today: How the country’s longest sea bridge will cut travel time” published in “The Indian Express” on 11th January 2024. Why in news? Prime Minister Narendra Modi will inaugurate the Atal Setu Nhava Sheva Sea Link or Mumbai Trans Harbour Link.  What… Continue reading Atal Setu: India’s longest sea bridge is set to be inaugurated

Source-This post is based on the article “India Club: what it means for our shipping firms” published in “Live mint” on 10th January 2024. Why in the News? India plans to create its own protection and indemnity (P&I) entity, the India Club, to provide insurance for ships in Indian waters thereby reducing reliance on global… Continue reading India Club: what it means for our shipping firms

Source: This post is based on the article “Shri Sarbananda Sonowal to chair the First Inland Waterways Development Council Meeting to be held tomorrow in Kolkata” published in “PIB” on 7th January 2024. Why in the news? The Inland Waterways Authority of India is set to host the inaugural ‘Inland Waterways Development Council’ meeting on… Continue reading First Inland Waterways Development Council Meeting

Source- This post is based on the article “Planning to invest in green deposits? RBI releases latest guidelines to explain key provisions” published in “Live mint” on 1st January 2024. Why in the News? Recently, the RBI released updated guidelines to clarify key provisions related to the RBI’s Green Deposits Framework. What are Green Deposits?… Continue reading RBI clarifies Framework for acceptance of Green Deposits

Source- This post is based on the article “NHAI signs MoU with NRSC for Development and Reporting of “Green Cover Index” for National Highways of India” published in “PIB” on 3rd January 2024. Why in the News? NHAI has signed a three-year MoU with the National Remote Sensing Centre to develop and report a “Green… Continue reading Green Cover Index – NHAI signs MoU with NRSC

Source– This post is based on the article “Inoperative & unclaimed accounts: How will the RBI’s revised guidelines benefit customers?” published in “The Indian Express” on 3rd January 2024. Why in the News? The Reserve Bank of India (RBI) has revised guidelines for classifying accounts and deposits as inoperative accounts and unclaimed deposits by banks.… Continue reading RBI’s Revised Guidelines for Customers with Inoperative and Unclaimed Accounts

Sources: This post is based on the article “RBI releases Domestic Systemically Important Banks (D-SIBs) of 2021” published in “Live Mint” on 2nd Jan 2024. Why in news? Recently, the Reserve Bank of India (RBI) issued the list of Domestic Systemically Important Banks (D-SIBs). Which banks are on the list of Domestic Systemically Important Banks… Continue reading Domestic Systemically Important Banks (D-SIBs) for 2023