Current Affairs - October, 2020

BRICS Bank approved funds for Delhi-Meerut rapid rail and Mumbai metro

The New Development Bank, which is also known as BRICS Bank, has approved infrastructure projects worth 741 million dollars in India. A loan of USD 500 million has been approved for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project and a loan of USD 241 million has been approved for Mumbai Metro Rail II (Line Read More…

INOX Oxygen Plant inaugurated in Uttar Pradesh

Uttar Pradesh Chief Minister Yogi Adityanath inaugurated on October 8, 2020 a new cryogenic oxygen plant that has been commissioned by INOX Air Products (INOX AP). This is  the biggest plant in the state and will help to supply oxygens in hospitals. Key Facts This is the ultra-high purity air separation plant. It has a Read More…

Why Finance companies can not be set up with FDI from Mauritius now?

The Reserve Bank of India (RBI) has said to the industry body for venture capital and private equity funds that finance companies can not be set up with foreign direct investment (FDI) from Mauritius. It has also banned FDI from such similar jurisdictions that do not comply with the benchmarks of the Financial Action Task Read More…

India’s first advanced manufacturing hub (AMHUB) to be set up in Tamil Nadu.

The Advanced Manufacturing Hub (AMHUB) which is first of its kind in the country will be jointly set up by World Economic Forum and Guidance in Tamil Nadu. What is AMHUB? AMHUB is one among the nineteen platforms that has been designed by the World Economic Forum (WEF). Tamil Nadu’s nodal investment promotion agency called Read More…

Air Force Day: IAF celebrated its 88th Anniversary.

The Indian Air Force (IAF) is celebrating its 88th anniversary on October 8, 2020. The IAF was established on October 8, 1932. Key Facts The hallmark of the event was air display by various aircraft. The air display started with the sky divers of the AKASH GANGA. The Team was dropping out of an AN-32 Read More…