Foreign Direct Investment (FDI) Current Affairs - 2020

Atma Nirbhar Bharat Abhiyan: DRDO identifies 108 systems and subsystems to design, develop and manufacture

The Defence Research and Development Organization has taken several initiatives to strengthen indigenous defence production under Atma Nirbhar Bharat Abhiyan. Recently, DRDO has included 108 systems and subsystems to achieve Atma Nirbhar Bharat Abhiyan. Highlights Under the new initiative, DRDO will provide support to design, develop and test the identified 108 systems. By this, it Read More…

DPIIT suggests to freeze changes in Defence Procurement Policy

On July 20, 2020, the Department of Promotion of Industry and Internal Trade has suggested to freeze changes in Defence Procurement Policy for 4 to 5 years. Background The Defence Procurement Policy has gone through six revisions between 2015 and 2017. This underlines lack of long-term stability in regulations. Lack of long-term policy The Defence Read More…

India has become the Second Largest Source of FDI for the United Kingdom

The statistics for the number of Foreign Direct Investment (FDI) projects in the Financial Year 2019-20 in the United Kingdom was released on 10th July 2020 by the United Kingdom Government’s Department for International Trade (DIT). As per the Figures provided by DIT, the second-largest source of FDI in the United Kingdom is now from Read More…

Forex Reserves of India are rising

The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of 493 billion USD. What is Foreign Exchange Reserve? The Foreign Exchange Reserves are the reserve assets that are held by the central bank in foreign currencies. It Read More…

First 12,000 HP Electric Loco operationalized by Indian Railways

On May 19, 2020, the Indian Railways operationalized the first 12,000 HP electric locomotive. The locomotive was built by the French Alstom Company under the Make in India initiative. Highlights The locomotive was manufactured at the Madhepura Electric Locomotive in Bihar. It is capable of hauling 6000 tonnes at a top speed of 120 km/hr. Read More…