Economy - The Purbottar

16 Nov

IFSCA executes MoU with the Reserve Bank of India

Business Correspondent0 CommentsEconomy

The International money Services Centres Authority (IFSCA) and also the bank of India (RBI) have entered into a memo of Understanding (MoU) for collaboration within the field of regulation and superintendence of regulated entities in their several jurisdictions. The MoU facilitates technical cooperation and exchange of data. The IFSCA, being a unified regulator accountable for development and regulation of economic product, money services and money establishments within the International money Services Centre(s) (IFSC) established in India, is, inter-alia, entrusted with the responsibility of regulation and superintendence of licensed banks and non-banking money establishments in operation in such IFSCs. The run…

14 Nov

US treasury department removes India from its Currency Monitoring List

Business Correspondent0 CommentsEconomy

The us conjointly took Asian nation off its Currency watching List, together with Italy, Mexico, Thailand, and Vietnam. 78th North American nation Secretary of the Treasury, Janet Yellen visited Indian capital and control talks with minister of finance Nirmala Sitharaman. On her initial visit to Asian nation, us Treasury Secretary Janet Yellen quoted President Joe Biden, oral communication that Asian nation is Associate in Nursing “indispensable partner to the United States”. The us conjointly took Asian nation off its Currency watching List, together with Italy, Mexico, Thailand, and Vietnam. Asian nation had been on the watching List for the last…

12 Nov

NIIFL Signed An Agreement with JBIC

Business Correspondent0 CommentsEconomy

NIIFL has signed a note of Understanding (MOU) with Japan Bank for International Cooperation (JBIC) to push and enhance Japanese investments into Asian country. National Investment and Infrastructure Fund (NIIFL) has signed a note of Understanding (MOU) with Japan Bank for International Cooperation (JBIC) to push and enhance Japanese investments into Asian country. The MoU outlines a partnership framework between NIIFL and JBIC that's considering the establishment of a bilateral India-Japan Fund (IJF). JBIC and conjointly the govt of Asian country will invest at intervals the India-Japan Fund, which might produce equity investments in environmental preservation and low carbon emission…

11 Nov

‘State of Food and Agriculture Report 2022’

Business Correspondent0 CommentsEconomy

The State of Food and Agriculture (SOFA) is one among the annual flagship report free by the international organization Food and Agriculture Organization (FAO).The State of Food and Agriculture (SOFA) is one among the annual flagship report free by the international organization Food and Agriculture Organization (FAO). It provides comprehensive insights into the assorted problems associated with the sphere of food and agriculture supported science-based assessment.The report addresses the considerations relating to the state crisis caused by labour-saving technologies. It offers many recommendations during this regard. Avoiding subsidization of automation in regions wherever rural labor is plentiful and wages square…

09 Nov

‘BEE, SIDBI to Jointly Promote Energy Efficiency Financing for MSMEs’

Business Correspondent0 CommentsEconomy

The government body for energy potency Bureau of Energy potency (BEE) below the Ministry of Power has signed a note of understanding (MoU) with the tiny Industries Development Bank of Bharat (SIDBI) for MSMEs. The MoU can aim to push energy potency finance for MSMEs and explore the web of things (IoT)-based solutions, greening MSMEs, capability building of assorted stakeholders, etc., BEE said. To encourage MSME units to undertake energy saving investments in plant and machinery to cut back energy consumption, enhance energy potency, scale back carbonic acid gas emissions, and improve the profit of the units within the long-term.

05 Nov

‘National Natural Farming Mission Meeting’

editor0 CommentsEconomy

Union Agriculture Minister Narendra Singh Tomar chaired the primary National Natural Farming Mission meeting at Krishi Bhawan. Shri Narendra Singh Tomar launched the NMNF portal. Natural farming in Asian country would be taken forward with the cooperation of everybody. Union Agriculture Minister asked the officers to coordinate with the regime and central departments and modify market linkage in order that farmers will simply sell their product. The meeting was attended by Union Rural Development Minister Shri Giriraj Singh, Jal Sakti Minister Shri Gajendra Singh Shekhawat, state Agriculture Minister Hindu deity Pratap Shahi, Union Agriculture Secretary Shri Manoj Ahuja, and Senior…

04 Nov

‘1st ASEAN-India Start-up Festival 2022’

editor0 CommentsEconomy

The 1st ASEAN-India Start-up pageant (AISF) was inaugurated by Dr. Srivari Chandrashekhar, Secretary, Department of Science and Technology on twenty seventh Gregorian calendar month 2022 in Bogor, Indonesia. The inaugural event was felicitated by man. Satvinder Singh, Deputy administrator for Association of Southeast Asian Nations Economic Community, and Ambassador, Mr. Jayant Khobragde, Indian Mission to Association of Southeast Asian Nations (IMA). Deputy administrator for Association of Southeast Asian Nations Economic Community, Satvinder Singh highlighted that Association of Southeast Asian Nations contains a vivacious and promising start-up scheme. In 2021, twenty five new unicorns in Association of Southeast Asian Nations were…

03 Nov

‘Digital Rupee, RBI launches Its First Pilot Project’

editor0 CommentsEconomy

The Federal Reserve Bank of Asian nation (RBI) can begin pilot launches of the digital rupee from All Saints' Day. it's known 9 banks for participation within the pilot launch. they're the bank of Asian nation, Bank of Baroda, Union Bank of Asian nation, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC initial Bank, and HSBC. A financial organization Digital Currency or Digital Rupee could be a digital type of currency notes issued by a financial organization. Digital currency or rupee is associate degree electronic type of cash, that may be utilized in contactless transactions. Presenting Union Budget…

01 Nov

The “One Nation, One Fertiliser”

editor0 CommentsEconomy

The “One Nation, One Fertiliser” theme or Pradhan Mantri Bhartiya Jan Urvarak Pariyojana was launched by the Central Government. This is the most important plant food initiative enforced by the Indian Government until date. below the theme, all kinds of fertilizers, whether or not carbamide, DAP or NPK, are going to be oversubscribed below the only brand “Bharat”. The theme seeks to standardize plant food brands across Bharat notwithstanding the corporate that manufactures them. It aims to get rid of all confusions associated with the standard of fertilizers and their accessibility. Earlier, retailers were pushing the sale of sure brands…

25 Aug

Rupee falls by 2 paise and closes at 79.85 against US dollar

editor0 CommentsEconomy

The rupee closed down 2 paise at 79.81 against the US dollar on Wednesday. At 79.84 per dollar, the domestic currency opened. It hovered in the range of 79.68 to 79.87 during the session in the interbank foreign exchange market. Eventually, the domestic unit settled at 79.85. Restricted movement of rupee due to rising crude oil prices. The greenback declined due to disappointing economic data from the US, said Anuj Chowdhury - Sharekhan Research Analyst at BNP Paribas. He added that safe-haven appeals in weak global markets and US Treasury yields supported the dollar. "Market participants may also be cautious…