Co-operative banks must put in place an outsourcing policy : RBI Subject : Economy Context : RBI said that the board and CEO along with the Senior Management shall be ultimately responsible for outsourcing operations and for managing risks inherent in such outsourcing relationships. Concept : The Reserve bank of India on Monday […]
Divergence between Global and Domestic Inflation Subject : Economy Context : The UN Food and Agriculture Organization’s (FAO) world food price index (FPI) touched 127.1 points in May, its highest value since September 2011. But unlike fuel, the increase in global food prices is not getting reflected in what consumers in India are […]
Decline in gold & curerncy assets pull forex reserves off record high Subject : Economy Context : Sliding from the life-time high recorded a week ago, the forex reserves declined by $4.148 billion to reach $603.933 billion for the week ended June 18 on account of a fall in gold and currency assets, […]
NAFED Fortified Rice Bran Oil Subject : Economy Context : Department of Food and Public Distribution E-launched “NAFED Fortified Rice Bran Oil”. Concept : Rice bran oil is the oil extracted from the hard outer brown layer of rice called chaff (rice husk). It is known for its high smoke point of 232 […]
Mukesh Ambani eyes a 75k crore green future for Reliance Subject : Economy Context : Reliance Industries has laid out an ambitious plan worth Rs 75,000 crore to pivot towards green energy as its chief Mukesh Ambani announced that the company will look to cut down its carbon footprint to nil by 2035 […]
Adani’s Australian arm strikes coal at Carmichael mine Subject : Economy / Geography Context : The Adani group struck first coal from its Carmichael, Australia project on Thursday and will start shipping to its customers according to schedule. With this, the project will not only lift the economic prospects of the hitherto barren […]