Subject : Economy Context : The Government of India, the Government of Meghalaya and the World Bank signed a $120 million project to improve and modernise the transport sector of state of Meghalaya Concept : The project will improve about 300 km of strategic road segments and stand-alone bridges by using innovative, climate resilient, and […]
Subject : Economy Context : Minister of Petroleum & Natural Gas and Steel laid the foundation stone for the first 50 LNG fuelling stations, across the golden quadrilateral and major National Highways. Concept : Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down […]
Subject: Economy Context: Reserve Bank of India decision to impose a 30-day moratorium on Lakshmi Vilas Bank Ltd (LVB) and put in place a draft scheme for its amalgamation with DBS Bank India has raised concerns about the safety of the financial system. Concept: The RBI said the financial position of the Chennai-based LVB, which […]