Reliance Jio launches 5G in Andhra Pradesh with Rs 6,500-cr investment: In Andhra Pradesh, Reliance Jio announced the availability of its True 5G services. In the districts of Tirumala, Visakhapatnam, Vijayawada, and Guntur, 5G services have begun to be offered. Apart from their existing ...

India govt invest over Rs 5,000 cr more in SWAMIH Investment Fund : The government of India has invested about ₹5,000 crore in the SWAMIH Investment Fund I and marking its final close at ₹15,530 crore. The last-mile financing platform Special Window for Completion of Construction of Affordable and ...

REC, PFC sign with STPL to finance Buxar Thermal Power Plant : REC Limited and Power Finance Corporation Limited (PFC) have signed an MoU with SJVN Thermal Private Ltd (STPL). October 2022 Current Affairs QuizAim: To finance the 2x660 MW coal based Buxar Thermal Power Plant ...

IPPB, RBIH join hands for financial products and services : India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) have joined hands to enhance the reach of financial solutions to large sections of society across India. October 2022 Current Affairs QuizUnder the arrangement, ...

Finance ministry releases Rs 1,764 crore grant to four states : Ministry of Finance released an amount of one thousand 764 crore to four States for providing grants to Million Plus Urban Cities. Of the total amount, 136 crore rupees was released to Andhra Pradesh, 109 crore rupees to Chhattisgarh, ...

IDBI Bank partners Vayana Network on supply chain finance : IDBI Bank has signed an MoU with Vayana Network for end-to-end digitalization services. October 2022 Current Affairs QuizAim: To contribute in the growth of the supply chain finance penetration in India, which is less than 1% ...

Nomura Prediction for India in FY24: Nomura predicts that India’s growth will drastically slow down to 5.2% in 2023–24 (FY24) from 7% in the current fiscal year due to the spillover effects of the global downturn. The Japanese brokerage batted for policy vigilance amid the global headwinds, ...

Centre raises credit guarantee limit for airlines sector: The Department of Financial Services (DFS) has modified the Emergency Credit Line Guarantee Scheme (ECLGS) for the aviation sector. October 2022 Current Affairs Quiz The department has raised the scheme’s cheaper loan limit to ...

Gross Direct Tax Collection Registered Growth of 30% in 2022-23: The Central Board of Direct Taxes(CBDT) in a statement said that the net direct tax collections so far this financial year are at ₹700,669 crore, an increase of 23% as compared to ₹568,147 crore till the same period of the ...

Railway’s Revenue Up 38 % to Rs 95,486.58 Cr: The overall revenue of Indian Railways at the end of August 2022 was Rs 95,486.58 crore, showing an increase of Rs 26,271.29 crore or 38 per cent over the corresponding period of last year, an official statement said on Sunday. The revenue from ...