Daily Current Affairs  – 11 August 2022

In News Recently, markets regulator Securities and Exchange Board of India (SEBI) has proposed the concept of blue bonds as a mode of sustainable finance. About Such securities can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing.  SEBI has suggested strengthening the framework for green bonds by amplifying the […]

In News Coal companies carry out various programmes and activities through their Corporate Social Responsibility (CSR) funds benefit the peripheral areas around coal mines.  Corporate Social Responsibility (CSR) The CSR concept in India is governed by Section 135 of the Companies Act, 2013, Schedule VII of the Act and Companies (CSR Policy) Rules, 2014.  The […]

In News Over 300 cooperatives have been onboarded as buyers on the GeM portal to enable them to purchase goods and services at competitive prices. In the first phase, all eligible cooperatives with a turnover and deposits of ?100 crore will be able to start placing orders on the GeM portal. Why this move? It […]

In News The US firm Microsoft has become the first big tech company to join the Open Network for Digital Commerce (ONDC). About ONDC: Launched by DPIIT It is a not-for-profit organisation that will offer a network to enable local digital commerce stores across industries to be discovered and engaged by any network-enabled applications.  It […]

In News Recently, the Union Cabinet has approved the proposal of the Ministry of Housing and Urban Affairs (MoHUA) for continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U).  Key Points PMAY-U will be continued up to 31st December 2024. The financial assistance is to be provided for the completion of already sanctioned 122.69 lakh houses till […]

In News India aims to achieve the target of a $5 trillion economy by 2025 & $10 trillion by 2033-34. We are now $3.3 trillion as per the data. More about the news There are mixed opinions about India’s economic potential for target achievement. A study conducted by the National Council of Applied Economic Research […]

In News Recently, India and the UK concluded the fifth round of talks for the India-UK Free Trade Agreement (FTA). About For this round of negotiations, technical experts from both sides came together for detailed draft treaty text discussions in 85 separate sessions covering 15 policy areas.  Indian and UK officials will continue to work […]

In News Recently, Nitish Kumar has taken oath as Bihar’s Chief Minister for a record eighth time. Office of Chief Minister About: In the scheme of the Parliamentary system of government provided by the Constitution, the Governor is the nominal executive authority (de jure executive) and the Chief Minister is the real executive authority (de […]