Daily Current Affairs Updates

The New Development Bank (NDB) — a multilateral lender with a focus on the Global South of the of the Brazil-Russia-India-China-South Africa(BRICS) grouping — is all set to fund more than a dozen projects this year, which will focus on renewable energy.

Government̢۪s plan to change 77 crore conventional bulbs and 3.5 crore conventional streetlights with LED range would save Rs 45,500 crore by reducing 21,500 MW electricity demand.

India̢۪s rich feed off subsidies worth over Rs. 1 lakh crore a year that are meant for the poor, according to the Economic Survey titled Bounties for the Well-off.

And this figure only considers the subsidies on six commodities, two public utilities — the Railways and electricity — and one small savings scheme, the Public Provident Fund.

The Reserve Bank of India (RBI) has extended currency swap arrangement to South Asian Association for Regional Cooperation (SAARC) nations till mid-November 2017.

The Cabinet Committee on Economic Affairs has hiked Minimum Support Price (MSP) of raw jute from 2,700 to 3,200 rupees per quintal.

Hyderabad-based GVK Biosciences (GVK BIO) has been awarded prestigious Global CSR Excellence & Leadership Award.

India̢۪s leading private lender Yes Bank has been awarded inaugural Green Bond Pioneer Award at a ceremony held in London, United Kingdom.

The Union Cabinet has given its approval for signing of an Agreement between India and Maldives for the avoidance of double taxation of income from international air transport.

The Union Cabinet has given its approval for introduction of steps for promotion of cashless payments (transactions) through cards and digital means.

Yoichiro Ueno has been appointed as new President and Chief Executive Officer (CEO) of Honda Cars India by its parent Honda Motor Company.

Michael Pesch has been appointed as Chief Executive Officer (CEO) of Infosys Consulting Holding, a subsidiary of India̢۪s second largest software company Infosys.

• Union Cabinet approves establishment of Atal Innovation Mission and SETU in NITI Aayog
• Lok Sabha passes Election Laws (Amendment) Bill, 2016
• E-Tourist Visa Scheme extended to 37 more countries