Business, Economy & Banking
Recently, Cotton Corporation of India (CCI) was making news for undertaking minimum support price operations for cotton in India. Where are headquarters of Cotton Corporation of India (CCI)?
Explanation: The Cotton Corporation of India (CCI), headquartered in Mumbai, ensures cotton farmers receive fair prices by purchasing cotton at the Minimum Support Price (MSP) when market rates fall below this threshold.
This year, CCI’s purchases have been limited as market prices mostly exceeded MSP, though challenges like pink bollworm infestations persist.
Recently, India has signed an agreement with which country for the exploration and mining of lithium?
Explanation: India's state-owned Khanij Bidesh India Ltd. (KABIL) has signed a $24 million agreement with Argentina's CATAMARCA MINERA Y ENERGÉTICA SOCIEDAD DEL ESTADO (CAMYEN SE) for lithium exploration and mining.
This landmark deal grants KABIL exclusive rights to explore five lithium brine blocks in Catamarca province, marking India's first lithium mining venture by a government-owned entity.
The agreement is pivotal for India's energy transition and sustainability goals.
Money2India (Canada) app, recently seen in the news, launched by which bank?
Explanation: The Money2India (Canada) app by ICICI Bank Canada enables seamless 24/7 money transfers from Canada to any bank in India. Available on both the App Store and Play Store, it supports future-dated or recurring transfers with a daily limit of USD 20,000 to over 100 Indian banks.
Recently, which department launched the ‘StartupShala’, a flagship accelerator program of startup India?
Explanation: The StartupShala program, initiated by the Department for Promotion of Industry and Internal Trade (DPIIT), is aimed at accelerating early-stage startups.
It provides essential resources and opportunities through a network of incubation centers, educational institutions, and corporate partners, supporting startups in scaling and achieving their growth objectives.
As per the Financial Incentive scheme, what per cent of Gross State Domestic Product (GSDP) is available to the States for borrowing?
Explanation:
The Department of Expenditure provided financial incentives to States for implementing power sector reforms by allowing them an additional borrowing space of up to 0.5% of their Gross State Domestic Product (GSDP) annually.
This incentive scheme is in place for a four-year period from 2021-22 to 2024-25. As a result, a total of 12 states have received Rs. 66,413 crores in incentives for their efforts in implementing these reforms.
Which institution is set to release a consultation paper on ‘Finfluencers’?
Explanation: Finfluencers, who use social media to provide financial advice and insights, have become increasingly prominent.
SEBI's plan to release a consultation paper aims to regulate this space by establishing guidelines to ensure transparency and protect investors.
This move reflects SEBI's efforts to address the challenges posed by the growing influence of these financial influencers in the market.
Which Union Ministry has launched the ‘Company Law Committee (CLC)’?