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Economy

Dr. Reddy’s monitoring developments in Russia, CIS region

February 24, 2022 by iascurrent
Reddy

Dr. Reddy’s Laboratories, which counts Russia and the CIS region among its key growth markets, is keeping a careful eye on developments as tensions between Ukraine and Russia escalate. “We have been closely monitoring developments … Read more

Categories Current Affairs, COVID, Economy, International Leave a comment

After Russia invaded Ukraine, cryptocurrency prices crashed

February 24, 2022 by iascurrent
Russia

On Thursday, bitcoin fell to its lowest level in a month after Russian forces fired missiles at numerous Ukrainian cities and landed troops on the country’s coast, spurring a sell-off of riskier assets. Bitcoin dropped … Read more

Categories Current Affairs, Economy Leave a comment

Oil prices break the $100 barrier in response to Russia’s’military campaign’ in Ukraine

February 24, 2022 by iascurrent
Oil prices

On Thursday, oil prices surpassed $100 for the first time in more than seven years after Russian President Vladimir Putin announced a “military operation” in Ukraine, seemingly in response to fears of an invasion. Following … Read more

Categories Current Affairs, Economy, International 1 Comment

RBI warns the public about unauthorized prepaid payment instruments

February 23, 2022 by iascurrent
RBI, forex reserves, Reserve

The Reserve Bank of India said on Tuesday that Gurugram-based sRide Tech Private Limited’ is operating a pre-paid instrument (wallet) through its car-pooling app’sRide’ without the necessary permissions, warning the public against using applications issued … Read more

Categories National, Economy 1 Comment

Cryptocurrencies are like Ponzi schemes, says RBI Deputy Governor

February 15, 2022 by iascurrent
T rabi sankar bats for cryptocurrencies ban

T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), advocated for an absolute ban on cryptocurrency in the country on Monday. There are compelling reasons to keep cryptocurrencies out of the formal … Read more

Categories Current Affairs, Economy, National Leave a comment

The Biggest Bank Fraud: CBI books ABG Shipyard for fraud of Rs. 22842 crore

February 12, 2022 by iascurrent
ABG Shipyard

The Central Bureau of Investigation (CBI) has charged ABG Shipyard Limited, one of India’s major private sector shipyard businesses, with defrauding 28 banks to the tune of Rs 22,842 crore. Along with the firm, which … Read more

Categories Current Affairs, Economy, National 1 Comment

Gautam Adani became richest person in Asia, overtakes Mukesh Ambani

February 8, 2022 by iascurrent
Gautam Adani

Gautam Adani is now the richest person in Asia. He has surpassed Mukesh Ambani to become the richest person on the continent. Gautam Adani who turned the small commodities trading business into a huge business … Read more

Categories Current Affairs, Economy, National Leave a comment

Rupees 3,358 crore wages are unpaid under MGNREGA: Government in Rajya Sabha

February 4, 2022 by iascurrent
MGNREGA, Rajya Sabha

On Wednesday, the Central government has replied to a question about MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act). The question was asked by John Brittas, a member of the Communist Party of India (Marxist) … Read more

Categories Current Affairs, Economy, National Leave a comment

India provided another relief package of $500 million for emergency fuel import

January 19, 2022 by iascurrent
India extended another $500 million support to Sri Lanka

On Tuesday provided another $500 million of the package to Sri Lanka for emergency fuel imports. India has extended this relief amount of $500 million on Line of Credit (LOC) to the island nation. Sri … Read more

Categories Current Affairs, Economy, International 4 Comments
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