Prelims Current Affairs (Economy)

Transition from LIBOR

19th Jul, 2021

The RBI advised banks and financial institutions need to cease entering into new financial contracts that reference LIBOR as a benchmark and instead use any widely accepted alternative reference rate (ARR), as soon as practicable and in any case by December 31, 2021.

The Government inaugurated the country’s first Liquefied Natural Gas (LNG) facility plant at Nagpur.

NTPC, Maharatna PSU under Ministry of Power has signed anMoU with UT of Ladakh and LAHDC to setup the country’s first Green Hydrogen Mobility project.

India with some other members of OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) adopted a high-level statement containing an outline of a consensus solution to address the tax challenges arising from the digitalization of the economy.

The Department of School Education and Literacy, Ministry of Education has launched National Initiative for Proficiency in Reading with Understanding and Numeracy (NIPUN Bharat).

The Centre will work towards linking innovative agricultural technologies with the farms under the Biotech-KISAN program in the Northeastern region.

According to the UNDP’s latest appraisal report, Chandauli is one of India’s four most progressed districts under the Aspirational Districts. The Black rice has earned UP’s Chandauli big United Nations Development Programme (UNDP) praise and good profit.

The government has proposed changes to the e-commerce rules under the Consumer Protection Act, 2019 to make the operation framework more stringent.

China's 'artificial sun' EAST achieved a peak temperature of 288 million degrees Fahrenheit, which is over ten times hotter than the sun, for 20 second.

The third edition of the SDG India Index and Dashboard 2020–21 has been released by NITI Aayog.

Advanced economies making up the G7 grouping have reached a “historic” deal on taxing multinational companies and to ratify a global minimum corporate tax rate to counter the possibility of countries undercutting each other to attract investments.

El Salvador is declaring the Bitcoin cryptocurrency as a legal tender in the Central American country.


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