Cairn India will partner US-based Halliburton to start shale exploration in the Lower Barmer Hill formation, Western Rajasthan. Important points: The key difference between shale oil and conventional crude is that the former, also called ‘tight oil’, is found in smaller batches, and deeper than conventional crude deposits. Unlike conventional …
Read More »Daily Archives: November 19, 2021
SYDNEY DIALOGUE
Recently, the Prime Minister delivered the keynote at the inaugural Sydney Dialogue via video conferencing. He spoke on the theme of India’s technology evolution and revolution. Important points: The international order should ensure cryptocurrencies do not end up in the wrong hands. Citing the unregulated nature of the crypto market, …
Read More »RECIPIENT OF REMITTANCES
According to the World Bank’s Migration and Development Brief, India has become the world’s largest recipient of Remittances, receiving USD 87 billion (a gain of 4.6 % from previous year) in 2021. India is followed by China, Mexico, the Philippines, and Egypt. The United States being the biggest source, accounting …
Read More »PRADHAN MANTRI GRAM SADAK YOJANA
The Cabinet Committee on Economic Affairs (CCEA) gave its approval for continuation of Pradhan Mantri Gram Sadak Yojana-I and II (PMGSY-I and II) upto September, 2022 for completion of balance road and bridge works. The CCEA also approved continuation of Road Connectivity Project for Left Wing Extremism Affected Areas (RCPLWEA) …
Read More »RULES FOR DIGITAL LENDING
Recently, the Reserve Bank of India (RBI) Working Group (WG) Committee has made recommendations pertaining to Digital Lending, including a separate legislation to prevent illegal digital lending activities. The RBI constituted a WG on digital lending including lending through online platforms and mobile apps in January, 2021. The panel was …
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