India Signs 38 pacts to give impetus to the manufacturing of capital goods for the iron and steel industry. What is the agreement amount of it?
Options
A. $1.5 Billion
B. $3 Billion
C. $5 Billion
D. $8 Billion
Correct Answer
$5 Billion
Explanation
Thirty-eight pacts worth $5 billion were signed among 20 technology providers, capital goods manufacturers and steel producers, which will give impetus to the manufacturing of capital goods for the iron and steel industry. Of the 20 companies who exchanged the MoUs, about 12 are foreign players. The MoUs were signed at a conclave on Capital Goods for Steel Sector, manufacture in India, organised by Confederation of Indian Industry (CII) jointly with Mecon and Steel Ministry.
Economy problems
Search Results
1. Which stock market overtakes Japan to become world's 3rd largest according to Bloomberg?
Stock market of Hong Kong has surpassed Japan to become the world's third most valuable market. Now Hong Kong's stock market is behind the US and China. Hong Kong's market value stood at $5.78 trillion, surpassing Japan's market value at $5.76 trillion tally for the first time since 2015. Hong Kong's Hang Seng Index has increased by 17 percent this year. Topix Index of Japan advanced at 8.3 percent in this period.
2. The CCEA has approved Rs __________ crore interest subvention for extending loans by banks to sugar mills.
The CCEA has approved Rs 2,790 crore interest subvention for extending loans by banks to sugar mills. This is in addition to Rs 1,332 crore already approved by the Cabinet Committee on Economic Affairs (CCEA) in June 2018. The interest subvention is for extending loans of Rs 12,900 crore by banks to sugar mills under the scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity.
3. CM Fadnavis approves Rs __________ for the memorial of Krantikari Khajyaji Naik in Maharashtra.
Swargate Multimodal Hub' in Pune, Maharashtra CM Devendra Fadnavis arrived at Jalgaon, attending the Jan Jati Sammelan organised by Krantikari Khajyaji Naik Smruti Sanstha at Dharangaon. Kranti Kari Khajyaji Naik gave immense contribution during the freedom struggle. CM Fadnavis approves Rs 15 crores for the memorial of Krantikari Khajyaji Naik in Maharashtra.
4. What is the India's GDP growth forecast for 2018, according to UNCTAD's latest report "Trade and Development Report"?
The United Nations Conference on Trade and Development (UNCTAD) has expected India's economy to grow 7.0% in calendar year 2018 compared with 6.2% in 2017. As per the report "Trade and Development", the effects of demonetization are still evident in private consumption trends within the economy. It also emphasised that countries like India and Thailand, which have been most favoured by foreign investors and experienced the largest spike in asset prices, would be most vulnerable to capital outflows. Further, countries like India which are dealing with Current Account Deficits (CAD) have a tendency of reducing imports. This assumes significance in the wake of India putting in place measures to control the rising CAD and capital outflows.
5. Ministry of Finance approves __________ to upgrade Doordarshan and All India Radio.
Finance ministry has approved Rs 850 crore investment to upgrade Doordarshan (DD) and All India Radio (AIR). The sanctioned amount will be invested over FY19 and FY20. Decision came after Centre has started a manpower audit of Prasar Bharati, acting on the recommendation of an expert committee in 2014 led by Sam Pitroda which recommended that Prasar Bharati 'undertake a comprehensive manpower audit and human resources planning exercise to map workforce requirements for the future, in line with the public broadcaster's mandate'.
6. Interaction of India with ambassadors and High Commissioners of European and Oceania Countries was held in __________.
An Interactive session was held between India and ambassadors & High Commissioners of European and Oceania Countries in New Delhi. The aim of the interactive session was to take economic ties with European and Oceania countries to a next level. Various trade negotiations were also discussed in the session. Bilateral trade between India and Europe is of USD 130.1 Billion and import and export between the countries has registered double digit growth. India is the fifth largest exporter for Australia and major exports from India to Australia include refined Petroleum, Business services and Pharmaceutical.
7. The biannual Army Commanders Conference began in ___________.
The biannual Army Commanders' Conference began in New Delhi for the planning and execution process of the Indian Army. Some issues like the management of the extant security dynamics, mitigation of future security threats were discussed in this conference. Defence Minister Nirmala Sitharaman delivered her opening address at the conference and the Chief of the Army Staff chaired the conference.
8. First Indian Army Mountaineering Expedition held in which Mountain?
First Indian Army Mountaineering Expedition to Mt Makalu (8485m) comprising five Officers, two JCOs and eleven OR was flagged off by Director General Military Training on 26 Mar 2019. In furtherance of the objective of summiting all challenging peaks above 8000M, Indian Army is launching its maiden expedition to Mt Makalu in Mar-May 2019. Mt Makalu is considered amongst the most dangerous peaks and summiting the peak is considered extremely challenging due to inclement weather conditions and freezing temperatures. The peak will test the climbers for technical acumen, mental and physical courage and their determination to reach atop Mt Makalu.
9. Which city has become the highest 4G availability in India as per the report of OpenSignal's hottest city for 4G Availability?
Dhanbad, the coal capital of India scored 95.3 percent and become the number one city in terms of highest 4G availability in India by the report name 'OpenSignal's hottest city for 4G Availability'. Ranchi which has 95% of 4G Availability, ranked second and Srinagar ranked third with the score of 94.9% on the list with 4G Availability. Raipur and Patna ranked fourth and fifth place with a score of 94.8% and 94.5% respectively.
10. Indian Air Force formally inducted Chinook heavy-lift helicopters at __________.
The Indian Air Force formally inducted the CH 47 F(I)- Chinook heavy-lift helicopters into its inventory at Air Force Station Chandigarh. IAF had signed a contract with M/s Boeing Ltd in September 2015 for 15 Chinook helicopters. The first batch of four helicopters has been delivered on schedule and the last batch is to be delivered by March 2020. These helicopters will be deployed in the Northern and Eastern regions of India. The helicopter is capable of airlifting diverse military and non-military loads into remote locations.