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DGAD Conducts Anti-dumping Investigations

New Delhi (ABC Live): Anti-dumping Investigations : Directorate General of Anti-Dumping and Allied Duties (DGAD) conducts anti-dumping investigations on the basis of a duly substantiated petition filed by the domestic industry (DI) alleging dumping of goods into the country causing injury to the DI. The basic intent of the anti-dumping measures is to eliminate injury caused to the DI by ... Read More »

ISRO Signs Deal with USGS for Satellite Remote Sensing

New Delhi (ABC Live): Satellite Remote Sensing :The Memorandum of Understanding (MoU) between Indian Space Research Organisation (ISRO) and United States Geological Survey (USGS) has been signed on July 09, 2016 for cooperation in the exchange and use of satellite remote sensing data. Under this MoU, USGS is facilitating availability of data of Indian region using American remote sensing satellites ... Read More »

India Finds Uranium Mines in Meghalaya

New Delhi (ABC Live): Uranium mineralization in Meghalaya has been found over a large area around Domiasiat, Wahkyn, Lostoin etc. Uranium Corporation of India Ltd. (UCIL) under Department of Atomic Energy (DAE) has already made a plan to develop the mineral resources at Domiasiat under the name of “Kylleng Phendengsohiong Mawthabah (KPM) Uranium Mining Project”. The project has the potential ... Read More »

India Approves Six Additional Nuclear Power Plants

New Delhi (ABC Live):  :Nuclear Power Plants :The Government has accorded ‘in principle’ approval for the sites at Gorakhpur in Haryana and Mahi Banswara in Rajasthan for setting up 4 reactors of 700 MW each.  The Government has also accorded financial sanction for Units 1 & 2 at Gorakhpur (GHAVP 1&2-2×700 MW) and work on the project has commenced. The nuclear ... Read More »

India Gets US $ 201.5 Million WB Loan for Engineering Education

New Delhi (ABC Live):The Government of India and the World Bank today signed a US$ 201.50 million credit agreement to enhance the quality and equity of engineering education across several focus states[1] in India. Technical Education Quality Improvement Project (TEQIP III), signed today, is the third phase of an envisioned 15-20 year phased program initiated with the first phase of ... Read More »

ICJ Decides Maritime Delimitation Between Kenya, Somalia

New York (ABC Live):The International Court of Justice – the principal judicial organ of the United Nations – today issued a verdict, admitting an application submitted by Somalia, over the maritime delimitation between it and Kenya in the Indian Ocean. In its final judgement and without appeal, the Court rejected objections raised by Kenya which referred to a memorandum of ... Read More »

RBI Meeting Held Prior to Demonetization: Indian Government

New Delhi (ABC Live):RBI held a meeting of its Central Board on November 8, 2016. The agenda of the meeting, inter-alia, included the item : “Memorandum on existing banknotes in the denomination of Rs 500 and Rs 1000 – Legal Tender Status” The following Directors of Central Board of Reserve Bank of India attended the meeting: 1. Dr. Urjit R. ... Read More »

RBI Releases Data of Indian Banks Online Transactions

Mumbai (ABC Live): Reserve Bank of India (RBI) collects information on the number of debit and credit cards outstanding by the Scheduled Commercial Banks (SCBs). The credit and debit cards outstanding for the last three years is placed below: (in millions) 2013-14 (As at the end of March 31, 2014) 2014-15 (As at the end of March 31, 2015) 2015-16 ... Read More »

India Foreign Exchange Reserves Raises to 369 Billions

Mumbai (ABC Live): India’s foreign exchange reserves (FER) increased from US$ 341.6 billion at end March 2015 to US$ 360.2 billion at end March 2016 and US$ 360.8 billion as on 20th January 2017. India’s foreign exchange reserves (FER) comprise foreign currency assets, gold, Special Drawing Rights (SDRs) and Reserve Tranche Position (RTP) with the IMF. The level of foreign ... Read More »

RBI Asks Five Banks to Act Against Black Ships of Demonetisation

Mumbai (ABC Live): The Reserve Bank of India (RBI) has advised the banks vide in circular Ref. No.DBS.CO.PPD / 4220/11.01.005/2016-17 dated November 29, 2016 to take action to prevent / detect / contain the malpractices or wrongdoing by staff in branches exchange / deposit of Specified Bank Notes (SBN). The banks were also advised vide the same circular to strengthen ... Read More »