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Welcome to the Current Affairs Section.

Welcome to the Current Affairs Section of BSC Academy. Get Daily & Latest Current Affairs 2021 for government job exams, UPSC, IAS/PCS, Banking, IBPS, SBI, RBI, SSC, Railway, UPPSC, BPSC, MPPSC, MPSC, KPSC, TNPSC, RPSC, UKPSC, APPSC and other competitive exams.

Trending Current Affairs

SBI acquires minority stake in JSW Cement for Rs 100 crore

Wednesday December 22, 2021

The State Bank of India (SBI) has acquired a minority stake in

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Sri Lankan Cabinet remains divided over seeking IMF bailout to overcome dollar crisis

Wednesday December 22, 2021

The Sri Lankan Cabinet on Dec 21 remained divided on the issue of seeking an

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PM Gati Shakti plan, single window clearance to further push FDI inflows in new year

Wednesday December 22, 2021

A series of steps taken by the government to promote ease of doing business and liberalisation of foreign direct investment norms

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PM Gati Shakti plan, single window clearance to further push FDI inflows in new year

A series of steps taken by the government to promote ease of doing business and liberalisation of foreign direct investment norms have helped India receive record FDI inflows so far this year, and implementation of measures like PM Gati Shakti, single window clearance and GIS-mapped land bank are expected to further push investments in 2022.

The total foreign direct investments into India rose to a record USD 81.72 billion in 2020-21.

During April-July this fiscal, FDI (foreign direct investment) into the country increased by 62 per cent to USD 27.37 billion.

The government is making all-round efforts to improve ease of doing business and the compliance burden has been reduced in more than 25,000 compliances over the last few years.

So far 19 central government ministries/departments and 10 states have boarded the national single window system, which has been soft launched as a single point of clearance for investor related issues.

Similarly, the India Industrial Land Bank is GIS enabled and has mapped over five lakh hectares of land, over 4,500 industrial parks, and shows vacant industrial plots available for investors

Among several areas, the government has relaxed FDI norms in coal mining, defence production, contract manufacturing, and single-brand retail trading.

Foreign direct investment equity inflows into India have touched USD 548 billion between April 2000 to June 2021.

About 28 per cent of the FDI came through the Mauritius route.

It was followed by Singapore (22 per cent), the US (8 per cent), the Netherlands, and Japan (each 7 per cent) and the UK (6 per cent).

The other big investors have been from Germany, Cyprus, France and Cayman Islands.

The key sectors which attracted the maximum FDI include services segment, computer software and hardware, telecommunications, trading, construction development, automobile, chemicals, and pharmaceuticals.

Although FDI is allowed through the automatic route in most of the sectors, in certain areas such as telecom, media, pharmaceuticals and insurance, government approval is required for foreign investors.

Under this route, a foreign investor has to take prior approval of the respective ministry or department whereas for the automatic route, an overseas investor is only required to inform the Reserve Bank of India (RBI) after an investment is made.

At present, FDI is prohibited in as many as nine sectors.

They are lottery business, gambling and betting, chit funds, 'nidhi' companies (a type of NBFC), real estate business, and manufacturing of cigars, cheroots, cigarillos and cigarettes using tobacco.

Queen's Baton Relay for 2022 CWG to be held in Delhi, Ahmedabad, Bengaluru and Odisha

Wednesday December 22, 2021

The Queen's Baton Relay for the 2022 Birmingham Commonwealth Games will be held in Delhi, Ahmedabad, Bengaluru

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US Open champ Raducanu is BBC sports personality of the year

Wednesday December 22, 2021

U.S. Open champion Emma Raducanu was voted the BBC’s sports personality of the year to cap an incredible

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Four-day workweek, new salary structure, to be implemented in India soon

Wednesday December 22, 2021

Centre is likely to implement the four new labour codes on wages, social security,

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Mamata's TMC registers landslide victory in Kolkata civic polls

Wednesday December 22, 2021

The Trinamool Congress (TMC) on Dec 21 registered a landslide victory

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PM Modi transfers Rs 1,000 crore to SHGs to woo women voters

Wednesday December 22, 2021

The Prime Minister Narendra Modi on Dec 21 transferred around Rs 1,000 crore in the

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