General Awareness

BUSINESS AND ECONOMY - February 2016

Feb 2016

Oct 14, 2025

Piyush Goyal Launches PM GatiShakti Public Platform to Democratise Access to Geospatial and Infra...

The Logistics Division, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, commemorated the completion of four transformative years of the PM GatiShakti National Master Plan (NMP) with a special event in New Delhi, chaired by Union Minister of Commerce and Industry Piyush Goyal.
Among the key initiatives inaugurated at the event, the launch of "PM GatiShakti Public" through the Unified Geospatial Interface (UGI) marks a significant milestone in democratising access to infrastructure and geospatial data. This query-based web platform provides regulated access to selected non-sensitive datasets from the PM GatiShakti NMP, enabling private entities, consultants, researchers, and citizens to leverage advanced analytics for infrastructure planning and investment decisions.

RBI Eases Rupee Lending to Boost Trade with Bhutan, Nepal, Sri Lanka

In a move aimed at strengthening regional trade and payment systems, the Reserve Bank of India (RBI) allowed Indian banks and their overseas branches to extend rupee-denominated loans to persons residing in Bhutan, Nepal, and Sri Lanka.
As per RBI, the step was taken to facilitate cross-border trade transactions and is part of its ongoing efforts to ease external trade and payment mechanisms.

L&T Wins Major Grid Infrastructure Orders in Middle East

Larsen & Toubro's (L&T) Power Transmission & Distribution (PT&D) business secured large grid infrastructure orders in the Middle East, strengthening its position in the region's energy sector.
The company will build a 400 kV substation in the United Arab Emirates as part of the Gulf Cooperation Council (GCC) interconnection project. This interconnection links the electricity networks of GCC member states, helping them share power efficiently and enhance overall grid stability.

Oct 13, 2025

Three Indian Ports Named Green Hydrogen Hubs

India took a significant step toward building a future-ready green energy ecosystem by designating three major ports as Green Hydrogen Hubs. The Ministry of New and Renewable Energy (MNRE), under the framework of the National Green Hydrogen Mission, formally recognised Deendayal Port (Gujarat), V.O. Chidambaranar Port (Tamil Nadu), and Paradip Port (Odisha) as focal points for green hydrogen production, distribution, and usage.
Under the National Green Hydrogen Mission, India aims to become a global hub for green hydrogen production and export. These hydrogen hubs are intended to serve as integrated zones, where clean hydrogen is produced, stored, transported, and consumed across various sectors such as shipping, logistics, fertilizers, and refining.

RBI Appoints Sanjay Kumar, Sonali Sen as New EDs

The Reserve Bank of India (RBI) appointed Sanjay Kumar Hansda and Sonali Sen Gupta as Executive Directors (EDs) to the bank.
As ED, Gupta will look after the consumer education and protection department, financial inclusion and development department and inspection department. Hansda will look after the department of economic and policy research.

Oct 12, 2025

Akasa Air Co-Founder and Senior Vice President Neelu Khatri Resigns

Akasa Air's co-founder and Senior Vice President for international operations Neelu Khatri put in her papers, marking a high-level exit at the three-year-old airline.
Khatri is among the founding team of Akasa Air, which started flying in August 2022. She is also one of the executive committee members of the airline.
Apart from Khatri, Akasa Air has five other co-founders -- Aditya Ghosh, Anand Srinivasan, Belson Coutinho, Bhavin Joshi and Praveen Iyer.

Oct 11, 2025

E-NAM Adds 9 New Commodities, Expands Coverage to 247

National Agriculture Market (e-NAM) platform added 9 new agricultural commodities, raising the total number of tradable items to 247. This move aims to strengthen India's largest digital agri-trade platform, enhancing market access, ensuring quality-based pricing, and reducing dependency on middlemen. The announcement was made by the Department of Agriculture and Farmers' Welfare, further underlining the government's commitment to leveraging technology for inclusive and transparent agricultural trade.
Launched in 2016, e-NAM (National Agriculture Market) is an online trading platform for agricultural commodities. It connects existing mandis (markets) across states, enabling farmers, traders, and buyers to trade agricultural produce digitally and transparently.

DoT and International Telecommunication Union (ITU) Host 'AI for Good Summit' at India Mobile Con...

Neeraj Mittal, Secretary (Telecom), and Bilel Jamoussi, Deputy to the Director and Chief of Telecommunication Standardisation Policy Department (TSB) inaugurated the International Telecommunication Union's (ITU) "AI for Good – Impact India" Conference 2025 at IMC 2025 in New Delhi, marking a significant step in advancing responsible and inclusive Artificial Intelligence (AI) innovation in India. The conference brought together global AI leaders, policymakers, industry experts, start-ups, and academia to explore transformative applications of AI for sustainable development.

Oct 10, 2025

Blackstone Appoints Apurva Shah to Lead India Credit Division

Global investment firm Blackstone announced the launch of its India credit platform, appointing seasoned finance expert Apurva Shah as Managing Director to lead private credit origination operations in the country. This move marks a significant expansion of Blackstone's global credit business into one of its fastest-growing markets—India.
Apurva Shah brings over 26 years of experience in finance, including roles at Deutsche Bank, Citigroup, DSP Merrill Lynch, and Dresdner Kleinwort Benson.
He will lead Blackstone's India efforts under the Blackstone Credit & Insurance (BXCI) vertical and report directly to Mark Glengarry, Head of Asia Pacific Private Credit Strategies.
Shah's role will include building relationships with Indian borrowers, identifying lending opportunities, and expanding Blackstone's footprint in the alternative credit space.

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