Daily Current Affairs 22nd December 2022 For All Government Examinations

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India and GCC countries bilateral trade stood at US$ 111.71 billion for the period April-October 2022

Bilateral Trade between India and the GCC grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22, registering an increase of 77.06% on a year-on-year basis.

During the current FY 2022-23, for the period April-October 2022, bilateral trade between India and the GCC stood at US$ 111.71 billion, up from US$ 79.49 billion during the same period in FY 2021-22.

This is an increase of 40.53% on a year-on-year basis. During the period FY 2017-18 to FY 2021-22, bilateral trade between India and the GCC has grown by 10.57% on a compounded annual growth rate basis.

IFSCA and CEEW sign MoU to cooperate on sustainable finance

The International Financial Services Centres Authority (IFSCA) and the Council on Energy, Environment and Water (CEEW) have signed a Memorandum of Understanding (MoU) for mutual assistance and cooperation in the area of sustainable finance.

About International Financial Services Centres Authority (IFSCA)

The International Financial Services Centres Authority (IFSCA) is a statutory authority established under the International Financial Services Centres Authority Act, 2019 (“IFSCA Act”) with a mandate to develop and regulate the financial products, financial services, and financial institutions in the International Financial Services Centres (‘IFSC’). GIFT-IFSC is the maiden IFSC in India. The IFSCA aims to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region.

About Council on Energy, Environment and Water (CEEW)

The Council on Energy, Environment and Water (CEEW) is one of Asia’s leading not-for-profit policy research institutions. The Council uses data, integrated analysis, and strategic outreach to explain – and change – the use, reuse, and misuse of resources. It prides itself on the independence of its high-quality research, develops partnerships with public and private institutions, and engages with the wider public. In 2021, CEEW once again featured extensively across ten categories in the 2020 Global Go To Think Tank Index Report. The Council has also been consistently ranked among the world’s top climate change think tanks.

Renowned Gamaka exponent and Padma Shri awardee H R Keshava Murthy passes away at 89

Renowned Gamaka exponent Padma Shri awardee H R Keshava Murthy passed away in Shivamogga district of Karnataka. He was 89. H R Keshava Murthy has been given the title "Shataragi" for composing 100 different ragas.

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Daily Current Affairs 22nd December 2022 For All Government Examinations