UNCTAD Global Investment Trends Monitor Report: The United Nations Conference on Trade and Development (UNCTAD) has released its Global Investment Trends Monitor for 2024, reporting an 8% decline in global Foreign Direct Investment (FDI). This threatens funding for critical sectors like infrastructure and renewable energy which are essential for achieving the Sustainable Development Goals (SDGs). […]
Day: January 30, 2025
Kailash Mansarovar Yatra
Kailash Mansarovar Yatra: India and China agreed to revive the annual Kailash Mansarovar Yatra (KMY).Mount Kailash is a diamond-shaped peak made of black rock, located in Tibet.India organizes the KMY annually between June and September through the Lipulekh Pass (since 1981) in Uttarakhand and the Nathu La Pass (since 2015) in Sikkim.Mount Kailash stands at […]
Namdapha Tiger Reserve : In News
Namdapha Tiger Reserve : In News NamdaphaTiger Reserve (NTR) in Arunachal Pradesh has recorded the first sighting of an adult male elephant in 12 years.Elephants traditionally migrated between Namsai (Arunachal Pradesh) and Myanmar via NTR, however, encroachments since 1996 have blocked migration corridors, confining them in northern areas.Namdapha Tiger Reserve Location: Changlang District (Arunachal Pradesh) Declared […]
Reserve Bank of India (RBI) has set the interest rate on the Government of India Floating Rate Bonds 2035
Reserve Bank of India (RBI) has set the interest rate on the Government of India Floating Rate Bonds 2035: The Reserve Bank of India (RBI) has recently announced that the interest rate for the Government of India Floating Rate Bonds 2035 (GOI FRB 2035) will be set at 6.66% per annum. This rate will be […]
JioSoundPay
JioSoundPay: Jio has launched JioSoundPay on JioBharat phones to help small businesses such as kirana stores easily handle UPI payments. This feature offers instant multilingual audio confirmations for every transaction eliminating the need for additional sound boxes, and saving merchants around ₹1,500 annually.
Banks are moving away from the Insolvency and Bankruptcy Code
Banks are moving away from the Insolvency and Bankruptcy Code: Banks are moving away from the Insolvency and Bankruptcy Code (IBC) due to falling recovery rates (down to 28% in FY24 from 40% in FY23) and prolonged resolution timelines (often exceeding 600 days). The number of cases admitted to NCLT has also droppedThe Insolvency and […]
India’s Forex Reserves Declined
India’s Forex Reserves Declined: India’s forex reserves dropped to $625.87 billion as of January 10, 2025, down from $634.59 billion the previous week. The decline is due to RBI interventions to stabilize the rupee, global economic challenges, and currency depreciation.The Reserve Bank of India (RBI) has been actively intervening in the forex market to stabilize […]
Ladakh Tops Khelo India Winter Games 2025
Ladakh Tops Khelo India Winter Games 2025: The first phase of the Khelo India Winter Games (KIWG) 2025 concluded with Ladakh emerging as the top performer. Hosted in Leh, the capital of Ladakh, the games featured exciting competitions, including a thrilling men’s ice hockey final where the Indian Army successfully defended its title. The games […]
SBI Payments & Pine Labs Boost Partnership for Digital Commerce Growth
SBI Payments & Pine Labs Boost Partnership for Digital Commerce Growth: State Bank of India (SBI) Payments and Pine Labs have announced the strengthening of their 12-year-old partnership. This new phase of collaboration, which began on January 25, 2025, is focused on driving the adoption of digital payments across India. By enhancing merchant solutions and […]
Prime Minister Narendra Modi inaugurated the 38th National Games in Dehradun
Prime Minister Narendra Modi inaugurated the 38th National Games in Dehradun: Prime Minister Narendra Modi inaugurated the 38th National Games in Dehradun, Uttarakhand, marking an important milestone for the state as it celebrates its 25th anniversary. The event highlighted India’s growing sports culture and provided a platform for youth across the country to showcase their […]
