India Becomes World’s 4th Largest Economy: At the 10th NITI Aayog (National Institution for Transforming India) Governing Council Meeting, NITI Aayog CEO announced that India has overtaken Japan to become the world’s 4th largest economy, with its GDP crossing USD 4 trillion.India remains the world’s fastest-growing major economy and is the only country projected to […]
Category: Economics Current Affairs
Debt Recovery Tribunals
Debt Recovery Tribunals: The Department of Financial Services (DFS) under the Ministry of Finance organised a colloquium recently at New Delhi, bringing together Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs). Debt Recovery Tribunals (DRTs) are quasi-judicial bodies established under the Recovery of Debts Due to Banks and […]
New Development Bank : Algeria Joined
New Development Bank: Algeria Joined Algeria has officially joined the BRICS-backed New Development Bank (NDB), marking a major expansion of the bank’s influence into North Africa. The New Development Bank (NDB), formerly known as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China, and South Africa). […]
Fitch Raises India’s Medium-Term Growth Outlook to 6.4% till FY26
Fitch Raises India’s Medium-Term Growth Outlook to 6.4% till FY26: Fitch Ratings has upgraded India’s medium-term GDP growth projection to 6.4% till FY2026, citing improved labour force participation and reduced pandemic-related economic scarring. This revision comes even as Fitch trims growth forecasts for most other emerging markets, with countries like China facing deeper structural challenges. […]
RBI Sells Nearly $400 Billion in FY25
RBI Sells Nearly $400 Billion in FY25: The Reserve Bank of India (RBI) sold a record $398.71 billion worth of foreign currency on a gross basis in FY2024-25. This marks the highest-ever intervention by the central bank, reflecting its aggressive stance amid geopolitical uncertainty and the fear of global economic disruption, particularly linked to potential […]
Centre Launches Nationwide Drive to Make Educational Institutions Tobacco-Free
Centre Launches Nationwide Drive to Make Educational Institutions Tobacco-Free: The Ministry of Education has launched a nationwide enforcement drive aimed at making educational institutions tobacco and substance-free zones. This move comes as part of efforts to protect the country’s youth from the harmful effects of tobacco, alcohol, and drug abuse, with active participation expected from […]
Union Minister launched three new digital platforms
Union Minister launched three new digital platforms: Union Minister launched three new digital platforms—Depot Darpan, Anna Mitra, and Anna Sahayata—to streamline India’s Public Distribution System (PDS), ensuring transparency, efficiency, and accountability. The Ministry of Consumer Affairs, Food and Public Distribution has unveiled three tech-driven initiatives to modernize warehousing, empower frontline workers, and improve grievance redressal […]
Mizoram India’s First Fully Literate State
Mizoram India’s First Fully Literate State: The Chief Minister of Mizoram officially declared the state as fully literate. With this, Mizoram has become the first state in India to achieve complete literacy. Earlier, on 24.06.2024, Ladakh became the first administrative unit to declare full literacy. A state is considered fully literate when its literacy rate […]
India’s leading green finance institution, IREDA, has achieved a significant milestone by receiving an ‘Excellent’ rating
India’s leading green finance institution, IREDA, has achieved a significant milestone by receiving an ‘Excellent’ rating: The Indian Renewable Energy Development Agency Ltd. (IREDA), India’s premier green financing non-banking financial company (NBFC), has earned an ‘Excellent’ rating from the Department of Public Enterprises (DPE) for the financial year 2023-24. IREDA is now ranked among the […]
Directorate General of Foreign Trade
Directorate General of Foreign Trade: The Government of India has updated its import policy for gold and silver to align customs tariffs with trade regulations, as notified by the Directorate General of Foreign Trade (DGFT). The Directorate General of Foreign Trade (DGFT) is an attached office of the Ministry of Commerce and Industry. It is […]
