Asset Reconstruction Companies : RBI The Reserve Bank of India (RBI) recently issued new rules aimed at streamlining and tightening the settlement process for dues payable by borrowers to Asset Reconstruction Companies (ARCs). News Rules issued by the RBI: The revised framework by the RBI mandates that ARCs adopt a more structured approach to settle […]
Category: Economics Current Affairs
RBI Constitutes New Advisory Committee for Bank Licensing
RBI Constitutes New Advisory Committee for Bank Licensing: The Reserve Bank of India (RBI) established a new Standing External Advisory Committee (SEAC) to evaluate applications for Universal Banks and Small Finance Banks (SFBs). This committee is chaired by former RBI Deputy Governor M. K. Jain and comprises five members. The SEAC includes: M. K. Jain: […]
Draft Regulations for the Selection and Appointment of Vice Chancellors
Draft Regulations for the Selection and Appointment of Vice Chancellors: The University Grants Commission (UGC) recently released draft regulations for the selection and appointment of Vice Chancellors (VCs) in universities, sparking controversy. UGC Draft Regulation on Vice Chancellors: The Chancellor/Visitor will form a three-member Search-cum-Selection Committee. The committee will include nominees from the Chancellor/Visitor, UGC […]
Coffee : India Is Now The Seventh-Largest Producer
Coffee : India Is Now The Seventh-Largest Producer India is now the seventh-largest coffee producer globally with exports reaching $1.29 billion in FY 2023-24, almost double the $719.42 million in 2020-21. Climatic Conditions for Coffee Cultivation: Temperature: Ideal range is 15°C to 28°C. Rainfall: Requires 150-250 cm of annual rainfall. Soil: Grows best in well-drained, […]
Pradhan Mantri Mudra Yojana (PMMY) recorded an all-time high disbursal
Pradhan Mantri Mudra Yojana (PMMY) recorded an all-time high disbursal: In the third quarter of the fiscal year 2024-25, the Pradhan Mantri Mudra Yojana (PMMY) achieved a historic milestone by disbursing ₹3.39 lakh crore in loans, marking the highest quarterly disbursement since the scheme’s inception in 2015. This significant uptick underscores the government’s ongoing commitment […]
Forbes Billionaires List 2025
Forbes Billionaires List 2025: World’s Top 10 Richest People in 2025: Global business leaders and entrepreneurs have experienced an extraordinary rise in wealth, significantly increasing their net worth through innovation and strategic foresight. According to Forbes’ latest rankings, Elon Musk has begun 2025 at the pinnacle of wealth, ranking as the world’s richest person, with […]
CEO of Zurich Kotak General Insurance
CEO of Zurich Kotak General Insurance: Alok Kumar Agarwal has been appointed as the Managing Director and Chief Executive Officer of Zurich Kotak General Insurance, effective January 1, 2025. He succeeds Suresh Agarwal in this role. He spent 22 years at ICICI Lombard General Insurance, holding various leadership positions across corporate, SME, government, rural, crop, […]
CII Projects 7% GDP Growth for 2025-26
CII Projects 7% GDP Growth for 2025-26: The Confederation of Indian Industry (CII) anticipates India’s Gross Domestic Product (GDP) to grow by 7% in the fiscal year 2025-26, driven by an uptick in private investments and employment generation.A recent pan-India survey by CII reveals that 75% of respondents view the current economic climate as favorable […]
Internet Governance Internship and Capacity Building Scheme
Internet Governance Internship and Capacity Building Scheme: The National Internet Exchange of India (NIXI) announced the launch of its Internet Governance Internship and Capacity Building Scheme. This program aims to build awareness and develop expertise in internet governance (IG) among Indian citizens. It will equip participants with the knowledge to effectively engage in global internet […]
Indian Sustainable Natural Rubber (iSNR) Platform
Indian Sustainable Natural Rubber (iSNR) Platform: The Rubber Board has rolled two new initiatives called iSNR (Indian Sustainable Natural Rubber) and INR Konnect. Indian Sustainable Natural Rubber (iSNR) Platform streamlines the compliance process, making it more efficient for stakeholders involved in the rubber supply chain targeting EU markets. It is designed to facilitate compliance with […]
