Category: Economics Current Affairs

National Council For Vocational Education And Training: The National Council for Vocational Education and Training (NCVET) has officially recognized the Indian National Space Promotion and Authorization Center (IN-SPACe) as an Awarding Body (Dual). It was established by the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India in 2018, as a regulatory body, aimed […]

Indian government bond yields : Study Indian government bond yields witnessed a significant decline, with the 10-year benchmark yield dropping to its lowest level since 2021.This shift is attributed to rising optimism about the Reserve Bank of India (RBI) potentially easing interest rates in its upcoming monetary policy review.

World Bank Approves $188.28 Million Loan for Maharashtra’s Backward Districts: The World Bank has approved a $188.28 million loan to Maharashtra aimed at boosting economic growth in the state’s underdeveloped districts. This loan, provided by the International Bank for Reconstruction and Development (IBRD), comes with a 15-year maturity period, including a five-year grace period. The […]

OECD Raises India’s FY25 Growth Forecast to 6.8%: The Organisation for Economic Co-operation and Development (OECD) has upgraded India’s GDP growth forecast for FY25 to 6.8%, up from 6.7%, citing robust public infrastructure spending, strong private consumption, and recovery in agricultural output. This growth momentum is expected to be sustained through FY25 and FY26, with […]

International Social Security Association: The Employees’ State Insurance Corporation (ESIC) has been awarded one certificate of merit with special mention from the jury for its mobile application (Ask An Appointment – AAA+) at the Regional Social Security Forum for Asia and the Pacific (RSSF Asia-Pacific), organized by the International Social Security Association (ISSA) in Riyadh, […]

Morgan Stanley Cuts India’s FY25 GDP Growth to 6.3%: Morgan Stanley has revised India’s GDP growth projection for FY25 down to 6.3%, from its previous estimate of 6.7%. This downward revision comes after India’s GDP growth slowed to 5.4% in the July-September 2024 quarter, marking its lowest level since March 2023. This reflects a broader […]

SEBI Fines Reliance Securities ₹9 Lakh for Rule Violations: SEBI (Securities and Exchange Board of India) has imposed a ₹9 lakh penalty on Reliance Securities Ltd (RSL) for breaching stock broker norms and market regulations following an inspection. The action was triggered after a review of RSL’s records and documents by SEBI, NSE, and BSE […]

RBI Increases UPI Lite Wallet and Transaction Limits: The Reserve Bank of India (RBI) has raised the UPI Lite wallet limit to Rs 5,000, with an increase in the per-transaction limit to Rs 1,000. This adjustment, announced after the RBI’s Monetary Policy Committee (MPC) meeting on October 9, 2024, aims to promote wider adoption of […]

US Approves $1.17 Billion Deal for Indian Navy Chopper Equipment: The outgoing Biden administration has approved a $1.17 billion deal under the Foreign Military Sales (FMS) program to supply advanced communication systems, sensors, and logistical support for the Indian Navy’s Sikorsky MH-60R multi-role helicopters. The deal, part of a broader strategy to counter challenges in […]

NSIC Pays Record Dividend of Rs. 37.97 Crore for FY 2023-24: The National Small Industries Corporation Limited (NSIC), a Mini Ratna enterprise under the Ministry of MSME, achieved a milestone by paying its highest-ever dividend of Rs. 37.97 crore to the Government of India for the financial year 2023-24. Chairman-cum-Managing Director, Dr. Subhransu Sekhar Acharya, […]