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 […]
Category: Economics Current Affairs
International Social Security Association
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 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 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
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
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
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, […]
Global One-Stop Centres
Global One-Stop Centres: The Ministry of External Affairs’ proposal to establish nine One-Stop Centres (OSCs) has received approval from the Empowered Committee of the Ministry of Women and Child Development. These centres aim to provide comprehensive assistance to women in vulnerable situations, addressing their immediate needs and offering critical support. Out of the nine proposed […]
National Housing Bank
National Housing Bank: Aviom India Housing Finance has informed its creditors about an ongoing audit by the National Housing Bank (NHB) following the discovery of fraudulent transactions during a recent onsite supervisory inspection. National Housing Bank (NHB) is an apex agency established to promote housing finance companies (HFCs) in India. It is an All-India Financial […]
RBI Lifts Supervisory Restrictions on Navi Finserv
RBI Lifts Supervisory Restrictions on Navi Finserv: The Reserve Bank of India (RBI) lifted the supervisory restrictions imposed on Navi Finserv, a non-banking financial company (NBFC) led by Sachin Bansal. This decision comes after the company took significant corrective measures to address the regulatory concerns that had led to the imposition of restrictions on October […]
