State Bank of India (SBI) has been recognized as the Best Bank in India for 2024: State Bank of India (SBI) has been awarded the title of Best Bank in India for 2024 by Global Finance Magazine during its 31st Annual Best Bank Awards, held in Washington, coinciding with the Annual Meetings of the IMF […]
Category: Economics Current Affairs
Mudra loans
Mudra loans: The government has doubled the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) from Rs 10 lakh to Rs 20 lakh, introducing a new ‘Tarun Plus’ category. This change, announced by Finance Minister Nirmala Sitharaman in her July 2024 Budget speech, aims to promote entrepreneurship and support emerging business owners. […]
National Institute of Public Finance and Policy
National Institute of Public Finance and Policy: The National Institute of Public Finance and Policy (NIPFP) has revised its growth forecast for India to 6.9-7.1% for FY25, citing a notable moderation in growth during the June quarter. This slowdown is attributed to a significant contraction in net exports and reduced government consumption due to the […]
Amitabh Chaudhry Managing Director and Chief Executive Office Of Axis Bank
Amitabh Chaudhry Managing Director and Chief Executive Office Of Axis Bank: Axis Bank has officially announced the re-appointment of Amitabh Chaudhry as its Managing Director and Chief Executive Officer for a new three-year term, effective from January 1, 2025, to December 31, 2027. Key Points Approval Timeline The re-appointment was approved by shareholders during the […]
SBI Raises ₹5,000 Crore via AT-1 Bonds at 7.98%
SBI Raises ₹5,000 Crore via AT-1 Bonds at 7.98%: State Bank of India (SBI) successfully raised ₹5,000 crore through the issuance of Additional Tier-I (AT-I) bonds, marking its first issuance for the current financial year. The bonds, which carry a coupon rate of 7.98%, are aimed at strengthening the bank’s capital base and comply with […]
Launch of Bharat Chana Dal Phase II by Union Minister Pralhad Joshi
Launch of Bharat Chana Dal Phase II by Union Minister Pralhad Joshi: Union Food and Consumer Affairs Minister Shri Pralhad Joshi has launched the retail phase of Bharat Chana Dal Phase II in Delhi-NCR, marking a significant step in the government’s commitment to provide essential food items at affordable prices. This initiative includes flagging off […]
HDFC Life has received dual recognition from Avtar and Seramount for its strong commitment to Diversity, Equity, and Inclusion .
HDFC Life has received dual recognition from Avtar and Seramount for its strong commitment to Diversity, Equity, and Inclusion : HDFC Life, a prominent player in India’s insurance sector, has earned dual accolades for its commitment to Diversity, Equity, and Inclusion (DEI) by Avtar and Seramount. Recognised among the Best Companies for Women in India […]
Di-Ammonium Phosphate : Shortage
Di-Ammonium Phosphate : Shortage A shortage of di-ammonium phosphate (DAP), a key fertiliser required at the time of sowing, is undermining crop production prospects for the current rabi season. DAP sales in India during April-September 2024 dropped to 45.72 lakh tonnes, a 27.2% decline from 62.83 lakh tonnes in 2023, signalling reduced availability for farmers […]
Bima Sugam
Bima Sugam: Bima Sugam, an ambitious digital insurance platform developed under the Bima Trinity initiative by the Insurance Regulatory and Development Authority of India (IRDAI), is poised for launch. It is developed by the Insurance Regulatory and Development Authority of India (IRDAI), under the Ministry of Finance.
Paytm Receives NPCI Nod to Onboard New UPI Users After RBI Restrictions
Paytm Receives NPCI Nod to Onboard New UPI Users After RBI Restrictions: Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users, ending a nine-month embargo imposed by the Reserve Bank of India (RBI). This decision is expected to increase Paytm’s UPI transaction volumes and boost its market […]
