Category: Economics Current Affairs

What Is Philanthropy? Through philanthropy, India can reach a per capita income of USD15,000 by India@100 by 2047, accelerating inclusive and sustainable economic growth. Philanthropy refers to charitable acts or other good works that help others or society as a whole. Philanthropy can include donating money to a worthy cause or volunteering time, effort, or […]

State Level Institution: A state level institution on the lines of NITI Aayog will be established in Maharashtra. It will help to bring drastic changes in sectors like agriculture, health, education, employment, environment etc. in the state. Chief executive officer of NITI Aayog and other experts made a presentation on how Maharashtra will be assisted […]

Direct Tax Collections: India’s net direct tax collections have crossed ₹7 lakh crore so far this year, 23.33% more than the corresponding period last year, signalling a post-pandemic rebound in the economy, the Finance Ministry said. Net direct tax collections as on Saturday stood at ₹7,00,669 crore, compared with ₹5,68,147 crore as of September 17, […]

East Asia Summit Economic Ministers Meeting: Minister of Commerce and Industry, Anupriya Patel, attended East Asia Summit Economic Ministers’ Meeting in Siem Reap City of Cambodia. The meeting saw representation from all 10 ASEAN countries as well as eight partner countries including Australia, China, India, Japan, New Zealand, South Korea, Russia and the US. The […]

Ethereum : World’s Second Most Valuable Cryptocurrency Ethereum, the world’s second most valuable cryptocurrency, has completed a significant software overhaul which promises to ramp up security of the cryptocurrency while claiming to cut down on its carbon footprint, nearly entirely. The revamp, known as ‘The Merge,’ will cast aside the need for crypto miners and […]

26th Meeting Of The Financial Stability And Development Council: The Union Minister of Finance and Corporate Affairs chaired the 26th Meeting of the Financial Stability and Development Council (FSDC). Key Highlights: The council stressed on the early warning indicators for the economy and the preparedness to deal with them, improving the efficiency of the existing […]

Automobile Industry In India: The Union Minister of Commerce and Industry addressed the 62nd Automotive Component Manufacturers Association (ACMA) Annual Session. The Theme of the session was ‘Future of Mobility – Transforming to be Ahead of Opportunity’. The ACMA is the apex body representing the interest of the Indian Auto Component Industry. Its membership of […]

BLO e-Patrika: The Election Commission of India released a new digital publication ‘BLO e-Patrika’ at an interactive session held with BLOs spread across the States in India. This event was a first-of-its-kind direct interaction by the Commission with the BLOs across the country. BLOs are the direct link of the Commission with the people. BLOs […]

Windfall Tax: Government has defended the windfall tax (applicable from July 1), as a way to rein in the “phenomenal profits” made by some oil refiners who chose to export fuel to reap the benefits of skyrocketing global prices while affecting domestic supplies. Windfall tax: The United States Congressional Research Service (CRS) defines a windfall […]

India’s Retail Inflation: India’s retail inflation resurged to 7% in August from 6.71% in July, fuelled by a 7.62% uptick in food prices paid by consumers, even as industrial output growth in July dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month on month. This is the eighth […]