Financial Action Task Force (FATF) released its Mutual Evaluation Report on India: India was found partially compliant in three areas. Non-Profit Organisations (NPOs): NPOs registered as charitable organizations and enjoying tax exemptions could be vulnerable to terror funding. The system requires better measures to address risks associated with these organisations. Politically Exposed Persons (PEPs): Ambiguities […]
Category: Economics Current Affairs
NCERT Textbook
NCERT Textbook: A chapter titled ‘Veer Abdul Hameed’ and a poem titled ‘National War Memorial’ have been included in the NCERT curriculum of Class VI.
YES BANK and Paisabazaar Launch Feature-rich ‘PaisaSave’ Cashback Credit Card
YES BANK and Paisabazaar Launch Feature-rich ‘PaisaSave’ Cashback Credit Card: Paisabazaar, India’s leading online marketplace for consumer credit and free credit score platform, has partnered with YES BANK, India’s sixth largest private sector bank, to unveil their co-branded credit card – YES BANK Paisabazaar PaisaSave Credit Card.
Real Estate Investment Trusts
Real Estate Investment Trusts: The Indian REITs Association (IRA) recently launched Data Benchmarking Institutions (DBIs) to provide investors with detailed information on real estate investment trusts (REITs).REITs are companies that own or finance income-producing real estate across a range of property sectors.It allows investors to pool their funds and invest in various real estate projects. […]
India is set to become the Third-largest Economy by 2030-31
India is set to become the Third-largest Economy by 2030-31: India is on track to become the third largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7%, the credit rating agency S&P Global said in its report called India forward Emerging Perspectives.
India Becomes 6th Largest Market in MSCI ACWI
India Becomes 6th Largest Market in MSCI ACWI: India has now become the sixth largest market in the MSCI All Country World Investable Market Index (ACWI IMI), surpassing China and narrowly behind France. As of August 2024, India’s weight in the index stands at 2.35%, surpassing China’s 2.24%, with France just 3 basis points ahead […]
India’s exports to China contracted by 22.44% to $1 billion in August
India’s exports to China contracted by 22.44% to $1 billion in August: India’s exports to China contracted by 22.44% to $1 billion in August, while overall exports declined 9% to $34.7 billion, driven by muted demand, geopolitical issues, and logistics challenges amid a massive slowdown in China.
Decline in Jute Production India
Decline in Jute Production India: Jute production is projected to decline by 20% this year due to floods in West Bengal and Assam. India produces about 70% of the world’s jute goods. West Bengal contributes about 73% of this production. 90% of jute production is consumed locally.
Anusandhan National Research Foundation
Anusandhan National Research Foundation: The first meeting of the governing board of the Anusandhan National Research Foundation (ANRF) was chaired by the Prime Minister. It focused on initiatives to enhance India’s research capabilities and establish a strong research culture across institutions. Partnerships for Accelerated Innovation and Research (PAIR), the Mission for Advancement in High-impact Areas […]
Invest India
Invest India: The Union Ministry of Commerce and Industry recently announced the Centre’s Start-up India initiative will be moved out of the aegis of Invest India to a new non-profit company that could also house the National Start-up Advisory Council. Invest India is the National Investment Promotion and Facilitation Agency of India and acts as […]
