World Bank Ups India’s Growth Forecast to 7% for FY25: The World Bank has revised its growth forecast for the Indian economy, increasing it to 7% for the fiscal year 2024-25, up from the earlier estimate of 6.6%. This adjustment comes despite a slowdown to 6.7% in the April-June quarter, attributed to reduced government spending […]
Category: Economics Current Affairs
RIL Becomes India’s First Company to Surpass Rs 10 Lakh Crore in Annual Revenue
RIL Becomes India’s First Company to Surpass Rs 10 Lakh Crore in Annual Revenue: Reliance Industries Limited (RIL) has made history as the first Indian company to exceed ₹10 lakh crore in annual revenue. This milestone was revealed during RIL’s Annual General Meeting (AGM) by Chairman Mukesh Ambani.
Uttar Pradesh to Invest Rs 33,500 Crore in IT and ITeS Hubs
Uttar Pradesh to Invest Rs 33,500 Crore in IT and ITeS Hubs: The Uttar Pradesh government is set to make a significant investment of approximately Rs 33,500 crore (around $4 billion) to spur growth in the Information Technology (IT) and IT-enabled Services (ITeS) sectors over the next five years.
V. Satish Kumar Takes Additional Charge as IOCL Chairman
V. Satish Kumar Takes Additional Charge as IOCL Chairman: V. Satish Kumar, the director (marketing) of Indian Oil Corporation Ltd. (IOCL), has assumed additional charge as the chairman, following the completion of Shrikant Madhav Vaidya’s tenure. Kumar, who has been with IOCL for 35 years, has held key positions across various regions and led significant […]
7th Rashtriya Poshan Maah 2024
7th Rashtriya Poshan Maah 2024: The 7th Rashtriya Poshan Maah was launched today at Mahatma Mandir, Gandhinagar, Gujarat, marking a significant step towards enhancing nutrition awareness and well-being across the nation.
GST Collections Increase by 10% to ₹1.75 Lakh Crore in August
GST Collections Increase by 10% to ₹1.75 Lakh Crore in August: In August 2024, India’s GST collections reached ₹1.75 lakh crore, marking a 10% year-on-year growth compared to ₹1.59 lakh crore in August 2023. This increase reflects robust domestic consumption and higher imports.
India Post Payments Bank (IPPB) Celebrates 7th Foundation Day
India Post Payments Bank (IPPB) Celebrates 7th Foundation Day: India Post Payments Bank (IPPB), a key player in driving financial inclusion across India, proudly marked its 7th Foundation Day on September 2, 2024. Since its nationwide launch in 2018 by Prime Minister Shri Narendra Modi, the IPPB has been instrumental in transforming India’s financial landscape.
Anti-Dumping Duty
Anti-Dumping Duty: The Union Ministry of Commerce and Industry recently recommended imposing an anti-dumping duty on aluminium foil imported from China. Anti-Dumping Duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process wherein a company exports a product at […]
RBI’s Five Strategic Priorities for India’s Financial Future
RBI’s Five Strategic Priorities for India’s Financial Future: At the Global Fintech Festival (GFF) 2024 in Mumbai, Reserve Bank of India (RBI) Governor Shaktikanta Das outlined five strategic priorities for India’s financial future, underscoring the country’s ambitious plans to establish itself as a leading global economy
Payment Passkey Service
Payment Passkey Service: Mastercard has debuted its Payment Passkey Service in India, offering a secure, non-OTP-based solution for online transactions.The Payment Passkey Service is a secure, non-OTP-based method for managing online transactions. Instead of using traditional passwords or one-time passwords (OTPs), this service relies on biometric authentication (fingerprints, facial scans) or PINs available on the […]
