Category: Economics Current Affairs

Manish Jain Appointed Executive Director at YES Bank: YES Bank announced that the Reserve Bank of India (RBI) had approved the appointment of Manish Jain as the Executive Director (Whole-Time Director) of the bank. Jain’s appointment is for a period of three years, starting from December 11, 2024, to December 10, 2027. This move follows […]

Time magazine has honored Donald Trump as its 2024 Person of the Year: Time magazine has named Donald Trump as its Person of the Year for 2024, marking the second time he has received this prestigious recognition. The decision highlights Trump’s substantial political influence, his historic comeback following his victory in the November 5 election […]

India’s GDP Growth Projections for FY25: India’s GDP growth projections for FY25 have been revised downward by multiple agencies, reflecting cautious optimism amid global and domestic challenges. CARE Ratings has lowered its FY25 GDP growth estimate from 6.8% to 6.5%, citing a contraction in corporate profitability, reduced public capital expenditure (capex), and sluggish urban consumption […]

India’s industrial output grew 3.5% in October 2024: India’s industrial output growth slowed to 3.5% in October 2024, a sharp drop from 11.9% recorded in the same month last year. The Index of Industrial Production (IIP) for October 2024 stood at 149.9, up from 144.9 in October 2023. The slowdown was driven by weaker performance […]

India’s retail inflation eased to 5.48% in November: India’s retail inflation moderated to 5.48% in November from 6.21% in October, marking a significant decline driven by easing food prices, particularly vegetables. This shift brought inflation back within the Reserve Bank of India’s (RBI) target range, raising expectations of a potential rate cut in early 2025.

The Asian Development Bank (ADB) has approved a $500 million loan to support India’s renewable energy and climate-resilient infrastructure: The Asian Development Bank (ADB) has approved a $500 million loan to support India’s efforts to expand renewable energy and build climate-resilient infrastructure. The loan is part of ADB’s ongoing commitment to help India meet its […]

SFBs to Offer UPI-Based Credit Lines: The Reserve Bank of India (RBI) has decided to permit Small Finance Banks (SFBs) to extend pre-sanctioned credit (loan) lines through the Unified Payments Interface (UPI).It aims to deepen financial inclusion and enhance formal credit, particularly for ‘new to credit’ customers.

RBI vs Centre: The RBI-government relationship has often seen conflicts over autonomy and policy. As Shaktikanta Das’ tenure as RBI Governor ends, disputes over monetary policy echo past tensions.The tenure of Reserve Bank of India (RBI) Governor Shaktikanta Das concluded in December 2024, characterized by some friction with the government towards the end of his […]

Coca-Cola has sold a 40% stake in Hindustan Coca-Cola Holdings (HCCH) to Jubilant Bhartia Group: Coca-Cola has announced a strategic partnership with Jubilant Bhartia Group, selling a 40% stake in Hindustan Coca-Cola Holdings (HCCH) for ₹12,500 crore. This move is in line with Coca-Cola’s global refranchising strategy and strengthens its presence in India, its fifth-largest […]

The Asian Development Bank (ADB) has revised India’s GDP growth forecast: The Asian Development Bank (ADB) has downgraded India’s GDP growth forecast for FY25 to 6.5% from 7% and for FY26 to 7% from 7.2%, citing weaker-than-expected industrial output, subdued public capital spending, and tight monetary policies.The slowdown in Q2FY25, where GDP growth fell to […]