Canara Bank is setting a significant target for loan recovery: State-owned Canara Bank is setting a significant target for loan recovery, aiming to recoup approximately ₹6,000 crore from bad loans in the second half of the current fiscal year (H2 FY25). This strategic goal reflects the bank’s ongoing efforts to improve asset quality while building […]
Category: Economics Current Affairs
Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Small and Medium REITs (SM REITs)
Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Small and Medium REITs (SM REITs): The Securities and Exchange Board of India (SEBI) has introduced a range of proposed changes for Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Small and Medium REITs (SM REITs) aimed at enhancing market flexibility and investor […]
Indian Council of Social Science Research : Implementation of the 7th Central Pay Commission revised pay scales
Indian Council of Social Science Research : Implementation of the 7th Central Pay Commission revised pay scales Faculty and staff members from Indian Council of Social Science Research (ICSSR) institutions have written to the Minister of Education expressing concern over the delay in implementation of the 7th Central Pay Commission revised pay scales. Indian Council […]
Sendai Framework For Disaster Risk Reduction 2015-2030
Sendai Framework For Disaster Risk Reduction 2015-2030: India is committed to the Sendai Framework for disaster risk reduction, the Prime Minister’s Principal Secretary said recently, while calling for increased international collaboration to enhance disaster resilience. Sendai Framework for Disaster Risk Reduction 2015-2030 was the first major agreement of the post-2015 development agenda and provides member […]
DBS Bank India has been named one of the ‘Best Companies for Women in India’ (BCWI) for the ninth consecutive year
DBS Bank India has been named one of the ‘Best Companies for Women in India’ (BCWI) for the ninth consecutive year: DBS Bank India has been recognized as one of the ‘Best Companies for Women in India’ (BCWI) 2024 for the ninth consecutive year, an honor it shares as a member of the “Best Companies […]
UPI Transactions Reach Record High in October with Rs 23.5 Trillion in Value
UPI Transactions Reach Record High in October with Rs 23.5 Trillion in Value: India witnessed a record-breaking surge in digital transactions, propelled by the Unified Payments Interface (UPI), Immediate Payment Service (IMPS), FASTag, and the Aadhaar Enabled Payment System (AePS). The increased adoption of these platforms highlights India’s ongoing shift towards digital payment solutions, driven […]
Praveena Rai Takes the Appointed as CEO and MD of MCX
Praveena Rai Takes the Appointed as CEO and MD of MCX: Multi Commodity Exchange of India (MCX), Praveena Rai has officially taken office as Chief Executive Officer (CEO) and Managing Director (MD) on October 31, 2024, embarking on a five-year term. The appointment, announced in a statement by MCX, marks the beginning of a fresh […]
Gold Reserves : RBI
Gold Reserves : RBI India’s total gold reserves held by the Reserve Bank of India (RBI) amount to 854.73 metric tonnes, according to the central bank’s latest report. India’s Gold Reserve Status: Total Gold Reserves: 854.73 metric tonnes, with 510.46 metric tonnes held domestically and 324.01 metric tonnes stored at the Bank of England and […]
Taipei Economic and Cultural Centre (TECC)
Taipei Economic and Cultural Centre (TECC): China has expressed its opposition to the Taiwanese government establishing the Taipei Economic and Cultural Centre (TECC) in Mumbai. It is Taiwan’s third office in India, following the openings in New Delhi (1995) and Chennai (2012). In 1993, India and Taiwan set up representative offices: the India-Taipei Association in […]
Reserve Bank of India (RBI) revealed that it successfully transported an impressive 102 tonnes of gold
Reserve Bank of India (RBI) revealed that it successfully transported an impressive 102 tonnes of gold: The Reserve Bank of India (RBI) revealed that it successfully transported an impressive 102 tonnes of gold from the Bank of England to secure storage facilities in India. This strategic move was part of the RBI’s meticulous planning to […]