Category: Economics Current Affairs

SPICED Scheme to Boost Spice Exports and Productivity: The Spices Board of India has introduced the SPICED scheme, a strategic initiative to enhance spice exports and productivity. This scheme, officially named ‘Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development,’ will be implemented throughout the remainder of the 15th Finance Commission […]

GST Bhawan at Udaipur: Union Finance Minister Nirmala Sitharaman inaugurated the new GST Bhawan in Udaipur, located in the Hiran Magri area. The inauguration ceremony included Vedic chanting and the unveiling of the plaque to officially open the complex.

PROMPT, DRIPS And JALVIDYUT : Union Minister Of Power The Union Minister of Power has launched 3 online platforms – PROMPT, DRIPS and JALVIDYUT DPR to enhance the efficiency, transparency, and effectiveness of the power sector. The Central Electricity Authority (CEA) assisted by NTPC has developed these online portals. Portal for Online Monitoring of Projects-Thermal […]

Nestlé Announces Laurent Freixe to Succeed Mark Schneider as CEO: Nestlé, the global food and beverage giant, has announced a pivotal change in its top leadership. This transition comes at a crucial time for the company as it navigates through various market challenges.

Bandhan Bank Launches Avni Savings Account for Women: Bandhan Bank, celebrating its Foundation Day, introduced Avni, a savings account tailored specifically for women. This launch is accompanied by the Bandhan Bank Delights loyalty program, designed to offer rewards, discounts, and exclusive benefits.

Replenishment Of Balances In FASTag: The Reserve Bank of India (RBI) has updated its e-mandate framework to include the auto-replenishment of balances in FASTag and the National Common Mobility Card (NCMC). Under the new rules, these auto-replenishment transactions, which occur when balances fall below a customer-defined threshold, will no longer require a pre-debit notification.

Goldman Sachs Lowers India’s 2024 and 2025 GDP Growth Forecasts: Goldman Sachs has revised India’s GDP growth forecasts for 2024 and 2025, anticipating slower expansion due to reduced government expenditure and other economic factors. The bank now projects a growth rate of 6.7% for 2024 and 6.4% for 2025, down by 20 basis points each […]

Tata Power Solar Systems Ltd: Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers. As part of the agreement, the customers can avail themselves of loans up to Rs 90 lakh with collateral-free options and tenure extending up to 5 […]

GoI Approves Unified Pension Scheme for Government Employees: To enhance retirement benefits for government employees, the Union Cabinet on Saturday approved the Unified Pension Scheme (UPS). This new scheme is set to benefit approximately 23 lakh government employees and will serve as an alternative to the existing National Pension System (NPS).

RBI Governor Secures: Prime Minister of India recently congratulated Reserve Bank of India (RBI) Governor Shaktikanta Das for receiving an ‘A+’ rating in the Global Finance Central Banker Report Cards 2024, marking his second consecutive achievement of this high honour. Shaktikanta Das is one of only three central bankers globally to receive an “A+” rating, […]