Employees Deposit Linked Insurance (EDLI) Scheme : Extended The Centre has decided to extend providing benefits of Employees’ Deposit Linked Insurance (EDLI) Scheme to all subscribers of Employees’ Provident Fund Organisation and their family members till further notice. EDLI is an insurance scheme that was launched by the Government in 1976. This scheme was launched […]
Category: Economics Current Affairs
FATF Tightens Grey Listing Rules with New Risk-Based Focus
FATF Tightens Grey Listing Rules with New Risk-Based Focus: The Financial Action Task Force (FATF) has introduced significant changes to its criteria for placing countries on its grey list, aiming to relieve the burden on least developed countries (LDCs) while targeting nations that pose greater risks to the international financial system.
Emerging Markets Government Bond Index (EMGBI) starting September 2025
Emerging Markets Government Bond Index (EMGBI) starting September 2025: Global index provider FTSE Russell has announced that India’s sovereign bonds will be included in its Emerging Markets Government Bond Index (EMGBI) starting September 2025. This follows similar inclusions by JP Morgan and Bloomberg Index Services, which could potentially attract billions of dollars into India’s local […]
NITI Aayog to Host International Methanol Seminar
NITI Aayog to Host International Methanol Seminar: NITI Aayog is gearing up to host the Second International Methanol Seminar and Expo 2024 on October 17-18, 2024, at the Manekshaw Centre in New Delhi. This two-day event is a significant part of India’s Methanol Economy Programme, initiated in 2016 in collaboration with the Methanol Institute, USA.
World Health Organization Obtains $1 Billion Funding for Upcoming Years
World Health Organization Obtains $1 Billion Funding for Upcoming Years: The World Health Organization secured $1 billion in pledges during a fundraising event in Berlin, marking a significant initiative to reform its funding model and enhance its ability to address global health emergencies. Pledge Breakdown New Contributions: $700 million in new pledges from European nations […]
Union Minister Inaugurates Skill Training Institute in Visakhapatnam
Union Minister Inaugurates Skill Training Institute in Visakhapatnam: To address the immediate skill gaps in Andhra Pradesh, Shri Jayant Chaudhary, Union Minister of State (Independent Charge) for the Ministry of Skill Development and Entrepreneurship, and Minister of State for the Ministry of Education, Government of India, inaugurated a new National Skill Training Institute (NSTI) extension […]
Raising of Asset Monetisation Target
Raising of Asset Monetisation Target: The NITI Aayog has increased the asset monetisation target for 2024-25 (FY25) by Rs 23,000 crore to Rs 1.9 trillion.With this, NITI Aayog moved closer to the overall Rs 6 trillion (Rs 6 lakh crore) target set under the National Monetisation Pipeline (NMP) for a four-year period (FY 2022-25).
Income Rise for Rural Households NABARD Reports 57.6% Increase
Income Rise for Rural Households NABARD Reports 57.6% Increase: A recent survey by the National Bank for Agriculture and Rural Development (NABARD) highlights a remarkable increase in the average monthly income of rural households, which rose by 57.6% over the past five years.
L Satya Srinivas Appointed CEO of GeM Portal
L Satya Srinivas Appointed CEO of GeM Portal: The Indian government has appointed L Satya Srinivas, currently serving as Additional Secretary in the Department of Commerce, as the additional CEO of the Government e Marketplace (GeM). This decision follows the recent appointment of the previous CEO, P K Singh, as secretary of the renewable energy […]
HAL Becomes 14th Maharatna Company
HAL Becomes 14th Maharatna Company: Hindustan Aeronautics Limited (HAL) has been upgraded to the status of Maharatna, making it the 14th Central Public Sector Enterprise (CPSE) to receive this prestigious classification from the Government of India.
