CEO of Zurich Kotak General Insurance: Alok Kumar Agarwal has been appointed as the Managing Director and Chief Executive Officer of Zurich Kotak General Insurance, effective January 1, 2025. He succeeds Suresh Agarwal in this role. He spent 22 years at ICICI Lombard General Insurance, holding various leadership positions across corporate, SME, government, rural, crop, […]
Category: Economics Current Affairs
CII Projects 7% GDP Growth for 2025-26
CII Projects 7% GDP Growth for 2025-26: The Confederation of Indian Industry (CII) anticipates India’s Gross Domestic Product (GDP) to grow by 7% in the fiscal year 2025-26, driven by an uptick in private investments and employment generation.A recent pan-India survey by CII reveals that 75% of respondents view the current economic climate as favorable […]
Internet Governance Internship and Capacity Building Scheme
Internet Governance Internship and Capacity Building Scheme: The National Internet Exchange of India (NIXI) announced the launch of its Internet Governance Internship and Capacity Building Scheme. This program aims to build awareness and develop expertise in internet governance (IG) among Indian citizens. It will equip participants with the knowledge to effectively engage in global internet […]
Indian Sustainable Natural Rubber (iSNR) Platform
Indian Sustainable Natural Rubber (iSNR) Platform: The Rubber Board has rolled two new initiatives called iSNR (Indian Sustainable Natural Rubber) and INR Konnect. Indian Sustainable Natural Rubber (iSNR) Platform streamlines the compliance process, making it more efficient for stakeholders involved in the rubber supply chain targeting EU markets. It is designed to facilitate compliance with […]
Rupee Depreciation
Rupee Depreciation: The Indian rupee recently experienced a sharp decline in value against the US dollar after a period of relative stability.Higher domestic prices reduced the real value of the rupee. And inflation-driven production costs made Indian exports less competitive.Increased imports, particularly of crude oil, led to higher demand for foreign currencies.Persistent fiscal imbalances put […]
PRABHAAV Factbook
PRABHAAV Factbook: Union Minister of Commerce & Industry, marked the 9th Foundation Day of Startup India by launching the PRABHAAV Factbook and the Bharat Startup Challenge.The PRABHAAV Factbook is a comprehensive guide detailing the growth and achievements of India’s startup ecosystem from 2016 to 2024. Department for Promotion of Industry and Internal Trade (DPIIT), under […]
8th Pay Commission
8th Pay Commission: The Union Cabinet, chaired by Prime Minister, has approved the establishment of the 8th Pay Commission, aiming to revise the salaries of nearly 50 lakh central government employees and allowances for 65 lakh pensioners. A body established by the Central Government to review and recommend changes to the salary, allowances, and pension […]
RBI Allows Overseas Banks to Open INR Accounts
RBI Allows Overseas Banks to Open INR Accounts: The Reserve Bank of India (RBI) has authorized overseas branches of authorized banks to open Indian Rupee (INR) accounts for non-residents. This initiative aims to bolster the global use of the Indian Rupee in cross-border transactions and investments.
Vineet Joshi Takes Charge as Secretary of Higher Education
Vineet Joshi Takes Charge as Secretary of Higher Education: Shri Vineet Joshi has assumed the role of Secretary of the Department of Higher Education in the Ministry of Education, effective today at Shastri Bhawan, New Delhi. Prior to this appointment, Shri Joshi had a distinguished career in various key positions within the Indian educational sector.
The Reserve Bank of India sold a record $20.2 billion in the forex market
The Reserve Bank of India sold a record $20.2 billion in the forex market: The Reserve Bank of India (RBI) sold a record $20.2 billion in the foreign exchange market to stabilize the rupee amid significant foreign portfolio investor (FPI) outflows. This intervention increased the RBI’s net short position in the forward market to $58.9 […]
