National Council of Applied Economic Research: Monthly Economic Review of the National Council of Applied Economic Research (NCAER) for August acknowledges that the domestic economy remains resilient. However, it highlighted moderation in certain high-frequency indicators, such as industrial output and core sectors’ performance in June.
Category: Economics Current Affairs
LIC Pays ₹3,662 Crore Dividend To Indian Government
LIC Pays ₹3,662 Crore Dividend to Indian Government: Life Insurance Corporation of India (LIC) presented a dividend cheque of ₹3,662.17 crore to Union Finance and Corporate Affairs Minister Nirmala Sitharaman. This follows the shareholder approval of a final dividend of ₹6 per share for 2023-24, up from ₹3 per share in the previous fiscal year
Agriculture Infrastructure Fund (AIF) Scheme
Agriculture Infrastructure Fund (AIF) Scheme: The Central Government recently expanded the scope of the Agricultural Infrastructure Fund (AIF) scheme to make it more attractive, as part of its objective to strengthen farm-related infrastructure facilities in the country. Agriculture Infrastructure Fund (AIF) Scheme is a Central Sector Schemewhich was launched in 2020. The scheme shall provide […]
Perpetual bond
Perpetual bond: Canara Bank issued India’s first Additional Tier I perpetual bonds since recent rule changes, attracting strong investor interest with a lower-than-expected coupon of 8.27%.This marks a revival in demand for these bonds, which had declined due to regulatory challenges. The Securities and Exchange Board of India’s (SEBI) recent valuation tweak, allowing mutual funds […]
Unified Lending Interface : RBI
Unified Lending Interface: RBI Governor announced that the Unified Lending Interface (ULI), designed for seamless and quick credit access, particularly for MSMEs and farmers, is currently in the pilot stage.The platform integrates diverse data sources to reduce loan appraisal times and simplify processes. It is expected to be launched nationwide soon, with the potential to […]
MD & CEO Of Shriram Capital
MD & CEO Of Shriram Capital: Shriram Capital, the holding company of the Shriram Group, has appointed Subhasri as its new Managing Director and CEO, effective 1 September. Subhasri, who previously served as Joint Managing Director, has been a key figure in the company since joining as an Officer in the NBFC business in 1991.
Ten Years Of Pradhan Mantri Jan-Dhan Yojana
Ten Years Of Pradhan Mantri Jan-Dhan Yojana: On August 28, 2024, the Pradhan Mantri Jan Dhan Yojana (PMJDY) accomplished a decade, marking a significant milestone in financial inclusion. Accounts increased from 72 crore in March 2015 to 53.13 crore by August 2024. Deposits in PMJDY accounts surged from ₹15,670 crore (March 2015) to over ₹2.31 […]
SBI Research Anticipates Q1 GDP Growth At 7.1%
SBI Research Anticipates Q1 GDP Growth At 7.1%: India’s Gross Domestic Product (GDP) is projected to grow by 7.0 per cent to 7.1 per cent in the first quarter of the fiscal year 2024-25 (Q1FY25), according to the latest SBI Ecowrap report released on August 26.
Jana Small Finance Bank Sweeps 4 Awards At ICC Emerging Asia Banking Conclave
Jana Small Finance Bank Sweeps 4 Awards At ICC Emerging Asia Banking Conclave: Jana Small Finance Bank has once again cemented its status as a frontrunner in the Indian banking industry. The bank’s commitment to excellence and innovation was recognized at the prestigious 2nd ICC Emerging Asia Banking Conclave & Awards, where it clinched four […]
Chairman of Texas Economic Development Corporation
Chairman of Texas Economic Development Corporation: Texas Governor Greg Abbott has appointed Arun Agarwal, a Dallas-based Indian-American entrepreneur, as the Chairman of the Texas Economic Development Corporation (TEDC) Board of Directors.
