RBI Governor Shaktikanta Das Ranked Top Central Banker for 2nd Year: Reserve Bank of India (RBI) Governor Shaktikanta Das has been recognized as the top central banker globally for the second straight year by the US-based Global Finance magazine. He was awarded an ‘A+’ grade in the prestigious Global Finance Central Banker Report Cards 2024.
Category: Economics Current Affairs
ICICI Bank Received Approval To Raise Its Stake
ICICI Bank Received Approval To Raise Its Stake: ICICI Bank received approval from the Reserve Bank of India (RBI)to raise its stake in ICICI Lombard General Insurance Company by up to 4% in multiple tranches. The private lender currently holds a 48.01% share in ICICI Lombard.
Network Of Women In Media, India : Guidelines
Network Of Women In Media, India : Guidelines The Network of Women in Media, India (NWMI) has released guidelines to improve safety and equity in newsrooms. These guidelines address issues like poor working conditions, harassment, and unfair practices. Common issues identified include: Widespread workplace humiliation and harassment. Tolerance of abusive behaviour from senior staff, often […]
Andhra CM Inaugurates Projects and Deals Worth Rs 3,683 Crore at Sri City
Andhra CM Inaugurates Projects and Deals Worth Rs 3,683 Crore at Sri City: Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated 16 industrial projects in Sri City and signed deals worth Rs 3,683 crore. These new ventures are anticipated to generate over 15,000 jobs, underscoring the State’s commitment to accelerating industrial growth through enhanced efficiency.
China Approves $31 Billion for 11 New Nuclear Reactors Across Five Sites
China Approves $31 Billion for 11 New Nuclear Reactors Across Five Sites: China has approved the construction of 11 new nuclear reactors across five sites, with a total investment of approximately 220 billion yuan ($31 billion). This marks a record number of permits as the government intensifies its reliance on nuclear energy to reduce carbon […]
Employees’ State Insurance Corporation
Employees’ State Insurance Corporation: Shri Ashok Kumar Singh, IAS took over the charge of Director General of Employees’ State Insurance Corporation (ESIC) under Ministry of Labour & Employment, Govt. of India at its Headquarters in New Delhi on August 19.
Net FDI Rises to $6.9 Billion in Q1 FY25
Net FDI Rises to $6.9 Billion in Q1 FY25: According to the latest data from the Reserve Bank of India (RBI), net foreign direct investment (FDI) in India surged to $6.9 billion during the April-June quarter of FY25, compared to $4.7 billion in the same period last year.
Scheme For Special Assistance To States For Capital Investment 2024-25
Scheme For Special Assistance To States For Capital Investment 2024-25: The central government has earmarked financial incentives under the Scheme for Special Assistance to States for Capital Investment 2024-25 to promote land-related reforms across states. The Centre will provide states with Rs 10,000 crore in incentives for implementing land-related reforms in rural and urban areas, […]
Union Cabinet Approves Major Airport Projects in West Bengal and Bihar
Union Cabinet Approves Major Airport Projects in West Bengal and Bihar: The Union Cabinet has greenlit significant airport infrastructure projects in West Bengal and Bihar, with a total investment of approximately ₹2,962 crore. These developments are set to enhance air travel facilities and address growing passenger demand in these regions.
Windfall Tax On Petroleum Crude Oil
Windfall Tax On Petroleum Crude Oil: India has reduced the windfall tax on petroleum crude oil to Rs 2,100 per metric tonne, effective August 17, down from Rs 4,600 per tonne. This adjustment follows a previous reduction of 34.2 percent to Rs 4,600 on July 31.
