Category: Economics Current Affairs

Cabinet Approves 2% Hike in DA for Government Employees: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a 2% increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. This hike, effective from January 1, 2025, raises the DA from 53% to 55% of Basic Pay/Pension, benefiting approximately […]

HDFC Bank Embassy Fixed Deposit: HDFC Bank has outlined the details of its Embassy Deposits, which are exclusively available to diplomats, non-diplomatic staff, and diplomatic missions. These deposits are Foreign Currency (FCY) Term Deposits, currently available only in USD (United States Dollar). The latest update specifies the minimum deposit amount, interest rates, and renewal policies […]

JSW Steel Becomes the World’s Highest-Valued Steelmaker with Over $30 Billion Market Capitalisation: JSW Steel, led by Sajjan Jindal, has achieved a remarkable milestone by becoming the world’s highest-valued steel manufacturer, surpassing US-based Nucor Corp. The company’s market capitalisation crossed the $30 billion mark, driven by strong stock performance and government recommendations aimed at protecting […]

Baalpan ki Kavita initiative: The Ministry of Education has launched the “Baalpan ki Kavita initiative” to restore and promote Indian rhymes and poems for young children. It is a national initiative to compile nursery rhymes and poems in all Bhartiya Bhasha and English focusing on culturally relevant themes for young children.Launched by the Department of […]

Equalization Levy: The central government has proposed to abolish the Equalisation Levy, or digital tax, on online advertisements, aiming to benefit advertisers on platforms like Google and Meta. The Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactionse. the income accruing to foreign e-commerce companies from India. It […]

IndusInd Bank reported derivative losses of ₹2,100 crore on March 10, 2025, leading to a 23% decline in its share price: Financial contracts whose value depends on an underlying asset, index, or rate . It is Used for hedging risks, speculation, and portfolio diversification. Common underlying assets: Stocks, bonds, commodities, currencies, interest rates, and market […]

India recently has imposed anti-dumping duty on five Chinese goods: India recently has imposed anti-dumping duty on five Chinese goods, including vacuum flasks and aluminium foil.Anti-Dumping Duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process wherein a company […]

Indonesia to Join New Development Bank: A Strategic Move Towards Economic Growth Indonesia has announced its decision to join the New Development Bank (NDB), a multilateral financial institution established by the BRICS nations. President Prabowo Subianto made this declaration during a meeting with NDB President and former Brazilian President Dilma Rousseff. This move is expected […]