Category: Economics Current Affairs

General Provident Fund : In News A division bench of the Madras High Court recently upheld the Central Administrative Tribunal’s orders granting pension rights under the General Provident Fund (GPF) scheme to retired Kendriya Vidyalaya teachers. General Provident Fund (GPF) is a savings scheme introduced in 1960 that is available only for government employees in […]

Agricultural Policy Monitoring And Evaluation 2024 Report: The Organisation for Economic Co-operation and Development (OECD) in its Agricultural Policy Monitoring and Evaluation 2024 report highlighted that India implicitly taxed its farmers USD 120 billion in 2023, the highest among 54 countries. This is a result of government policies like export bans and duties, which aim […]

National Technical Textiles Mission: In News The Ministry of Textiles has approved 12 research projects under the National Technical Textiles Mission (NTTM) increasing the total number of approved research projects to 168.The research projects were approved across key strategic areas of geotextiles, sustainable and smart textiles etc.NTTM is an initiative of the Ministry of Textiles […]

Anti-Dumping Duty on Epichlorohydrin Imports: India recently imposed an Anti-Dumping(AD) duty of up to USD 557 per tonne on Epichlorohydrin imports from China, Korea, and Thailand to protect domestic industries from cheap imports.Epichlorohydrin, a colourless liquid with a strong garlic-like odour, is used in producing glycerol, elastomers, adhesives, and as a solvent for resins, paints, […]

Domestic Systemically Important Banks: The Reserve Bank of India (RBI) on Wednesday retained the State Bank of India, HDFC Bank and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). The RBI had first announced the framework dealing with D-SIBs in 2014.

Arvindar Singh Sahney has been appointed as the new chairman of Indian Oil Corporation (IOC): Arvindar Singh Sahney has been appointed as the new chairman of Indian Oil Corporation (IOC), the nation’s largest oil firm, as per an order from the petroleum ministry on 13th November. Sahney, 54, currently serves as the Executive Director of […]

India’s Industrial Output Grows 3.1% in September 2024: India’s industrial production recorded a growth of 3.1% in September 2024, marking a significant rebound from the 0.1% contraction in August. This growth is attributed to a strong performance in manufacturing, alongside modest increases in electricity generation and mining. However, compared to the same month last year, […]

ADB Approves $200 Million Loan for Uttarakhand Livability Improvement Project: The Asian Development Bank (ADB) has approved a $200 million loan to enhance the urban infrastructure and climate resilience of Uttarakhand under the Uttarakhand Livability Improvement Project. This initiative aligns with both the Government of India’s urban development agenda and the state’s efforts to provide […]

Hindalco Tops Global Sustainability Rankings for 5th Year: Hindalco Industries Ltd., the metals arm of the Aditya Birla Group, has secured the top position as the world’s most sustainable aluminium company for the fifth consecutive year, according to the 2024 S&P Global Corporate Sustainability Assessment (CSA) rankings. The company earned a total score of 87 […]