Corporate Social Responsibility : In News India, the first country to mandate Corporate Social Responsibility (CSR), has seen over ₹1.84 lakh crore invested through CSR from 2014 to 2023. With agriculture employing nearly half of the workforce and contributing 16.73% to GDP, interest in directing CSR funds toward agricultural sustainability is rising. CSR involves corporate […]
Category: Economics Current Affairs
Urad And Tur Imports : Increased
Urad And Tur Imports : Increased The Indian government reported a significant increase in Urad imports from Brazil, reaching over 22,000 metric tonnes. The Ministry of Consumer Affairs highlighted Brazil’s potential as a major supplier of Urad and Tur for India, benefiting from different cropping seasons that align with India’s crop demands. Urad: Scientific name: […]
Namibia Offshore Oil
Namibia Offshore Oil: Namibia, viewed as one of the last frontiers of untapped oil potential, has recently faced challenges in its journey to becoming a prolific oil producer. Despite significant offshore discoveries in recent years, an unexpectedly high gas-to-oil ratio in these fields has created complications for oil development.
Bengaluru Unveils First Digital Population Clock at ISEC
Bengaluru Unveils First Digital Population Clock at ISEC: Bengaluru marked a milestone with the inauguration of its first digital population clock at the Institute for Social and Economic Change (ISEC). This innovative installation will display real-time population estimates for both Karnataka and the entire country, providing citizens, researchers, and policymakers with up-to-date demographic data.
Global collaborative platform for financial institutions and FinTechs : SBI
Global collaborative platform for financial institutions and FinTechs : SBI State Bank of India (SBI), in partnership with APIX—a global collaborative platform for financial institutions and FinTechs—has launched the ‘SBI Innovation Hub’ at the Singapore Fintech Festival from November 6-8, 2024. The hub provides a dedicated space for global FinTechs, startups, and innovators to create […]
Reserve Bank of India (RBI) has expanded the list of Government securities available for non-resident investment under the Fully Accessible Route
Reserve Bank of India (RBI) has expanded the list of Government securities available for non-resident investment under the Fully Accessible Route: The Reserve Bank of India (RBI) has expanded the list of Government securities available for non-resident investment under the Fully Accessible Route (FAR) by designating 10-year Sovereign Green Bonds (SGrBs) as ‘specified securities.’ These […]
Deutsche Bank has injected ₹5,113 crore
Deutsche Bank has injected ₹5,113 crore: Deutsche Bank has injected ₹5,113 crore into its Indian operations, marking its largest capital infusion into the country in recent years. This move, aimed at funding growth and expanding services across corporate, investment, and private banking, demonstrates the bank’s long-term commitment to India.
Increase in rural wages
Increase in rural wages: The Indian economy and farm sector have grown at an average annual rate of 4.6% and 4.2% respectively from 2019-20 to 2023-24 but it has not led to an increase in rural wages. Nominal Wages: From April 2019 to August 2024, rural wages grew at an average annual rate of 5.2% […]
Equity infusion of ₹10,700 crore
Equity infusion of ₹10,700 crore: The Union Cabinet approved an equity infusion of ₹10,700 crore for the Food Corporation of India (FCI) on Wednesday. This move is expected to reduce FCI’s dependency on high-interest debt for funding its large-scale food distribution efforts. It aligns with the government’s ongoing strategy to enhance food security and minimize […]
Centralised Asset Liquidation Auction Platform
Centralised Asset Liquidation Auction Platform: The Insolvency and Bankruptcy Board of India (IBBI) and Indian Banks’ Association (IBA) plans to create a centralised platform for auctioning of assets under the Insolvency and Bankruptcy Code (IBC).Auction of assets will be conducted via the eBKray platform which has been operating auctions for mortgaged assets under the SARFAESI […]
