Category: Economics Current Affairs

IDFC FIRST Bank Launches Real-Time International Money Transfer Tracking: IDFC FIRST Bank, in partnership with Swift, has introduced a groundbreaking real-time tracking service for international money transfers. Available on its award-winning mobile app and internet banking platforms, this service positions IDFC FIRST Bank as the first Indian bank to offer end-to-end traceability for cross-border payments. […]

Union Minister Dr. Virendra Kumar Launches ‘Shilp Samagam Mela 2024’ and Unveils ‘TULIP’ Platform: The Union Ministry of Social Justice and Empowerment inaugurated the ‘Shilp Samagam Mela 2024’ with a grand opening at Dilli Haat, New Delhi. Organized by key Corporations under the Ministry, including the National Scheduled Castes Finance and Development Corporation (NSFDC), National […]

SBI Mutual Fund : In News SBI Mutual Fund (SBI MF) has made headlines by becoming the first fund house in India to surpass the ₹10 lakh crore mark in assets under management (AUM), reaching ₹10.99 lakh crore in the September quarter, a notable increase from ₹9.88 lakh crore in June. This achievement places SBI […]

National Stock Exchange of India (NSE) has launched its official mobile app: On the occasion of Diwali and to mark its 30th anniversary, the National Stock Exchange of India (NSE) has launched its official mobile app, NSEIndia, and expanded its corporate website to support a total of 12 languages. This initiative aims to create a […]

Canara Bank is setting a significant target for loan recovery: State-owned Canara Bank is setting a significant target for loan recovery, aiming to recoup approximately ₹6,000 crore from bad loans in the second half of the current fiscal year (H2 FY25). This strategic goal reflects the bank’s ongoing efforts to improve asset quality while building […]

Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Small and Medium REITs (SM REITs): The Securities and Exchange Board of India (SEBI) has introduced a range of proposed changes for Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Small and Medium REITs (SM REITs) aimed at enhancing market flexibility and investor […]

Indian Council of Social Science Research : Implementation of the 7th Central Pay Commission revised pay scales Faculty and staff members from Indian Council of Social Science Research (ICSSR) institutions have written to the Minister of Education expressing concern over the delay in implementation of the 7th Central Pay Commission revised pay scales. Indian Council […]

Sendai Framework For Disaster Risk Reduction 2015-2030: India is committed to the Sendai Framework for disaster risk reduction, the Prime Minister’s Principal Secretary said recently, while calling for increased international collaboration to enhance disaster resilience. Sendai Framework for Disaster Risk Reduction 2015-2030 was the first major agreement of the post-2015 development agenda and provides member […]

DBS Bank India has been named one of the ‘Best Companies for Women in India’ (BCWI) for the ninth consecutive year: DBS Bank India has been recognized as one of the ‘Best Companies for Women in India’ (BCWI) 2024 for the ninth consecutive year, an honor it shares as a member of the “Best Companies […]

UPI Transactions Reach Record High in October with Rs 23.5 Trillion in Value: India witnessed a record-breaking surge in digital transactions, propelled by the Unified Payments Interface (UPI), Immediate Payment Service (IMPS), FASTag, and the Aadhaar Enabled Payment System (AePS). The increased adoption of these platforms highlights India’s ongoing shift towards digital payment solutions, driven […]