Category: Economics Current Affairs

ADB Approves $162 Million Loan to Boost Sustainable Tourism Development: the Asian Development Bank (ADB) approved a $162 million loan to enhance tourism development in Himachal Pradesh. This funding, aimed at reviving the tourism economy in the five districts severely affected by the pandemic—Hamirpur, Kangra, Kullu, Mandi, and Shimla—will support the Sustainable and Inclusive Tourism […]

Small Savings Scheme Interest Rates Unchanged for Q3 FY25: The government has announced that interest rates on various small savings schemes, including the Public Provident Fund (PPF) and National Savings Certificate (NSC), will remain unchanged for the third consecutive quarter, starting from October 1, 2024, to December 31, 2024.

SEBI Imposes ₹12 Lakh Fine on NSE Data And Analytics for Regulatory Violations: The Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹12 lakh on NSE Data And Analytics Ltd due to multiple regulatory infractions identified during an inspection. This fine highlights ongoing concerns about compliance within financial institutions and the […]

98% of the ₹2,000 notes have been returned : RBI The Reserve Bank of India (RBI) announced that 98% of the ₹2,000 notes have been returned since their withdrawal in May 2023. This has led to the total value of the denomination in circulation dropping significantly from ₹3.56 lakh crore to ₹7,117 crore as of […]

Reconstitution Of Monetary Policy Committee: The central government has reconstituted the Monetary Policy Committee (MPC) ahead of the Reserve Bank of India (RBI) monetary policy review scheduled for October 7-9. This decision comes as part of the RBI’s mandate to maintain consumer price index (CPI) inflation within a target range of 2-6% and aims to […]

Projects worth Rs 83,700 Crore Has Been Unveiled By PM in Jharkhand: Honorable Prime Minister of India Shri. Narendra Modi unveiled the developmental projects worth Rs. 83,700 crore in Jharkhand. Including the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan for tribal development. He launched this project on the day of Gandhi Jayanti. And also laid the […]

New Norms for Handling Delayed Tax Refund Claims: The Ministry of Finance has released comprehensive guidelines to streamline the handling of delayed tax refund claims and loss carry forward applications. These guidelines aim to reduce bureaucratic delays, especially in cases where taxpayers missed filing their income tax returns (ITR) but had refunds due.

Women Entrepreneurship Platform in Telangana Launched By NITI Aayog: In a groundbreaking initiative to further strengthen the ecosystem for women entrepreneurs in Telangana, NITI Aayog, in collaboration with Telangana government, launched the first State chapter of Women Entrepreneurship Platform (WEP), with WE Hub serving as the nodal organization.