Category: Economics Current Affairs

Assessing Universal Basic Literacy in India: the 79th round of the National Sample Survey (NSS), conducted between July 2022 and June 2023, revealed that 95.9% of individuals in India possess basic literacy and numeracy skills.The survey assesses the literacy and basic numeracy skills of Indians aged 15–29, focusing on reading, writing, and arithmetic abilities.In rural […]

E-Daakhil Portal: The Department of Consumer Affairs recently announced the successful nationwide implementation of the E-Daakhil portal, now operational in every State and Union Territory of India. It was introduced as an inexpensive, speedy and hassle-free mechanism for filing consumer complaints. It was first launched in 2020 by the National Consumer Dispute Redressal Commission. It […]

A Book Titled ‘My Beloved Life’ By Amitava Kumar: Amitava Kumar’s My Beloved Life tells the story of Jadunath “Jadu” Kunwar, a man from a small village in Bihar, and his daughter Jugnu, as they navigate the challenges of life in a rapidly changing India. The novel explores their journeys of love, loss, and growth, […]

“India, Japan Begin First Talks on Economic Security and Trade”: The first round of the India-Japan Dialogue on Economic Security, Strategic Trade, and Technology took place in Tokyo. This important meeting focused on enhancing collaboration between the two nations in areas like economic security, supply chain resilience, and the application of emerging technologies. The dialogue […]

SBI Raises ₹50,000 Crore via Bonds in FY25: State Bank of India (SBI), the country’s largest lender, has raised ₹50,000 crore in FY25 through a series of domestic bond issuances, marking a significant milestone. This achievement highlights SBI’s strong financial position and its ongoing efforts to support economic growth and financial inclusion, particularly in underserved […]

Advertising Standards Council of India: The Advertising Standards Council of India (ASCI) released its Half-Yearly Complaints Report for 2024-25, revealing a high number of misleading and illegal ads, particularly in real estate and offshore betting. It is a voluntary self-regulatory organization of the advertising industry in India. Established in 1985, ASCI is registered as a […]

CCI Nod to Invest in Flipkart: The Competition Commission of India (CCI) has granted approval to Alphabet Inc.’s subsidiary, Shoreline International Holdings LLC, to acquire a stake in Walmart-owned Flipkart Pvt Ltd. This follows Flipkart’s May 2024 funding round, where Alphabet’s Google invested $350 million out of a total $1 billion raised. Walmart, which holds […]

Essar Group Chairman Shashi Ruia Passes Away: Shashikant Ruia, co-founder and Chairman of Essar Group, passed away at 81 after a prolonged illness. Known for his visionary leadership, Ruia played a pivotal role in shaping India’s corporate landscape and making Essar a global conglomerate. His journey from a modest family business to establishing a world-class […]

CBSE Merit Scholarship Scheme for Single Girl Child: The Central Board of Secondary Education (CBSE) has invited online applications for the single girl child merit scholarship scheme. CBSE Merit Scholarship Scheme for Single Girl Child aims to provide scholarships to meritorious female students who are the only children of their parents and have passed the […]

Urban Civic Bodies: A recent RBI report highlights challenges in municipal corporations’ revenue generation, heavy dependence on government transfers, and insufficient capacity to meet urban development demands.