RBI Lifts Supervisory Restrictions on Navi Finserv: The Reserve Bank of India (RBI) lifted the supervisory restrictions imposed on Navi Finserv, a non-banking financial company (NBFC) led by Sachin Bansal. This decision comes after the company took significant corrective measures to address the regulatory concerns that had led to the imposition of restrictions on October […]
Category: Economics Current Affairs
Special Assistance to States for Capital Investment (SASCI) – Development of Iconic Tourist Centres to Global Scale.
Special Assistance to States for Capital Investment (SASCI) – Development of Iconic Tourist Centres to Global Scale: The Union Government has allocated Rs 3,295 crore for the development of 40 tourism projects across 23 states under the Special Assistance to States for Capital Investment (SASCI) – Development of Iconic Tourist Centres to Global Scale.While SASCI […]
GST Collection for November
GST Collection for November: India’s Goods and Services Tax (GST) revenue rose by 8.5% to ₹1.82 lakh crore in November 2024, compared to ₹1.68 lakh crore in the same month last year. The growth is primarily driven by higher revenues from domestic transactions, with GST from domestic transactions increasing by 9.4%. This increase is significant, […]
FDI Inflows to India
FDI Inflows to India: In the July-September quarter of 2024-25, Singapore emerged as the largest source of Foreign Direct Investment (FDI) for India, contributing a significant 50% of the total inflows, which amounted to USD 13.6 billion. This marks a 43% increase in overall FDI inflows to India, reflecting a strong recovery after a period […]
Assessing Universal Basic Literacy in India
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
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
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”
“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
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
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 […]
