Nayi Chetna 3.0 – Pahal Badlaav Ki: Union Ministers will launch Nayi Chetna 3.0 – Pahal Badlaav Ki, a month-long campaign against gender-based violence, under DAY-NRLM to promote awareness and grassroots action.Nayi Chetna – Pahal Badlaav Ki launched By: Ministry of Rural Development under DAY-NRLM. Campaign Duration: 25th November to 23rd December 2024. Slogan: “Ek […]
Category: Economics Current Affairs
Jobs At Your Doorstep Report
Jobs At Your Doorstep Report: The Union Minister for Education along with the Minister of Labour and Employment and Youth Affairs launched a World Bank’s report titled Jobs at Your Doorstep: A Jobs Diagnostics for Young People in Six States, at an event in New Delhi. This report serves as both a diagnostic and roadmap […]
Andhra Pradesh Government Abolishes Garbage Tax
Andhra Pradesh Government Abolishes Garbage Tax: The Andhra Pradesh Legislative Assembly has approved a bill on November 21, 2024, to abolish the garbage tax introduced by the previous YSRCP government. The decision, championed by Municipal Administration Minister P. Narayana, aims to alleviate financial pressure on citizens and investigate alleged contractor benefits linked to the tax.
IndusInd Bank and UNICEF Join Forces for Climate Resilience in India
IndusInd Bank and UNICEF Join Forces for Climate Resilience in India: IndusInd Bank and UNICEF have launched a strategic initiative under the bank’s flagship CSR program, focusing on Disaster Resilient Communities and Climate Risk-Informed Efficient Administrative Systems. The collaboration aims to enhance climate-informed administrative frameworks and strengthen resilience against climate-induced disasters across five aspirational districts […]
RBI, Maldives Monetary Authority Pact to Enhance Trade with Local Currencies
RBI, Maldives Monetary Authority Pact to Enhance Trade with Local Currencies: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed a Memorandum of Understanding (MoU) to establish a framework for promoting the use of local currencies—the Indian Rupee (INR) and Maldivian Rufiyaa (MVR)—in cross-border transactions. Signed by RBI Governor Shaktikanta […]
India’s Trade Deficit
India’s Trade Deficit: According to some economists, India’s trade deficit is not a sign of weak manufacturing but reflects India’s strength in services and attractiveness as an investment destination. A trade deficit occurs when a country imports more goods and services than it exports. It represents the amount by which the value of imports […]
Central Value Added Tax (CENVAT) Credit
Central Value Added Tax (CENVAT) Credit: The Supreme Court, in a landmark judgment, has allowed telecom companies to claim Central Value Added Tax (CENVAT) credit for the installation of mobile towers and prefabricated buildings (PFBs). Central Value Added Tax (CENVAT) is tax credit system allowing manufacturers or service providers to claim a set-off on excise […]
Inflation surged in October 2024
Inflation surged in October 2024: The Ministry of Statistics & Programme Implementation (MoSPI) recently reported that the Consumer Price Index (CPI) or the retail inflation surged to 6.2% in October 2024 and the Food inflation, as per the Consumer Food Price Index (CFPI), rose to 10.87%.This marks the highest inflation rate since August 2023, surpassing […]
India’s Unemployment Rate Drops to 6.4% in July-September 2024 Quarter
India’s Unemployment Rate Drops to 6.4% in July-September 2024 Quarter: In the July-September 2024 quarter, India’s urban unemployment rate decreased to 6.4%, marking the lowest level observed in recent years. The rate has dropped from 6.6% in the previous quarter and remains consistent with the rate recorded in the same period last year. This improvement […]
SBI marked the centenary of its iconic Horniman Circle Branch
SBI marked the centenary of its iconic Horniman Circle Branch: The State Bank of India (SBI) celebrated the centenary of its iconic Horniman Circle Branch with the unveiling of a specially minted ₹100 commemorative coin by Finance Minister Nirmala Sitharaman. The event also featured the release of the 5th edition of The Evolution of the […]
