Category: Economics Current Affairs

Yusuf Pachmariwala Appointed as Managing Director & CEO of Hitachi Cash Management Services: Hitachi Cash Management Services (CMS), a subsidiary of Hitachi Payment Services, has officially announced the appointment of Yusuf Pachmariwala as its Managing Director & Chief Executive Officer (MD & CEO), effective April 1, 2025. He will be succeeding Anup Neogi, who has […]

Rahul Bhave Appointed as MD & CEO of IFCI: The government has approved the appointment of Rahul Bhave as the Managing Director (MD) and Chief Executive Officer (CEO) of the Industrial Finance Corporation of India (IFCI). Bhave, who previously served as Deputy Managing Director, has been appointed for a term of three years from the […]

Canara Bank Appoints S. K. Majumdar as Executive Director: Canara Bank has appointed S. K. Majumdar as its Executive Director, effective March 24, 2025. Prior to this, he served as the Chief Financial Officer (CFO) of the bank. With over 25 years of experience, Majumdar has played a vital role in various administrative and operational […]

Samagra Shiksha Abhiyan (SSA): A Parliamentary Standing Committee has urged the Education Ministry to release over ₹4,000 crore in pending Samagra Shiksha Abhiyan (SSA) funds to Tamil Nadu, Kerala, and West Bengal. The panel said it is unjustified to link SSA funding with a state’s decision to not sign the PM SHRI MoU.SSA is a […]

Kaizen Philosophy:   The Gujarat Administrative Reforms Commission (GARC) submitted its first report recommending the adoption of Kaizen, a Japanese method of continuous improvement, in government operations. Kaizen translates to “change for better” or continuous improvement. It focuses on small, consistent improvements involving all employees to improve overall system performance. Core Features of Kaizen: Continuous […]

Government to Mobilise Rs 8 Lakh Crore via Bonds in H1 of FY26: The Indian government plans to raise Rs 8 lakh crore through dated securities in the first half (H1) of the financial year 2025-26 to bridge the fiscal deficit. This is part of the total gross market borrowing of Rs 14.82 lakh crore […]

Digital Crop Survey (DCS) System: The Ministry of Agriculture and Farmers Welfare has introduced the Digital Crop Survey (DCS) System to collect real-time crop-sown details directly from the field via a mobile interface. This system enhances accuracy in crop area estimation, contributing to precise agricultural production forecasting.

Cabinet Approves 2% Hike in DA for Government Employees: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a 2% increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. This hike, effective from January 1, 2025, raises the DA from 53% to 55% of Basic Pay/Pension, benefiting approximately […]

HDFC Bank Embassy Fixed Deposit: HDFC Bank has outlined the details of its Embassy Deposits, which are exclusively available to diplomats, non-diplomatic staff, and diplomatic missions. These deposits are Foreign Currency (FCY) Term Deposits, currently available only in USD (United States Dollar). The latest update specifies the minimum deposit amount, interest rates, and renewal policies […]