National Institute of Public Finance and Policy: The National Institute of Public Finance and Policy (NIPFP) has revised its growth forecast for India to 6.9-7.1% for FY25, citing a notable moderation in growth during the June quarter. This slowdown is attributed to a significant contraction in net exports and reduced government consumption due to the […]
Category: Economics Current Affairs
Amitabh Chaudhry Managing Director and Chief Executive Office Of Axis Bank
Amitabh Chaudhry Managing Director and Chief Executive Office Of Axis Bank: Axis Bank has officially announced the re-appointment of Amitabh Chaudhry as its Managing Director and Chief Executive Officer for a new three-year term, effective from January 1, 2025, to December 31, 2027. Key Points Approval Timeline The re-appointment was approved by shareholders during the […]
SBI Raises ₹5,000 Crore via AT-1 Bonds at 7.98%
SBI Raises ₹5,000 Crore via AT-1 Bonds at 7.98%: State Bank of India (SBI) successfully raised ₹5,000 crore through the issuance of Additional Tier-I (AT-I) bonds, marking its first issuance for the current financial year. The bonds, which carry a coupon rate of 7.98%, are aimed at strengthening the bank’s capital base and comply with […]
Launch of Bharat Chana Dal Phase II by Union Minister Pralhad Joshi
Launch of Bharat Chana Dal Phase II by Union Minister Pralhad Joshi: Union Food and Consumer Affairs Minister Shri Pralhad Joshi has launched the retail phase of Bharat Chana Dal Phase II in Delhi-NCR, marking a significant step in the government’s commitment to provide essential food items at affordable prices. This initiative includes flagging off […]
HDFC Life has received dual recognition from Avtar and Seramount for its strong commitment to Diversity, Equity, and Inclusion .
HDFC Life has received dual recognition from Avtar and Seramount for its strong commitment to Diversity, Equity, and Inclusion : HDFC Life, a prominent player in India’s insurance sector, has earned dual accolades for its commitment to Diversity, Equity, and Inclusion (DEI) by Avtar and Seramount. Recognised among the Best Companies for Women in India […]
Di-Ammonium Phosphate : Shortage
Di-Ammonium Phosphate : Shortage A shortage of di-ammonium phosphate (DAP), a key fertiliser required at the time of sowing, is undermining crop production prospects for the current rabi season. DAP sales in India during April-September 2024 dropped to 45.72 lakh tonnes, a 27.2% decline from 62.83 lakh tonnes in 2023, signalling reduced availability for farmers […]
Bima Sugam
Bima Sugam: Bima Sugam, an ambitious digital insurance platform developed under the Bima Trinity initiative by the Insurance Regulatory and Development Authority of India (IRDAI), is poised for launch. It is developed by the Insurance Regulatory and Development Authority of India (IRDAI), under the Ministry of Finance.
Paytm Receives NPCI Nod to Onboard New UPI Users After RBI Restrictions
Paytm Receives NPCI Nod to Onboard New UPI Users After RBI Restrictions: Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users, ending a nine-month embargo imposed by the Reserve Bank of India (RBI). This decision is expected to increase Paytm’s UPI transaction volumes and boost its market […]
Freo Secures IRDAI License to Expand Insurance Offerings
Freo Secures IRDAI License to Expand Insurance Offerings: Freo, the digital finance application, has received a corporate agent license from the Insurance Regulatory and Development Authority of India (IRDAI), allowing it to offer a range of customized insurance products to its 25 million users. This initiative comes amid India’s low insurance penetration rate of approximately […]
Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms
Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms: The Reserve Bank of India (RBI) has expanded its ‘Alert List’ of unauthorized forex trading platforms by adding 13 new entities, bringing the total to 88. This list includes names of entities not authorized to deal […]
