Category: Economics Current Affairs

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.

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 […]

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: 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 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: 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 […]