Category: Economics Current Affairs

Goa has been declared fully functionally literate: Goa has been declared fully functionally literate under the Ministry of Education’s ULLAS (Understanding of Lifelong Learning for All in Society)-Nav Bharat Saaksharta Karyakram programme, also known as the New India Literacy Programme (NILP).While Goa’s literacy rate was 93.60% as per PLFS 2023–24, a state-level ULLAS survey confirmed […]

World Accreditation Day 2025: The Quality Council of India (QCI) celebrated World Accreditation Day (WAD) 2025 on 9th June to highlight the role of accreditation in trade and economy, with the theme “Accreditation: Empowering Small and Medium Enterprises (SMEs)”. QCI also launched the revamped NABL Portal and Gunvatta Samarpan Initiative to enhance digital accreditation access […]

SBI Pays ₹8,076.84 Crore Dividend to Government for FY25: The State Bank of India (SBI), the country’s largest public sector lender, has paid a dividend of ₹8,076.84 crore for the financial year 2024-25. The dividend cheque was formally handed over to Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty on Monday, underscoring the bank’s […]

Thomas Cook Partners with Muthoot Forex to Expand Payment Network: Thomas Cook (India) Limited has joined hands with Muthoot Forex, part of the well-known Muthoot Group, to make its travel and student forex cards available across India. This partnership uses Muthoot’s wide network of over 7,000 branches, including 43 specialized forex branches, to reach customers […]

World Economic Situation and Prospects-2025: India’s GDP growth forecast for 2025 has been revised down to 6.3%, from the previous projection of 6.6%, in the mid-2025 update of the “World Economic Situation and Prospects” (WESP) report. The report is released by the United Nations Department of Economic and Social Affairs , in collaboration with UNCTAD […]

Unnat Bharat Abhiyan: The Ministry of Education’s Unnat Bharat Abhiyan (UBA) completes a decade, redefining the role of higher education in rural development.UBA (2014) aims at bringing transformational change in rural India by leveraging the resources of higher educational institutions (HEIs) to solve local development challenges through sustainable and inclusive practices. UBA is crucial because […]

The World Bank Revised the Global Poverty Line: The World Bank revised the global poverty line to $3/day (PPP 2021) from $2.15/day (PPP 2017) based on updated price data and survey methods. A poverty line defines the minimum daily spending needed for basic needs like food, clothing, and shelter. The global poverty line is adjusted […]

Part-time Member of the 16th Finance Commission: Shri T. Rabi Sankar, Deputy Governor of RBI, has been appointed as a part-time Member of the 16th Finance Commission (XVIFC) following the resignation of Shri Ajay Narayan Jha. Finance Commission is a constitutional body constituted under Article 280 of the Indian Constitution. It recommends the distribution of […]

Loan-to-Value (LTV) Ratio: Providing relief to small borrowers, the Reserve Bank of India (RBI) recently increased the loan-to-value (LTV) ratio for gold-backed loans up to ₹5 lakh. Recent RBI Changes to Loan-to-Value (LTV) Ratio for Gold-Backed Loans: RBI has increased the LTV ratio from 75% to 85% for gold loans of up to Rs 2.5 […]

Amit Shah Launches Bharatiya Bhasha Anubhag: Union Home Minister Amit Shah inaugurated the Bharatiya Bhasha Anubhag (BBA), or Indian Languages Section, in New Delhi. This initiative is aimed at reducing the dominance of foreign languages, especially English, in India’s administrative functioning and promoting the use of mother tongues in decision-making and official communication. The move […]