Category: Economics Current Affairs

World Health Organization Obtains $1 Billion Funding for Upcoming Years: The World Health Organization secured $1 billion in pledges during a fundraising event in Berlin, marking a significant initiative to reform its funding model and enhance its ability to address global health emergencies. Pledge Breakdown New Contributions: $700 million in new pledges from European nations […]

Union Minister Inaugurates Skill Training Institute in Visakhapatnam: To address the immediate skill gaps in Andhra Pradesh, Shri Jayant Chaudhary, Union Minister of State (Independent Charge) for the Ministry of Skill Development and Entrepreneurship, and Minister of State for the Ministry of Education, Government of India, inaugurated a new National Skill Training Institute (NSTI) extension […]

Raising of Asset Monetisation Target: The NITI Aayog has increased the asset monetisation target for 2024-25 (FY25) by Rs 23,000 crore to Rs 1.9 trillion.With this, NITI Aayog moved closer to the overall Rs 6 trillion (Rs 6 lakh crore) target set under the National Monetisation Pipeline (NMP) for a four-year period (FY 2022-25).

Income Rise for Rural Households NABARD Reports 57.6% Increase: A recent survey by the National Bank for Agriculture and Rural Development (NABARD) highlights a remarkable increase in the average monthly income of rural households, which rose by 57.6% over the past five years.

L Satya Srinivas Appointed CEO of GeM Portal: The Indian government has appointed L Satya Srinivas, currently serving as Additional Secretary in the Department of Commerce, as the additional CEO of the Government e Marketplace (GeM). This decision follows the recent appointment of the previous CEO, P K Singh, as secretary of the renewable energy […]

HAL Becomes 14th Maharatna Company: Hindustan Aeronautics Limited (HAL) has been upgraded to the status of Maharatna, making it the 14th Central Public Sector Enterprise (CPSE) to receive this prestigious classification from the Government of India.

PM Modi’s visit to Maharashtra: Prime Minister (PM) Narendra Modi was on one-day visit to Washim and Thane in Maharashtra on 5th October, 2024. PM Modi launched several initiatives related to the agricultural and animal husbandry sector worth around Rs 23,300 crore in Washim, Maharashtra. He inaugurated over 7,500 projects under the Agriculture Infrastructure Fund […]

IFC Partners with Axis Bank to Provide USD 500 Million Loan to Fund Green Projects in India: The International Finance Corporation (IFC), private lending arm of the World Bank Group (WBG) has partnered with Axis Bank Limited, India’s leading Private Sector Bank, to provide a loan worth USD 500 million (about Rs 4,200 crore) to […]

Yuva Sangam: The Ministry of Education today launched the registration portal for the fifth phase of Yuva Sangam under Ek Bharat Shreshtha Bharat. Yuva Sangam is an initiative under the Ek Bharat Shreshtha Bharat (EBSB) program launched by the Government of India. Its primary goal is to foster cultural exchange and strengthen people-to-people connections among […]

India Launches ‘Study in India’ Campaign at UAE Education Show: India has officially launched its ‘Study in India’ campaign at the 20th International Education Show in Sharjah, aiming to attract international students to its universities. The initiative, organized by EdCIL under the Ministry of Education, is a significant step in positioning India as a global […]