Category: Economics Current Affairs

Maharashtra Adopts Unified Pension Scheme Ahead of Assembly Polls: Maharashtra has become the first state to adopt the Unified Pension Scheme (UPS) for its employees, just hours after the central government introduced the scheme. This decision is poised to benefit approximately 13.5 lakh state employees across various sectors

Unified Lending Interface: Positioned as a platform to transform the lending space, the Reserve Bank of India (RBI) is currently running a pilot of the Unified Lending Interface (ULI). Unified Lending Interface (ULI) is a technological platform that aims to provide a friction-less credit by cutting down the time taken for appraisal, especially for rural […]

MUDRA 2.0 Loans: The Union Budget 2024 has increased the loan limit under the scheme’s Tarun category to Rs 20 lakh, targeting those who have successfully repaid previous MUDRA loans. Pradhan Mantri Mudra Yojana (PMMY) is a flagship initiative by the Government of India that was launched in 2015 and aimed at providing affordable credit […]

SPICED Scheme to Boost Spice Exports and Productivity: The Spices Board of India has introduced the SPICED scheme, a strategic initiative to enhance spice exports and productivity. This scheme, officially named ‘Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development,’ will be implemented throughout the remainder of the 15th Finance Commission […]

GST Bhawan at Udaipur: Union Finance Minister Nirmala Sitharaman inaugurated the new GST Bhawan in Udaipur, located in the Hiran Magri area. The inauguration ceremony included Vedic chanting and the unveiling of the plaque to officially open the complex.

PROMPT, DRIPS And JALVIDYUT : Union Minister Of Power The Union Minister of Power has launched 3 online platforms – PROMPT, DRIPS and JALVIDYUT DPR to enhance the efficiency, transparency, and effectiveness of the power sector. The Central Electricity Authority (CEA) assisted by NTPC has developed these online portals. Portal for Online Monitoring of Projects-Thermal […]

Nestlé Announces Laurent Freixe to Succeed Mark Schneider as CEO: Nestlé, the global food and beverage giant, has announced a pivotal change in its top leadership. This transition comes at a crucial time for the company as it navigates through various market challenges.

Bandhan Bank Launches Avni Savings Account for Women: Bandhan Bank, celebrating its Foundation Day, introduced Avni, a savings account tailored specifically for women. This launch is accompanied by the Bandhan Bank Delights loyalty program, designed to offer rewards, discounts, and exclusive benefits.

Replenishment Of Balances In FASTag: The Reserve Bank of India (RBI) has updated its e-mandate framework to include the auto-replenishment of balances in FASTag and the National Common Mobility Card (NCMC). Under the new rules, these auto-replenishment transactions, which occur when balances fall below a customer-defined threshold, will no longer require a pre-debit notification.

Goldman Sachs Lowers India’s 2024 and 2025 GDP Growth Forecasts: Goldman Sachs has revised India’s GDP growth forecasts for 2024 and 2025, anticipating slower expansion due to reduced government expenditure and other economic factors. The bank now projects a growth rate of 6.7% for 2024 and 6.4% for 2025, down by 20 basis points each […]