Category: Economics Current Affairs

Diamond Imprest Licence: The Union Minister of Commerce & Industry announced the introduction of the Diamond Imprest Licence at the 40th edition of the India International Jewellery Show (IIJS) 2024 organised by the Gem & Jewellery Export Promotion Council (GJEPC). Diamond Imprest Licence allows eligible exporters to import cut and polished diamonds, including semi-processed, half-cut, […]

SBI Signed MoU With Jakson Engineers To Promote Solar Energy Adoption In India: India’s largest Public Sector Bank (PSB), State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with Jakson Engineers Limited to promote solar energy adoption across India.This strategic partnership is part of the Surya Shakti Solar Finance initiative which aims […]

Fractional Ownership Platform Property Share Received India’s 1st SM REIT License from SEBI: Property Share (PropShare Investment Manager Private Limited) became the 1st Fractional Ownership Platform (FOP) to received India’s 1st Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) under the newly notified SM […]

RBI Sets Up 10-Member Expert Committee On Benchmarking Of Its Statistics: The RBI on August 12, announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards.

PNB Launches Special Braille Debit Card For Visually Impaired Customers: Punjab National Bank (PNB) has introduced the PNB ANTAH DRISHTI Braille Debit Card, a new initiative aimed at enhancing financial accessibility for visually impaired individuals.

Fast Tracking BIMSTEC Free Trade Agreement: BIMSTEC members should re-examine the priorities of member nations with regards to trade negotiations so that the delayed Free Trade Agreement can be finalized. This was stated by Union Minister of Commerce & Industry Shri Piyush Goyal while delivering his speech at the inaugural edition of the Bay of […]

Implementation of RTE and Budget Allocation for Education: As of August 7, 2024, Punjab, Telangana, Kerala, and West Bengal have yet to implement the Right to Education (RTE) Act, 2009. Union Minister of State for Education, Jayant Chowdhary, disclosed this in the Rajya Sabha.

UPI Merchant Transactions In Nepal Cross 100000 Milestone: NPCI International Payments Limited (NIPL) has achieved a major milestone by surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal, the NIPL said in a statement. NIPL is an international arm of the National Payments Corporation of India (NPCI).    

Book Launch Spotlight: ’75 Great Revolutionaries of India’: Rajya Sabha Deputy Chairman Harivansh Narayan Singh attended the launch of ’75 Great Revolutionaries of India,’ a book by MP Bhim Singh. Singh praised the work for highlighting lesser-known freedom fighters.  

T.V. Somanathan Appointed as New Cabinet Secretary: Senior IAS Officer T.V. Somanathan has been appointed as the new Cabinet Secretary of India, succeeding Rajiv Gauba, whose term ends this month. Somanathan will begin his two-year tenure on August 30, 2024.