Mega Textile Park: New Mega Textile Park at Dhar district will strengthen Make in India and will create new job opportunities The Parks will come up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. It is under PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme. It will offer the […]
Category: Economics Current Affairs
Annual Forex Spends Up To ₹7 Lakh Exempted From TCS
Annual Forex Spends Up To ₹7 Lakh Exempted From TCS: India will not impose a 20% tax on spending of up to 7 lakh rupees through international debit and credit cards in a financial year to eliminate any procedural uncertainties. This decision comes in response to concerns raised regarding the application of Tax Collection at […]
School To Work Transition Workshop
School To Work Transition Workshop: The Ministry of Education and the World Bank organized a workshop on School-to-Work Transition under the STARS Program. The workshop aimed to strengthen vocational education and discuss skill gap analysis in the six STARS states. The Strengthening Teaching-Learning and Results for States (STARS) Programme is a world bank aided initiative, […]
Rs 2000 Denomination : RBI
Rs 2000 Denomination : RBI The RBI has decided to withdraw the Rs 2000 denomination banknotes from circulation. On November 8 2016, the PM of India announced demonetisation, withdrawing two banknotes (Rs 500 and Rs 1000) from circulation with immediate effect. The Rs 2000 and the new Rs 500 note were introduced under (Section 26) […]
European Bank For Reconstruction And Development
European Bank For Reconstruction And Development: The European Bank for Reconstruction and Development (EBRD) recently pledged further support for war-torn Ukraine with plans to increase its capital by 3 billion-5 billion euros. European Bank for Reconstruction and Development (EBRD) is an international financial institution with the mandate to promote transition towards a sustainable, open market […]
London Interbank Offered Rate
London Interbank Offered Rate: The Reserve Bank of India (RBI) recently told banks and other regulated entities to ensure a complete transition away from the London Interbank Offered Rate (LIBOR). London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for […]
WPI Inflation Rate
WPI Inflation Rate: The WPI inflation has fallen into negative for the first time since July 2020. According to data released by the Ministry of Commerce and Industry, INFLATION RATE based on Wholesale Price Index (WPI) fell to a near three-year low of (-) 0.92 % in April, slipping into negative territory for the first […]
Greenwashing TechSprint
Greenwashing TechSprint: The Reserve Bank of India (RBI) will join 12 international regulators in the Global Financial Innovation Network (GFIN)’s first-ever Greenwashing TechSprint to develop a tool to help regulators and the market effectively tackle the risks of greenwashing in financial services. Greenwashing refers to misleading the general public into believing that companies, sovereigns or […]
Centre For Processing Accelerated Corporate Exit (C-PACE)
Centre For Processing Accelerated Corporate Exit (C-PACE): The Ministry of Corporate Affairs (MCA) has established the Centre for Processing Accelerated Corporate Exit (C-PACE) to centralize the process of striking off companies from the MCA Register. Striking off companies from the Ministry of Corporate Affairs (MCA) Register means removing defunct, non-operational, or dissolved companies from the […]
100 Days 100 Pays Campaign : RBI
100 Days 100 Pays Campaign : RBI The Reserve Bank of India (RBI) recently announced the launch of the ‘100 Days 100 Pays’ campaign on June 1. This campaign aims to trace and settle the top 100 unclaimed deposits in every bank across all districts within a span of 100 days. 100 Days 100 Pays’ […]
