Di-Ammonium Phosphate : Shortage A shortage of di-ammonium phosphate (DAP), a key fertiliser required at the time of sowing, is undermining crop production prospects for the current rabi season. DAP sales in India during April-September 2024 dropped to 45.72 lakh tonnes, a 27.2% decline from 62.83 lakh tonnes in 2023, signalling reduced availability for farmers […]
Category: Economics Current Affairs
Bima Sugam
Bima Sugam: Bima Sugam, an ambitious digital insurance platform developed under the Bima Trinity initiative by the Insurance Regulatory and Development Authority of India (IRDAI), is poised for launch. It is developed by the Insurance Regulatory and Development Authority of India (IRDAI), under the Ministry of Finance.
Paytm Receives NPCI Nod to Onboard New UPI Users After RBI Restrictions
Paytm Receives NPCI Nod to Onboard New UPI Users After RBI Restrictions: Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users, ending a nine-month embargo imposed by the Reserve Bank of India (RBI). This decision is expected to increase Paytm’s UPI transaction volumes and boost its market […]
Freo Secures IRDAI License to Expand Insurance Offerings
Freo Secures IRDAI License to Expand Insurance Offerings: Freo, the digital finance application, has received a corporate agent license from the Insurance Regulatory and Development Authority of India (IRDAI), allowing it to offer a range of customized insurance products to its 25 million users. This initiative comes amid India’s low insurance penetration rate of approximately […]
Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms
Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms: The Reserve Bank of India (RBI) has expanded its ‘Alert List’ of unauthorized forex trading platforms by adding 13 new entities, bringing the total to 88. This list includes names of entities not authorized to deal […]
India’s Economic Growth Projected at 7-7.2% for FY25
India’s Economic Growth Projected at 7-7.2% for FY25: India’s latest Economic Outlook projects that India’s economy will grow between 7.0% and 7.2% in the fiscal year 2024-25, despite a recent slowdown where GDP expanded by only 6.7% year-on-year in Q1 of FY25. This growth is driven by favorable domestic conditions, including strong manufacturing activity, stable […]
International Workshop on the use of “Modern Technologies in Survey-Resurvey for Urban Land Records
International Workshop on the use of “Modern Technologies in Survey-Resurvey for Urban Land Records: The Ministry of Rural Development organised the International Workshop on the use of “Modern Technologies in Survey-Resurvey for Urban Land Records”. It reaffirmed the commitment of digitising land records under the Digital India Land Records Modernization Programme (DILRMP). A pilot program […]
ECI Appoints Ajay Kumar Singh as Jharkhand’s New DGP Ahead of Elections
ECI Appoints Ajay Kumar Singh as Jharkhand’s New DGP Ahead of Elections: Ajay Kumar Singh, a senior IPS officer, has been appointed as the new Director General of Police (DGP) for Jharkhand. His selection comes from a panel of three IPS officers recommended by the State Government, following the Election Commission’s order for the immediate […]
All India Rural Financial Inclusion Survey (2021-22)
All India Rural Financial Inclusion Survey (2021-22): The latest All India Rural Financial Inclusion Survey (2021-22) indicates a reversal of the declining trend in rural households’ dependence on agriculture. All India Rural Financial Inclusion Survey (2021-22): 57% of rural households were identified as “agricultural” in 2021-22, up from 48% in 2016-17. This includes semi-urban centers […]
STARS Workshop Of Education Ministry
STARS Workshop Of Education Ministry: The Ministry of Education organized a two-day Strengthening Teaching-Learning and Results for States (STARS) knowledge-sharing workshop in Bhopal, Madhya Pradesh. The workshop aimed to prepare students for future workforce challenges, focusing on the “School-to-Work Transition” and “Strengthening the Assessment System.” Under this, the role of the National Education Policy, 2020, […]
