Support To Students For Participating In Competitions Abroad (SSPCA) Initiative: The All India Council for Technical Education (AICTE) recently introduced a scheme named ‘Support to Students for Participating in Competitions Abroad’ (SSPCA). Support to Students for Participating in Competitions Abroad (SSPCA) is an initiative of the All India Council for Technical Education (AICTE) aimed at […]
Category: Economics Current Affairs
Guidelines On State Guarantees On Borrowings : RBI
Guidelines On State Guarantees On Borrowings : RBI A Working Group constituted by the Reserve Bank of India (RBI) has made certain recommendations to address issues relating to Guarantees extended by State governments. The Working Group constituted during the 32nd Conference of the State Finance Secretaries held in July 2022. The term Guarantee should be […]
Employees Provident Fund Organisation : Employee Rating Survey
Employees Provident Fund Organisation : Employee Rating Survey The Employees’ Provident Fund Organisation (EPFO) and the Ministry of Women and Child Development (MoWCD) have jointly launched the Employer Rating Survey to assess and encourage employers’ support for increasing women’s participation in the workforce. The employer rating survey was launched at an event “Women in the […]
Payments Bank : Restriction
Payments Bank : Restriction The Reserve Bank of India (RBI) recently imposed restrictions on Paytm Payments Bank Ltd (PPBL), following a system audit report and subsequent compliance validation report of external auditors. A payments bank is like any other bank but operates on a smaller scalewithout involving any credit risk. It was set up based […]
India’s Core Industries Performance
India’s Core Industries Performance: The combined Index of Eight Core Industries (ICI) in India exhibited a provisional growth of 3.8% in December 2023 compared to 2022. Except crude oil, all other sectors have majorly performed well. The ICI serves as a crucial metric, encompassing Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products, and […]
Interim Union Budget Of India 2024-25
Interim Union Budget Of India 2024-25: The Finance Minister, Smt. Nirmala Sitharaman delivered the Union Budget for the fiscal year 2024-25 in the new Parliament Building on February 1, 2024.This budget presentation represents her sixth consecutive budget, following those of 2019, 2020, 2021, 2022, and 2023. Highlights: Finance Minister Nirmala Sitharaman mentioned the goal of making […]
Direct Tax-GDP Ratio
Direct Tax-GDP Ratio: Direct tax-GDP ratio rose to 15-year high in FY-2023. Direct tax-to-GDP ratio, rose to a 15-year high of 6.11 per cent in the financial year 2022-23, time-series data released by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance. Tax-GDP ratio measures how much tax is collected in relation […]
GIFT IFSC
GIFT IFSC: Gujarat International Finance Tech-city (GIFT) SEZ is India’s first International Financial Services Centre (IFSC). The Government allowed the direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC. In pursuance of the announcement on July 28, 2023, by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to […]
Halwa Ceremony : Before The Annual Budget Presentation
Halwa Ceremony : Before The Annual Budget Presentation The Union Finance Minister participated in the ‘Halwa Ceremony’ recently, a tradition observed before the annual budget presentation. Halwa Ceremony is a tradition performed every year ahead of the budget and signifies the official initiation of the printing process of various documents related to the budget. It […]
National Monetization Pipeline
National Monetization Pipeline: The Centre has decided to conduct an Asset Recycling Drive under the National Monetization Pipeline (NMP), aiming to generate resources for new investments in infrastructure. The Centre’s asset recycling drive is expected to generate around Rs 1.5 trillion in the fiscal year 2024-25. Transactions with monetisation values of around Rs 0.97 trillion […]
