Union Budget 2023-24: Highlights The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. Budget Estimates 2023-24: The total receipts other than borrowings are estimated at Rs 27.2 lakh crore and the total expenditure is estimated at Rs 45 lakh crore. The net tax receipts are estimated […]
Category: Economics Current Affairs
Economic Survey For 2022-23: Highlights
Economic Survey For 2022-23: Finance Minister recently tabled the Economic Survey for 2022-23 in the Lok Sabha. The Economic Survey 2022-23 highlighted that India’s economic recovery from the pandemic is complete and the economy is expected to grow in the range of 6% to 6.8% in the coming financial year 2023-24. Highlights of Economic Survey […]
World Economic Outlook 2023
World Economic Outlook 2023: The International Monetary Forum recently released the World Economic Outlook. According to the report, the Inflation in India is to reduce to 6.8% in March 2023. Further by the end of 2023, the inflation will reduce to 5%. In 2024, Indian Inflation will be 4%. The report also said that global […]
Layoff Of Employees : Reason
Layoff Of Employees: The International Business Machines Corp (IBM) has announced that it would be laying off about 3,900 employees. It is the latest in the series of Big Tech layoffs in 2022, the tech sector alone shed more than 1,50,000 employees, with several more job cuts being announced since the start of the new […]
Formation Of Three Grievance Appellate Committees
Formation Of Three Grievance Appellate Committees: The Union government notified the formation of three Grievance Appellate Committees (GACs) that will address user complaints against social media and other internet-based platforms. These panels will also be empowered to oversee and revoke content moderation-related decisions taken by these platforms. Each of the three GACs will have a […]
Study Of State Finances : RBI Report
Study Of State Finances : RBI Report The Reserve Bank of India recently released its study of state finances. The report details the financial positions of the states and also presents an analysis of states receiving GST Compensation. Tamil Nadu is one of the five states in the country to receive GST compensation. The other […]
Extended Reality (XR) Startup Program
Extended Reality (XR) Startup Program: The Ministry of Electronics & Information Technology (MeitY), and Meta have recently announced the list of 120 startups and innovators for the Extended Reality (XR) Startup Program. The XR Startup Program is a collaboration between Meta and MeitY Startup Hub (MSH). Aim is to accelerate India’s contribution towards building the […]
Halwa Ceremony
Halwa Ceremony: The ‘halwa ceremony’, which marks the final stage of the Union Budget-preparation, took place recently, at the Finance Ministry headquarters in New Delhi. ‘Halwa’ ceremony is a customary pre-Budget event that formally flags off the printing of different documents associated with the Budget and marks the final stage of the Union Budget-preparation. It […]
Information Database On Municipal Bonds : SEBI
Information Database On Municipal Bonds : SEBI Markets regulator SEBI has launched an information database on municipal bonds. Objective is to raise awareness of people; Efforts to develop the bond markets and make the process easy and streamlined. The information database contains a wide range of information in the form of statistics and regulations, circulars, […]
Additional Tier-1 (AT1) Bonds
Additional Tier-1 (AT1) Bonds: The Bombay High Court Friday quashed the write-off of Additional Tier-1 (AT1) bonds worth Rs 8,400 crore issued by Yes Bank Ltd, bringing relief to investors. These bonds are unsecured bonds that have perpetual tenors, are issued by banks and have no maturity date. They have a call option, which can […]
