IMF Report on India’s Financial System: The International Monetary Fund (IMF), in its report titled “India Financial System Stability Assessment”, has flagged concerns about the stress in Non-Banking Financial Companies (NBFCs) and its potential risks to India’s financial system. 63% of power sector loans in FY 2024 were from the three largest Infrastructure Financing NBFCs, […]
USAID Funding Cuts and Their Impact on India
USAID Funding Cuts and Their Impact on India: USAID has been a key contributor to India’s health, environmental, and technological sectors, providing $2.8 billion in aid since 2001. The US administration’s January 20, 2025, executive order aims to halt foreign aid, significantly impacting USAID-supported programs in India. A U.S. Supreme Court ruling on March 5, […]
PM Modi Conferred ‘Honorary Order of Freedom of Barbados’
PM Modi Conferred ‘Honorary Order of Freedom of Barbados’: Prime Minister Narendra Modi has been honored with the ‘Honorary Order of Freedom of Barbados’, a prestigious award recognizing his strategic leadership and assistance during the COVID-19 pandemic. Union Minister of State for External Affairs Pabitra Margherita accepted the award on his behalf at a ceremony […]
PM Modi Announces Asiatic Lion Population Estimation
PM Modi Announces Asiatic Lion Population Estimation: Prime Minister Narendra Modi chaired the seventh meeting of the National Board for Wildlife (NBWL) at Sasan, Junagadh, Gujarat. The meeting, attended by Union Minister of Environment, Forest and Climate Change Bhupender Yadav and other NBWL members, focused on critical wildlife conservation efforts, including the upcoming Asiatic lion […]
SEBI’s Total Income Rises 48% to ₹2,075 Crore in 2023-24
SEBI’s Total Income Rises 48% to ₹2,075 Crore in 2023-24: The Securities and Exchange Board of India (SEBI) recorded a 48% year-on-year growth in its total income, reaching ₹2,075 crore in FY 2023-24. The increase was primarily driven by higher earnings from fees and subscriptions. SEBI’s fee income surged significantly compared to the previous fiscal […]
SIDBI and Federal Bank Partner to Strengthen MSME Financing
SIDBI and Federal Bank Partner to Strengthen MSME Financing: The Small Industries Development Bank of India (SIDBI) and Federal Bank have signed a Memorandum of Understanding (MoU) to enhance financial support for micro, small, and medium enterprises (MSMEs). This collaboration aims to boost the MSME ecosystem by offering various financial services, including project finance, machinery […]
China Increases Defence Budget by 7.2% in 2025
China Increases Defence Budget by 7.2% in 2025: China has announced a 7.2% increase in its defence budget for 2025, continuing its efforts to modernize and expand its military capabilities. The budget, which amounts to approximately $245 billion, was revealed at the National People’s Congress (NPC), the annual legislative meeting of the country. With this […]
PhonePe Launches ‘Insuring HEROES’ Campaign for International Women’s Day 2025
PhonePe Launches ‘Insuring HEROES’ Campaign for International Women’s Day 2025: PhonePe, one of India’s leading digital payment platforms, has launched its ‘Insuring HEROES’ campaign ahead of International Women’s Day (March 8, 2025). The initiative aims to promote financial security among women by offering exclusive discounts on select term life and health insurance plans. Available on […]
HDFC Bank Signs MoU with Indian Air Force and CSC Academy; Launches Project HAKK
HDFC Bank Signs MoU with Indian Air Force and CSC Academy; Launches Project HAKK: HDFC Bank, under its Parivartan initiative, has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) and CSC Academy to launch Project HAKK (Hawai Anubhavi Kalyan Kendra). This initiative is designed to support defence pensioners, veterans, and their […]
India Ranks 4th in Global Wealth Rankings: Knight Frank’s Wealth Report 2025
India Ranks 4th in Global Wealth Rankings: Knight Frank’s Wealth Report 2025 The London-based global property consultancy firm, Knight Frank, released the 19th edition of ‘The Wealth Report 2025’, providing a comprehensive analysis of the global distribution of wealth. The report highlights the growing number of High Net-Worth Individuals (HNWIs) worldwide, with India securing the […]
