Category: Economy

The World Economic Forum (WEF) has released a report titled ‘Future of Jobs Report 2025.’ The report gives a peek into the major drivers expected to shape and transform the global labour market by 2030. Key Highlights from the Report Read More …

KredX, a supply chain finance platform, has received final approval from the Reserve Bank of India (RBI) to commercially launch its Trade Receivables Discounting System (TReDS) platform, branded as DTX (Domestic Trade Exchange). This makes KredX the fifth RBI-regulated TReDS Read More …

The six biggest banks in the US have all quit the global banking industry’s Net Zero Banking Alliance (NZBA). About Net Zero Banking Alliance (NZBA)

The Union Ministry of Finance has appointed justice Mayank Kumar Jain, a former Allahabad High Court judge, as a judicial member of the Securities Appellate Tribunal (SAT). About Securities Appellate Tribunal (SAT)

The Union Minister of Steel and Heavy Industries has launched the second round of the Production Linked Incentive (PLI) scheme for specialty steel, termed PLI Scheme 1.1 Key Features of PLI Scheme 1.1: Significance of PLI Scheme 1.1:

A recent study by the State Bank of India (SBI) highlights a significant milestone for India: the national poverty rate has dropped below 5%, with extreme poverty almost eradicated. Key Findings: Historical Perspective: India’s poverty reduction trajectory has accelerated in Read More …

Recently, the Reserve Bank of India (RBI) has implemented revised norms requiring deposit-taking housing finance companies (HFCs) to maintain higher levels of liquid assets against their deposits. About Housing Finance Companies

The State Bank of India (SBI) has introduced two innovative deposit schemes aimed at different customer segments, focusing on financial inclusion and rewarding senior citizens. Har Ghar Lakhpati Scheme A recurring deposit scheme designed to help customers accumulate savings and Read More …

The Union Minister for Commerce and Industry on January 3 released the “Logistics Ease Across Different States (LEADS) 2024” report.

The Department of Financial Services (DFS) Secretary (GoI) on January 3 launched a revamped e-auction portal ‘Baanknet’ to serve as a one-stop destination for e-auction of properties.

The Government of India has set up a working group under NITI Aayog member Ramesh Chand for revising the base year of the current series of Wholesale Price Index (WPI) to 2022-23 from 2011-12 currently. Objectives of the Revision: Differences Read More …

India is the 6th largest exporter of Textiles & Apparel in the world in 2023. The share of textile and apparel (T&A) including handicrafts in India’s total exports stands at a significant 8.21% in 2023-24. Our country has a share Read More …

The Union Ministry of Statistics and Programme Implementation has released the Household Consumption Expenditure Survey (HCES) 2023-24. The survey provides crucial insights into consumption patterns in rural and urban India. Key Findings: Implications: