Category: Economy

India has become the fourth economy in the world to surpass 700 billion US dollars in foreign reserves. India’s gross foreign exchange reserves

The central government on 1 October appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as the new external members to the Reserve Bank of India’s (RBI) monetary policy committee.

KABIL (Khanij Bidesh India Ltd), has obtained permission for carrying out non-invasive exploration in three out of the five recently acquired lithium blocks in Argentina. Key points

In pursuance of the announcement in Union Budget 2024-25, the Central Board of Direct Taxes (CBDT) has notified the Direct Tax Vivad Se Vishwas Scheme, 2024 (referred as DTVSV, 2024) to resolve pending appeals in the case of income tax Read More …

Fair trade regulator Competition Commission of India (CCI) has relaxed its rules for mergers and acquisitions, making hostile takeovers easier. Key points

The Prime Minister, Shri Narendra Modi addressed the National PM Vishwakarma Program in Wardha, Maharashtra on September 20. PM MITRA Park Acharya Chanakya Skill Development Scheme

India and South Korea have started sharing the bill of lading in an electronic transfer mode between the customs of both sides, a move that will help promote ease of doing business.

President Droupadi Murmu on September 20, 2024 batted for lac farming while taking part in the centenary celebration of the ICAR-National Institute of Secondary Agriculture (NISA) in Ranchi. About Lac

The Union Cabinet has approved the continuation of schemes of Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) to provide remunerative prices to farmers and to control price volatility of essential commodities for consumers. Key features The total financial outgo will Read More …

The Employees’ Provident Fund Organisation (EPFO) has raised the withdrawal limit from Rs 50,000 to Rs 1 lakh.

A working paper titled titled ‘Relative Economic Performance of Indian States: 1960-61 to 2023-24’ was released by the Economic Advisory Council to the Prime Minister (EAC-PM). Key points

Union Finance Minister Nirmala Sitharaman on September 18, 2024 launched the NPS Vatsalya scheme. Key features

According to a recent news report, the sharp increase in import of ammonium nitrate (AN) from Russia has hit domestic fertilizer companies which are in the process of ramping up AN capacity with investment of over Rs. 4,000 crore. About Read More …

The Secretary to the Department of Science and Technology (DST), laid the foundation stone for India’s first CO2-to-methanol pilot plant at Thermax Limited in Pune, Maharashtra. Key points About Methanol