The Union Cabinet on 9 August approved the Clean Plant Programme (CPP) under Mission for Integrated Development of Horticulture proposed by the Ministry of Agriculture and Farmers Welfare. The programme has been approved with an investment of Rs.1,765.67 crore. This Read More …
Category: Economy
President Murmu accorded the Grand Collar of Order of Timor Leste
President Droupadi Murmu was accorded the Grand Collar of Order of Timor Leste, the highest civil award by President José Ramos Horta at the Presidential Palace in Dili. President Murmu held meetings with President Horta and Prime Minister Gusmão on Read More …
Yen Carry Trades
On August 5, major stock markets across the world experienced their sharpest decline in decades. According to the market watchers, one of the causes behind the market mayhem was the yen carry trade.
Govt approves 8 national high-speed road corridor projects
The Central Government on 2 August approved eight important National High-Speed Road Corridor Projects of length 936 km at a total cost of Rs. 50,655 Crore to improve logistics efficiency, reduce congestion and enhance connectivity across the country.
World Development Report 2024
The World Bank has released its flagship World Development Report 2024 on 1 August 2024. Key highlights of report
Fully Accessible Route (FAR)
The Government of India and the Reserve Bank of India (RBI) have excluded long-term government bonds with 14-year and 30-year tenors from the Fully Accessible Route (FAR). The decision was taken amid speculation about more unrestricted inflows by foreign portfolio Read More …
India is the 2nd Largest Aluminium Producer in the World
As per provisional data, in the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April-June) posted a growth of 1.2% over the corresponding period last year, increasing to 10.43 lakh ton (LT) in FY 2024-25 (April-June) from 10.28 LT Read More …
USA overtook UAE as India’s second largest LNG supplier in 2023
The US displaced the UAE to emerge as India’s second largest supplier of liquefied natural gas (LNG) in 2023, accounting for 3.09 million tonnes (MT). LNG is emerging as a substitute fuel in the transition towards green energy. Experts attributed Read More …
RBI’s master direction on wilful and large defaulters.
The Reserve Bank of India (RBI) on 30 July 2024 issued a master direction to address the issues of identification and treatment of wilful and large defaulters. Key points
RBI issued draft guidelines on higher Liquidity Coverage Ratio (LCR)
RBI has issued draft guidelines on Liquidity Coverage Ratio (LCR). The regulator has asked banks to set aside a higher stock of liquid securities as a buffer on deposits amidst risk involving increased use of technology to transfer funds.
Indexation in calculating long-term capital gains (LTCG)
In the Union Budget 2024, the finance minister has made an adjustment regarding the treatment of long-term capital gains (LTCG) in property transactions. Specifically, the indexation benefit has been eliminated, resulting in substantial modifications to the LTCG calculation. All about Read More …
Union Budget 2024-25: Employment-Linked Incentive (ELI)
During the Union Budget 2024-25 presentation, Finance Minister Nirmala Sitharaman announced introduced three new schemes under the Employment-Linked Incentive (ELI) as part of the Prime Minister’s package.
Union Budget 2024-25: Paid internship scheme
The Union Finance Minister introduced the paid internship scheme in the Union Budget 2024-25.
Global economic ‘soft landing’
According to a recent report, G20 draft communique sees growing chance of global economic ‘soft landing’. According to the draft communique, the G20 finance ministers and central bank chiefs gathering in Rio de Janeiro plan to flag the risks of Read More …
NPS Vatsalya
A new pension scheme named ‘Vatsalya’ has been proposed for minors by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in the Union Budget 2024-25. A contributory pension scheme, this will have contribution by parents and guardians. On Read More …