Category: Economy

The Government of India has notified the National Bank for Financing Infrastructure and Development (NaBFID) as a public financial institution under the Companies Act.

The Union Cabinet has approved the proposal of Ministry of Heavy Industries (MHI) for implementation of scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ for promotion of electric mobility in the country.

The Union Cabinet has approved the “PM-eBus Sewa-Payment Security Mechanism (PSM) Scheme.”

The Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) has successfully completed five years of providing social security to land-holding small and marginal farmers (SMFs) across the country. About Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)

Union Bank of India on 9 September announced its decision to become a signatory to the Partnership for Carbon Accounting Financials (PCAF). Partnership for Carbon Accounting Financials (PCAF)

In its latest India Development Update (IDA), the World Bank has raised India’s 2024-25 GDP growth forecast for the economy to 7%, from 6.6% estimated earlier this year.

The Deposit Insurance and Credit Guarantee Corporation (DICGC) has launched an online tool Daava Soochak for depositors to track their claim status. Deposit Insurance and Credit Guarantee Corporation (DICGC)

The SBI Foundation has launched the 3rd edition of its Asha Scholarship Program, supporting 10,000 meritorious students from underprivileged backgrounds.

Odisha Chief Minister Mohan Charan Majhi on 6 September graced the ground-breaking ceremony of India’s first silicon carbide manufacturing facility to be set up in Odisha at an investment of Rs 620 crore.

Union Agriculture Minister Shivraj Singh Chouhan on 3 September launched the AgriSURE scheme in New Delhi. Key points

The Union Cabinet Committee approved the Digital Agriculture Mission with an outlay of Rs. 2817 Crore, including the central share of Rs. 1940 Crore. (Updated on 4 September 2024)

India has recorded trade surplus with as many as 151 countries, while the country has a trade deficit with 75 nations during the first half of this year (2024), according to think tank GTRI.

Prime Minister Narendra Modi laid the foundation stone for Vadhvan Port on 30 August 2024. Key points

The Union Finance Minister on 30 August approved the upgradation of four Central Public Sector Enterprises (CPSEs) to a Navratna status. About Navratna scheme