Current Affairs

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Page-20 of Economy & Banking Current Affairs

Ramesh Chand Committee Set Up to Update WPI Base Year

The Government of India has established a committee to update the base year for the Wholesale Price Index (WPI), aiming to enhance the accuracy of factory-gate inflation measures....

January 3, 2025

India Updates GDP Base Year to 2022-23

The Government of India has recently decided to update the base year for calculating Gross Domestic Product (GDP) from 2011-12 to 2022-23. This change aims to provide a...

January 3, 2025

Banks’ Profitability Rises for 6th Consecutive Year in FY24: RBI Report

Indian banks have reported improvements in their financial performance during the 2023-24 fiscal year. The Reserve Bank of India (RBI) has noted a notable decrease in bad loans...

December 30, 2024

India-Australia Trade Agreement Celebrates Two Years

The India-Australia Economic Cooperation and Trade Agreement (ECTA) has marked its second anniversary and has strengthened the economic ties between India and Australia. The Government of India aims...

December 30, 2024

BD475-2: India’s Biggest and Advanced Crawler Dozer

BEML Ltd has recently revealed the BD475-2 Dozer, marking a milestone in India’s engineering capabilities. This crawler dozer, the largest and most advanced in the country, showcases India’s...

December 30, 2024

India’s Record Coal Production in 2023-24

India’s coal production reached unprecedented levels in the fiscal year 2023-24, totalling 997.826 million tonnes. This marked an impressive increase of 11.71% from the previous year’s output of...

December 28, 2024

Surge in Bank Fraud Cases in 2024

In the financial year 2024, banks reported increase in fraud cases, with a total of 36,066 incidents, more than doubles the 13,537 cases recorded in 2023. Despite the...

December 28, 2024

North East Bankers Conclave 2024

Union Home Minister Amit Shah addressed the North East Bankers Conclave 2024 in Agartala, Tripura, which aimed to encourage financial institutions to invest in the region’s development. Importance...

December 26, 2024

Annual Survey of Unincorporated Sector Enterprises (ASUSE) by MoSPI

The Ministry of Statistics and Programme Implementation (MoSPI) has published the Annual Survey of Unincorporated Sector Enterprises (ASUSE) results for 2023-24, which captures the economic landscape of India’s...

December 26, 2024

New and Small Businesses to Get GST Registration in 3 Days

The GST Council has recently approved a proposal to streamline the registration process for new and small businesses and aims to enable registration within three working days, reducing...

December 26, 2024

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