Current Affairs

GK MCQs Section

Page-26 of Economy & Banking Current Affairs

US Withdrawal from OECD Global Tax Deal

Recently, shortly after taking office, US President Donald Trump issued an executive order withdrawing the United States from the OECD’s global tax deal. This agreement, designed to combat...

January 23, 2025

Diamond Imprest Authorization Scheme

On April 1, 2025, India will implement the Diamond Imprest Authorization (DIA) Scheme. The scheme is a strategic response to global beneficiation policies that require diamond manufacturers to...

January 22, 2025

European Banks and NZBA

Recent developments have seen European banks reassessing their membership in the Net Zero Banking Alliance (NZBA). This follows a wave of withdrawals by major US banks, leading to...

January 21, 2025

India’s Economic Growth Surge

India is poised to remain the fastest-growing major economy, with a projected growth rate of 6.7% for fiscal years 2026 and 2027. This growth outstrips the global average...

January 21, 2025

India’s GDP Growth Projections

Recent estimates indicate a real GDP growth of 6.4% for India in the fiscal year 2024-25, falling short of earlier predictions. This slowdown has raised concerns about the...

January 20, 2025

Rupee’s Real Effective Exchange Rate (REER)

Recently, the Real Effective Exchange Rate (REER) of the Indian rupee decreased to 107.20 from a peak of 108.14 in November. This change reflects the rupee’s ongoing volatility...

January 20, 2025

Interest Equalisation Scheme Extension

The Indian Commerce Ministry is advocating for a further extension of the Interest Equalisation Scheme (IES) in the upcoming Budget. This initiative aims to boost export activities amid...

January 18, 2025

RINL Revival Package Announced

Recently, the Government of India announced revival package for Rashtriya Ispat Nigam Ltd (RINL), a state-owned steel manufacturer facing severe financial difficulties. The ₹11,440 crore package aims to...

January 18, 2025

India in QS World Future Skills Index

Recently, India has been recognised as the second most prepared job market globally, following the United States, according to the QS World Future Skills Index. This inaugural index...

January 17, 2025

RBI Introduces Daily VRR Auctions

In move to manage liquidity, the Reserve Bank of India (RBI) has announced daily variable rate repo (VRR) auctions. This decision comes amid a liquidity deficit exceeding ₹2...

January 17, 2025

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