Page-11 of Economy & Banking Current Affairs

India’s Manufacturing Vision for Tier 2 and 3 Cities

January 23, 2025

The Government of India is focusing on enhancing manufacturing capabilities in Tier 2 and 3 cities. This initiative aims to boost the country’s economic growth by increasing the contribution of manufacturing to the Gross Value Added. The Commerce Ministry has ..

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India’s Semiconductor and Electronics Manufacturing Initiatives

January 23, 2025

India is making strides in the semiconductor and electronics manufacturing sectors as it prepares for the Union Budget 2025-26. The Union Finance Ministry has brought into light the government’s successful policies aimed at boosting investments and job creation through the ..

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MeitY Releases “Estimation and Measurement of India’s Digital Economy” Report

January 23, 2025

India’s digital economy has been experiencing rapid growth, contributing to the national income and employment landscape. The Ministry of Electronics and Information Technology (MeitY) has released a very important report titled “Estimation and Measurement of India’s Digital Economy,” aiming to ..

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US Withdrawal from OECD Global Tax Deal

January 23, 2025

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 tax avoidance by multinational corporations, has been put on hold. What is ..

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Diamond Imprest Authorization Scheme

January 22, 2025

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 establish local processing facilities. It will take effect from April 1, 2025. ..

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European Banks and NZBA

January 21, 2025

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 concerns over climate collaboration and potential legal ramifications. Executives are now contemplating ..

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India’s Economic Growth Surge

January 21, 2025

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 of 2.7% and reflects the country’s robust services sector and revitalised manufacturing ..

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India’s GDP Growth Projections

January 20, 2025

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 government’s capital expenditure and its impact on future economic performance. The projections ..

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Rupee’s Real Effective Exchange Rate (REER)

January 20, 2025

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 amidst global economic shifts, including foreign portfolio investor outflows and fluctuating US ..

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Interest Equalisation Scheme Extension

January 18, 2025

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 ongoing global economic challenges. The scheme, which provides financial support to exporters, ..

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