Page-12 of Economy & Banking Current Affairs

RINL Revival Package Announced

January 18, 2025

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 restore the company’s operations and safeguard thousands of jobs amid political pressure ..

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India in QS World Future Skills Index

January 17, 2025

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 evaluates countries based on their readiness for future job demands, particularly in ..

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RBI Introduces Daily VRR Auctions

January 17, 2025

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 trillion in the banking system. The auctions aim to alleviate the tight ..

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FEMA Regulations Update 2025

January 17, 2025

Recently, changes to the Foreign Exchange Management Act (FEMA) were implemented to facilitate cross-border transactions in Indian rupees (INR) and other foreign currencies. The Reserve Bank of India (RBI), in collaboration with the government, introduced these amendments amid increasing pressure ..

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Why Union Budget is Presented on February 1?

January 15, 2025

The Union Budget of India is presented annually, specifically on February 1 since 2017. This date allows the government to make necessary financial adjustments before the fiscal year begins in April. Finance Minister Nirmala Sitharaman will outline India’s financial trajectory ..

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CII’s 10-Point Agenda for Ease of Doing Business

January 14, 2025

The Confederation of Indian Industry (CII) has revealed a 10-point agenda aimed at enhancing the Ease of Doing Business (EoDB) in India ahead of the 2025-26 Budget. This initiative puts stress on the need for transparency, speed, and a reduction ..

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India’s Higher Education Crisis

January 13, 2025

India’s higher education system faces challenge. A recent report indicates that 80% of graduates are unfit for industry roles. With around 50 million graduates entering the job market annually, this statistic raises concerns about the education system’s quality and relevance. ..

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World Economic Situation and Prospects Report 2025

January 11, 2025

The Indian economy is projected to grow by 6.6 per cent in 2025, according to the United Nations’ World Economic Situation and Prospects report. This growth is supported by strong private consumption and investment. The report maintains its previous growth ..

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Startups Return to India Post Angel Tax Abolition

January 11, 2025

The recent abolition of the angel tax in India has sparked a wave of optimism among startups. Many companies are relocating their headquarters back to India, encouraged by government initiatives aimed at improving the ease of doing business. The decision, ..

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ICEGATE and Trade Data Challenges

January 11, 2025

Recent developments in India’s trade data management have brought into light changes in the way import and export statistics are compiled. The shift from the SEZ Online System to ICEGATE (Indian Customs Electronic Gateway) has raised concerns about data accuracy, ..

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