Current Affairs

GK MCQs Section

Page-14 of Economy & Banking Current Affairs

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

FEMA Regulations Update 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...

January 17, 2025

Why Union Budget is Presented on February 1?

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...

January 15, 2025

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

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...

January 14, 2025

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