Page-21 of Economy & Banking Current Affairs

Euro Hits One-Year Low Amid Economic Concerns

November 14, 2024

The euro has recently fallen to its lowest point in a year. This decline raises concerns about its potential to reach parity with the US dollar. Market analysts are closely monitoring the situation. Factors such as Donald Trump’s election victory ..

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IBM Opens Gen-AI Centre in Kochi

November 14, 2024

IBM has launched a Gen-AI Innovation Centre in Kochi. This facility aims to enhance the city’s status as a hub for international IT firms. The centre will serve IBM’s global customers and is expected to create important employment opportunities. Key ..

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Pakistan’s Ongoing Relationship with the IMF

November 13, 2024

In September 2024, the International Monetary Fund (IMF) approved an important loan for Pakistan. The loan, valued at US$7 billion, marks Pakistan’s second-largest borrowing from the IMF. This financial assistance comes amid ongoing economic challenges faced by the country. IMF’s ..

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Air India and Vistara Merger

November 13, 2024

The merger of Air India and Vistara marks an important shift in the aviation landscape. This strategic move aims for enhanced efficiency and profitability. The merger is expected to save over ₹500 crore annually. It will also strengthen Air India’s ..

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Amul Expands to European Market

November 13, 2024

Amul is set to enter the European market by the end of November 2024. This follows its successful launch in the United States earlier this year. The Gujarat Cooperative Milk Marketing Federation (GCMMF) operates under the Amul brand. The Managing ..

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India’s Renewable Energy Growth and Investment

November 12, 2024

India’s renewable energy sector has rapidly evolved over the past decade. The country recently achieved an important milestone of 200 GW in renewable energy capacity. This includes nearly 90 GW from solar power alone. The government has set an ambitious ..

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Gujarat’s Semiconductor Policy Drives Economic Growth

November 9, 2024

The Gujarat government has launched the Gujarat Semiconductor Policy 2022-2027. This initiative aligns with Prime Minister Narendra Modi’s vision for a developed India by 2047. It aims to enhance semiconductor self-reliance in the state. Chief Minister Bhupendra Patel leads this ..

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India and ADB Sign $200 Million Loan for Uttarakhand

November 7, 2024

The Government of India and the Asian Development Bank (ADB) signed an important $200 million loan. This funding aims to improve urban services in Uttarakhand. The agreement was signed by key officials from both organizations. This project is part of ..

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EPFO Sees 18.53 Lakh New Members in August 2024

October 21, 2024

The Employees’ Provident Fund Organisation (EPFO) reported an important growth in its subscriber base. In August 2024 alone, there was a net addition of 18.53 lakh members. This reflects a 9.07% increase compared to August 2023. The Union Labour Ministry ..

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WHO Receives $700 Million Pledges for 2025-2028 Budget

October 15, 2024

During an event in Berlin, the World Health Organization (WHO) announced it has received $700 million in new funding pledges for its 2025-2028 budget. This is in addition to the $300 million already promised by both the European Union and ..

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