Current Affairs

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Page-25 of Economy & Banking Current Affairs

India aims for $30 Trillion Economy by 2047

India aims to become a USD 30 trillion economy by 2047, the 100th anniversary of its independence. According to a plan by NITI Aayog, called ‘Vision for Viksit...

July 31, 2024

Pakistan Seeks Debt Re-Profiling for IMF Bailout Package

Pakistan is currently in talks with China, Saudi Arabia, and the UAE to reschedule over $27 billion in debt and other financial obligations. This step is crucial for...

July 30, 2024

What is LTCG Tax?

The long-term capital gains (LTCG) tax system underwent substantial modifications in the Union Budget for 2024–2025; most notably, the indexation advantage was eliminated. Taxpayers were confused and concerned...

July 29, 2024

What is Agristack and how will it work?

In the 2024-25 Budget, Nirmala Sitharaman, the Finance Minister, called for a Digital Public Infrastructure (DPI) for the agriculture sector. The goal of this DPI is to connect...

July 25, 2024

What is a Climate Finance Taxonomy?

Nirmala Sitharaman, the Minister of Finance in India, presented the Union Budget on July 23, 2024. In it, she highlighted the initiative taken by the government to build...

July 24, 2024

Economic Survey 2023-24 – Recent Updates

On July 22, the Economic Survey 2023–24 will be released by Union Finance Minister Nirmala Sitharaman. This is the first day of the summer session of Parliament. This...

July 22, 2024

IMF Agrees to $7 Billion Loan Program for Pakistan

The International Monetary Fund (IMF) and Pakistan reached a deal on July 12, 2024, for a $7 billion loan program that will last for 37 months. The main goal...

July 13, 2024

What is Angel Tax? – Current Updates (July, 2024)

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested that the unpopular “angel tax” on startups should be gotten rid of. This could be announced...

July 11, 2024

India, Russia Aim for $100 Billion Trade Target by 2030

At the 22nd yearly summit between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi in Moscow, India and Russia announced a plan to improve their strategic...

July 10, 2024

India Creates 46.7 Million Jobs in Fiscal 2023-24

India’s employment rate went up a lot in the fiscal year 2023–24, adding 46.7 million new jobs for a total of 643.3 million jobs across the country. The...

July 9, 2024

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