Business and Economy
ADB releases updated Asian Development Outlook
The updated Asian Development Outlook predicts that developing economies will faster than China. Key findings For the first time in 30 years, rest of developing Asia will grow at faster pace than China. Previously, when China’s growth fell to 3.9 ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
India-Brazil ink 15 agreements during Brazil President’s visit on Republic Day
The President of Brazil, Mr Jair Bolsonaro visited India to take part in Republic Day celebrations. During his visit, the countries signed several agreements. Alongside, the fifth session of India-Brazil Trade monitoring mechanism was also held. President Bolsonaro was accompanied ..
Month: Current Affairs - January, 2020
India will overtake Germany; Become 4th largest economy in the world in 2026
According to a report released by UK based Centre for Economics and Business Research (CEBR), India will overtake Germany in 2026 to become the world’s fourth largest economy. The report also said that by 2034, India will overtake Japan and ..
Month: Current Affairs - January, 2020
3000 Global Leaders to meet at WEF’s 50th annual meet
On December 22, 2019, the World Economic Forum said that around 3,000 world leaders will meet at its 50th annual meeting to discuss on actions that are required to make “cohesive and sustainable world”. Highlights The meet is to be ..
Month: Current Affairs - December, 2019
NPCC conferred Miniratna Category–I status
Union Government has conferred status of Miniratna: Category–I to National Projects Construction Corporation Limited (NPCC). The empowerment of miniratna status to NPCC will help company to take speedy decisions by enhancing delegation of powers to Board. National Projects Construction Corporation ..
Month: Current Affairs - November, 2018
Finance Ministry launches web portal to grant loans to MSMEs within hour
Union Finance Minister Arun Jaitley launched portal www.psbloansin59minutes.com to enable micro, small and medium enterprises (MSMEs) to get in-principle approval of loans within hour without need for branch visit. The web portal will enable in principle approval for MSME loans ..
Month: Current Affairs - September, 2018
European Bank for Reconstruction and Development: India formally announced as 69th shareholder
India was formally inducted as 69th shareholder of European Bank for Reconstruction and Development (EBRD). This comes after entire membership process completed recently and after EBRD’s board of governors, which represents all existing shareholders voted unanimously in favour of India’s ..
Month: Current Affairs - July, 2018
Bharat Inclusion Initiative: IIM Ahmedabad unveils $25 million initiative to fund start-ups
Indian Institute of Management Ahmedabad’s (IIMA’s) centre for innovation, incubation and entrepreneurship (CIIE) has launched $25 million ‘Bharat Inclusion Initiative’ to fund start-ups. CIIE was founded at IIMA to support entrepreneurs and turn business ideas into viable businesses models. It ..
Month: Current Affairs - May, 2018