PM Gatishakti infrastructure development

PM Gatishakti: Transforming India’s Infrastructure for Economic Growth

PM Gatishakti: Three Years of Infrastructure Transformation Introduction to PM Gatishakti In October 2021, the Prime Minister of India launched the PM Gatishakti National Master Plan, a transformative initiative aimed at revolutionizing India’s infrastructure landscape. This ambitious program focuses on enhancing multimodal connectivity across various sectors, including roads, railways, airports, and ports. The core objective…

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Power Finance Corporation loan news

Record Loan by Power Finance Corporation for Renewable Energy Projects

Power Finance Corporation Secures Record Loan of USD 1.265 Billion Introduction to the Landmark Loan The Power Finance Corporation (PFC), a significant player in India’s power sector financing, has made headlines by securing a record loan of USD 1.265 billion (approximately INR 10,550 crores) from various international lenders. This landmark financial move aims to support…

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SEBI fine on NSE Data and Analytics

SEBI Imposes ₹12 Lakh Fine on NSE Data and Analytics for Regulatory Violations

SEBI Imposes ₹12 Lakh Fine on NSE Data and Analytics for Regulatory Violations The Securities and Exchange Board of India (SEBI) has recently imposed a fine of ₹12 lakh on NSE Data and Analytics Limited for a series of regulatory violations. This decision comes in response to the company’s failure to adhere to certain provisions…

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Current DA rate for government employees

Current DA Rate for Government Employees: Awaiting Hike in Dearness Allowance 2024

All Government Employees Await Hike in Dearness Allowance: A Comprehensive Overview Introduction The anticipation for an increase in the Dearness Allowance (DA) for government employees has become a significant point of discussion in India. As inflation continues to impact the cost of living, employees are eagerly awaiting announcements regarding the revision of their DA. This…

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India's FY25 growth forecast 2024

OECD Revises India’s FY25 Growth Forecast to 6.7%: Key Insights

OECD Revises India’s FY25 Growth Forecast Upward to 6.7% The Organisation for Economic Co-operation and Development (OECD) has recently revised its growth forecast for India for the financial year 2024-25 (FY25) to 6.7%, up from its previous estimate of 6.6%. This adjustment reflects the optimism surrounding India’s robust economic recovery post-COVID-19 and the positive impact…

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India Forex reserves record high

India’s Forex Reserves: Record High of $692.3 Billion Impact on Economy

India’s Forex Reserves Hit Record High of $692.3 Billion Introduction to Forex Reserves India’s foreign exchange (Forex) reserves have reached an unprecedented milestone of $692.3 billion, according to the Reserve Bank of India (RBI). This marks a significant increase from the previous week’s total of $690 billion. This surge in reserves can be attributed to…

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India Uzbekistan Bilateral Investment Treaty

Bilateral Investment Treaty between India and Uzbekistan: Strengthening Economic Ties

India and Uzbekistan Sign Bilateral Investment Treaty in Tashkent On September 28, 2024, India and Uzbekistan formalized a significant Bilateral Investment Treaty (BIT) in Tashkent, aimed at enhancing economic cooperation and attracting foreign investments. The treaty was signed during a high-level meeting between Indian External Affairs Minister S. Jaishankar and his Uzbek counterpart, Bakhtiyor Saidov….

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SEBI Outreach Cell launch

SEBI Launches Outreach Cell for Seamless Market Access and Investor Confidence

SEBI Launches Outreach Cell for Seamless Market Access The Securities and Exchange Board of India (SEBI) has recently launched an Outreach Cell aimed at enhancing seamless market access for various stakeholders. This initiative is a significant step towards promoting transparency, efficiency, and investor protection within the Indian financial markets. The Outreach Cell will serve as…

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Axis Bank MyBiz Credit Card benefits

Axis Bank MyBiz Credit Card: A Game-Changer for MSMEs in India

Axis Bank and Mastercard Launch MyBiz Credit Card for Small Business Owners Introduction to Axis Bank MyBiz Credit CardAxis Bank, one of India’s leading private sector banks, in collaboration with Mastercard, has introduced the MyBiz Credit Card designed specifically for small business owners. This new credit card aims to address the unique needs of micro,…

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UPI mandatory for public debt

UPI Now Mandatory for Bids Up to ₹5 Lakh in Public Debt Issues – Enhancing Accessibility and Efficiency

UPI Now Mandatory for Bids Up to ₹5 Lakh in Public Debt Issues The Indian government has recently mandated that Unified Payments Interface (UPI) will be a compulsory payment method for bids amounting to ₹5 lakh or less in public debt issues. This significant move aims to enhance the efficiency and transparency of financial transactions…

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