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In conclusion, the “Economy and Finance Current Affairs” category page is an invaluable resource for individuals interested in economics, finance professionals, and aspirants preparing for competitive exams. It offers the latest updates, insights, and analyses related to the economy, finance, and financial markets. Stay tuned to this page to stay informed, enhance your knowledge, and excel in exams and professional endeavors that require a solid understanding of economic and financial current affairs.
India’s Per Capita Income Doubled Since 2014-15 But Uneven Income Distribution Remains a Challenge India has made significant progress in economic development in recent years. According to the latest data released by the National Statistical Office (NSO), India’s per capita income has doubled since 2014-15, reaching Rs 2.7 lakh in 2022. However, despite this impressive…
India’s Manufacturing PMI Slips to 4-month low of 55.3 in February The manufacturing sector is a significant contributor to India’s economy, and the performance of the sector has a significant impact on India’s overall economic growth. According to the data released by IHS Markit, India’s Manufacturing Purchasing Managers’ Index (PMI) fell to a four-month low…
GST revenue collection : GST Revenue Reached Second-Highest Mop-Up of Rs 1.56 Lakh Crore in January The Goods and Services Tax (GST) collection for the month of January 2022 reached a second-highest mop-up of Rs 1.56 lakh crore, according to the Ministry of Finance. The revenue collected in January is 11.6% higher than the revenue…
RBI cancels license of Garha Co-operative Bank : RBI scraps license of MP-based Garha Co-operative Bank The Reserve Bank of India (RBI) has cancelled the license of Garha Co-operative Bank, which was located in Jabalpur, Madhya Pradesh. The move was made due to the bank’s weak financial position and unsatisfactory performance. This decision was taken…
Forex Reserves : Forex Reserves Decline by $8.31 bn to $566.94 bn India’s foreign exchange reserves declined by $8.31 billion to $566.94 billion in the week ended April 9, 2021, mainly due to a fall in foreign currency assets (FCA), as per the Reserve Bank of India (RBI) weekly statistical supplement data. The FCA, which…
Reserve Bank of India Hackathon : Reserve Bank of India Announces 2nd Global Hackathon – Harbinger 2023 The Reserve Bank of India (RBI) has announced the launch of its 2nd Global Hackathon, ‘Harbinger 2023’, to foster innovation and create solutions to tackle various issues in the banking and financial sector. The hackathon is aimed at…
Alibaba exits Paytm : Alibaba Exits India’s Paytm, Selling Shares for $167 Million Alibaba, the Chinese multinational conglomerate, has sold its shares in India’s leading digital payments company, Paytm, for $167 million. This marks Alibaba’s complete exit from Paytm after having invested over $2 billion in the company since 2015. Why This News Is Important…
Foreign inward remittance : India Receives Highest Ever Foreign Inward Remittances in a Single Year of $89,127 Million in FY 2021-22 India has received a record-breaking amount of foreign inward remittances in the financial year 2021-22. According to data from the Reserve Bank of India (RBI), the country has received a total of $89,127 million…
India-Indonesia-Malaysia Growth Triangle : India signs MoU with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council to promote adoption of energy efficiency The Indian government has signed a Memorandum of Understanding (MoU) with the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Joint Business Council (JBC) to promote energy efficiency in the region. The MoU was signed on April 11, 2023,…
India unemployment rate decline : India’s Unemployment Rate Declined to Four-Month Low at 7.14% in January India’s unemployment rate for the month of January 2023 has declined to a four-month low of 7.14%, according to the Centre for Monitoring Indian Economy (CMIE). This is a significant improvement from the unemployment rate of 8.01% recorded in…
