Welcome to the “Economy and Finance Current Affairs” category page, your one-stop destination for the latest updates and insights on the dynamic world of economics and finance. This category page holds immense importance for individuals interested in the economy, finance professionals, and those preparing for competitive exams in the banking, finance, and government sectors.
The economy and finance are crucial pillars of any nation’s development and progress. Staying abreast of the current affairs in these areas is essential to understand the changing economic landscape, financial policies, market trends, and global economic developments.
The “Economy and Finance Current Affairs” category page provides a wealth of information on a wide range of topics, including macroeconomic indicators, government policies, budget announcements, fiscal reforms, monetary policies, global trade, financial markets, corporate developments, banking sector updates, stock market trends, and much more. By regularly visiting this page, you can stay updated with the latest happenings, analyze economic events, and comprehend their implications on various sectors.
For individuals preparing for competitive exams such as banking exams (like IBPS PO, SBI Clerk, and RBI Grade B), civil services exams (like UPSC IAS), and other government job exams, having a strong understanding of the economy and finance is vital. These exams often include sections or questions related to economic and financial current affairs, assessing candidates’ knowledge of important economic indicators, government schemes, financial regulations, and market trends. By following the “Economy and Finance Current Affairs” category page, you can stay ahead of the competition and improve your performance in these exams.
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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 Fiscal Deficit for FY24: Government Data Analysis Fiscal Deficit Overview India’s fiscal deficit for FY24 improved to 5.6% of GDP, down from the Revised Estimates of 5.8%. This improvement was driven by higher-than-expected tax receipts. The fiscal deficit stood at Rs 16.54 trillion against the budgetary target of Rs 17.86 trillion, showcasing effective financial…
RBI Cancels 10-Year Green Bond Auction for the First Time In a significant move, the Reserve Bank of India (RBI) has cancelled the auction for 10-year green bonds for the first time. This unprecedented decision has stirred interest among financial analysts and government exam aspirants alike. Understanding the implications of this move is crucial for…
Gross GST Revenue Collection in May 2024: ₹1.73 Lakh Crore; Records 10% YoY Growth The Gross Goods and Services Tax (GST) revenue collection for May 2024 stands at an impressive ₹1.73 lakh crore, marking a significant 10% Year-on-Year (YoY) growth. This achievement reflects the resilience and stability of the Indian economy amidst various global and…
India’s Core Sector Growth Rises to 6.2% in April India’s core sector growth witnessed a substantial rise, reaching 6.2% in April. This surge marks a significant recovery from the previous month’s growth rate of 6.1%. The core sectors, comprising coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity, play a crucial role…
Income Tax Department Sets Cost Inflation Index for FY 2024-25 The Income Tax department has announced the Cost Inflation Index (CII) for the financial year 2024-25, setting it at 363. This index is essential for taxpayers as it helps in accurately calculating long-term capital gains by adjusting for inflation. Importance of Cost Inflation Index (CII)…
SEBI Shortens Commodity Derivatives Delivery Period to Boost Liquidity In a significant move aimed at enhancing liquidity in the commodity derivatives market, the Securities and Exchange Board of India (SEBI) has announced a reduction in the delivery period for commodity derivatives. This change, effective from July 1, 2024, will shorten the delivery period from five…
IRDAI Mandates Shorter Audit Tenures to Boost Governance in Insurance Sector The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new regulations mandating shorter audit tenures for insurance companies. This significant move aims to enhance governance, accountability, and transparency within the insurance sector. New Audit Tenure Regulations Under the new guidelines, IRDAI has…
Indian Economy Grew 7.4% in Q4 FY24, 8% in FY24: SBI Research Report The Indian economy has displayed remarkable resilience in the face of challenges, growing at a robust pace despite global uncertainties. According to a recent SBI research report, the economy surged ahead, recording a growth rate of 7.4% in the fourth quarter of…
India’s Trade Deficit with Top Partners in 2023-24 India has been a key player in the global trade scenario, engaging with various countries across the world. In the fiscal year 2023-24, India’s trade deficit with its top trading partners has garnered significant attention. Analyzing the trade deficit with major partners provides crucial insights into India’s…
Government Receives Rs 3,662 Crore Dividend from LIC The Government of India has recently received a substantial dividend of Rs 3,662 crore from the Life Insurance Corporation (LIC) of India. This significant financial influx is part of the annual profit distribution to its stakeholders, marking a notable event in the financial sector of the country….
