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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.
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…
RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March The Reserve Bank of India (RBI) has released its latest data on digital payments in the country, revealing a significant increase in digital payments. According to the RBI’s Digital Payments Index (DPI), the index has increased from 349.30 in March 2021 to…
Union Budget 2023: GST Collection at Nearly Rs 1.56 Lakh Crore in January The Goods and Services Tax (GST) is an indirect tax that was introduced in India in 2017 to replace multiple indirect taxes. It has been one of the major sources of revenue for the central and state governments. The Union Budget 2023…
Economic Survey 2021-22: Meaning, Importance, and Highlights The Economic Survey 2021-22, tabled in Parliament on January 31, 2022, is an important document that highlights the economic performance of the country over the past year and outlines the roadmap for the upcoming financial year. The survey is an annual exercise undertaken by the Ministry of Finance,…
Union Budget 2023: Date, Expectations, and Income Tax Expectations The Union Budget is one of the most significant events in the Indian economic calendar, as it outlines the government’s fiscal policy for the upcoming year. Every year, the government presents the Union Budget on the last working day of February. However, the Budget 2022-23 was…
Union Budget 2023: Halwa Ceremony to be held on January 26 The Union Budget is an annual financial statement presented by the Finance Minister of India to the Parliament. The Union Budget for the year 2023 is all set to be presented on February 1, 2023. However, before the budget is presented, a traditional ‘Halwa…
Centre Clears Rs. 2600 Cr Scheme to Promote Digital Payments RuPay, BHIM, UPI The Indian government has approved an Rs. 2600 crore scheme aimed at promoting digital payment platforms, including RuPay, BHIM, and UPI. This scheme is aimed at encouraging the use of digital payment methods in the country and reducing the dependence on cash….
Forex Reserves at $562.9 Bn, Fall by $70 Bn in 2022 India’s foreign exchange (Forex) reserves fell by $70 billion to $562.9 billion in the week ended March 25, 2022, due to a decline in foreign currency assets (FCA). FCA, which is the largest component of reserves, fell by $68.6 billion to $521.7 billion during…
