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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.
GST revenue collection increases 13% to ₹1.60 lakh crore in March 2023 The Goods and Services Tax (GST) revenue collection in India has increased by 13% to ₹1.60 lakh crore in March 2023, according to the Ministry of Finance. The government’s efforts to curb tax evasion, streamline tax administration, and promote digital transactions have resulted…
World Bank warns of a “Lost Decade” for the Global Economy The World Bank has issued a warning that the global economy is at risk of experiencing a “lost decade” due to the COVID-19 pandemic. According to the World Bank, the pandemic has caused a severe and widespread economic contraction, which has led to significant…
India economic growth forecast FY24 : S&P keeps India’s economic growth forecast unchanged at 6% in FY24 Credit rating agency S&P Global Ratings has maintained its economic growth forecast for India at 6% for the fiscal year 2023-24 (FY24). The agency’s projection is in line with the Indian government’s estimate of 6-7% growth in the…
India’s Forex Reserves Fall $2.40 Billion to 3-Month Low of $560 Billion India’s foreign exchange reserves fell by $2.4 billion to a three-month low of $560.02 billion in the week ended April 9, as per the Reserve Bank of India’s (RBI) weekly statistical supplement released on Friday. India’s forex reserves had touched a lifetime high…
BSE & UN Women India launches a new programme, ‘FinEMPOWER’, at Bombay Stock Exchange The Bombay Stock Exchange (BSE) and UN Women India have launched a new program called “FinEMPOWER” aimed at promoting gender equality and empowering women in the financial sector. This initiative will help women to gain knowledge and skills in finance and…
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…
