SBI infrastructure bonds 7.36%

SBI Infrastructure Bonds: ₹10,000 Crore Raised at 7.36% Coupon Rate

SBI Raises ₹10,000 Crore via 15-Year Infrastructure Bonds at 7.36% Coupon State Bank of India (SBI), India’s largest public sector bank, has successfully raised ₹10,000 crore through 15-year infrastructure bonds with a coupon rate of 7.36%. This fundraising initiative aims to bolster the bank’s capital base and support the financing of critical infrastructure projects across…

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RBI NPA projection 2024

RBI Projects Further Moderation in Bank NPAs to 2.5% – Importance, Impact, and Key Takeaways

RBI Projects Further Moderation in Bank NPAs to 2.5% Introduction The Reserve Bank of India (RBI) has projected a further decline in Non-Performing Assets (NPAs) in Indian banks, predicting a moderation to 2.5% by March 2024. This projection highlights a significant improvement in the health of the banking sector, which is crucial for economic stability…

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PM Gati Shakti Scheme impact

PM Gati Shakti Scheme: Transforming India’s Infrastructure | Current Affairs 2024

PM Gati Shakti Scheme is Transforming India’s Infrastructure: Morgan Stanley Introduction The PM Gati Shakti Scheme, launched by the Indian government, is making significant strides in transforming the nation’s infrastructure. This ambitious project aims to revolutionize logistics, enhance supply chain efficiency, and foster sustainable development. Recently, Morgan Stanley has highlighted the profound impact of this…

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INS Sunayna Seychelles visit

INS Sunayna Enhances Maritime Security in Seychelles: India-Seychelles Relations Strengthened

INS Sunayna Entered Port Victoria, Seychelles: Strengthening Maritime Security Introduction INS Sunayna, an offshore patrol vessel of the Indian Navy, recently entered Port Victoria in Seychelles. This strategic move aims to enhance maritime security and foster stronger ties between India and Seychelles. The visit is part of India’s ongoing efforts to ensure peace and stability…

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Plastic waste road construction

Plastic Waste Road at Jaipur Military Station: A Step Towards Sustainable Infrastructure

Jaipur Military Station: 2nd Military Station to Have Plastic Waste Road Introduction The Jaipur Military Station has taken a significant step towards sustainability by becoming the second military station in India to construct a road using plastic waste. This innovative approach not only addresses the pressing issue of plastic waste management but also contributes to…

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Madhya Pradesh ministers income tax decision

Madhya Pradesh Ministers to Pay Income Tax: Enhancing Governance Transparency

Madhya Pradesh Ministers to Pay Income Tax on Salaries and Allowances In a significant move, Madhya Pradesh has announced that its ministers will now be liable to pay income tax on their salaries and allowances. This decision marks a departure from the previous practice where ministers enjoyed tax-free perks on their official incomes. The state…

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Ladakh ULLAS literacy achievement

Ladakh Achieves Full Functional Literacy under ULLAS Initiative

Union Territory of Ladakh Achieves Full Functional Literacy under ULLAS The Union Territory of Ladakh has achieved a significant milestone by attaining full functional literacy under the ULLAS (Unlocking Literacy with Augmented Speed) initiative. This initiative, aimed at enhancing literacy rates in remote and challenging terrains, has been instrumental in transforming educational outcomes in Ladakh….

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Longest bridge in Jharkhand

Longest Bridge in Jharkhand: Netaji Subhash Chandra Bose Setu’s Impact on Connectivity and Growth

Longest Bridge of Jharkhand: Netaji Subhash Chandra Bose Setu In the heart of eastern India lies the state of Jharkhand, renowned for its rich mineral resources and diverse landscapes. Among its many infrastructure marvels stands the longest bridge in the state, the Netaji Subhash Chandra Bose Setu, also known as the Ranchi-Patratu Dam Road Bridge….

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Indian Navy defense upgrades

DRDO Hands Over MRMO Chaff Rocket to Indian Navy: Enhancing Naval Defense

DRDO Hands Over Medium Range Microwave Obscurant Chaff Rocket to Indian Navy The Defence Research and Development Organisation (DRDO) has successfully handed over the Medium Range Microwave Obscurant (MRMO) Chaff Rocket to the Indian Navy. This state-of-the-art technology is designed to enhance the naval capabilities of the Indian Navy by providing advanced defense mechanisms against…

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India economic growth FY25

India Economic Growth FY25: NCAER Projects 7.5% Growth Rate

India Likely to Grow at 7.5% in FY25: NCAER Economic Forecast by NCAER The National Council of Applied Economic Research (NCAER) has forecasted that India is likely to witness a growth rate of 7.5% in the fiscal year 2025 (FY25). This optimistic projection is driven by a combination of factors, including robust domestic demand, increased…

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