Union Budget 2024-25 Overview: Nirmala Sitharaman’s Focus on Economic Growth The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman has garnered significant attention, especially among aspirants preparing for various government exams. This comprehensive overview aims to dissect the key aspects of the budget and its implications on sectors relevant to exams for positions like…
Delhi’s Robust Economic Growth: Per Capita Income Soars by Over 14% to Rs. 4,44,768 Delhi, the heart of India’s economic landscape, has witnessed an impressive surge in its per capita income, marking a remarkable growth of over 14%. The latest report reveals a significant leap, raising the per capita income to an impressive Rs. 4,44,768….
REC Invests Rs 35,000 Crore in Multi-Modal Projects with Rail Vikas Nigam for 5 Years In a significant development towards enhancing India’s infrastructure, Rural Electrification Corporation (REC) has pledged a monumental investment of Rs 35,000 crore over a span of five years. This investment endeavor is in collaboration with Rail Vikas Nigam Limited (RVNL) to…
Northeastern Development Finance Corporation Sanctions Over ₹750 Crores for 5,300 Northeast Projects The Northeastern Development Finance Corporation (NEDFi) has emerged as a significant catalyst for the development of the Northeast region. Recently, it made headlines by sanctioning a substantial sum, exceeding ₹750 crores, dedicated to over 5,300 developmental projects across the Northeastern states. This funding…
RBI Approves ICICI Pru Mutual Funds’ Acquisition of Stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank The Reserve Bank of India (RBI) has recently granted approval to ICICI Prudential Mutual Fund’s proposal for acquiring stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank. This significant move within the banking and…
Disinvestment Set to Miss FY24 Target, Raises Over Rs 4 Trillion in a Decade The Indian government’s disinvestment process has been a key fiscal strategy, aiming to generate revenue and boost economic growth. However, recent reports suggest that the disinvestment target for the fiscal year 2023-24 might not be met, despite an accumulation of over…
India’s Net FDI Hits 21-Month High at $5.9 Billion in October 2023 The inflow of Foreign Direct Investment (FDI) into India surged to a remarkable 21-month high, reaching $5.9 billion in October 2023, showcasing an encouraging trend for the country’s economic growth. This surge signifies a significant rebound in investor confidence and interest in the…
Tamil Nadu Retains Achiever Status in Logistics Infrastructure Rankings of States Tamil Nadu continues to carve its niche in the realm of logistics infrastructure, maintaining its prestigious position as an achiever in the recent rankings among states. With a robust and well-developed logistical network, the state has once again affirmed its stature in the country’s…
Robust Fiscal Management: Centre and States Maintain Sub-7% GDP Fiscal Deficit Fiscal management remains a critical factor in sustaining a stable economic environment, especially amidst global uncertainties. Recent reports reveal a commendable feat by both the Centre and various states in maintaining a fiscal deficit below 7% of the Gross Domestic Product (GDP). This development…
Longest Bridge in India Boosts Connectivity and Infrastructure Development India has achieved a monumental milestone in its infrastructure development with the inauguration of the country’s longest bridge. This engineering marvel spans across the river, connecting regions and promising significant advancements in connectivity and economic growth. Importance of the News The unveiling of the longest bridge…
