RBI Ups Financial Accommodation for States, UTs by 28% to ₹60,118 Crore The Reserve Bank of India (RBI) has announced a significant increase in financial accommodation for states and union territories (UTs), raising the limit by 28% to ₹60,118 crore. This move aims to provide crucial financial support amidst ongoing economic challenges. The enhanced liquidity…
Tata Motors Partners with Bajaj Finance to Enhance Dealer Financing Options Tata Motors, one of India’s leading automobile manufacturers, has recently entered into a strategic partnership with Bajaj Finance to bolster its dealer financing options. This collaboration aims to provide enhanced financial solutions to Tata Motors’ dealer network across the country. The partnership entails Bajaj…
China’s Industrial Output Rises 6.7% in April as Manufacturing Gathers Pace China’s industrial output surged by 6.7% in April, showcasing a significant rebound as manufacturing activities accelerated. This growth rate exceeded analysts’ expectations, indicating a robust recovery in the world’s second-largest economy. The expansion in industrial production signifies a positive momentum in China’s manufacturing sector,…
India’s Manufacturing Activity in April: Second Strongest in 3.5 Years India’s manufacturing activity witnessed a significant surge in the month of April, marking its second-strongest performance in the past 3.5 years. This boost comes as a promising sign for the country’s economic recovery amidst the ongoing challenges posed by the COVID-19 pandemic. The Purchasing Managers’…
ILO Report Highlights Grim Employment Scenario in India The International Labour Organization (ILO) recently released a report shedding light on the concerning employment landscape in India. Titled “World Employment and Social Outlook: Trends 2024,” the report presents a comprehensive analysis of the global job market, with a particular focus on India. This revelation holds significant…
Strong Growth in GST Collections: December 2023 Records ₹1.65 Lakh Crore The Goods and Services Tax (GST) collections for December 2023 marked a significant upsurge, hitting a record high of ₹1.65 lakh crore. This notable increase, attributed to various factors, reflects a positive trend in the economy’s recovery post-pandemic. The surge in collections is a…
IMF Approves $337 Million Second Tranche Loan for Sri Lanka The International Monetary Fund (IMF) has given the green light for a second tranche loan of $337 million to Sri Lanka, marking a significant milestone in the country’s economic stabilization efforts. This move comes as part of the IMF’s Extended Fund Facility (EFF) arrangement, aimed…
Mastercard and U GRO Capital Collaborate for MSME Financing In the realm of bolstering support for Micro, Small, and Medium Enterprises (MSMEs), the recent collaboration between Mastercard and U GRO Capital marks a significant stride in enhancing financial aid. The strategic partnership aims to fortify the financing options available to MSMEs, propelling their growth and…
Morgan Stanley Raises India GDP Forecast After Q1 Data Surprises Positively India’s economic landscape is experiencing a ray of hope as Morgan Stanley, a leading global financial services firm, raises its GDP forecast following unexpectedly positive Q1 data. This development carries significant implications for students preparing for government exams, especially those eyeing positions in the…
India’s GDP Growth Accelerates to 7.8% in April-June Quarter The Indian economy has been a topic of significant interest for aspirants preparing for government exams, including those aiming for positions as teachers, police officers, banking professionals, railway personnel, and civil service positions like PSCS to IAS. One crucial aspect of the economy that candidates need…
