Public Sector Banks Record Net Profit of Rs 85,520 Crore in First Half FY2024-25 Introduction: Public Sector Banks’ Strong Financial Performance In the first half of the fiscal year 2024-25, public sector banks (PSBs) in India have reported a significant surge in their net profits. According to recent data, these banks collectively recorded a net…
Elon Musk Reaches $400 Billion Milestone and Creates History Introduction to the MilestoneElon Musk, the visionary CEO of Tesla and SpaceX, recently achieved a remarkable feat by surpassing the $400 billion mark in net worth. This milestone not only solidifies Musk’s position as one of the wealthiest individuals on the planet but also marks a…
Windfall Tax on Crude Petroleum Slashed to Zero in India What is a Windfall Tax and When is it Imposed? A windfall tax is a levy imposed on companies experiencing a sudden and significant surge in profits due to unforeseen circumstances. It serves a dual purpose: redistributing wealth and generating additional government revenue. Indian Government…
India’s WPI Inflation Drops to 4-Month Low of 1.31% in August Wholesale price inflation (WPI) in India eased to a four-month low of 1.31% in August 2024, driven by a decline in prices of manufactured goods and food items. This is a positive development for the Indian economy, as it indicates a moderation in inflationary…
Government Receives Rs 3,662 Crore Dividend from LIC The Government of India has recently received a substantial dividend of Rs 3,662 crore from the Life Insurance Corporation (LIC) of India. This significant financial influx is part of the annual profit distribution to its stakeholders, marking a notable event in the financial sector of the country….
Putin Reappoints Mikhail Mishustin as Russian Prime Minister Russian President Vladimir Putin has reappointed Mikhail Mishustin as the Prime Minister of Russia. Mishustin, who has been serving as the Prime Minister since January 2020, will continue to lead the government after Putin’s decision. This move comes amidst growing tensions with the West and domestic challenges…
Zimbabwe Introduces New Currency Amid Skepticism Zimbabwe, a country with a tumultuous economic history, has recently introduced a new currency, the Zimbabwean dollar, in an effort to stabilize its economy. This decision comes amidst skepticism from both domestic and international observers due to the country’s history of hyperinflation and currency instability. The introduction of a…
Exploring the Top 10 Richest Countries in the World by April 2024 In today’s global landscape, economic prowess often dictates a nation’s influence and capabilities on the world stage. As of April 2024, a snapshot of the world’s economic giants reveals fascinating insights into the top 10 richest countries. Let’s delve into the factors propelling…
Mumbai Surpasses Beijing as Asia’s Billionaire Capital In a significant shift of economic power, Mumbai has overtaken Beijing to claim the title of Asia’s billionaire capital, as per the latest report by the Hurun Research Institute. This report marks a milestone in the economic landscape of Asia, highlighting the rapid growth and emergence of India…
India’s FY24 GDP Growth Projection at 7.3% as Per NSO Data The National Statistical Office (NSO) recently unveiled its projection for India’s Gross Domestic Product (GDP) growth rate for the fiscal year 2024. According to the NSO data, India’s GDP is anticipated to grow at a rate of 7.3%, showcasing a promising trajectory for the…
🚀 Exciting News! 📢 Join Our Telegram Channel Now!
Unleash a daily dose of knowledge and stay ahead of the game! 🌐✨ Join our Telegram channel for a thrilling adventure into the world of daily current affairs. 📰🔥 Don’t miss out on the latest updates and insights! Click to join now and be part of the knowledge revolution! 🚀👉
