LIC Delivers Dividend Cheque of ₹18,31 Crore to Finance Minister Life Insurance Corporation of India (LIC), the largest insurance company in the country, recently presented a dividend cheque of ₹18,31 crore to the Finance Minister. This event holds substantial significance for aspirants preparing for government exams, particularly those eyeing positions in the finance sector. Let’s…
Moody’s Upgrades India’s 2023 GDP Growth Forecast to 6.7% In recent economic developments, global credit rating agency Moody’s has upgraded India’s Gross Domestic Product (GDP) growth forecast for the year 2023 to an optimistic 6.7%. This significant revision comes as a ray of hope for aspirants preparing for government exams, including positions in teaching, police,…
Maharashtra Leads in Attracting FDI During 1st Quarter of FY 2023-24 Foreign Direct Investment (FDI) has been a crucial economic indicator for India, reflecting its global appeal as an investment destination. In the first quarter of the fiscal year 2023-24, Maharashtra has emerged as the leader in attracting FDI, reaffirming its status as a magnet…
China’s Economy Slips into Deflation: Implications and Countermeasures In a significant economic development, China, one of the world’s largest economies, has recently slipped into a state of deflation. This news holds crucial implications not only for China but also for the global economic landscape. Understanding the reasons behind this deflationary trend and the measures being…
Odisha Celebrates Raja Agricultural Festival Odisha, a state in eastern India, recently celebrated the Raja Agricultural Festival with great enthusiasm and fervor. This festival holds significant cultural and agricultural importance in the region, marking the beginning of the agricultural season. Let’s delve into the details of this vibrant festival and understand its significance. During the…
India’s IIP Growth Falls to 5-Month Low of 1.1% in March on Poor Manufacturing Performance India’s industrial output growth fell to a five-month low of 1.1% in March, mainly due to poor performance in the manufacturing sector, according to data released by the government on Friday. The factory output, as measured by the Index of…
Russia’s Dilemma: Large Amounts of Indian Rupees That It Can’t Use Russia has recently disclosed that it holds a significant amount of Indian rupees, but it is facing difficulty in using them. The problem has arisen because of the Reserve Bank of India’s stringent regulations, which prohibit foreign entities from using rupees for transactions within…
RBI Keeps Repo Rate Unchanged at 6.5%: Here’s What It Means for Govt Exam Aspirants The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. This was announced by RBI Governor Shaktikanta Das on April 6, 2023. The repo rate is the rate at which the central bank lends…
OPEC oil production : OPEC members announce cut in oil production exceeding one million barrels per day from next month In a major development, the members of the Organization of the Petroleum Exporting Countries (OPEC) have announced a cut in oil production exceeding one million barrels per day from next month. This decision was taken…
India fiscal deficit : India’s April-February Fiscal Deficit at Rs 14.54 Lakh Crore: 83% of FY23 Target India’s fiscal deficit for the first eleven months of the fiscal year 2022-23 was Rs 14.54 lakh crore, which is equivalent to 83% of the target for the entire fiscal year, according to the data released by the…
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