A) IMF support package for Ukraine : IMF approves $15.6 billion support package for Ukraine The International Monetary Fund (IMF) has approved a $15.6 billion support package for Ukraine to help the country cope with economic challenges caused by the COVID-19 pandemic. This three-year Extended Fund Facility (EFF) will enable Ukraine to continue implementing its…
India economic growth forecast FY24 : S&P keeps India’s economic growth forecast unchanged at 6% in FY24 Credit rating agency S&P Global Ratings has maintained its economic growth forecast for India at 6% for the fiscal year 2023-24 (FY24). The agency’s projection is in line with the Indian government’s estimate of 6-7% growth in the…
India’s Digital Payments Market Will More Than Triple to $10 Trillion by 2026 Digital payment systems have been rapidly gaining traction in India in recent years, thanks to the government’s push towards a cashless economy and increased adoption of smartphones and internet services. According to a report by RedSeer Consulting, India’s digital payments market is…
Manik Saha Takes Oath as Tripura Chief Minister for Second Time Manik Saha took oath as the Chief Minister of Tripura for the second time on 23rd April 2023. The ceremony was held at the Raj Bhavan in Agartala and was attended by dignitaries and party workers. Governor Ramesh Bais administered the oath of office…
India’s Manufacturing PMI Slips to 4-month low of 55.3 in February The manufacturing sector is a significant contributor to India’s economy, and the performance of the sector has a significant impact on India’s overall economic growth. According to the data released by IHS Markit, India’s Manufacturing Purchasing Managers’ Index (PMI) fell to a four-month low…
Nagaland government Patanjali Foods MoU : Nagaland Government Signs MoU with Patanjali Foods for Palm Oil Cultivation The Nagaland government has signed a Memorandum of Understanding (MoU) with Patanjali Foods for the cultivation of palm oil in the state. The agreement aims to promote palm oil cultivation in the state and create job opportunities for…
Union Budget 2023: Date, Expectations, and Income Tax Expectations The Union Budget is one of the most significant events in the Indian economic calendar, as it outlines the government’s fiscal policy for the upcoming year. Every year, the government presents the Union Budget on the last working day of February. However, the Budget 2022-23 was…
PM Modi Development Programs launched in Karnataka and Maharashtra On 18th April 2023, Prime Minister Narendra Modi launched several development programs in Karnataka and Maharashtra. The aim of these programs is to promote development and bring positive change in the lives of people living in these states. The programs launched by the Prime Minister are…
China Population Shrinks for the first time since 1961 China’s National Bureau of Statistics (NBS) released its once-a-decade census report on May 11, 2021, showing that China’s population has shrunk for the first time since 1961. The report revealed that China’s population was 1.41178 billion in 2020, down from 1.4 billion in 2019. This decrease…
