Economy & Banking Current Affairs
North East Bankers Conclave 2024
Union Home Minister Amit Shah addressed the North East Bankers Conclave 2024 in Agartala, Tripura, which aimed to encourage financial institutions to invest in the region’s development. Importance of Economic Inclusion Amit Shah told the necessity of economic growth across ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
Annual Survey of Unincorporated Sector Enterprises (ASUSE) by MoSPI
The Ministry of Statistics and Programme Implementation (MoSPI) has published the Annual Survey of Unincorporated Sector Enterprises (ASUSE) results for 2023-24, which captures the economic landscape of India’s unincorporated non-agricultural sector from October 2023 to September 2024. This sector contributes ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
New and Small Businesses to Get GST Registration in 3 Days
The GST Council has recently approved a proposal to streamline the registration process for new and small businesses and aims to enable registration within three working days, reducing bureaucratic hurdles. It addresses issues such as excessive questioning by tax officials ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
Decline in Domestic Migration in India
India has experienced a notable decrease in domestic migration, with recent data indicating that the number of domestic migrants fell by nearly 12% from 2011 to 2023. The Prime Minister’s Economic Advisory Council (EAC-PM) reported that the total number of ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
TRAI Introduces New Telecom Regulations
The Telecom Regulatory Authority of India (TRAI) has introduced amendments to enhance consumer protection in the telecom sector. The Telecom Consumers Protection (Twelfth Amendment) Regulations, 2024, and the Telecommunication Tariff (Seventieth Amendment) Order, 2024 were published recently, aim to improve ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
India to Lend USD $500 Million to India for Sustainable Infrastructure
The Government of India has recently partnered with the Asian Development Bank (ADB) to enhance sustainable infrastructure, which involves a substantial loan of $500 million aimed at encouraging environmentally friendly projects. The agreement includes a government guarantee, ensuring the funds ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
GST Council Implements “Track and Trace Mechanism”
The GST Council has recently made updates to enhance tax compliance and clarity in the tax framework, aim to reduce tax evasion, and simplify tax processes for businesses and consumers. Track and Trace Mechanism The Council approved a new “Track ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
Real-Time Payments to Boost India’s GDP by $76.5B
Real-time payments are revolutionizing India’s financial landscape with a recent study predicting that this technology will contribute $76.5 billion to India’s economy by 2028. This figure represents 1.5% of the nation’s GDP, equivalent to the output of approximately 8 million ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs