Page-12 of Economy & Banking Current Affairs

Myanmar Junta Revives $3.6 Billion Chinese-Backed Dam Project

May 25, 2024

With help from China, Myanmar’s junta is starting up again the $3.6 billion Myitsone dam project that was put on hold before. This move is a big change in policy from when it was first put on hold in 2011 ..

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India’s Market Capitalization Crosses $5 Trillion Milestone

May 24, 2024

The market value of all companies traded on the Bombay Stock Exchange (BSE) in India recently passed the $5 trillion mark, which is a big deal for the market. India is now the fifth country in the world, after the ..

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RBI Approves Highest-Ever Dividend Of Rs 2.11 Lakh Crore for Government

May 23, 2024

A record amount of Rs 2.11 lakh crore has been approved by the Central Board of the Reserve Bank of India (RBI) as the surplus payment to the Central Government for the accounting year 2023–24. This large transfer goes above ..

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Bank of Maharashtra Leads in FY24 Business Growth

May 23, 2024

The Bank of Maharashtra grew much faster than other public sector banks in India in the fiscal year 2024. The total domestic business growth for this Pune-based institution was 15.94%, which was higher than the 13.12% growth for the State ..

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RBI Scrutinizes Gold Loan Norms To Tighten Grip

May 20, 2024

The Reserve Bank of India (RBI) made it harder for Non-Banking Financial Companies (NBFCs) to do business by telling them in March that they had to follow the rules for gold loans carefully. As a result of breaking these rules, ..

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EPFO Introduces Auto-Mode for Education, Marriage Claims

May 16, 2024

The Employees’ Provident Fund Organization (EPFO) has made it easier to settle claims for loans used for things like schooling, marriage, and housing by adding an “auto-mode settlement” process. By streamlining the process and reducing the need for human input, ..

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New AIS Feature Enhances Income Tax Confirmation Process

May 15, 2024

The Annual Information Statement (AIS) now has a useful feature added by the Income Tax Department that lets taxpayers see the confirmation state of their financial data. The goal of this change is to make tax filing more open and ..

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India’s April Retail Inflation Eases Marginally to 4.83%

May 15, 2024

The Consumer Price Index (CPI) showed that retail inflation in India slowed down a bit in April. The rate went down a little from 4.85% in March to 4.83%, according to the National Statistical Office. Some of this small drop ..

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