Page-12 of Economy & Banking Current Affairs

ADB Loans $200 Million for India’s Waste Management Improvement

August 2, 2024

The Asian Development Bank (ADB) has approved a $200 million loan to improve how solid waste and sanitation are handled in 100 cities across India. This project is part of the Swachh Bharat Mission 2.0, which aims to create cleaner ..

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India aims for $30 Trillion Economy by 2047

July 31, 2024

India aims to become a USD 30 trillion economy by 2047, the 100th anniversary of its independence. According to a plan by NITI Aayog, called ‘Vision for Viksit Bharat @ 2047’, the goal is to raise the average income per ..

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Pakistan Seeks Debt Re-Profiling for IMF Bailout Package

July 30, 2024

Pakistan is currently in talks with China, Saudi Arabia, and the UAE to reschedule over $27 billion in debt and other financial obligations. This step is crucial for Pakistan to secure a $7 billion bailout from the International Monetary Fund ..

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What is LTCG Tax?

July 29, 2024

The long-term capital gains (LTCG) tax system underwent substantial modifications in the Union Budget for 2024–2025; most notably, the indexation advantage was eliminated. Taxpayers were confused and concerned about this choice, but the government clarified it and insisted that the ..

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What is Agristack and how will it work?

July 25, 2024

In the 2024-25 Budget, Nirmala Sitharaman, the Finance Minister, called for a Digital Public Infrastructure (DPI) for the agriculture sector. The goal of this DPI is to connect more than six crore farmers to a formal land registry system through ..

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What is a Climate Finance Taxonomy?

July 24, 2024

Nirmala Sitharaman, the Minister of Finance in India, presented the Union Budget on July 23, 2024. In it, she highlighted the initiative taken by the government to build a “climate finance taxonomy.” Through the implementation of this strategic shift, the ..

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Economic Survey 2023-24 – Recent Updates

July 22, 2024

On July 22, the Economic Survey 2023–24 will be released by Union Finance Minister Nirmala Sitharaman. This is the first day of the summer session of Parliament. This is not how things usually work; Economic Surveys usually come out on ..

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IMF Agrees to $7 Billion Loan Program for Pakistan

July 13, 2024

The International Monetary Fund (IMF) and Pakistan reached a deal on July 12, 2024, for a $7 billion loan program that will last for 37 months. The main goal of this Extended Fund Facility program is to help Pakistan, a country ..

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