Page-12 of Economy & Banking Current Affairs

India Resumes Free Trade Agreements (FTAs)

November 27, 2024

India resumed signing Free Trade Agreements (FTAs) in 2021 after a decade-long hiatus. The country has since completed agreements with Mauritius, the UAE, Australia, and EFTA countries. However, India is now adopting a more cautious approach to FTAs. This shift ..

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Apple, Google, and Meta See Faster Growth in India than Globally

November 27, 2024

Big tech companies are experiencing rapid growth in India, faster than in other parts of the world. This trend has been evident over the past four fiscal years and companies like Apple, Google, and Meta are leading this charge. Apple’s ..

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What is Aadhaar Enabled Payment System (AEPS)?

November 26, 2024

The Aadhaar Enabled Payment System (AEPS) is transforming banking access in rural and semi-urban regions. It utilizes Aadhaar numbers and biometric authentication for seamless transactions. This system promotes financial inclusion for underserved populations. What is AEPS? AEPS stands for Aadhaar ..

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India and EFTA – Trade Agreement

November 25, 2024

Commerce Secretary Sunil Barthwal recently visited Norway, and aimed to discuss the swift implementation of a free trade agreement. This agreement is between India and the European Free Trade Association (EFTA). EFTA consists of Iceland, Liechtenstein, Norway, and Switzerland. The ..

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Telangana to Establish Joint Consultative Committee with CII

November 25, 2024

The Telangana government is actively exploring new industrial policies and a joint consultative committee with the Confederation of Indian Industry (CII) is on the horizon. This committee aims to address industrial challenges in the state. Industries and IT Minister D. ..

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Tamil Nadu’s SGST Collections Surge in 2024

November 25, 2024

Tamil Nadu has reported important growth in its State Goods and Services Tax (SGST) collections for the fiscal year 2024-25. The increase stands at 20.12%, the highest among major states of India. Provisional figures indicate collections reached ₹35,414.05 crore, a ..

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Confederation of Indian Industry (CII) Launches Strategy Cell

November 25, 2024

The Confederation of Indian Industry (CII) has initiated a strategy cell in Coimbatore, which aims to support businesses in their growth journey. It was established to assist selected industries in becoming global players. Structure of the Strategy Cell The strategy ..

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IMF Approves Sri Lanka’s Third Bailout Review

November 25, 2024

The International Monetary Fund (IMF) has recently approved the third review of Sri Lanka’s $2.9 billion bailout on November 23, 2024. The country’s economy remains fragile despite the approval and will release approximately $333 million, raising total funding to about ..

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