Page-12 of Economy & Banking Current Affairs

Rising Costs of Drug-Resistant Infections

January 4, 2025

Drug-resistant infections present challenge to healthcare systems. A recent study by the Indian Council of Medical Research (ICMR) reveals that these infections not only prolong hospital stays but also increase treatment costs by an average of 33.1%. This research marks ..

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Ramesh Chand Committee Set Up to Update WPI Base Year

January 3, 2025

The Government of India has established a committee to update the base year for the Wholesale Price Index (WPI), aiming to enhance the accuracy of factory-gate inflation measures. This initiative reflects structural changes in the economy since the last update ..

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India Updates GDP Base Year to 2022-23

January 3, 2025

The Government of India has recently decided to update the base year for calculating Gross Domestic Product (GDP) from 2011-12 to 2022-23. This change aims to provide a more accurate representation of the current economic landscape and enhance policy formulation. ..

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Banks’ Profitability Rises for 6th Consecutive Year in FY24: RBI Report

December 30, 2024

Indian banks have reported improvements in their financial performance during the 2023-24 fiscal year. The Reserve Bank of India (RBI) has noted a notable decrease in bad loans and a rise in profits, reflecting robust economic conditions. Profit Growth in ..

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India-Australia Trade Agreement Celebrates Two Years

December 30, 2024

The India-Australia Economic Cooperation and Trade Agreement (ECTA) has marked its second anniversary and has strengthened the economic ties between India and Australia. The Government of India aims to enhance collaboration and innovation to support its goal of becoming a ..

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BD475-2: India’s Biggest and Advanced Crawler Dozer

December 30, 2024

BEML Ltd has recently revealed the BD475-2 Dozer, marking a milestone in India’s engineering capabilities. This crawler dozer, the largest and most advanced in the country, showcases India’s commitment to self-reliance in manufacturing. Key Specifications The BD475-2 Dozer is powered ..

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India’s Record Coal Production in 2023-24

December 28, 2024

India’s coal production reached unprecedented levels in the fiscal year 2023-24, totalling 997.826 million tonnes. This marked an impressive increase of 11.71% from the previous year’s output of 893.191 million tonnes. By mid-December 2023, India had already supplied approximately 963.11 ..

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Surge in Bank Fraud Cases in 2024

December 28, 2024

In the financial year 2024, banks reported increase in fraud cases, with a total of 36,066 incidents, more than doubles the 13,537 cases recorded in 2023. Despite the rise in the number of cases, the financial impact was notably lower, ..

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