Page-13 of Economy & Banking Current Affairs

What is Angel Tax? – Current Updates (July, 2024)

July 11, 2024

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested that the unpopular “angel tax” on startups should be gotten rid of. This could be announced in the Union Budget. The DPIIT secretary stated that a proposal to ..

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India, Russia Aim for $100 Billion Trade Target by 2030

July 10, 2024

At the 22nd yearly summit between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi in Moscow, India and Russia announced a plan to improve their strategic economic cooperation. This is a big deal. This move comes at a ..

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India Creates 46.7 Million Jobs in Fiscal 2023-24

July 9, 2024

India’s employment rate went up a lot in the fiscal year 2023–24, adding 46.7 million new jobs for a total of 643.3 million jobs across the country. The number of jobs has grown by 6%, which is a big jump ..

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Gujarat FDI Jumps 55%, Hits $7.3 Billion in FY 2023-24

July 6, 2024

Foreign Direct Investment (FDI) has grown a lot in Gujarat during the fiscal year 2023–24, reaching a total of USD 7.3 billion. This is a 55% rise from the previous year, making the state, after Maharashtra, the second-highest receiver of ..

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ADB to build 400 MW Solar Power Plant in Gujarat

July 5, 2024

Asian Development Bank (ADB) has made a major financial move to support renewable energy by giving the ENGIE group a Rs 1,460 crore loan. Using this money, a 400-megawatt solar photovoltaic power plant will be built in Surendranagar, Gujarat. This ..

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Bharat Bill Payment System

July 4, 2024

From July 1, all credit card payments made through third-party apps must go through the Bharat Bill Payment System (BBPS), which is what the Reserve Bank of India (RBI) wants. People with credit cards from big Indian banks will be ..

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Tata Leads as India’s Most Valuable Brand, Grows 9%

July 2, 2024

Tata Group is still India’s most valuable brand, with a value of US$ 28.6 billion, which is 9% more than the previous year. With this kind of progress, Tata is almost ready to become the first Indian brand to be ..

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What is Project Nexus by RBI?

July 2, 2024

The Reserve Bank of India (RBI) has joined Project Nexus, a worldwide effort to make it easier for people to send money instantly across borders. To do this, Fast Payment Systems (FPSs) in different countries are linked together. In this ..

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