Page-16 of Economy & Banking Current Affairs

India’s Renewable Energy Growth and Investment

November 12, 2024

India’s renewable energy sector has rapidly evolved over the past decade. The country recently achieved an important milestone of 200 GW in renewable energy capacity. This includes nearly 90 GW from solar power alone. The government has set an ambitious ..

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Gujarat’s Semiconductor Policy Drives Economic Growth

November 9, 2024

The Gujarat government has launched the Gujarat Semiconductor Policy 2022-2027. This initiative aligns with Prime Minister Narendra Modi’s vision for a developed India by 2047. It aims to enhance semiconductor self-reliance in the state. Chief Minister Bhupendra Patel leads this ..

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India and ADB Sign $200 Million Loan for Uttarakhand

November 7, 2024

The Government of India and the Asian Development Bank (ADB) signed an important $200 million loan. This funding aims to improve urban services in Uttarakhand. The agreement was signed by key officials from both organizations. This project is part of ..

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EPFO Sees 18.53 Lakh New Members in August 2024

October 21, 2024

The Employees’ Provident Fund Organisation (EPFO) reported an important growth in its subscriber base. In August 2024 alone, there was a net addition of 18.53 lakh members. This reflects a 9.07% increase compared to August 2023. The Union Labour Ministry ..

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WHO Receives $700 Million Pledges for 2025-2028 Budget

October 15, 2024

During an event in Berlin, the World Health Organization (WHO) announced it has received $700 million in new funding pledges for its 2025-2028 budget. This is in addition to the $300 million already promised by both the European Union and ..

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World Bank Establishes Fund to Support Ukraine’s Recovery

October 11, 2024

The World Bank has created a special Financial Intermediary Fund (FIF) to help Ukraine as it continues to face challenges from the ongoing war with Russia. Countries like the United States, Canada, and Japan are expected to contribute money to ..

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Southern States Lead in GDP Contribution

September 19, 2024

A recent report by the Economic Advisory Council to the Prime Minister (EAC-PM) has highlighted large differences in how different Indian states are doing economically. The report shows that some states, especially in the south, are growing quickly, while others, ..

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54th GST Council Meeting

September 11, 2024

The 54th Goods and Services Tax (GST) Council meeting took place in New Delhi, led by Finance Minister Nirmala Sitharaman. The council focused on adjusting tax rates for essential items, including health insurance, cancer drugs, and snacks. Major Decisions Made ..

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