Page-21 of Economy & Banking Current Affairs

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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India’s Forex Reserves Hit Record High of USD 683.987 Billion

September 7, 2024

India’s foreign exchange reserves reached a new record of USD 683.987 billion. This increased by USD 2.299 billion in just one week, continuing an upward trend from the earlier high of USD 681.688 billion. Growth Trend in 2024 In 2024, ..

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Berkshire Hathaway First Non-Tech Company to Hit $1 Trillion

August 30, 2024

Berkshire Hathaway, led by Warren Buffett, made history by becoming the first non-technology company to reach a market value of $1 trillion, on August 28. This achievement came after a key decision to sell nearly half of its shares in ..

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RBI Announces Future Launch of Unified Lending Interface (ULI)

August 27, 2024

The Unified Lending Interface (ULI) is a new technology platform that the Reserve Bank of India (RBI) plans to introduce across the country. Its main purpose is to make it easier and faster for people, especially those in rural areas, ..

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Jackson Hole Symposium 2024

August 23, 2024

The Jackson Hole Economic Policy Symposium is a yearly event that gathers important people like central bankers, economists, and policymakers from around the world. It is organized by the Federal Reserve Bank of Kansas City. Since it began in 1978, ..

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CCI Raises Concerns Over $8.5 Billion Reliance-Disney Merger

August 22, 2024

The $8.5 billion merger between Reliance and Disney is under the spotlight as India’s antitrust body, the Competition Commission of India (CCI), examines its impact on competition in the media sector. Market Dominance and Competition This merger will create the ..

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What is Dynamic Reference Rate?

August 14, 2024

India and Russia are working on introducing a “dynamic reference rate” for their currencies, the Indian Rupee (INR) and the Russian Rouble (RUB), to make financial transactions between the two countries easier and to reduce the impact of U.S. sanctions ..

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What is the ‘yen carry trade’?

August 6, 2024

Global equity markets experienced a severe downturn starting on Aug 05, causing significant declines in major markets from Tokyo to London. Japan’s Nikkei had its largest single-day drop since 1987, indicating a major systemic issue. What Happened on August 05, ..

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