Page-24 of Economy & Banking Current Affairs

RBI’s State of the Economy Report – Current Updates (January, 2024)

January 19, 2024

According to RBI’s State of the Economy report, India is poised to sustain 2023’s economic momentum in 2024. But reigning in inflation and boosting rural and consumption growth is vital for truly inclusive expansion per its latest report. Need to ..

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Trade Connect ePlatform

January 19, 2024

Union Commerce Minister Piyush Goyal announced the upcoming Trade Connect ePlatform to boost MSME and startup participation in exports. It was announced at the second meeting of the reconstituted Board of Trade. The portal aims to promote exports by small ..

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The Punganur Cow – India’s Shortest Humped Cattle Breed

January 18, 2024

Prime Minister Narendra Modi recently fed Punganur cows from Andhra Pradesh at his Delhi residence on the Pongal/Makar Sankranti festival. These indigenous cattle have unique characteristics. Origins and Features The Punganur is a dwarf breed native to parts of Chittoor ..

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Global Hydrogen Price Index

January 17, 2024

The International Financial Services Centre (IFSC) at GIFT City in Gandhinagar announced a new collaboration with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC). The goal is to jointly develop a Global Hydrogen Price Index. Developing a ..

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Supreme Court Questions Govt on GM Crops

January 15, 2024

On January 11, the Supreme Court asked why the government’s Genetic Engineering Appraisal Committee (GEAC) did not consider expert reports on genetically modified (GM) crops. The GEAC approves the release of GM organisms. SC Hearing Pleas Against GMOs The court ..

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Microsoft Launches AI Odyssey Program to Upskill 100,000 Indian Developers

January 9, 2024

Microsoft has unveiled an ambitious new initiative called AI Odyssey that aims to provide advanced skills training in artificial intelligence (AI) tools and technologies to 100,000 software developers across India. The month-long free online program allows anyone passionate about AI ..

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First Advance Estimates of India’s GDP for 2023-24

January 8, 2024

The Indian government’s First Advance Estimates (FAE) for 2023-24 released on January 6th project the economy will expand 7.3% – faster than the 7.2% growth achieved in 2022-23 on the back of robust domestic demand. Timing and Significance of Estimates ..

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CSIR-CRRI’s REJUPAVE Technology Deployed in Arunachal Pradesh

January 5, 2024

India’s premier road construction agency, Border Roads Organization (BRO) has utilized an indigenous road construction technology called “REJUPAVE” developed by CSIR-Central Road Research Institute (CSIR-CRRI), part of the Ministry of Science and Technology. REJUPAVE allows the construction of high altitude ..

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