Page-4 of Economy & Banking Current Affairs

India’s Higher Education Crisis

January 13, 2025

India’s higher education system faces challenge. A recent report indicates that 80% of graduates are unfit for industry roles. With around 50 million graduates entering the job market annually, this statistic raises concerns about the education system’s quality and relevance. ..

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World Economic Situation and Prospects Report 2025

January 11, 2025

The Indian economy is projected to grow by 6.6 per cent in 2025, according to the United Nations’ World Economic Situation and Prospects report. This growth is supported by strong private consumption and investment. The report maintains its previous growth ..

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Startups Return to India Post Angel Tax Abolition

January 11, 2025

The recent abolition of the angel tax in India has sparked a wave of optimism among startups. Many companies are relocating their headquarters back to India, encouraged by government initiatives aimed at improving the ease of doing business. The decision, ..

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ICEGATE and Trade Data Challenges

January 11, 2025

Recent developments in India’s trade data management have brought into light changes in the way import and export statistics are compiled. The shift from the SEZ Online System to ICEGATE (Indian Customs Electronic Gateway) has raised concerns about data accuracy, ..

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India’s GDP Growth Forecast for FY25

January 9, 2025

India’s Real Gross Domestic Product (GDP) growth is projected to reach a four-year low of 6.4 per cent for the financial year 2024-25. This estimate, released by the National Statistics Office (NSO), reflects challenges in industrial and investment sectors. The ..

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Kandla Port Capacity Expansion Announced in 2025

January 8, 2025

In January 2025, developments were announced for Kandla Port, aiming to enhance its capacity and operational capabilities. This initiative aligns with Prime Minister Narendra Modi’s vision of ‘Make in India, Make for the World’, focusing on boosting domestic manufacturing and ..

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Challenges in Corporate Tax and Excise Duty Collections

January 7, 2025

Recent trends indicate that meeting Budget Estimates (BE) for Corporate Tax (CT) and Union Excise Duty will be challenging. The Union Budget for Fiscal Year 2025-26 is set to be presented on February 1, and revised figures for these levies ..

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Income Inequality Trends in India 2023

January 7, 2025

Recent analysis reveals changes in income inequality in India, particularly following the challenges posed by the Covid-19 pandemic. A working paper from the People Research on India’s Consumer Economy (PRICE) indicates that while there has been a slight recovery in ..

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