Page-5 of Economy & Banking Current Affairs

Ukraine’s Rare Earths

February 6, 2025

Ukraine’s geopolitical landscape has transformed dramatically due to ongoing conflict with Russia. Amidst this turmoil, Ukraine’s rich deposits of rare earths and other critical minerals have gained attention from global powers, particularly the United States. These resources are vital for ..

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China’s Counter Tariffs Against the US

February 5, 2025

On February 4, 2025, China announced new counter tariffs against the United States in response to recent tariff hikes imposed by the U.S. government. These tariffs include a 15% levy on coal and liquefied natural gas, and a 10% tariff ..

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U.S. Sovereign Wealth Fund Proposal for TikTok Purchase

February 4, 2025

The recent announcement by U.S. President Donald Trump regarding the establishment of a sovereign wealth fund has garnered attention. This fund aims to monetise U.S. assets and may include the acquisition of the popular social media platform TikTok. The initiative ..

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Indian Railways’ Mission 3000

February 4, 2025

Indian Railways is striving to enhance its freight loading capabilities under the ambitious Mission 3000 plan. This initiative aims to achieve a cargo volume of 3,000 million tonnes (MT) by 2030. Despite facing criticism for its slow progress, Union Railways ..

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OPEC+ Maintains Oil Output Policy Amid Global Tensions

February 4, 2025

OPEC+ has reaffirmed its strategy to gradually increase oil production starting from April 2025. This decision comes amid ongoing geopolitical tensions and fluctuating oil prices. The group has also opted to replace the U.S. Energy Information Administration (EIA) with new ..

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Indian Rupee Hits All-Time Low

February 4, 2025

The Indian rupee recently fell to an unprecedented low of 87.29 against the US dollar. This decline occurred on February 3, 2025, amidst rising fears of a global trade war triggered by US tariffs on imports from Canada, Mexico, and ..

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US Imposes Tariffs

February 3, 2025

Recently, the US President Trump imposed a 25% tariff on Canada and Mexico and a 10% tariff on China, which affects the US’s top three trade partners. This is part of his protectionist trade policies, aimed at reducing the US’s ..

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Union Budget 2025

February 3, 2025

The Union Budget for 2025-26 was presented by Finance Minister Nirmala Sitharaman on February 1, 2025. This budget aims to drive economic growth through four primary engines – agriculture, micro, small and medium enterprises (MSMEs), investments, and exports. The government ..

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