Page-5 of Economy & Banking Current Affairs

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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RBI Mandates 15-Day Credit Score Updates

January 7, 2025

As of January 1, 2025, the Reserve Bank of India (RBI) has implemented regulation requiring lenders to update credit bureau records every 15 days. This change aims to enhance the accuracy and timeliness of credit score calculations, reflecting borrowers’ financial ..

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NYC Launches Congestion Pricing Initiative

January 7, 2025

In January 2025, New York City became the first city in the United States to implement congestion pricing. This initiative aims to alleviate traffic congestion in densely populated areas. Drivers entering Manhattan’s central business district will incur a fee of ..

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Why Rupee Fell to Record Low

January 6, 2025

In December 2024, the Indian rupee reached a record low of 85.81 against the U.S. dollar. This decline marked a 3% depreciation over the year, continuing a long-term trend. Various factors contribute to currency depreciation, primarily involving supply and demand ..

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