Page-6 of Economy & Banking Current Affairs

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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What is B-Ready Index?

August 5, 2024

India is preparing for the World Bank’s new Business-Ready (B-Ready) index, which will evaluate the global business environment and investment climate. This new index replaces the Doing Business index and focuses on key factors that affect how businesses operate. Transition ..

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ADB Loans $200 Million for India’s Waste Management Improvement

August 2, 2024

The Asian Development Bank (ADB) has approved a $200 million loan to improve how solid waste and sanitation are handled in 100 cities across India. This project is part of the Swachh Bharat Mission 2.0, which aims to create cleaner ..

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India aims for $30 Trillion Economy by 2047

July 31, 2024

India aims to become a USD 30 trillion economy by 2047, the 100th anniversary of its independence. According to a plan by NITI Aayog, called ‘Vision for Viksit Bharat @ 2047’, the goal is to raise the average income per ..

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Pakistan Seeks Debt Re-Profiling for IMF Bailout Package

July 30, 2024

Pakistan is currently in talks with China, Saudi Arabia, and the UAE to reschedule over $27 billion in debt and other financial obligations. This step is crucial for Pakistan to secure a $7 billion bailout from the International Monetary Fund ..

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