Page-7 of Economy & Banking Current Affairs

India’s Record Coal Production in 2023-24

December 28, 2024

India’s coal production reached unprecedented levels in the fiscal year 2023-24, totalling 997.826 million tonnes. This marked an impressive increase of 11.71% from the previous year’s output of 893.191 million tonnes. By mid-December 2023, India had already supplied approximately 963.11 ..

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Surge in Bank Fraud Cases in 2024

December 28, 2024

In the financial year 2024, banks reported increase in fraud cases, with a total of 36,066 incidents, more than doubles the 13,537 cases recorded in 2023. Despite the rise in the number of cases, the financial impact was notably lower, ..

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North East Bankers Conclave 2024

December 26, 2024

Union Home Minister Amit Shah addressed the North East Bankers Conclave 2024 in Agartala, Tripura, which aimed to encourage financial institutions to invest in the region’s development. Importance of Economic Inclusion Amit Shah told the necessity of economic growth across ..

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Annual Survey of Unincorporated Sector Enterprises (ASUSE) by MoSPI

December 26, 2024

The Ministry of Statistics and Programme Implementation (MoSPI) has published the Annual Survey of Unincorporated Sector Enterprises (ASUSE) results for 2023-24, which captures the economic landscape of India’s unincorporated non-agricultural sector from October 2023 to September 2024. This sector contributes ..

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New and Small Businesses to Get GST Registration in 3 Days

December 26, 2024

The GST Council has recently approved a proposal to streamline the registration process for new and small businesses and aims to enable registration within three working days, reducing bureaucratic hurdles. It addresses issues such as excessive questioning by tax officials ..

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Decline in Domestic Migration in India

December 26, 2024

India has experienced a notable decrease in domestic migration, with recent data indicating that the number of domestic migrants fell by nearly 12% from 2011 to 2023. The Prime Minister’s Economic Advisory Council (EAC-PM) reported that the total number of ..

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TRAI Introduces New Telecom Regulations

December 24, 2024

The Telecom Regulatory Authority of India (TRAI) has introduced amendments to enhance consumer protection in the telecom sector. The Telecom Consumers Protection (Twelfth Amendment) Regulations, 2024, and the Telecommunication Tariff (Seventieth Amendment) Order, 2024 were published recently, aim to improve ..

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India to Lend USD $500 Million to India for Sustainable Infrastructure

December 24, 2024

The Government of India has recently partnered with the Asian Development Bank (ADB) to enhance sustainable infrastructure, which involves a substantial loan of $500 million aimed at encouraging environmentally friendly projects. The agreement includes a government guarantee, ensuring the funds ..

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