Page-8 of Economy & Banking Current Affairs

Income Tax Campaign for Foreign Assets Awareness

November 20, 2024

The Income Tax Department has initiated a new campaign that targets taxpayers with high-value foreign income or assets, which aims to enhance compliance for the Assessment Year 2024-25. The Central Board of Direct Taxes (CBDT) is leading this effort. Campaign ..

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India’s Exports Surge in October 2024

November 19, 2024

India’s export landscape experienced remarkable growth in October 2024 with the core group of exports rising by 27.7% compared to the previous year and this growth spanned various sectors reflecting a robust economic performance. Key Export Sectors Engineering goods led ..

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Global Freight Summit 2024

November 19, 2024

The Global Freight Summit 2024 commenced in Dubai on November 18, marking its third edition since 2022. Hosted by DP World, the event will conclude on November 20 with over 5,000 industry leaders from 155 countries participating, focusing on the ..

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Symbiosis University First Overseas Campus at Dubai

November 18, 2024

India and the UAE have deepened their educational partnership with Symbiosis International University opening its first overseas campus at Dubai Knowledge Park. This event marks an important milestone in the relationship between the two nations. Key Figures Present Dr. S. ..

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State Bank of India is seeking a $1.25 Billion Loan: India’s Largest Bank Loan of 2024

November 18, 2024

State Bank of India (SBI) plans to borrow up to $1.25 billion, making it the biggest dollar loan from India’s financial sector in 2024. The loan is being arranged by CTBC Bank, HSBC Holdings Plc, and Taipei Fubon Bank. It ..

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CII Mangalore Integrate 2024 Conclave

November 18, 2024

The Confederation of Indian Industry (CII) Mangaluru Chapter hosted CII Mangalore Integrate 2024, which featured an exhibition, a buyer-seller meet, and a conference. The theme was ‘Connecting New Business’ which gathered industry leaders, innovators, policymakers, and business professionals. Significance of ..

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Belgium’s Economic Challenges and Forecasts

November 16, 2024

Belgium faces important economic challenges as it approaches 2025. The European Commission has raised concerns about the country’s rising budget deficit and inflation. Without policy changes, the deficit could reach 4.9% of GDP by 2025. Increased spending on pensions and ..

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UK Plans Major Pension Fund Reforms

November 16, 2024

The UK government aims to create substantial “megafunds” through an important overhaul of the pension system. Finance Minister Rachel Reeves announced plans to attract up to £80 billion ($102 billion) in new investments. This initiative addresses the chronic under-investment of ..

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