Current Affair Category: Indian Economy

Why in News? Vodafone Idea (VIL) has  announced closure of its anchor book allocation, raising about Rs 5,400 crore from global as well as domestic investors ahead of its mega follow-on public offering (FPO). Who is an anchor investor ? An anchor investor is a qualified institutional buyer (QIB) who submits a bid for value […]

The term was used in the article of Indian express -17th April 2024 In March 2012 International IDEA launched its Political Finance Database, containing data on political finance regulations in force in 180 countries. • This report highlights key findings from the database, emphasizing global trends and regional variations. • Correlations between key political finance […]

Why in News ? The recent West Asia tension can cause oil supply disruption from the region to India . The regional and global oil flows and international oil prices could see high volatility in near future. • India is the world’s third-largest consumer of crude oil and depends on imports to meet over 85 […]

Why in News ? India has signed a protocol amending its tax treaty with Mauritius with an aim to plug treaty abuse for tax evasion and avoidance. •India and Mauritius has recently signed a protocol at Port Louis, amending the Double Taxation Avoidance Agreement (DTAA) between the two nations. •The amended pact includes the Principal […]

Why in News? The government has come up with a new platform to disburse subsidies to horticulture farmers under the Cluster Development Programme (CDP) .The platform is known as CDP-SURAKSHA. The move seeks to push the growth of India’s horticulture sector, which contributes nearly one-third to the agriculture gross value addition (GVA). About CDP-SURAKSHA: • […]

The WTO, however, lowered its forecast for growth in 2024 of world merchandise trade volumes to 2.6 per cent from 3.3 per cent it had projected in October last year as the impact of factors responsible for contraction in 2023 are still being felt. Global trade volumes are expected to get back to the growth […]

• Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold“. • It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years. • Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, […]

Why in News ? The latest surveys of the Reserve Bank of India has showed that Indian consumers are quite optimistic about the general economic situation, income spending and employment conditions and also expect inflation to moderate in the one year ahead period. Key points of survey: • Consumer confidence for the current period has […]

• In January, nearly 90 per cent of the laptops and personal computers (PCs) imported by India came from China. In the month before that, Beijing’s share was well over 89 per cent and, in November, the figure was 83 per cent. In all, until January in the 2023-24 financial year (FY), nearly eight out […]

Introduction Non-Performing Assets (NPAs) are a significant concern in the banking sector, impacting the financial health and stability of banks. In India, the Gross Non-Performing Assets (GNPA) are anticipated to witness an improvement, potentially decreasing to 2.1 per cent by the culmination of the fiscal year 2025. Overview of NPAs NPAs refer to loans or […]