World Bank chief raises 2023 global growth outlook: World Bank Group President David Malpass has informed that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January 2023 forecast of 1.7%. April 2023 Current Affairs Quiz But the slowdown from stronger 2022 growth will increase debt distress for developing countries. Reason: The upward […]
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SBI to launch new current accounts and savings accounts in FY24: SBI is planning to launch new variants of the current a/c (with balances of ₹50,000 and ₹50 lakh) and the “Parivar” (family) savings a/c in FY24. Aim: To minimize the gap between deposit growth and credit growth. April 2023 Current Affairs Quiz Domestic deposits of SBI grew 8.86% year-on-year
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I-T dept notifies Cost Inflation Index for current fiscal: The Income Tax Department has notified the Cost Inflation Index (CII) for the current fiscal beginning April 2023, for calculating long-term capital gains arising from the sale of immovable property, securities, and jewelry. April 2023 Current Affairs Quiz CII is used by taxpayers to compute gains arising out of the sale of
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Gold Imports Dip 30% To $31.8 Billion in April–February 2023: India’s gold imports have declined by about 30% to $31.8 billion during April-February 2023, compared to the same period in the previous year, according to data from the country’s commerce ministry. The decline in gold imports is attributed to several factors, including high customs duty
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Mumbai among 19 cities with the best public transport in the world: According to a survey conducted by Time Out, a London-based media outlet that specialises in the hospitality industry and identifies itself as a global brand committed to urban life, Berlin in Germany has been named the city with the most exceptional public transportation
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IIT-Bombay and UIDAI join hands to develop touchless biometric system: The Unique Identification Authority of India (UIDAI) has partnered with the Indian Institute of Technology-Bombay (IIT-Bombay) to develop a touchless biometric capture system that is easy to use and accessible from anywhere. The collaboration entails the two organisations conducting joint research to develop a mobile
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IMF cuts India’s FY24 GDP forecast to 5.9%: The International Monetary Fund (IMF) has lowered India’s GDP growth forecast for fiscal year 2023-24 by 20 basis points to 5.9 percent. This latest forecast is slightly below the Reserve Bank of India’s projection of 6.4 percent. Despite the downward revision, India is still projected to be
‘Maratha Udyog Ratna 2023’ award: The founder of Jijau Educational and Social Foundation, Nilesh Bhagwan Sambre, was recently honoured with the “Maratha Udyog Ratna” award at the “Maratha Entrepreneurs Conference 2023.” The conference was organized by the “Maratha Entrepreneurs Development and Guidance Institute Maharashtra State”. Nilesh Sambre was honoured for his notable achievements in the
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International Day of Human Space Flight 2023 observed on 12 April: The International Day of Human Space Flight is observed on April 12th each year to commemorate the beginning of human space exploration and to recognise the significant contribution of space science and technology to the peaceful use of outer space. The United Nations General
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Ministry of Culture promotes Indian Folk Arts and Culture abroad through Global Engagement Scheme: Through various initiatives, India’s Ministry of Culture is dedicated to promoting Indian Folk Arts and Culture abroad. One such initiative is the Global Engagement Scheme, which organises Festivals of India in other countries to showcase the country’s rich culture, which includes
