Nomura Prediction for India in FY24: Nomura predicts that India’s growth will drastically slow down to 5.2% in 2023–24 (FY24) from 7% in the current fiscal year due to the spillover effects of the global downturn. The Japanese brokerage batted for policy vigilance amid the global headwinds, ...

Centre raises credit guarantee limit for airlines sector: The Department of Financial Services (DFS) has modified the Emergency Credit Line Guarantee Scheme (ECLGS) for the aviation sector. October 2022 Current Affairs Quiz The department has raised the scheme’s cheaper loan limit to ...

Gross Direct Tax Collection Registered Growth of 30% in 2022-23: The Central Board of Direct Taxes(CBDT) in a statement said that the net direct tax collections so far this financial year are at ₹700,669 crore, an increase of 23% as compared to ₹568,147 crore till the same period of the ...

Railway’s Revenue Up 38 % to Rs 95,486.58 Cr: The overall revenue of Indian Railways at the end of August 2022 was Rs 95,486.58 crore, showing an increase of Rs 26,271.29 crore or 38 per cent over the corresponding period of last year, an official statement said on Sunday. The revenue from ...

SEBI has joined the Account Aggregator framework of RBI, this will boost the regulated financial-data sharing system. It will allow customers to share information about their mutual fund and stock holdings with financial service providers. The account aggregator (AA) is ...

Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank’s comfort level of 6 per cent for the seventh consecutive month. With retail inflation continuing to remain high despite a fall in prices of vegetables and edible oils, among ...

Max Life Insurance Company Ltd has launched Max Life Smart Secure Easy Solution, a comprehensive three-in-one protection of life, critical illness & disability and accidental cover. It covers self-employed individuals, salaried and other professionals to comprehensively ...

The financial inclusion (FI) index of Reserve Bank of India’s (RBI) has increased to 56.4 in March 2022 from 53.9 in March 2021. It shows growth in across all sectors across the country. Financial inclusion index was constructed to capture the extent of financial inclusion ...

India has contributed USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). India is a dedicated donor to UNRWA and donated USD 20 million in support of core UNRWA services to Palestine refugees across the Middle East ...

The government has declared "zero coupon zero principal instruments" as securities. Zero coupon zero principal instrument:  An instrument issued by a Not for Profit Organisation, will be registered with the social stock exchange segment of a recognised stock exchange. These will ...