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, and underlined that macro stability should be the priority, […]
Nomura Prediction for India in FY24: 5.2% Slowdown in Growth Rate Read More »
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 ₹1,500 crore from ₹400 crore. Aim: To help the sector tide over cash-flow problems. As per the modified
Centre raises credit guarantee limit for airlines sector Read More »
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 corresponding financial year. The total includes corporation tax of ₹368,484 crore and personal income
Gross Direct Tax Collection Registered Growth of 30% in 2022-23 Read More »
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 passenger traffic was
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 a licensed by the RBI to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users
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 other commodities in July, the
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 guard against life’s uncertainties. Aim: Providing financial protection in case of any uncertainties in life with an accidental cover option and Max Life Critical
Max Life Insurance launches ‘Smart Secure Easy Solution’ Read More »
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 across the country. Sectors: Banking, investments, insurance, postal, pension sector. This index has been created without
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 since 2018. The UNRWA was established as a humanitarian agency in 1949. This
India grants USD 2.5 million to UNRWA for Palestine refugees Read More »
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 be governed by rules made by the Securities and Exchange Board of India. Social Stock Exchange: To serve
Govt declares ‘zero coupon zero principal instruments’ as securities Read More »
