In an event organized by the South Indian Panchayat Association in Coimbatore, Piyush Goyal, the Union Minister of Textiles, inaugurated the statue of RK Shanmugam Chetty, who served as the first Finance Minister of independent India. A Tribute to RK Shanmugam Chetty: Unveiling of a Historical Statue Commencing the event, a statue paying homage to …
In the first four months of the 2023-24 financial year, India’s fiscal deficit has surged, surpassing a third of the full-year target. This financial imbalance, measured as the difference between government expenditure and revenue, is a critical indicator of the government’s borrowing needs. Fiscal Deficit Overview: As of the end of July, the fiscal deficit …
Continue reading “Centre’s Fiscal Deficit for April-July Reaches 33.9% of FY24 Target”
In a significant economic development, India’s Gross Domestic Product (GDP) demonstrated robust growth, surging to 7.8% in the first quarter of the fiscal year 2023-2024, compared to a 6.1% growth rate recorded in the preceding January-March quarter of the fiscal year 2022-23. This acceleration is indicative of a positive economic trajectory and holds great implications …
Continue reading “India’s GDP growth accelerates to 7.8% in April-June quarter”
Punjab National Bank (PNB) has become the first public sector bank to facilitate effortless credit availability for Micro, Small, and Medium Enterprises (MSMEs) via GST invoices. The bank has unveiled a dedicated mobile application for the GST Sahay scheme. This innovative digital solution facilitates comprehensive lending procedures based on GST invoices, ensuring a seamless end-to-end …
Continue reading “PNB Launches App To Enable MSMEs Access Instant Loans Using GST Invoices”
Nagaland has taken a pioneering step in the North Eastern region by launching the Aadhaar-Linked Birth Registration (ALBR) system. This groundbreaking initiative focuses on simplifying the procedures of birth registration and Aadhaar enrolment for children aged 0 to 5 years. The commencement of the launch was formally led by Commissioner T Mhabemo Yanthan. During the …
Russia is set to embark on a historic journey by launching its first Islamic banking pilot program on September 1. With a considerable Muslim population of approximately 25 million, the move aims to tap into the potential of Islamic finance, which has already had a presence through institutions but lacked official recognition. President Vladimir Putin’s …
Continue reading “Russia Launches Islamic Banking Pilot Program: Exploring Shariah-based Finance”
Gabon, an oil-producing country in Central Africa, has experienced a coup led by military officers. President Ali Bongo was placed under house arrest after being declared the winner of a disputed election. This marks the eighth coup in West and Central Africa since 2020, reflecting a trend of democratic setbacks in the region. Other countries …
The government appointed Jaya Verma Sinha as the first woman Chairperson of the Railway Board, the top decision-making body for the Ministry of Railways. Ms. Sinha is the first ever woman to head the Board in its 118-year-old history. The Railway Board came into effect in 1905. She will assume office on or after September …
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The Ramon Magsaysay Award, often called the ‘Nobel Prize of Asia’, is a notable accolade that represents exceptional spirit and influential leadership. This year, in the ceremony’s 65th edition, four Asians were given the Ramon Magsaysay Award, joining the ranks of Sir Fazle Hasan Abed, Mother Teresa, Dalai Lama, Satyajit Ray, and many others. They …
Continue reading “65th Ramon Magsaysay Awards 2023 Winners List”
Welcome to the Current Affairs Section of Adda247. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. All the important updates based on current affairs are included in this Daily Current Affairs 2024 article.
