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Monthly Archives: April 2024

National Handmade Day 2024, Date, Significance and History

National Handmade Day 2024, Date, Significance and History

National Handmade Day is an annual celebration held on the first Saturday of April, which this year falls on April 6, 2024. This day is dedicated to honoring, appreciating, and recognizing the skilled individuals who create handmade goods. Significance of National Handmade Day The theme for National Handmade Day 2024 is ‘Buy a Handmade Product’. …

Mansukh Mandaviya's Plan to End Urea Imports by 2025

Mansukh Mandaviya’s Plan to End Urea Imports by 2025

India aims to halt urea imports by the end of 2025 by boosting domestic production and promoting alternative fertilizers. This is in response to the nation’s significant reliance on imports, which currently satisfy around 30% of its annual urea demand. Urea Production and Import Increasing Domestic Production Urea production has risen steadily, reaching 284.95 lakh …

Former Judge Najmi Waziri to Head Committee for Delhi Forest Protection

Former Judge Najmi Waziri to Head Committee for Delhi Forest Protection

The Delhi High Court has appointed former judge Najmi Waziri to lead a committee focused on safeguarding the forests in the national capital. This decision follows concerns about various government departments not fully cooperating with efforts to protect these vital natural resources. Appointment Amidst Concerns In response to a plea seeking better coordination among departments …

RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore

RBI Projects CPI Inflation at 4.5% for FY25

During the RBI Monetary Policy Committee (MPC) announcement, Governor Shaktikanta Das emphasized the importance of maintaining moderate inflation to ensure economic stability. The projected CPI inflation for the fiscal year 2024-25 (FY25) stands at 4.5%, with fluctuations across quarters. Inflation Outlook Current Scenario and Trends CPI inflation is expected to drop to 3.8% by Q2FY25 …

Divisions or Mandals of Madhya Pradesh

How Many ‘Divisions’ or ‘Mandals’ are there in Madhya Pradesh?

Madhya Pradesh, situated in the heart of India, is not only geographically central but also holds significant importance in terms of its administrative structure. One of the primary components of this structure is its division into smaller administrative units known as mandals or divisions. These divisions play a crucial role in the governance and development …

RBI Imposes Penalties on IDFC First Bank and LIC Housing Finance

RBI Imposes Penalties on IDFC First Bank and LIC Housing Finance

The Reserve Bank of India (RBI) has imposed monetary penalties on two financial institutions – IDFC First Bank and LIC Housing Finance – for non-compliance with various regulations. Penalty on IDFC First Bank The RBI has imposed a penalty of ₹1 crore on IDFC First Bank for non-compliance with certain directions on ‘Loans and Advances …

J&K Bank Introduces Virtual ATM Facility in Collaboration with Paymart India

J&K Bank Introduces Virtual ATM Facility in Collaboration with Paymart India

In a strategic partnership aimed at enhancing banking convenience, J&K Bank has teamed up with Paymart India Pvt Ltd to launch a Virtual ATM (VATM) facility. This innovative service enables cardless cash withdrawals for customers through local retailers, particularly benefiting areas like Jammu & Kashmir and Ladakh where accessibility to traditional ATMs may be limited. …

RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore

RBI Postpones Implementation of New Rules for Exchange-Traded Forex Derivatives

The Reserve Bank of India (RBI) has deferred the implementation of new regulations governing exchange-traded forex derivatives to May 3. These regulations, initially set to take effect imminently, aim to ensure participants in the market have genuine foreign-exchange exposure. However, the delay has prompted brokerages to urge clients to close out contracts, anticipating significant changes …