In May 2024, the gross Goods and Services Tax (GST) revenue reached ₹1.73 lakh crore, marking a notable 10% year-on-year growth. This surge was primarily fueled by a robust uptick in domestic transactions, which rose by 15.3%, while imports experienced a slight decline of 4.3%. The net GST revenue for May 2024, after factoring in …
India’s fiscal deficit for FY24 improved to 5.6% of GDP, down from the Revised Estimates of 5.8%, owing to higher-than-expected tax receipts. The deficit stood at Rs 16.54 trillion against the budgetary target of Rs 17.86 trillion. Net tax receipts surpassed projections at Rs 23.27 trillion, while total expenditure reached Rs 44.43 trillion, constituting 99% …
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In a first, the Reserve Bank of India (RBI) has cancelled the auction of 10-year green bonds as traders refused to pay the greenium, the premium for sustainability impact. This move highlights the market’s reluctance to invest at the desired yields, leading to significant financial implications. Market Reaction to Green Bond Auction The RBI had …
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Uttar Pradesh is India’s fourth largest state by area, covering 240,928 square kilometers. It is also the most populous state and has the highest number of districts in the country. Each district in Uttar Pradesh has its unique characteristics and historical significance. One such notable district is Farrukhabad, which is home to the renowned Mughal …
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India’s GDP growth rate jumped to 7.8% in Q4 of FY24, leading to an annual growth rate of 8.2%, as reported by the National Statistical Office (NSO) of the Ministry of Statistics and Programme Implementation (MoSPI). This exceeded the Reserve Bank of India’s (RBI) estimate of 7% for the full financial year 2023-24 (FY24) and …
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In a decision that marked the end of an era, Dinesh Karthik, the veteran wicketkeeper-batter, announced his retirement from all forms of cricket. The writing was on the wall after his emotional farewell from the Royal Challengers Bengaluru (RCB) franchise in the recently concluded Indian Premier League (IPL) season. A Glittering Career in Numbers Karthik’s …
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Uttar Pradesh, India’s fourth-largest state, is renowned for its diverse cultures and unique traditions. With the highest population density in the country, it also boasts the largest number of districts. Amidst the varied regions and districts of Uttar Pradesh, there lies a significant connection between a district and Anand Bhawan, a historical edifice with profound …
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Telangana Formation Day is a momentous occasion celebrated annually on June 2 in the Indian state of Telangana. This day marks the official establishment of Telangana as the 28th state of India on June 2, 2014, after years of struggle and aspirations for a separate state identity. The Journey to Statehood A Rich Cultural Heritage …
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On June 2, 2024, the world observes International Sex Workers’ Day, a day dedicated to raising awareness about the challenges and exploitation faced by sex workers worldwide. This annual event serves as a reminder of the importance of healthy working conditions, respect, and human rights for those engaged in the sex industry. The Historical Roots …
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World Bicycle Day on June 3, 2024, it’s time to embrace the sustainable and eco-friendly mode of transportation that not only reduces our carbon footprint but also promotes a healthy lifestyle. Bicycles have been an integral part of our lives, offering a liberating experience while contributing to a greener planet. History and Significance The idea …
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.
