Current Affairs

Asian Development Bank (ADB)

The Government of India and the Asian Development Bank (ADB) on 20 December 2024 signed a $350 million policy-based loan under the second subprogram of Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program.

India Ratings and Research (Ind-Ra)

India Ratings and Research (Ind-Ra) has projected Indias economy to grow by 6.6 in 2025-26. The agency forecasts a 6.4 growth for 2024-25.

Asian Development Bank (ADB)

The Union Government and the Asian Development Bank (ADB) signed a 42 million dollar loan on 19 December 2024 to strengthen coastal protection to help boost community resilience in Maharashtra.

Top 200 Self-Made Entrepreneurs of the Millennium 2024

IDFC FIRST Private Banking and Hurun India launched the second edition of the IDFC FIRST Private Hurun Indias Top 200 Self-Made Entrepreneurs of the Millennium 2024

Public Sector Banks (PSBs)

According to the Finance Ministry, Public Sector Banks (PSBs) in India have recorded their highest-ever aggregate net profit of Rs.1.41 lakh crore in the financial year 2023-24.

Elon Musk

Elon Musk became the first person in history to achieve a net worth exceeding $400 billion, according to the Bloomberg Billionaires Index.

Foreign Direct Investment (FDI)

India has marked a significant achievement in its economic progress with foreign direct investment (FDI) inflows crossing the $1 trillion (Rs. 84 lakh crore) mark from April 2000 to September 2024.

Sanjay Malhotra

Sanjay Malhotra took charge as the 26th Governor of the Reserve Bank of India on 11 December 2024 for a three-year term.

Asian Development Bank (ADB)

The Asian Development Bank (ADB) lowered its India growth forecast for the current financial year (FY25) to 6.5 percent from 7 percent earlier. It also revised downwards its forecast for FY26 to 7 percent from 7.2 percent earlier.

Reserve Bank of India (RBI)

Reserve Bank of India (RBI) has announced Introduction of the Secured Overnight Rupee Rate (SORR) a benchmark based on the secured money markets.

Foreign Direct Investment (FDI)

Foreign Direct Investment (FDI) inflows into India have crossed the $1 trillion milestone (Rs.84 lakh crore) in the April 2000-September 2024 period, firmly establishing the countrys reputation as a safe and key investment destination globally.

Central Statistics Office (CSO)

The Union Government announced its decision to change the base year for GDP calculation from 2011-12 to 2022-23 on 2 December 2024.

Goods and Services Tax (GST)

The total gross Goods and Services Tax (GST) collections grew 8.5 percent to over Rs.1.82 lakh crore in November 2024 as compared to the same month in 2023. The total gross GST revenue in November 2023 was Rs.1.68 lakh crore.