Current Affairs

Asian Development Bank (ADB)

The Union Government and the Asian Development Bank (ADB) signed a $98 million loan on 29 November 2024 to improve horticulture crop farmers access to certified disease-free planting materials, which will boost their crops yield, quality, and resilience to climate impacts.

ASSOCHAM-Egrow report

According to the ASSOCHAM-Egrow report, Indias nominal GDP is forecasted to surge from $3.5 trillion in 2023 to $22.8 trillion by 2047, with an annual growth rate of 7.5.

The Asian Development Bank (ADB)

The Asian Development Bank (ADB) Board of Governors has unanimously elected Masato Kanda as ADBs 11th President on 28 November 2024.

Cabinet Committee on Economic Affairs (CCEA)

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi approved the Income Tax Departments PAN 2.0 project with an allocation of Rs.1,435 crore on 25 November 2024.

UNICEF

IndusInd Bank and UNICEF announced a strategic partnership to support the Disaster Resilient Communities and Climate Risk-Informed Efficient Administrative Systems as part of the Flagship CSR program of IndusInd Bank.

Reserve Bank of India (RBI)

Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed a Memorandum of Understanding (MoU) to establish a framework for promoting the use of local currencies Indian Rupee and Maldivian Rufiyaa in cross-border transactions.

S& P Global Ratings

S& P Global Ratings projected the Indian economy to grow between 6.5-7 percent annually in the three fiscal years till March 2027.

Reserve Bank of India

The Reserve Bank of India released its latest list of Domestic Systemically Important Banks (D-SIBs) on 13 Novembet 2024. The list includes State Bank of India, HDFC Bank, and ICICI Bank.

World Intellectual Property Indicators 2024 Report

According to the World Intellectual Property Indicators 2024 report, India secured sixth place globally for patents, trademarks, and industrial designs. This report was published by the World Intellectual Property Organization (WIPO) on 12 November 2024.

Global Tuberculosis Report 2024

Global Tuberculosis Report 2024 said that Indias journey towards tuberculosis (TB) elimination has been recognized globally, with a noteworthy 17.7 percent decline in TB incidence from 2015 to 2023.

Gross Goods and Services Tax

Gross Goods and Services Tax (GST) collection in 2024 October rose 9 percent to over 1.87 lakh crore, the second-highest ever, mainly due to rise in domestic sales and improved compliance