Category: Economy Institutions
GDP Estimate 2024-25
The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) recently released the First Advance Estimates of Annual Gross Domestic Product (GDP) for the Financial Year (FY) 2024-25, including its expenditure components at both Constant (2011-12) and Current Prices.
Green Banks
A recent study by the Council on Energy, Environment and Water (CEEW) and the Natural Resources Defense Council India (NRDC) emphasized the necessity of establishing a green bank in India.
Nidhi Companies
Ministry of Corporate Affairs (MCA) and Registrars of Companies (RoCs) significantly intensified action against Nidhi companies and firms defaulting on beneficial ownership disclosures.
Directorate of Revenue Intelligence
Directorate of Revenue Intelligence (DRI) released ‘Smuggling in India’ report 2023-24
RBI Governor
Sanjay Malhotra was appointed as the 26th Governor of the Reserve Bank of India.
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Trump’s threat to impose 100% tariffs on BRICS nations for ditching the dollar highlights the critical role of SWIFT in global financial transactions, impacting countries like India.
Serious Fraud Investigation Office (SFIO)
Bombay HC directs SFIO not to take coercive action against former ICICI Bank CEO Chanda Kochhar
Debt Recovery Tribunals
Supreme Court issued notice to Ministry of Finance highlighting critical vacancies in Debt Recovery Tribunals (DRTs) across India.
World Bank
Recently, the World Bank has increased its lending capacity by 50% through balance sheet optimisation