News and Updates

India's GDP Growth

India’s GDP Growth soars to 8.4%, growth in FY24 to be at 7.6%

The December quarter had an 8.4% growth in India’s gross domestic product (GDP), according to figures released on February 29 by the Ministry of Statistics and Programme Implementation. This quarter’s 8.4% year-over-year increase is the highest since 2022’s second quarter, exceeding 6.6% of projections. In its second advance estimate of the national accounts, the NSO …

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PM Kisan Samman Nidhi Scheme

All You Need to Know PM Kisan Samman Nidhi Scheme!

The government of India introduced the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) in February 2019 with the goal of helping small and marginal farmers in the country with their income. What you need know about the plan is as follows: The overall goal of the Pradhan Mantri Kisan Samman Nidhi initiative is to encourage small …

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Downfall of Byju's

What is the Reason for the Downfall of Byju’s?

The top online learning platform in India, BYJU’S, has transformed education by giving students all throughout the nation easily accessible and interesting learning opportunities. With a wide variety of courses spanning science, math, and other areas, BYJU’S is now known for its innovative and high-quality instruction. Learners of all ages have been enthralled with its …

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Paytm Money

Is Paytm Money Reliable in Protecting Your Money?

The Indian bank regulator, RBI, has told Paytm Payments Bank to stop taking on new customers right away. This is because of a law called the Banking Regulation Act, which allows the RBI to do this if they find problems with a bank. With effect from February 29, 2024, all client accounts, prepaid cards, wallets, …

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What is MSP Benefits, Works and Guidelines!

What is MSP? Benefits, Works and Guidelines!

The government has established the Minimum Support Price (MSP) system in agricultural economies to guarantee farmers a minimum price for their commodities. The government sets the MSP in order to shield farmers from changes in the market and guarantee them a fair price for their produce. Here’s a summary of its advantages, methods, and rules: …

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UK Economy Enters Recession as GDP Falls 0.3%!

UK Economy Enters Recession as GDP Falls 0.3%!

The British economy entered a recession in the second half of 2023, which created a challenging environment for Prime Minister Rishi Sunak’s expected election this year. Sunak has promised to quicken expansion. The gross domestic product (GDP) contracted by 0.1% in July, September, and October, and then by 0.3% in the three months that followed …

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Supreme Court Declares Electoral Bonds Unlawful,

Supreme Court Declares Electoral Bonds Unlawful, Citing Violation of Right to Information

The Supreme Court overwhelmingly determined on Thursday that the electoral bonds programme, which gives political donors complete confidentiality, and significant legal changes permitting big business to make unlimited political contributions are “unconstitutional and manifestly arbitrary.” In his main judgement, Chief Justice Chandrachud noted that the total non-disclosure of the source of political money through electoral …

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Indian Launched UPI

Indian Launched UPI Payment services in Sri Lanka and Mauritius

India has taken a significant step towards bolstering its financial cooperation and digital connectivity with the successful launch of its Unified Payment Interface (UPI) services in Mauritius and Sri Lanka. Additionally, in Mauritius, RuPay card services have been introduced, further enhancing the reach of Indian digital payment solutions. Through these strategic initiatives, India aims to …

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IRDA and its role

What is IRDA and its role? Exam and Certification!

Overview of IRDA Established by the Insurance Regulatory and Development Authority Act, 1999, the Insurance Regulatory and Development Authority of India (IRDA) is a statutory agency. Its main goal is to promote and regulate India’s insurance sector. In addition to fostering fair competition and ensuring the financial soundness of insurance businesses, IRDA safeguards the interests …

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Repo Rate Unchanged

The Repo Rate is Left Unchanged by the RBI for the Sixth Time in a Row

The task of determining the policy repo rate to meet the inflation target while keeping growth in mind has been given to the monetary policy committee. Although it is still high and was 5.69 percent in December 2023, retail inflation in the current fiscal year has decreased from its top of 7.44 percent in July …

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