Economy Current Affairs — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Sat, 21 Dec 2024
55th GST Council at Jaisalmer cuts GST on Fortified Rice Kernel to 5%, exempts gene therapy, raises rate on used vehicles to 18%
The GST Council chaired by Finance Minister Nirmala Sitharaman met in Jaisalmer, Rajasthan, on 21 December 2024 and recommended a series of rate changes and clarifications.
Mines Ministry holds roadshow in Porbandar, Gujarat, for India's first-ever auction of offshore mineral blocks
The Ministry of Mines presented the auction process for India's first offshore areas mineral blocks to industry at Porbandar, Gujarat, on 21 December 2024, highlighting lime-mud for cement.
Association of NPS Intermediaries launched in Mumbai; PFRDA Chairperson unveils logo
The Association of NPS Intermediaries (ANI) was launched at the Insurance Institute of India, Mumbai, on 21 December 2024 to bring together stakeholders of the National Pension System.
Fri, 20 Dec 2024
CCI approves UltraTech Cement's acquisition of The India Cements
The Competition Commission of India approved UltraTech Cement's acquisition of a controlling stake in The India Cements on 20 December 2024.
India and ADB sign $350 million policy-based loan under second subprogramme of SMILE logistics programme
The Government of India and the Asian Development Bank signed a $350 million policy-based loan on 20 December 2024 to support logistics reforms.
Thu, 19 Dec 2024
India and ADB sign $42 million loan for Maharashtra coastal protection project
The Government of India and the Asian Development Bank signed a $42 million loan on 19 December 2024 for coastal and riverbank protection in Maharashtra.
NITI Aayog releases report 'S.A.F.E. Accommodation: Worker Housing for Manufacturing Growth'
NITI Aayog released a report on 19 December 2024 on secure, affordable, flexible and efficient housing for industrial workers.
Wed, 18 Dec 2024
Tue, 17 Dec 2024
Mon, 16 Dec 2024
WPI inflation eases to 1.89% in November 2024
India's annual WPI-based inflation was 1.89% (provisional) for November 2024, the Ministry of Commerce and Industry said on 16 December 2024.
India's total exports for April–November 2024 estimated at USD 536.25 billion
India's total exports (merchandise and services) for April–November 2024 were estimated at USD 536.25 billion, up 7.61%, the Ministry of Commerce and Industry said on 16 December 2024.
Sat, 14 Dec 2024
Fri, 13 Dec 2024
CCPA issues notices to 17 direct selling entities for rule violations
The Central Consumer Protection Authority issued notices to 17 direct selling entities for violating the Consumer Protection (Direct Selling) Rules, 2021, it announced on 13 December 2024.
CCI issues cease and desist order against Table Tennis Federation of India
The Competition Commission of India passed a cease and desist order on 12 December 2024 (announced on 13 December 2024) against the Table Tennis Federation of India and three affiliates for abuse of dominance, but imposed no monetary penalty.
Thu, 12 Dec 2024
India releases Green Steel Taxonomy, first country to do so
Steel Minister H.D. Kumaraswamy released India's Green Steel Taxonomy at Vigyan Bhavan on 12 December 2024, making India the first nation to define green steel.
India's gross FDI inflows cross $1 trillion since April 2000
India's gross foreign direct investment inflows have reached $1 trillion since April 2000, the Commerce Ministry said on 12 December 2024, with H1 FY2024-25 inflows up nearly 26% to $42.1 billion.
Industrial output grows 3.5% in October 2024
India's Index of Industrial Production grew 3.5% in October 2024, up from 3.1% in September, according to quick estimates released on 12 December 2024.
Third India-UK Financial Markets Dialogue held at GIFT City
The third India-UK Financial Markets Dialogue was held at GIFT City, Gujarat, on 12 December 2024, hosted by the Department of Economic Affairs with HM Treasury.
Retail inflation eases to 5.48% in November 2024
All-India CPI inflation eased to 5.48% in November 2024 from 6.21% in October, with food inflation at 9.04%, according to data released on 12 December 2024.
Wed, 11 Dec 2024
Tue, 10 Dec 2024
MNRE amends ALMM Order: solar cells must come from List-II from 1 June 2026
On 10 December 2024, in India, MNRE announced an amendment to the ALMM Order, 2019, introducing List-II for solar PV cells and requiring solar projects to use cells from it from 1 June 2026.
CCI approves ADNOC's acquisition of Covestro AG
On 10 December 2024, in India, the Competition Commission of India announced its approval of the acquisition of Covestro AG by Abu Dhabi National Oil Company (ADNOC).
XV Finance Commission grants released for rural local bodies of Himachal Pradesh and Goa
On 10 December 2024, in India, the Union Government announced the release of Fifteenth Finance Commission grants for rural local bodies in Himachal Pradesh and Goa for 2024-25.
Mon, 09 Dec 2024
PM inaugurates Rising Rajasthan Global Investment Summit 2024 in Jaipur
On 9 December 2024, at the Jaipur Exhibition and Convention Centre, Jaipur, Rajasthan, PM Narendra Modi inaugurated the Rising Rajasthan Global Investment Summit 2024 and the Rajasthan Global Business Expo.
DPIIT signs MoU with Flipkart to invest in and mentor startups
On 9 December 2024, in India, DPIIT announced an MoU with Flipkart to support tech startups, building on Flipkart's Leap Ventures initiative and its USD 100 million fund.
Sun, 08 Dec 2024
Sat, 07 Dec 2024
IBBI and INSOL India hold International Conclave 2024 on insolvency resolution
On 7 December 2024, in New Delhi, the Insolvency and Bankruptcy Board of India and INSOL India held an International Conclave on 'Insolvency Resolution: Evolution & Global Perspective', with RBI Deputy Governor M Rajeshwar Rao as Chief Guest.
NMDFC and DICCI sign MoU to promote entrepreneurship
On 7 December 2024, in India, the National Minorities Development and Finance Corporation and the Dalit Indian Chamber of Commerce and Industry signed an MoU to promote entrepreneurship among marginalised communities.
Fri, 06 Dec 2024
RBI keeps repo rate at 6.50%, cuts CRR to 4%
On 6 December 2024, in India, the RBI's Monetary Policy Committee kept the repo rate unchanged at 6.50%, and the RBI cut the cash reserve ratio by 50 basis points to 4.0% in two tranches.
PM inaugurates Ashtalakshmi Mahotsav at Bharat Mandapam
On 6 December 2024, at Bharat Mandapam, New Delhi, PM Narendra Modi inaugurated the Ashtalakshmi Mahotsav celebrating the Northeast and unveiled a commemorative postage stamp.