Economy Current Affairs — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Thu, 07 Nov 2024
Wed, 06 Nov 2024
CCEA approves ₹10,700 crore equity infusion in FCI
On 6 November 2024, the Cabinet Committee on Economic Affairs approved infusion of ₹10,700 crore equity in the Food Corporation of India for working capital in 2024-25, by converting Ways and Means Advance to equity.
Fisheries Department notifies Tuna Cluster in Andaman and Nicobar Islands under PMMSY
On 6 November 2024, the Department of Fisheries notified the development of a Tuna Cluster in the Andaman and Nicobar Islands under the Pradhan Mantri Matsya Sampada Yojana.
India, ADB sign $200 million loan for Uttarakhand urban services
On 6 November 2024, the Government of India and the Asian Development Bank signed a $200 million loan for the Uttarakhand Livability Improvement Project to upgrade water supply, sanitation, urban mobility and other urban services.
Tue, 05 Nov 2024
IREL and Kazakhstan's UKTMP agree to form IREUK Titanium JV for Ti slag in India
On 5 November 2024, IREL (India) Limited and Kazakhstan's Ust-Kamenogorsk Titanium and Magnesium Plant JSC signed an agreement to set up IREUK Titanium Limited, an Indo-Kazakh joint venture to produce titanium slag in India.
Phase II retail sale of Bharat Atta and Bharat Rice launched
On 5 November 2024, Food Minister Pralhad Joshi launched Phase II of the retail sale of Bharat Atta at ₹30 per kg and Bharat Rice at ₹34 per kg by flagging off mobile vans of NCCF, NAFED and Kendriya Bhandar.
XV Finance Commission grants released to rural local bodies of Haryana, Tripura and Mizoram
On 5 November 2024, the Union Government said it had released Fifteenth Finance Commission grants for rural local bodies of Haryana (₹194.87 crore), Tripura (₹78.5 crore) and Mizoram (₹35.5 crore).
Fourth phase of mandatory gold hallmarking begins; 18 districts added
From 5 November 2024, the Bureau of Indian Standards began the fourth phase of mandatory hallmarking of gold jewellery, adding 18 districts and taking the total to 361.
Mon, 04 Nov 2024
Sun, 03 Nov 2024
Sat, 02 Nov 2024
Fri, 01 Nov 2024
Bibek Debroy, Chairman of the PM's Economic Advisory Council, passes away at 69
On 1 November 2024, economist Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister, passed away at 69; PM Modi called him a towering scholar.
India's coal production rises 7.48% to 84.45 MT in October 2024
On 1 November 2024, the Ministry of Coal said overall coal production in October 2024 reached 84.45 million tonnes, 7.48% higher than 78.57 MT a year earlier.
Coal India steps into its 50th year
On 1 November 2024, Coal India Limited stepped into its 50th year; it came into being on 1 November 1975 and produced 773.6 MT in FY 2024.
Thu, 31 Oct 2024
Wed, 30 Oct 2024
Eight core industries grow 2.0% in September 2024
On 30 October 2024, the Ministry of Commerce and Industry said the combined Index of Eight Core Industries rose 2.0% (provisional) in September 2024 over September 2023.
DoPPW notifies 3% additional DA/DR, taking central pensioners' Dearness Relief to 53%
On 30 October 2024, the Department of Pension and Pensioners' Welfare issued an OM raising Dearness Relief for central government pensioners and family pensioners from 50% to 53% with effect from 1 July 2024.
Tue, 29 Oct 2024
NPPA directs MRP cut on three anti-cancer drugs after customs exemption and GST cut
On 29 October 2024, the Department of Pharmaceuticals said NPPA, by an OM dated 28 October 2024, had directed manufacturers to reduce the MRP of three anti-cancer drugs — Trastuzumab, Osimertinib and Durvalumab.
Rajnath Singh reviews DPSUs, receives dividend cheques of ₹1,620 crore
On 29 October 2024, at South Block, New Delhi, Defence Minister Rajnath Singh reviewed the performance of Defence PSUs and received dividend cheques totalling ₹1,620 crore from seven DPSUs.
Mon, 28 Oct 2024
Sun, 27 Oct 2024
Sat, 26 Oct 2024
Telecom subscribers at 1,200.07 million and tele-density 85.43% as of 31 August 2024
On 26 October 2024, in India, the Ministry of Communications released telecom subscription data showing 1,200.07 million total telephone subscribers and an overall tele-density of 85.43% as of 31 August 2024.
ESIC adds 20.74 lakh new workers and 28,917 establishments in August 2024
On 26 October 2024, in India, provisional ESIC payroll data showed 20.74 lakh new employees and 28,917 new establishments added under the ESI Scheme in August 2024.
CBDT extends due date for certain income tax returns for AY 2024-25 to 15 November 2024
On 26 October 2024, in India, the Central Board of Direct Taxes extended the due date for furnishing returns of income for Assessment Year 2024-25 for certain assessees from 31 October to 15 November 2024.
Fri, 25 Oct 2024
21st Livestock Census launched; to cover over 30 crore households
On 25 October 2024, in New Delhi, Union Minister Rajiv Ranjan Singh launched the 21st Livestock Census, which will cover over 30 crore households and capture data on gender roles in the livestock sector.
Mudra loan limit raised to ₹20 lakh with new 'Tarun Plus' category
On 25 October 2024, in India, the Ministry of Finance said the loan limit under the Pradhan Mantri Mudra Yojana had been raised from ₹10 lakh to ₹20 lakh, with a new 'Tarun Plus' category, as announced in the Union Budget 2024-25.
Thu, 24 Oct 2024
Cabinet approves ₹1,000 crore Venture Capital Fund for space sector under IN-SPACe
On 24 October 2024, in India, the Union Cabinet chaired by PM Narendra Modi approved a ₹1,000 crore Venture Capital Fund for the space sector under the aegis of IN-SPACe, expected to support about 40 startups.
CCEA approves two railway projects worth ₹6,798 crore, including new line to Amaravati
On 24 October 2024, in India, the Cabinet Committee on Economic Affairs approved two railway projects worth about ₹6,798 crore: doubling of 256 km in north Bihar and a 57 km new line between Errupalem and Namburu via Amaravati.
NLC India signs agreements with RRVUNL for two power joint ventures in Rajasthan
On 24 October 2024, NLC India Ltd signed agreements with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to form two joint ventures for renewable energy projects and a lignite-based thermal power station in Rajasthan.
GeM signs MoU with Sikkim, completing coverage of all States and UTs
On 24 October 2024, in Gangtok, Government e Marketplace (GeM) signed an MoU with the Government of Sikkim to increase adoption of GeM, and with it GeM has covered all States and UTs of India.