German Economy Expected to Shrink Further in 2024 Sub : Eco Sec: National Income Economic Contraction Forecast: Germany’s economy is projected to shrink by 0.1% in 2024, according to a joint statement by five leading economic institutes: DIW, Ifo, IfW Kiel, IWH, and RWI. This follows a contraction of 0.3% in 2023. The […]
Indian Steelmakers Demand Protection from Rising Chinese Imports Sub: Eco Sec: External Sector Appeal for Safeguards: Indian steelmakers have urged Finance Minister to implement safeguard measures to protect domestic investments and industries from predatory-priced imports of steel from China. Steelmakers, through the India Steel Association (ISA), are requesting the imposition of anti-dumping duties, […]
Australia’s decision to extend life of coal mines slammed Sub: Eco Sec: Eco Geo Context: Australia’s decision to extend the lifespan of three coal mines was branded as a “betrayal” by climate groups who said that it meant another 3 billion tonne of emissions will be pumped into the atmosphere. Details: Three thermal […]
Bank Bond Issuances Set for Record High in FY 2025 Sub: Eco Sec: Monetary Policy Expected Record Issuances: Bond issuances by banks are projected to reach an all-time high of ₹1.2-1.3 lakh crore in FY2025, surpassing the previous record of ₹1.1 lakh crore in FY2023. This surge is driven by tight liquidity conditions […]
Indian Steelmakers Demand Protection from Rising Chinese Imports Sub: Eco Sec: External sector Appeal for Safeguards: Indian steelmakers have urged Finance Minister to implement safeguard measures to protect domestic investments and industries from predatory-priced imports of steel from China. Steelmakers, through the India Steel Association (ISA), are requesting the imposition of anti-dumping duties, […]
F&O Traders’ Losses and Gains: A SEBI Study Analysis (FY22-FY24) Sub: Eco Sec: Capital Market SEBI Study Findings: A SEBI study revealed that futures and options (F&O) traders in India lost a staggering ₹1.81 lakh crore during the period FY22-FY24. In FY24 alone, individual traders incurred a loss of about ₹75,000 crore. Losses […]
Nifty and Sensex Outperforming Global Markets in 2024 Sub: Eco Sec: Capital Market Performance Overview: India’s NSE Nifty 50 and S&P BSE Sensex have emerged as top-performing indices in 2024, ranking third and fourth among major global bourses. Nifty gained 18.7%, while Sensex rose 17% during the year, trailing only behind Wall Street’s […]
GST Council’s Tax Rate Rationalization Efforts Sub : Economy Sec: Fiscal Policy Why in News The Goods and Services Tax (GST) Council is currently reassessing tax rates for various items to ensure rationalization. This initiative has gained attention due to its delays caused by the COVID-19 pandemic and state elections. Union Finance Minister […]