Economics Scenario
One liner Current Affairs
- Croatia became the 20th country to adopt Euro as its currency.
- Amazon has become the most valuable brand in the world.
- US printed the first banknote with the signatures of two women (Janet Yellen and Marilyn Malerba).
- According to CEBR, India will be third largest economy by 2035..
- Recently the World Bank has estimated India's GDP growth rate to be 6.9% in 2022-23.
- India has become the first country to receive $100 billion in remittances.
- Recently Russia has become India's largest oil supplier.
- Recently Razor-Pay has become the first payment gateway to support credit cards on UPI
- India's first Gold ATM has been opened in Hyderabad.
- Recently IDFC First Bank has launched FIRSTAP, the first sticker based debit card.
- Russia has become the largest supplier of fertilizers to India.
- India became the second largest producer of steel in the world.
- On Oct. 28, foreign exchange reserves increased to $ 561.08 billion.
- Indian Ministry of Defence became the world's largest employer with 2.92 million employees.
- By 2029, India will become the third largest economy in the world.
- India ranks third in the world in terms of fish production.
- India has become the world's largest producer, consumer and second largest sugar exporter India overtook Britain to become 5th largest economy in the world.
- Gautam Adani has become the third richest man in the world.
- Foreign exchange reserves came down to $553.105 billion.
- India's first international bullion exchange was launched in Gujarat.
- South Korea has the lowest fertility rates in the world (0.81).
- Edelweiss MF introduced India's first gold and silver fund.
- State Bank of India has launched 'Utsav Fixed Deposit' scheme.
- Indian market will have 100% electric two wheelers by 2026-27
- According to UN, India will be the most populous country by 2023.
- India ranked 7th among FDI recipients according to UNCTAD
- India received FDI of $83.57 billion during the year 2021-22 Russia became India's second largest oil supplier after Iraq.
- India is the third largest oil importing country in the world.
- US became India's largest trading partner, leaving China behind.
- Saudi Aramco became the world's most valuable company.
- Recently HDFC Life has joined the UN as a signatory.
- According to the World Bank, India has overtaken Mexico to become the top remittance receiving country in 2021.
- India's trade deficit increased by 88% in FY 2022 Nexo has launched the world's first crypto-enabled payment card.
- Axis Bank was awarded the 'Asian Bank of the Year.
- HDFC Mutual Fund has launched a women-led financial em- powerment initiative 'Lakshmi Forlakshmi'
- The limit for investment of public debt through UPI has been increased by SEBI to Rs. 5 lakh.
- India ranks third in the population of billionaires globally.
- Nepal became the first country to adopt India's UPI system.
- JP Morgan has become the first bank to enter the metaverse America has become the top trade partner of India in the year 2021.
- LIC ranked 10th most valuable insurance brands globally.
- Paytm has introduced India's first intelligent messenger 'POPS'
- Formal transfer of Air India to Tata Sons for 18000 crores.
- Global unemployment estimated at 207 million in 2022.
- Deposits in PM Jan Dhan accounts exceed Rs 1.5 lakh crore.
- Apple became the first company to achieve a market value $3 billion.
- RBI has given scheduled bank status to Airtel Payments Bank JP Morgan named as the world's most systemic bank.
- HDFC Bank launched 'Keep your mouth closed' campaign.
- Video Life Certificate service launched by SBI for pensioners.
- PNB launches 6S-Abhiyan under Customer Outreach Programme.
- RBI has given scheduled bank status to Paytm Payments Bank
- Gujarat has become the largest manufacturing hub of India HDFC Bank has been adjudged 'Most Outstanding Company in India' by Asia Money.
- Recently, the Central Govemment has set up Bharat Debt Resolu- tion Company Limited (IDRCL) for the management of bad debts.