Context: As per the ICE Fiscal Year 2024 Annual Report, An Indian is deported every six hours in the U. S. Key Highlights: Intercontinental Exchange ICE, established in 2000, is a leading American multinational financial services company that operates global financial exchanges, clearing houses, mortgage technology, data, and listing services. H1B Visa Programme
World Bank raises China’s GDP forecast for 2024, 2025
Context: World Bank sees China’s gross domestic product growth at 4.9 per cent this year, up from its June forecast of 4.8 per cent. China’s GDP in 2024 is $18.28 trillion (nominal) Comparing GVA and GDP World Bank
Agricultural Loans and the Payback Potential in India
Context: Reduced NPA, showing that farmers are improving their repayment capacity. Highlights: Kisan Credit Card and PM KISAN
SYMSAC XI in Kozhikode
Context: The 11th Nation Symposium on Spices and Aromatic Crops or SYMSAC XI will be taking place in Kozhikode from January 7 to 9. Organized by the Indian Society for Spices (ISS). Key Highlights: The Indian Society for Spices (ISS) The Indian Society for Spices (ISS) was founded in 1991 aiming the advancement of research and development in spices, aromatic and related crops.
Prime Minister-Economists Pre-Budget Discussion
Key Highlights of the Discussion:
Economic growth in India and challenges ahead
India’s Trade Policy Reforms
Context: The Union Commerce Ministry is exploring ways to boost the export value of six product categories across 20 priority markets- the advanced Western nations, Russia, China and Indonesia. Key Highlights: European Free Trade Association (
Green Steel
Context: The finance ministry has rejected the steel ministry’s plan for a central public entity that would buy green steel in bulk. Context:
SteelMin wants Customs duty to double to 15%
The steel ministry has urged the Ministry of Finance to double the basic Customs duty on imported finished steel products to 15 per cent from the current 7.5 per cent in the upcoming Union Budget for 2025–26, people aware of the matter said.
Govt. will boost spending quality, cut fiscal deficit
Context: The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5% of the GDP in FY26, a Finance Ministry document said. Comparing GVA and GDP Fiscal Deficit
