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The Global Multidimensional Poverty Index (MPI) & Global Hunger Index The Global Multidimensional Poverty Index (MPI) The Global Multidimensional Poverty Index (MPI) is a joint publication by the United Nations Development Program 4 Jan 2025 India’s Poverty Rate Declines in FY24 Context: In FY24, rural poverty declined to below 5% for the first time; this decline can be attributed to higher consumption growth in the 0% fractile, a shift 4 Jan 2025 ‘Made in India’ Chip Context: Tata Electronics' first "Made in India" chips are expected to be unveiled by late 2025 or early 2026. The chips will be produced at a semiconducto 4 Jan 2025

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Economic Indicators and Finance Ministry’s Outlook for 2024-25 GDP growth declined Declined to 5.4% in Q2 2024, which is considered a mere pause and growth is likely to pick up pace in the next quarters. Sustained slowing o 4 Jan 2025 Netbanking 2.0: NPCI’s Pilot for Easier Mobile Payments Context: NPCI is piloting Netbanking 2.0 to make mobile payments easier. Key Highlights: Aims The pilot aims to popularize more payment avenues, which will redu 4 Jan 2025 1New Tax Rule by Ministry of Finance Context: No buyer will be subjected to tax deduction for purchases made by him after receipt by an International Financial Services Centre or IFSC-seller as fro 4 Jan 2025 National Co op, Cosmos Bank merger gets RBI approval Context: The Reserve Bank of India (RBI) on Friday has allowed the merger of National Cooperative Bank with Cosmos Cooperative Bank effective from January 6, 20 4 Jan 2025 Bank Loan Growth in Q3FY25 Context: Deposits, as Bank of Baroda stated, increased by 9.23% y-o-y in Q3FY25, reaching a domestic deposit amount of ₹ 11.65 trillion. Loans are up by 11.76% 4 Jan 2025

Securitisation Volumes Rise in Q3FY25 Context: Securitisation volumes are expected to have surpassed ₹ 68,000 crore in Q3FY25: ICRA Securitization Volumes Securitization volumes in banking is t 4 Jan 2025 SBI Schems to Boost Deposit Mobilisation Context: State Bank of India – the country´s largest lender – has unveiled two new schemes to boost deposit mobilisation at a time when most banks are facing ch 4 Jan 2025

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