All exams GA
Disbursement of Money to Sahara Group Depositors
- Amount of ₹2,025.75 crore disbursement to 1.15 million depositors of the Sahara Group of Cooperative Societies by January 28, 2025.
- Refunds were made via CRCS Sahara Refund Portal.
PACs Allowed to Fuel Retailing
- Twenty six Primary Agricultural Credit Societies (PACs) have been selected for the establishment of petrol and diesel outlets from a total of 286 applications by Oil marketing companies.
- PACs can now be permitted by the Government to operate fuel retailing and LPG distributorships.
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AI Centers of Excellence (CoE) Announced
- Four most relevant institutions for AI research are as follows:
- AIIMS Delhi Health
- IIT Delhi Sustainable Cities
- IIT Kanpur Agriculture
- IIT Ropar Agriculture
Recovery of ₹3.58 Trillion under Insolvency Process
- 1,119 of such cases have been resolved under the IBC as on December 31, 2024.
- 2,707 cases have ended in orders of liquidation.
- Final reports submitted in 1,274 cases.
Important points by finance minister during Budget Discussions
- Global Economic Indecision
- Conflicts in West Asia, Russia Ukrainian war, slow growth in global GDP and inflation challenges.
- Priorities emphasized for Budget 2025 26 include
- Growth on faster track, including development in all forms increasing investment from the private sector ramping up on the ground task consumption boost employment led growth export shadow and manufacture push, capital expenditure.
- ₹15.48 trillion has been forecast for FY26 (4.3% of GDP) in Capital Expenditure (CapEx above).
- The fiscal deficit target is pegged at 4.4% of the GDP.
- Inflation & Rupee Stability
- Inflation continues to remain below 2.6% target range.
- Fluctuation of the rupee is because of global and domestic factors.
