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Why in the news? According to ICRA, the Gross Direct Premium Income (GDPI) of India’s general insurers is projected to reach ₹3.7 trillion by FY26. This marks a 32% increase from the ₹2.8 trillion recorded in FY24. About the Gross Direct Premium Income (GDPI): GDPI: Revenue from selling insurance policies, termed Gross Direct Premium Income. …
Read MoreWhy in the news? The National Stock Exchange (NSE) is set to implement a one paisa tick size for all stocks priced below ₹250 starting June 10. This initiative aims to boost liquidity and improve price discovery by enabling more precise price adjustments. source:frontiers Key points: Tick size for all stocks Tick size: Minimum price …
Read MoreWhy in the news? NTPC’s shares have surged, reflecting investor optimism about the potential value of its renewable energy subsidiary, NTPC Green Energy, which aims to significantly expand its capacity by FY32. The company plans to scale its renewable energy capacity to 60,000 MW by FY32, making up 46% of its total capacity target. Source:researchgate …
Read MoreWhy in the news? India’s rice stocks in state-owned granaries are at a record high, prompting the government to consider reducing inventories by increasing rice allocation in the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and lowering prices for open market sales. Despite the surplus, rice inflation remains high due to insufficient uptake of government …
Read MoreWhy in the news? A total of 27 oxygen cylinders were found inside and outside Baby Care New Born Child Hospital in Vivek Vihar, where a tragic blaze claimed the lives of seven newborns. Five cylinders exploded during the fire, injuring five infants. A National Commission for Protection of Child Rights (NCPCR) report noted serious …
Read MoreWhy in the news? Polish defense officials unveil plans to fortify the eastern border with Russia and Belarus. The move is in response to perceived hostile actions, including cyberattacks, arson attempts, and illegal migrant crossings, attributed to Russia and Belarus. Poland, a NATO member supporting Ukraine, sees these actions as threats aimed at destabilizing the …
Read MoreSyllabus: GS-2: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Why in the news? Decline in agricultural imports by 8% in 2023-24. Government liberalizes pulses at zero duty to control inflation. Need for integrating trade policy with MSP highlighted. source:slideshare Focus: Effective trade policies, particularly import liberalization, need to …
Read MoreWhy in the news? For the first time in months, Hamas launched a barrage of rockets from Gaza, triggering air-raid sirens in Tel Aviv. No casualties or damage were reported; it was the first long-range attack from Gaza since January. The Ezzedine al-Qassam Brigades, Hamas’s military wing, claimed responsibility. About Tel Aviv City : Tel …
Read MoreWhy in the news? India experienced a trade deficit in 2023-24 with nine of its top 10 trading partners, including China, Russia, and Singapore, among others, according to official data. The deficit widened with China, Russia, Korea, and Hong Kong compared to the previous fiscal year, while it narrowed with the UAE, Saudi Arabia, Indonesia, …
Read MoreWhy in the news? Cyclone Remal’s landfall and wind speeds up to 120 kmph prompted suspension of air and train operations in West Bengal, affecting travel and prompting emergency response measures. Heavy rainfall and potential flooding in South Bengal led to the establishment of control rooms and relief efforts to manage the impact. Source:IMD About …
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