Weekly Current Affairs (8th December to 14th December 2024)

Weekly Current Affairs (8th December to 14th December 2024)

Weekly Current Affairs   /   Weekly Current Affairs (8th December to 14th December 2024)

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Category : Business and economics Published on: December 15 2024

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  • RBI keeps repo rate at 6.50% but cuts CRR to 4%, lowers growth forecast to 6.6%, and raises retail inflation forecast to 4.8%.
  • SBI Card achieves a significant milestone with over 20 million credit cards now in circulation.
  • RBI will enable small finance banks to offer credit lines through the UPI platform.
  • India's FDI inflows have surpassed $1 trillion from April 2000 to September 2024, with major investors being Mauritius, Singapore, and the US, and key sectors including services, software, telecommunications, and manufacturing.
  • India plans to acquire a $4 billion wall-like radar system to counter Chinese threats from 6,000 km away.
  • Ajay Seth assumes additional charge as Revenue Secretary, succeeding Sanjay Malhotra, who has been appointed as the 26th Governor of the Reserve Bank of India.
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