National News
Union Minister launched ‘Bharat Steel’ logo, brochure and website
- Union Steel and Heavy Industries Minister, Hd kumaraswamyHas launched Logo, brochure and website Of ‘India Steel’Head of ministry International steel conferenceBut Vigyan Bhawan, New Delhi,
- Set for April 16-17, 2026But Bharat MandapamThe purpose of the event is to promote Permanent steelmakingattract Global stakeholderAnd India’s position as one Steel Innovation and Investment Hub.
- It will be facilitated Regional roundateables, CEO conference, Technology showcaseAnd Found buyer-sellerUnitedly Primary and secondary steel sector,
India receives 100 GW solar PV manufacturing milestone under ALMM
- Has reached India Historical milestone Of 100 GW Solar PV Module Manufacturing Capacity Below Approved list of models and manufacturers (ALMM)Huge increase in 2014 from just 2.3 GW.
- Union minister Pralhad Joshi Credit this growth to the leadership of PM Narendra Modi And as the initiative Production Linked Incentive (PLI) SchemeWhich has aligned with a strong, self -sufficient solar manufacturing ecosystem Atmanirbhar bharat vision and mission 500 GW Non-Givash capacity by 2030,
International news
3 ministers in India and Singapore New Delhi strengthen the strategic partnership in the roundate
- India and Singapore organized Third India-Singapore Ministerial Roundteable (ISMR) In New DelhiUnder the leadership of senior ministers Finance Minister Nirmala Citraman And Singapore Deputy PM Gan Kim YongTo deepen them Extensive strategic participation,
- The discussion focuses on six major columns: Digitization, Skill development, sustainability, Health care, Advance manufacturingAnd Connectivity,
- Emphasis on coordination between Government and industryRuns are also engaged with India-Singapore Business Roundable (ISBR) To find out the next phase opportunities in trade, investment and regional cooperation as per India East work And Indo-Pacific Vision,
US National Date Hits set a record of $ 37 trillion amid growing government expenses
- US National Date has extended a historic $ 37 trillionBefore this milestone was expected, it was inspired by borrowings related to epidemic and recent government expenses.
- Treasury departmentThe latest report highlights the growing fiscal burden on taxpayers.
- Earlier this year, former president Donald Trump Signed bills spent for deducting and spending a republican tax $ 4.1 trillion For loan in the next decade, according to Congressional Budget Office,
Banking news
RBI Greenlights Investment of SRVA surplus balance in government securities
- Reserve Bank of India (RBI) Is allowed Foreign institutions Catch Special rape your account (srvas) To invest their Surplus rupee balance In Central government securitiesInvolved Treasury bills,
- This step is part of the update Master direction on non -resident investment in debt equipmentEnables unused rupees with funds International trade settlements To be directed in Secured indian debt equipmentIncreasing investment flexibility for non-residents.
The government appoints merchant bankers and legal advisors for sale in LIC and PSB for sale
- Department of investment and public asset management (DIPAM) Has appointed Merchant banker and legal advisor For three years to manage Minority stake sale In LIC, Public sector banks (psb)And Insurance firm At the appropriate time.
- This step supports the government’s purpose to fulfill SEBI’s minimum public stake (MP) Criteria about 10%Especially for LIC, which is currently only 3.5% public float,
- Center can sell small bets in LIC and up to five PSB, and plan to make LIC qualified for LIC Benchmark index By increasing your public float, by increasing long -term investment capacity.
PSU banks write Rs 5.82 lakh crore in bad loans (FY21 -FY25) amid ongoing recovery efforts.
- Public sector banks (psb) has stopped ₹ 5.82 Crore In bad debts over the past Five financial yearwith ₹ 91,260 Crore Is written in 2024–25 Alone Minister of State for Finance Pankaj Chaudhary,
- Despite these right-offs, surroundings ₹ 1.65 crore Used to be RecoveredOnly amount 28% Of clan.
- This is done according to the right-off RBI guidelinesto do Borrower liabilities do not forgiveAnd through recovery efforts Legal channel Like Berth, Civil courtAnd Duplication Continue actively.
Bank of Baroda introduces global UPI services through Bob EPA app
- Bank of Baroda Has launched Global UPI features But Bob e pay appenable Border payment For Indian and NRI customers,
- Major characteristics include UPI Global Approve In Eight countries (Mauritius, Singapore, UAE, USA, France, Sri Lanka, Nepal, Bhutan), Real time inward removal From Singapore, and with UPI Access for NRI Nre/nro accounts,
- App supports seamless International digital transactions With a limit of ₹ 1,00,000 per transactionIncrease convenience and flexibility for users worldwide.
ICICI Bank reduces minimum remaining requirement after public outrage
- ICICI Bank has reduced it Minimum average balance (MAB) Need for new savings accounts in urban areas Rs 50,000 to Rs 15,000 Strong customer after backlash.
- In semi-urban areas, MAB was cut Rs 25,000 to Rs 7,500Whereas for existing customers in rural and semi-urban areas, it remains 5,000 rupees,
- This amendment comes shortly after lifting the MAB rapidly at the beginning of ICICI, like opposite with other banks SBIWhich ends the minimum balance regulations, and many others maintain less threshold between Rs 2,000 and Rs 10,000.
Economy news
India is ready to become the world’s most demanded consumer market: Morgan Stanley
- India Ready to be The world’s most demanded consumer marketAs Morgan StanleyOne -operated Major energy infectionGrowing Credit-to-GDP ratioAnd increased Manufacturing share in GDP,
- Major factors include Lower oil, Growing exports (especially services), Treasury consolidationAnd Decline in inflation declinesEveryone contributes Macro stability, Low actual interest ratesAnd a Domestic investment changes towards equity,
- Catalysts include a potential for further growth American trading deal, Capex boost, Debt accelerationAnd Improvement in trade with China,
Business news
JioFinance app’s new tax filing module: Cheap, Smart and Taxbody Purd
- Jio Financial Services (JFSL) Has launched a Payment Tax Plan and Foundery But Jiofinance appDeveloped in partnership with Karbudi,
- The module provides both Self-service (starting at ₹ 24) And Expert-assisted () 999) Tax filing options, target to simplify ITR filing and improve Deduct accuracy,
- In the main equipment Tax planner To introduce and reduce future liabilities, GovernanceAnd on guidance Cut under classes like 80 C and 80DHelping users to save money and avoid dependence on expensive middlemen.
Compromise news
Gift City and Gtu IFSC collaborate to pursue education and fintech innovation
- Gift city And Gujarat Technological University (GTU) Participation to increase IFSC Education, Fintech innovationAnd developing research Special course And the installation of one Centre of Excellence,
- The purpose of this cooperation is to make one skilled workforceIncrease Financial technology progressAnd strengthening India’s position Global financial ecosystemReinforcement Gujarat’s role as a major financial center,
Appointment news
Rajiv Pratap Rudy retained the post of CCI General Secretary of the Constitution Club of India
- Rajiv Pratap Rudy Maintained As their posts General secretary (administration) of Constitution Club of India (CCI)Defeating BJP leader Sanjeev Kumar Balyan 102 votes In a fierce competition “BJP vs BJP“Impressed by fighting Caste and regional mobility,
- Rudy safe widespread Cross-party supportHas held positions from opposition parties 25 yearsUnderlining its strong impact within the club, an important platform for MPs near Parliamentary house,
Ravi Narayanan appointed CEO of SMFG India Credit during strategic leadership
- Ravi Narayanan’s Appointment CEO Of SMFG India Credit One is Strategic milestoneFirst marking the head Change of leadership Post-Complete acquisition of SMFG Of Fulrton India Credit,
- In form of Alien For Fulrton, symbolizes their entry new era Of SMFG-leadership direction In India NBFC landscape,
Defense news
Bravery Awards should be announced for Operation Sindoor on 79th Independence Day
- Bravery Awards will be announced on Independence Day for defense personnel, who showed extraordinary courage Operation vermilionThis year was around “A prosperous, safe and bold naya continued rise”, marking the success of the operation as the major attraction of the celebrations of the celebrations.
- Defense award winners will be seated Red fort During prime minister Narendra Modi The address, which will highlight the achievements of the operation.
Sports news
India officially bid to host the 2030 Commonwealth Games: IOA approval confirmed
- Indian Olympic Association (IOA) Has officially approved India’s bid to host 2030 Commonwealth Games during this Special general meeting in DelhiIndia will submit its final proposal 31 August deadline,
- When successful, it will be marked India last hosted for 20 years In sports New Delhi in 2010Country First and only Time to host the iconic event.
Namrata Batra makes history, Wushu reaches 52 kg final in 2025 World Games
- Namrata Batra of India has made history by reaching 52 kg Wushu final of women Chengdu, in 2025 World Games in China.
- He defeated the Philippines Krizan Faith Colado 2–0, he secured India’s first world sports medal in WushuGuarantee of at least one silver medal.
- Namrata will now face China’s Menong Chain in the final on Tuesday, who are struggling to sleep. Additionally, Rishabh Yadav earned India’s first individual medal in the Games Men’s compound bronze in archery,
Obituriz news
VECE PAES, Olympic Hockey Medal Winner and Sports Administrator, passes on 80
Current Affairs today | 14 August Current Affairs 2025 | Daily Current Affairs by Ashish Gautam
