BANKING & FINANCIAL CA IN FEBRUARY 2025

ECONOMY - 

* Government Of India Has Collected 1.96 Lakh Crores GST ON January 2025.

* Gujarat Has Reduced It's Debt To GSDP Ratio By 4.5%.

*  Bharat Sanchar Nigam limited (BSNL) Has Registered A Profit Of  Rs 262 Crores In Third Quarter Of 2024/25.

*  India's Overall Exports (Merchandise And Services) Increases To USD 74.97 Billion in January 2025.

*  State Bank Of India (SBI) Has Named The Most Valuable State Controlled Company In India In 2024 Burgundy Private Hurun India 500 Report.

*  State Bank Of India (SBI) Estimated Indian Economy Grow In Fourth Quarter (OCT- DEC) 6.2-63%.

RANKING - 

* India Hold The 5th Rank In The World's Top Economies With The GDP Of $4.3 Trillion in 2025. ( In Last 10 Years Comparison) 

* US - $ 23.7 T (2015) - 30.3 T (2025) 

* CHINA - $ 11.2 T (2015) - 19.5 T (2025) 

* GERMANY - $4.5 T (2015) - 4.9 T (2025) 

* JAPAN - $ 4.1 T (2015) - 4.4 T (2025) 

* INDIA - $2.4 T (2015) - 4.3T (2025) (77% Increase) 

* India's Real GDP GROWTH Rate Of 9.2% For 2023/24 (Highest Ever In Last 12 Years).

* FY 2025 GDP (ESTIMATE) 

* Uttar Pradesh State Government Has Presented Worth Rs 8,08,736 Crores For FY 2025/26.

* UPI TRANSACTION In January 2025 Surpassed 16.99 Billion, Rs 23.48 Lakh Crores.

* RBI Imposed Penalty Of Rs 66 Crores On HSBC For Non Compliance Of KYC.

SEBI - 

* Securities And Exchange Board Of India (SEBI) Has Implement A New Rule For Investment In SIF.

* Only Mutual Fund With 3+ Years Of Operation And Rs 10,000 Crores AUM To Launch The SIFs.

* Minimum Investment Of Rs 10 Lakh Per Investor Across All SIF Strategies.

* AMFI To Issue Guidelines By March 31.

RBI REPORT ON PRIVATE COMPANY - 

* RBI Released The India's Private Sector Companies Report In 2023/24 

* Operating Profit grows By 15.3% From 4.2%.

* Manufacturing Profit Rose By 13.2%.

* Post Tax Profit 16.3%.

PORTAL - 

*  Reserve Bank Of India (RBI) Has Launched The RBIDATA Mobile Application.

( That Provide Macro Economics Stats) 

* NHPC Limited Has Certified With The GREAT PLACE TO WORK CERTIFICATION.

* Paytm Launched India's First Solar Soundbox For Merchant.

HOST - 

* The Asia Economic Dialogue (AED) Schedule To Held At 20-22nd February 2025 In Pune, Maharashtra 

*  Union Finance Minister Nirmala Sitharaman Has Announced The Enhancement Of The Limit For The Interest Subvention Scheme For Kisan Credit Card From Rs 3 Lakh To 5 Lakhs.

* India's Retail Inflation Eased To 4.31% In January 2025 As Compared To 5.22% In December 2024.

* NTPC Has Been Included In The TIMES BEST COMPANIES ASIA PACIFIC 2025 

* TOP FIVE STATES WITH MOST NITI AYOG FISCAL HEALTH INDEX IN 2024 

DEVOLUTION REPORT - 

* Union Minister Of State Professor S P Singh Baghel Has Released The Report On Status Of Devolution To Panchayat In States In New Delhi.

* Devolution To Rural Bodies Increased From 39.9% To 43.9% Between 2013/14 To 2023/24.

* Karnataka Topped The Devolution Ranking 

* Second - Kerala THIRD - Tamilnadu 

NEW INCOME TAX BILL 2025 - 

* On 13th February 2025 Union Finance Minister Nirmala Sitharaman Presented The New Income Tax Bill At Lok Sabha.

* SIMPLE To Understand 

S - Streamline Structure And Language

I - Integrated And Concise

M - Minimize Litigation

P - Practical And Transparent 

L - Learn And Adapt 

E - Efficient Tax Reform

* objective To Reviewing IT Act Of 1961 

HISTORY OF INCOME TAX ACT 1961 

* ACT WAS Introduced In 1961 

* With 47 Chapters And 819 Sections

* 65 Times Act Amended Till Now 

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PROCESS INVOLVING DRAFT NEW IT BILL - 

* Planning Initiated In August 2024 With 6 Sub Committee

* 14 More Sub Committee Added On September 2024 22 In October 2024 

* total Sub Committee Was 26 

* All Sub Committee Has Submitted Draft To The TPL Division Of CBDT (CENTRAL BOARD OF DIRECT TAXES) Which Is Coordinate By Ministry Of Law And Justice By December 2024 

* The Committee Studied The Two Direct Draft Tax Code 

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APPOINTMENTS - 

* The Appointment Committee Of The Cabinet Has Approved The Appointment Of 

IAS Rajeev Singh Thakur As Advisor To NITI AYOG.

* Dr Madhavan Kutty G Has Been Appointed As The Chief Economist Of Canara Bank.

* K Balasubramaniam Has Been Appointed As The New Head Of Citibank.

* Shreekant, Former Chief General Manager Of State Bank Of India (SBI) Appointed As The Administrator To Observes The New India Cooperative Bank Financial.

*  Religare Enterprise Has Appointed Praveen Kumar Tripathi As Chairperson.

* Lok Sabha MP Baijayant Panda Has Been Appointed As The Chairperson Of The Committee To Examine The Income Tax Bill 2025.

* Standard Charted Appoint P D Singh As India' CEO.

* JSW MG Motor India Appoints Anurag Mehrotra As Managing Director.

*  Indian Overseas Bank Appoints Madhaw Chandra Jha As  The CFO Of The Bank.

* SBI Card Appoints Salila Pande As New Managing Director And CEO.

*  1987 Batch Odisha cadre IAS Tuhin Kant Pandey Has Been Appointed As The New Chairman Of SEBI. ( RECENTLY FINANCE DEPARTMENT) 

* Shri Biju George Has Assumed As The CMD Of Mazagon Shipyards Ducks Limited (MDL).

*  N Chandrasekhran Has Appointed As The Chairman Of The Ratan Tata Endowment Foundation. 

STEPS DOWN - 

* Sachin Bansal Has Steps Down As NAVI CEO 

* India Achieved A Historic Milestone Of 100 GW Solar Power Capacity.

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TRADING - 

* India Is The 6th Largest Exporter Of Textiles And Apparels ( Economic Surveys)

* India Exports USD 34 Billion Textile in 2023 

BANKING - 

* RBI Launched Bank. In Domain To Tackle Financial Frauds.

& Non Banking Financial Entitles - Fin. In

* RBI Announced The Repo Rate 6.25%.

* Standing Deposit Facility ( SDF) At 6.0%

* Marginal Standing Facility (MSF) At 6.5%

* Bank Rate At 6.5%

* RBI Estimate The Real GDP GROWTH 6.7%

* The Reserve Bank Of India (RBI) Has Lifted The Business Restrictions Imposed On Kotak Mahindra Bank Limited  

* RBI Approved The Setting Up Of An IFSC Banking Unit In GIFT City, Gandhinagar, Gujarat. ( Of Bank Of Maharastra)

* The Reserve Bank Of India (RBI) Has Restrictions On New India Cooperative Bank.

* Paytm Partners With SBI Mutual Fund Launched The JAN NIVESH SIP OF 250.

* Union Finance Minister Nirmala Sitharaman Has Launched The Mutual Credit Guarantee Scheme For MSME In Mumbai.

* BPCL & BRITANIA Have Been Excluded From NIFTY 50.

DIGITAL PLATFORM - 

*  Securities And Exchange Board Of India (SEBI) Has Launched The MITRA Digital Platform To Assist Investors In Tracking And Reclaiming Inactive Or Unclaimed Mutual Fund Folios.

AWARDS - 

* COAL INDIA Has Won GOLDEN PEACOCK CSR Award 2025.

* Shri Naveen, Srivastava, Director POWERGRID Has Been Honoured With The Prestigious GEEF Global HSE Leader Of The Year 2025.

* NTPC Has Been Honoured With The FORWARD FASTER SUSTAINABILITY Award In The Water Resilience Category By UN Global Compact Network India (UN GCNI) In Chennai.

* Hindustan Petroleum Corporation Limited (HPCL) Has Win The First Place In Best Enterprise Award At The Maharatna Category.

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* SIMENS INDIA Wins The Managing India Award 

16) JSW GROUP Received The MANAGING AWARD- BUSINESS LEADER OF THE DECADE Award.

* Income Tax Department Conferred With The Technology Sabha Excellence Award 2025.

BUDGETS - 

* Railway Budgets For States - 

* 23,778 Crores For Maharashtra 

* 19,858 Crores For Uttar Pradesh

* 17,155 Crores For Gujarat 

* 14,745 Crores For Madhya Pradesh

* 13,955 Crores For West Bengal 

* 10559 Crores For Odisha 

* 10066 Crores For Bihar

* 9960 Crores For Rajasthan 

* 9417 Crores For Andhra Pradesh 

* 7559 Crores For Karnataka

* 7302 Crores For Jharkhand 

* 6925 Crores For Chhattisgarh 

* 6626 Crores For Tamilnadu 

* 5421 Crores For Punjab 

* 5337 Crores For Telengana 

* 4641 Crores For Uttarakhand

* 3416 Crores For Haryana 

* 3042 Crores For Kerala 

* 2716 Crores For Himachal Pradesh

* 2593 Crores For Delhi

* 482 Crores For Goa 

KERALA - 

Kerala Finance Minister K N Bakagopal Presented The State Budget For 2025/26

* Union Finance Minister Nirmala Sitharaman Has Presented The Union Budget for FY 2025/26. (Estimated) 

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* Total Receipts Other Than Borrowing - 34.96 Lakh Crores

* Total Expenditure - 50.65 Lakh Crores 

* Fiscal Deficit - 4.4% Of GDP 

NUCLEAR ENERGY MISSION - 

* Development Of Atleast 100 GW Of Nuclear Energy By 2047.

* Nuclear Energy Mission For R & D Of Small Modular Reactors With An Outlay Of 2000 Crores 

* A Bharatiya Bhasha Pusthak Scheme To Be Implement For Indian Language Books For Schools And Higher Education.

* National Institute Of Food Technology, Entrepreneurship And Management To Be Set Up In Bihar.

* FDI Limit For The Insurance Sector To Be Raised From 74% To 100%.

* Makhana Board To Be Set Up In Bihar.

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