Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
Within how many working days will eligible online PF advance claims be processed under the new EPFO 3.0 rules?
Answer: Option
Explanation:
Under the new EPFO 3.0 reforms, eligible online PF advance claims linked with Aadhaar and verified KYC are processed much faster than before. The claim settlement period has been reduced from the earlier 7–20 working days to just 3 working days, making the withdrawal process quicker and more efficient. This digital initiative also includes a higher auto-settlement limit of ₹5 lakh, simplified withdrawal categories, and mandatory retention of 25% of the EPF balance while an employee remains in service. The reforms aim to improve convenience while protecting long-term retirement savings.
Date : 2026-07-10
2.
According to the IMF's revised World Economic Outlook, what is India's projected GDP growth rate for FY27?
Answer: Option
Explanation:
The International Monetary Fund (IMF) revised India's GDP growth forecast for FY27 to 6.4%, lowering it from the earlier estimate of 6.5%. The revision reflects concerns over rising global energy prices, including higher crude oil, natural gas, and fertilizer costs, which are expected to increase inflationary pressures and impact economic growth. Despite the downgrade, India's economy continues to be supported by strong domestic consumption and a resilient services sector. The IMF also expects growth to improve in FY28 as energy-related pressures ease, keeping India among the world's fastest-growing major economies.
Date : 2026-07-10
3.
By what percentage did global Foreign Direct Investment (FDI) increase in 2025, according to UNCTAD?
Answer: Option
Explanation:
According to the United Nations Conference on Trade and Development (UNCTAD), global Foreign Direct Investment (FDI) increased by 6% in 2025, reaching a total of $1.6 trillion. This marked the end of a two-year decline in global investment flows. Developed economies recorded stronger growth in FDI inflows than developing economies, while a significant share of global investments remained concentrated in the top recipient countries. The report also highlighted increasing investment in strategic greenfield projects, reflecting growing interest in sectors that support long-term economic growth, innovation, and sustainable development.
Date : 2026-07-09
4.
By what percentage did electric passenger vehicle retail sales surge year-on-year in June 2026, according to FADA?
Answer: Option
Explanation:
According to the Federation of Automobile Dealers Associations (FADA), electric passenger vehicle retail sales recorded an approximate year-on-year growth of 108% in June 2026, increasing from 15,318 units in June 2025 to 31,823 units in June 2026. This remarkable rise also boosted the segment's market share to 7.7% of total passenger vehicle sales. The strong performance reflects the increasing adoption of electric mobility in India, supported by growing consumer demand, improved charging infrastructure, wider model availability, and continued emphasis on clean and sustainable transportation solutions.
Date : 2026-07-09
5.
What was the year-on-year growth rate of India's gross GST collections in June 2026?
Answer: Option
Explanation:
India's gross GST collections recorded a year-on-year growth of 13.9% in June 2026, reaching ₹1,94,812 crore compared to ₹1,71,105 crore in June 2025. After accounting for refunds, net GST collections stood at ₹1,62,377 crore, reflecting an annual growth of 11.2%. The increase was driven mainly by strong import-related GST revenue, which surged by 34.6%, while domestic GST collections grew by 6.5%. The robust revenue performance highlights improved tax compliance, effective digital tax administration, and sustained economic activity despite global uncertainties, reinforcing the strength of India's GST framework.
Date : 2026-07-01
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