Current Affairs - Economy

Former Reserve Bank of India (RBI) governor, Raghuram Rajan, in collaboration with economist Rohit Lamba, has released the book 'Breaking the Mould: Reimagining India’s Economic Future,' exploring the Potential and Challenges of India’s economic trajectory.

Sikkim is the Indian state set to receive $100M from the World Bank for skill enrichment and job creation, targeting over 300,000 women and youth in sectors like renewable energy, IT, and hospitality.

The workshop took place in New Delhi, organized by the Department for Promotion of Industry and Internal Trade in collaboration with the World Bank. Participants discussed strategies for sustainable and affordable cooling solutions to address rising heat waves.

The loan agreement between the Government of India and ADB is valued at $250 million, which is equivalent to 37 billion Japanese Yen. This funding will be used to support the ongoing construction of the Delhi-Meerut RRTS corridor, a high-speed rail link that aims to improve connectivity and transportation between the two cities.

According to the World Bank's Migration and Development Brief, India secured the top position in global remittances in 2023, with a total of USD 125 billion, reflecting a significant financial contribution from its diaspora.