General Awareness

BUSINESS AND ECONOMY - July 2022

Jul 2022

Sep 22, 2025

India Ranks 4th in Apac for Real Estate Capital Inflows in H1 2025

India emerged as the fourth-largest global destination for land and development capital in the first half of 2025, underscoring its growing prominence in Asia-Pacific's (Apac) real estate landscape.
According to Colliers' latest "Investment Insights H1 2025" report, released in September 2025.
Global real estate investment stayed strong in the first half of 2025 despite slower economic growth.
Colliers' "Global Capital Flows" report shows the United States remained the top destination for cross-border capital into standing assets, attracting $24.3 billion over 12 months.
The UK followed with $22.1 billion, while Australia ($13.8 billion) and Poland ($10.9 billion) performed strongly, with Poland beating its five-year average.

Sep 21, 2025

Oil India Inks JV Pact with RVUNL to Construct RE Projects

Oil India signed a joint venture (JV) agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to establish a joint venture company (JVC) for developing renewable energy (RE) projects in Rajasthan.
The JVC will develop 1.2 GW of renewable energy projects, comprising 1,000 MW of solar and 200 MW of wind, within RVUNLs Renewable Energy Park in Rajasthan.
The JVC will harness OILs energy sector expertise and RVUNLs extensive experience in power project development to deliver sustainable energy solutions.
The partnership will focus on solar, wind, green hydrogen, and other renewable energy initiatives, supplying clean power to Distribution Companies (DISCOMs) and commercial customers.

Sep 20, 2025

India's Sovereign Credit Rating Upgraded to BBB+ by Japan's R&I

In a major boost to India's economic standing, Japan's Rating and Investment Information, Inc. (R&I) upgraded the country's Foreign Currency Issuer Rating from BBB to BBB+ with a stable outlook.
The move highlights confidence in India's strong domestic demand, prudent fiscal management, and enhanced external stability.

Oil India & Hindustan Copper Signs Critical Minerals MoU

In a strategic move to bolster India's mineral security, Oil India Limited (OIL) and Hindustan Copper Limited (HCL) signed a Memorandum of Understanding (MoU) in September 2025.
The agreement aims to jointly explore and develop critical and strategic minerals, particularly copper and associated resources.
This partnership is a key part of India's broader efforts under the National Critical Mineral Mission, which focuses on securing essential raw materials for energy, industry, and technology.

US to Revoke Sanctions Waiver for Iran's Chabahar Port

In yet another tough move against India, the Donald Trump administration in the United States announced the revocation of its waiver of sanctions over the strategic Iranian port of Chabahar, granted in 2018.
The move, which threatens India's key strategic connectivity project to Afghanistan and Central Asia, is set to be implemented from September 29, according to the US Department of State.
Team Trump claimed that the move is part of Washington's "maximum pressure" campaign against Tehran over its suspected nuclear programme.
Once the revocation is effective, persons who operate the Chabahar Port or engage in other activities described in IFCA (Iran Freedom and Counter-Proliferation Act) may expose themselves to sanctions under IFCA.

Sep 19, 2025

EPFO Launches 'Passbook Lite' for Easier Access to PF Balance

The Employees' Provident Fund Organisation (EPFO) in September 2025 launched a new facility called the 'Passbook Lite' within its members' portal, which will provide a summarised view of the passbook with contributions, withdrawals, and current balance.
Currently, members need to log in separately to the 'Passbook Portal' to check their Provident Fund details.

Irdai Chairman Ajay Seth Launches Bima Sugam India Federation Website

Insurance Regulatory Development Authority of India (Irdai) chairman Ajay Seth in September 2025, launched the official website of Bima Sugam India Federation (BSIF).
The launch marks the first visible step in building India's pioneering Digital Public Infrastructure (DPI) for insurance, aligned with the national vision of 'Insurance for All by 2047' and the Prime Minister's mission of Viksit Bharat 2047.

Sep 18, 2025

BSNL Partners with Department of Posts to Boost Telecom Access in Remote Areas

Department of Posts and the Bharat Sanchar Nigam Limited (BSNL) signed an MoU in New Delhi to expand the mobile connectivity of BSNL across the country.
The MoU signed in September 2025, aimed to bridge the digital divide, empower rural households with mobile services, and advance the broader goals of Digital India for financial inclusion and socio-economic development.
The agreement will make BSNL's telecom services more accessible and affordable, particularly for citizens in the remotest parts of the country. Under this, the Department of Posts will leverage its postal network of over one lakh 65 thousand Post Offices for the sale of BSNL SIM cards in the country.
The Department of Posts will serve as a powerful last-mile channel for the BSNL network to enhance its presence in both urban and rural geographies.

P&G Health Appoints Shashank Srowthy as CFO

Procter & Gamble Health appointed Shashank Srowthy as the company's chief financial officer, effective October 1.
Srowthy will take over from Lokesh Chandak, who is moving to a new assignment as senior director – finance and accounting, feminine care, P&G Asia, Middle East and Africa.
He has over 14 years of experience in finance roles at P&G. Srowthy joined the company in 2011 in India and has since worked across multiple roles and geographies, delivering results for several P&G businesses in India, Dubai, and Singapore. He is currently director – finance, haircare, P&G Asia, Middle East and Africa.

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