General Awareness

BUSINESS AND ECONOMY - March 2024

Mar 2024

Oct 22, 2025

Tata Trusts Makes Venu Srinivasan Trustee for Life

Tata Trusts unanimously reappointed Venu Srinivasan as a trustee for life, and all eyes are now on the upcoming decision regarding Mehli Mistry's renewal, amid reported internal divisions within the organisation.
The reappointment of Srinivasan, ahead of his term expiring on October 23, came amid reports of a vertical split within Tata Trusts — with one faction said to align with Noel Tata, who took over as Chairman following Ratan Tata's death, and the other comprising those seen as loyalists of the former doyen.

India Launches First-Ever State Mining Readiness Index

In a move to modernise India's mineral governance, the Ministry of Mines released the first-ever State Mining Readiness Index (SMRI) and State Rankings for 2025. Announced as part of the Union Budget 2025–26, this index aims to benchmark States on how efficiently and sustainably they manage their non-coal mineral resources, ushering in a new era of transparency, accountability, and competition in the mining sector.
The SMRI is rooted in three key goals,
Promote healthy competition among States to improve mining governance and operational efficiency.
Improve transparency and ease of doing business in mineral auctions and mine development.
Encourage sustainability, ensuring that mining aligns with India's climate and social responsibilities.

Oct 20, 2025

Nirmal Minda Becomes ASSOCHAM President, Chaudhry as Sr. VP

Nirmal Kumar Minda, the Executive Chairman of Uno Minda Group, assumed the role of President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Alongside him, Amitabh Chaudhry, Managing Director & CEO of Axis Bank, was named as the Senior Vice�'President of ASSOCHAM, though his appointment is subject to RBI approval.
Minda has been a prominent figure in the auto component industry for over five decades.
He has been credited with shaping supply chains in the sector and placing innovation at the core of his group's strategies.
His leadership style is noted for being customer�'centric and people�'oriented.
Under his guidance, Uno Minda has grown into a global operation with a wide product portfolio.
He has also held leadership positions in industry bodies such as ACMA (Automotive Component Manufacturers Association of India).

Bajaj Finserv AMC Launches 'Pay with Mutual Fund' via UPI

Bajaj Finserv AMC launched a groundbreaking feature that bridges investing and daily payments—the 'Pay with Mutual Fund' facility. In collaboration with fintech firm Curie Money, this innovation allows investors to use their mutual fund units to make UPI transactions, seamlessly blending the world of asset growth with real-time spending needs.
The facility is based on the Insta Redemption mechanism, which allows investors to,
Redeem up to ₹50,000 or
90% of their investment, whichever is lower, instantly

Oct 19, 2025

GAIL Signs Concession Agreement to Set up CBG Plant in Bengaluru

GAIL (India) Limited signed a tripartite Concession Agreement with the Greater Bengaluru Authority (GBA) and Bengaluru Solid Waste Management Limited (BSWML) to develop a Compressed Bio Gas (CBG) plant at the KCDC area in Haralakunte Village, Bengaluru South Taluk.
The agreement was signed in the presence of Karnataka Deputy Chief Minister D.K. Shivakumar. Under the agreement, GBA will provide 18 acres of land on a permissive-use basis, while BSWML will supply 300 tonnes per day of segregated municipal solid waste (MSW) for processing.
The plant is expected to produce around 12.6 tonnes of Compressed Bio Gas and 22 tonnes of Fermented Organic Manure (FOM) daily. The project aims to promote sustainable agriculture and support the development of a circular economy in the region.

Oct 18, 2025

LIC Launches Jan Suraksha and Bima Lakshmi Insurance Plans

The Life Insurance Corporation of India (LIC) launched two new insurance plans—Jan Suraksha Plan (880) and Bima Lakshmi Plan (881). These are the first policies introduced by LIC under the new GST regime, reflecting its efforts to expand financial protection across diverse income and gender groups. While Jan Suraksha caters to the lower-income segment, Bima Lakshmi is an exclusive offering for women, providing a blend of protection, savings, and health benefits.
The LIC Jan Suraksha Plan (880) is a life micro-insurance endowment plan. It offers a lump sum at maturity and life cover during the policy term.
The plan includes guaranteed additions at the rate of 4% of the annualised premium each year, helping build savings over time.
The LIC Bima Lakshmi Plan is a non-linked life insurance policy with guaranteed benefits and money-back options.
It also includes critical illness coverage, making it a holistic plan for women.

Oct 17, 2025

India must 'Fire on all Cylinders' to Sustain Growth and Boost Trade, Says IMF

India must fire on all cylinders with focus on domestic demand, reforms, investment, innovation, and trade integration, to sustain high growth and meet its long-term development goals, Krishna Srinivasan, IMF Director of the Asia and Pacific Department (APD), said.
On India's current economic performance, Srinivasan said growth remains strong despite global shocks. "India continues to be the fastest growing major economy.

India, Brazil Agree to Deepen trade Agreement with MERCOSUR Countries

India and Brazil reaffirmed their commitment to strengthening trade ties through a deeper MERCOSUR-India Preferential Trade Agreement (PTA), according to a release by the Ministry of Commerce & Industry.
The announcement came after a meeting between Brazil's Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, and Union Minister of Commerce and Industry, Piyush Goyal.
The two leaders welcomed the mutual interest of India and MERCOSUR Member States in expanding the existing PTA to promote trade and investment. Recalling the Framework Agreement signed in 2003, they agreed that the expansion should be substantial, aiming for a significant share of bilateral trade to benefit from tariff preferences.
The full member countries of MERCOSUR are Argentina, Brazil, Paraguay, and Uruguay, while Bolivia became a full member in July 2015. Venezuela was a member but was suspended in 2016.

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