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23rd September 2024 - Daily Current Affairs Wrap-Up!✨

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Your Daily Dose of Vocabulary Booster✨

Hey everyone, elevate your vocabulary for competitive exams with today’s top picks! βœ…

πŸ“ WORD: Ubiquitous (Adjective)
Meaning:
Present, appearing, or found everywhere.
Usage: Smartphones have become ubiquitous in today’s society.
Synonyms: Omnipresent, Pervasive, Universal
Antonyms: Rare, Scarce

πŸ“ WORD: Exacerbate (Verb)
Meaning:
To make a problem or negative situation worse.
Usage: The lack of rain exacerbated the water shortage in the region.
Synonyms: Worsen, Aggravate, Intensify
Antonyms: Alleviate, Improve

πŸ“ WORD: Benevolent (Adjective)
Meaning:
Well-meaning and kindly.
Usage: The benevolent leader donated a large sum to charity.
Synonyms: Kind-hearted, Generous, Compassionate
Antonyms: Malevolent, Cruel

#VocabBooster ✨

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πŸš€ News Update + Quizathon! πŸš€

S&P retains India's growth forecast at 6.8%; expects rate cut in October.

S&P Global Ratings maintained India's growth forecast at 6.8 percent while noting that the Reserve Bank of India (RBI) may cut interest rates in October. In its economic outlook for the Asia-Pacific region, S&P also retained its gross domestic product (GDP) growth forecast for the financial year 2025-26 (FY26) at 6.9 percent.

It noted that India’s strong growth would help the RBI manage inflation.

"In India, GDP growth moderated in the June quarter as high interest rates tempered urban demand, in line with our projection of 6.8 per cent GDP for the full financial year 2024-25," S&P said. In FY24, India's economic growth rate reached an impressive 8.2 per cent.

Read more about it & other news updates on Oliveboard: https://discuss.oliveboard.in/obnews/

Stay tuned, the quick quiz is dropping soon! πŸ˜‰πŸ”₯
What is S&P's growth forecast for India for the financial year 2024-25?
Anonymous Quiz
11%
A) 6.5%
61%
B) 6.8%
23%
C) 7.0%
5%
D) 7.5%
What does S&P expect the Reserve Bank of India (RBI) to do in October?
Anonymous Quiz
26%
A) Increase interest rates
41%
B) Maintain interest rates
30%
C) Cut interest rates
3%
D) Introduce new taxes
What is S&P's GDP growth forecast for India in FY26?
Anonymous Quiz
13%
A) 6.5%
27%
B) 6.7%
43%
C) 6.9%
16%
D) 7.1%
What was India's economic growth rate in FY24?
Anonymous Quiz
28%
A) 7.5%
26%
B) 7.8%
44%
C) 8.2%
3%
D) 8.5%
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24th Sep 2024 - Daily Current Affairs Wrap-Up!✨

To Take Daily FREE GK Quiz, Visit Oliveboard πŸ“² https://discuss.oliveboard.in/obnews/

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Your Daily Dose of Vocabulary Booster

Hey guys, let's learn new Vocab today! 🀩

πŸ“ WORD: Whistle – blower (Noun)
Meaning:
An employee who reveals some covert or insider knowledge of illegal activities occurring in an organization.
Synonyms: Informant, Defector
Antonyms: Follower, Chauvinist
Usage: He cannot work because he has been identified as the whistle-blower.

πŸ“ WORD: Confront (Verb)
Meaning:
Challenge
Synonyms: Tackle, come face to face
Antonyms: Avoid, Escape, Shun
Usage: She confronted her friend about his smoking.

πŸ“ WORD: Stint (Noun)
Meaning: Period of time
Synonyms: Term, Tenure
Usage: His stint in the army was the highlight of his life.

#VocabBooster ✨

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πŸš€ News Update πŸš€

Sebi imposes Rs 1 crore fine on Jai Anmol Ambani in Reliance Home Finance case.

The Securities and Exchange Board of India (Sebi) imposed a penalty of β‚Ή1 crore on Jai Anmol Ambani, son of Anil Ambani, for alleged irregularities in Reliance Home Finance. Jai Anmol did not exercise reasonable due diligence for the entire GPCL(general purpose working capital ) lending and the onward lending by these GPCL entities to other Reliance ADAG group companies,

including Reliance Capital, the markets regulator alleged. Sebi said that Jai Anmol approved unsecured loan of β‚Ή20 crores to Visa Capital Partners and β‚Ή20 crore to Accura Production Pvt Ltd. Sebi also imposed a penalty of β‚Ή25 crore on Anil Ambani and restrained him from holding key managerial or directorial roles in any listed company or market intermediary for five years.

Read more about it & other news updates on Oliveboard: https://discuss.oliveboard.in/obnews/
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