Reverse Repo Normalisation In India: In a recent report, State Bank of India has stated that it believes the stage is set for a Reverse Repo Normalisation in India. The Repurchase agreement (Repo) and the Reverse repo agreement are two key tools used by the Reserve Bank of India (RBI) to control the money supply. […]
Union Budget 2022: Highlights
Union Budget 2022 Highlights: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022 on February 1. She said that the Budget proposals for this financial year rest on health and well-being, infrastructure, inclusive development, energy transition and climate action, financing of investments and ‘Minimum Government, Maximum Governance’. India’s economic growth estimated at 9.2% to […]
Economic Survey 2021-22 : Highlights
Economic Survey 2021-22: Highlights The Economic Survey 2021-22 was tabled in Parliament by the Finance Minister soon after the President’s address to both Houses of Parliament. The central theme of this year’s Economic Survey is the “Agile approach”, implemented through India’s economic response to the COVID-19 Pandemic shock. The preface of Economic Survey states that […]
Daily Current Affairs for UPSC IAS: 1st February 2022
Today Current Affairs: 1st February 2022 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Oman’s Top Defence Official in India
India- Oman’s Top Defence: India is laying out the red carpet for Oman’s top defence official Mohammed Nasser Al Zaabi, who will be in India from January 30 to February 4 on an official visit. Zaabi will be in Delhi to co-chair the Joint Military Cooperation Committee (JMMC) with Defence Secretary Ajay Kumar. The JMCC […]
SilverLine Project: Kerala
SilverLine : Kerala Despite the protests taking place across Kerala against SilverLine, the CPI(M)-led government remains firm on implementing the project. SilverLine is a semi high-speed railway project connecting the state’s northern and southern ends at a cost of over Rs 63,000 crore. The proposed 529.45-km line will link Thiruvananthapuram in the south to Kasaragod […]
What are Bomb Cyclone and Bombogenesi
Bomb Cyclone: The US East Coast is bracing itself for a “bomb cyclone” (Nor’easter) that is on course to to barrel in from the mid-Atlantic. Bombogenesis is the technical term. ‘Bomb cyclone’ is a shortened version of it, better for social media.” It is a mid-latitude cyclone that intensifies rapidly. It has low pressure at […]
Budget Session 2022
Budget: The Budget Session of Parliament has begun and is scheduled to conclude on April 8. First, President Ram Nath Kovind will address both Houses in the Central Hall. The Economic Survey 2021-22 will be laid by Finance Minister Nirmala Sitaraman in Lok Sabha on January 31. The Budget will be presented by her on […]
Bad Bank Received all Regulatory Approvals
Bad Bank: A key proposal announced in this year’s (2021) Budget, a bad bank to deal with stressed assets in the loss-laden banking system, has received all regulatory approvals. Setting up of NARCL, the proposed bad bank for taking over stressed assets of lenders, was announced in the Budget for 2021-22. The plan is to […]
India’s Forex Reserves: January 2022
Forex Reserves: According to recent data from Reserve bank of india (RBI), India’s Foreign Exchange (Forex) reserves posted a decline of USD 678 million during the week ended 21st January 2022 to reach USD 634.287 billion. The slip in the reserves was on account of a drop in the Foreign Currency Assets (FCA), a vital […]
