Category: Economics Current Affairs

Global Platform For Disaster Risk Reduction 2022: The Global Platform for Disaster Risk Reduction, 2022 (GP DRR 2022) took place in Indonesia. The outcome was summarised in the Bali Agenda for Reilience Theme: From Risk to Resilience: Towards Sustainable Development For All in a Covid-19 Transformed World. Global Platform was the first global gathering for […]

RBI Seeks Ban On Cryptocurrency: The Reserve Bank of India (RBI) has recommended a ban on cryptocurrencies citing ‘destabilising effects’ for the country’s monetary and fiscal health. China has declared all cryptocurrency transactions illegal, effectively imposing a complete ban, whereas El Salvador has permitted Bitcoin as legal tender. At the moment, there is no legislature […]

Forex Reserve: Reserve Bank of India (RBI) has undertaken measures to enhance forex inflows, amid Depreciation of Indian rupee. The rupee has depreciated by 4.1 % against the US dollar during the current financial year (2022-23) so far amid the ongoing geopolitical tensions. Indian Rupee has depreciated 4.1 % to 79.30 against the US dollar […]

Goods And Services Tax: Customers will have to pay a 5% Goods and Services Tax (GST) on pre-packed, labelled food items such as atta, paneer and curd, besides hospital rooms with rents above ₹5,000, starting from 18 July 2022. Hotel rooms with tariffs of up to ₹1,000 a day, maps and charts, including atlases, will […]

Build Operate Transfer Model: For new projects, NHAI will prefer the build-operate-transfer model Under the BOT model, a private player will finance, build and operate a project for a period of time (20 or 30-year period). The developers will be recouping the investments by way of user charges or tolls charged from customers using the […]

India Stack Knowledge Exchange 2022: As a part of the Digital India week celebrations, a three day dedicated event titled ‘India Stack Knowledge Exchange’ programme was organised. India Stack refers to ambitious project of creating a unified software platform to bring India’s population into the digital age. India Stack Knowledge Exchange Programme (ISKE): The idea […]

Off-Budget Borrowings: The Centre has relaxed norms for adjusting states’ off-budget loans and said such liabilities of the last fiscal year can be adjusted against their borrowing ceilings for the next four years till March 2026. The move will free up resources for states to fund their capital expenditures in the current fiscal year. As […]

International Child Sexual Exploitation (ICSE) Initiative: India’s Central Bureau of Investigation has joined the Interpol’s International Child Sexual Exploitation (ICSE) initiative. This will allow it to collaborate with investigators in other countries for detecting child sex abuse online and identifying abusers, victims, and crime scenes from audio-visual clips using specialised software. Interpol is the world’s […]

Mechanism To Settle Trade Payments In Indian Rupee : RBI RBI has set up a mechanism to settle trade payments in Indian rupee. The central bank has put in place this additional arrangement for invoicing, payment, and settlement of exports and imports in rupee. The move is aimed at promoting growth of global trade with […]

The Impact Of Inflation On India’s Poor: The impact of inflation on India’s poor would be negligible as per a United Nations Development Programme report on ‘Addressing the Cost of Living Crisis in Developing Countries’, which also looked at the ripple effects of the Russia-Ukraine war such as energy and food market disruptions. While soaring […]