State Of Food Security And Nutrition In The World: A report titled ‘The State of Food Security Nutrition in the World 2021 (SOFI)’ has studied the impact of Covid-19 pandemic-induced income loss on food intake and malnutrition. The report is presented by the Food and Agriculture Organization of the United Nations, the International Fund for […]
Category: Economics Current Affairs
Aatmairbhar Bharat : Self Reliance for Renewable Energy Manufacturing
Conference On Aatmairbhar Bharat :Self Reliance for Renewable Energy Manufacturing: Confederation of Indian Industry (CII) had recently organised a conference on “Aatmairbhar Bharat – Self Reliance for Renewable Energy Manufacturing”. India had one of the fastest rates of growth of Renewable Energy capacity in the world. It had pledged in COP-21 in Paris that by […]
Mastercard, American Express and Diners Club : Barred by RBI
Foreign Card Payment Network Companies Barred: RBI The Reserve Bank of India (RBI) has barred three foreign card payment network firms – Mastercard, American Express and Diners Club — from taking new customers on board over the issue of storing data in India. As many as five private sector banks, including Axis Bank, Yes Bank, […]
Rebate on Central and State Taxes and Levies (RoSCTL)
Rebate on Central and State Taxes and Levies (RoSCTL): Garment exporters will continue to get a rebate on central and state taxes on their outward shipments as the government approved extension of RoSCTL scheme till March 2024. The move is aimed at enhancing competitiveness of the labour-intensive textiles sector. The Union Cabinet chaired by Prime Minister Narendra […]
Wholesale Price Index (WPI) : June 2021
Wholesale Price Index (WPI) For The Month Of June, 2021.: The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade has released the Wholesale Price Index (WPI) for the month of June, 2021. Wholesale Price- Inflation: Inflation in wholesale prices stayed high in June 2021 at 12.07% following the record high […]
Retail Direct Gilt (RDG) Account
Retail Direct Gilt (RDG) Account: RBI announces RDG account for hassle-free trading in govt bonds for retail investors. The Reserve Bank of India (RBI) said that retail investors can open an account with the central bank to start trading in government bonds. The online portal for retail investors will provide access to the bond trading […]
National Archives Of India
National Archives Of India: Culture Minister G. Kishan Reddy said the National Archives’ records related to freedom fighters would be digitised within a year as a part of the commemoration of 75 years of Independence next year. The National Archives of India is an Attached Office under the Ministry of Culture. It was established in […]
IFSCA – International Trade Finance Services Platform
IFSCA: IFSCA has issued a framework for Setting up and operating International Trade Finance Services Platform (‘ITFS’). The International Financial Services Centres Authority (IFSCA) has been set up vide IFSCA Act, 2019 to develop and regulate the financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs). Towards this end, IFSCA […]
RBI Retail Direct Scheme
RBI’s Retail Direct Scheme: The Reserve Bank of India (RBI) announced the ‘RBI Retail Direct’ Scheme. In February 2021 RBI proposed to allow retail investors to open gilt accounts with the central bank to invest in Government securities (G-secs) directly. Under the scheme, retail investors (individuals) will have the facility to open and maintain the […]
Financial Action Task Force’s : Strategic Deficiencies
The Financial Action Task Force’s (FATF): The Financial Action Task Force’s (FATF) plenary session ended its five-day deliberation and put out the list of countries that it has identified to have “strategic deficiencies”. The Paris based UN watchdog that looks after issues like terrorism financing, money laundering and the flow of black money at the […]
